When searching for the best annuity rates the first place to start is with a financial adviser. An adviser will have access to all the annuity deals in the market place and can find you the best annuity rates. The adviser will also have special research software that will make the whole process very simple.
Advisers usually start by asking you questions about the size of your fund, whether you want the pension income to continue after your death, if you need guaranteed payment period and also if you need the income payments to go up each year to keep pace with inflation. At the same time they will enquire about your health and lifestyle as this can give additional income if you qualify for enhanced annuity rates.
With annuity rates, no one provider can offer the best annuity rates for everyone, they all have a target market that they like to attract. For example some providers like to have joint life annuity couple, others prefer to target single males over age 65. This is why it is so important to seek the advice of a financial adviser so they can research the whole market for you.
