What is an annuity?
The importance
of choosing the right annuity
Maximising your retirement income
What is an
impaired life annuity?
The next step
What is an annuity?
In its simplest sense an annuity is
an income provided by your insurance company that is payable
for the rest of your life.
Along with millions of other people, you save
part of your income each month to prepare for your retirement. But what you get at the end will ultimately be determined by your
choice of annuity.
Many people assume that on
retirement their pension company will start paying them an
income automatically. This is not the case. Under current
legislation you will have to buy an annuity with the bulk of
your fund.
The importance of choosing the right annuity
As interest rates have fallen significantly over the last few
years the returns from annuities have also fallen. This may mean
that your income in retirement is significantly less than you were hoping for.
Choosing the right annuity is essential because government rules
mean you cannot change it once you have made your choice.
Maximising your retirement income with Protect Direct Online
We believe that many clients do not realise that they do not have
to purchase their annuity from their present pension provider. You
have every right to look around for higher rates.
This is known as the Open Market Option.
Annuity companies vary dramatically in the rates they offer and
significant improvements in yearly pensions can
be achieved. As you cannot change your annuity once you have purchased
it, we believe it is of utmost importance to use your Open
Market Option.
By looking at your circumstances in confidence we will be able to
research the market and find you the highest rates - to boost your income.
What is an impaired
life annuity?
Sadly some clients reaching retirement find they are not in the
best of health. Using the Open Market Option we may be able to
approach some specialist annuity companies who, after a sympathetic
assessment of your circumstances, may be prepared to offer an
annuity at a higher rate than can be achieved elsewhere.
The main conditions that these companies will consider include
cancer, major organ failure, heart disease and strokes.
Whilst a greater degree of impairment will result in a higher
annuity rate being secured, some companies
will also consider other conditions including;
Alzheimer's disease, emphysema, liver
cirrhosis, asthma, chronic bronchitis, motor neurone disease,
diabetes, multiple sclerosis, dementia, Parkinson’s disease, high
blood pressure and long term Smokers.
Again, by providing us with information on your condition, we will
be
able offer guidance on whether increased
annuity payments can be achieved.
The next step
Protect Direct Online offers a truly
personal service and we won't ask you to complete any forms until
we have discussed your individual requirements and you have decided to proceed.
So, simply complete the form on the
right of this page, provide us with your name and phone number and we'll call you
back at your convenience - at our cost.
Alternatively, email us at
enquiries@templebar.co.uk, or telephone us direct on 0800
587 7043 between 9.00am - 9.00pm, Monday to Friday.
(NB. Protect Direct Online is a trading
style of
Temple Bar
Ltd) |
