Annuity Frequently Asked Questions
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Pensionlite provide a whole of market fully advised service so you can be assured that we will look at all of your options. Unlike many firms we do not take the easy route by just using a small selection of annuity providers.
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Enhanced Annuities take into account your specific personal, health and lifestyle details. By doing this the annuity providers are able to better assess your life expectancy and doing this could provide as much as 40% more income. In our experience more people qualify for some form of enhanced rates than do not. Our simple over the telephone questionnaire will ensure that basic things like your post code, your main lifetime occupation, existing and past smoking and drinking habits, medical history and general health, along with details of any prescription medicines you may be taking are all considered. Buying an annuity is for life, you can never change your mind, so making sure you get the best rate possible is vital. The only way to do this effectively is by searching the whole of the market. Enquire now.
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Once it has been established if you qualify for enhanced annuity benefits based on your health and lifestyle you will have a number of choices as to how your income is paid and who is to receive it. The choices you make will increase or decrease your income and in the case of an investment backed annuity may provide opportunity for gradual improvement.
The choices you need to consider, which we will discuss with you, are;
- Do you want a single or joint life pension?
- If you provide for a spouse should he or she receive a full pension or a proportion of yours if you were to die first?
- Do you want an increasing or level income?
- Do you wish to preserve something for your next of kin, other than a spouse, when you die?
The only way to do this effectively is by searching the whole of the market. Enquire now. -
We provide free, independent, no obligation review and recommendation reports covering all aspects of our specialist areas of work. You are under no obligation to follow our advice and we only get paid if you accept our recommendations and a transaction is agreed by you with the full knowledge of what it may cost.
The amount work we carry out for you and the degree of complexity of any transaction will have a bearing on costs and so it is important that we are open and honest about these figures before you agree to do business with us. A full disclosure of our charges is always included within our recommendation reports BUT if you do not accept our advice there are NO COSTS.
Our aim is to always provide our clients with tailored solutions, created by advisers with particular skills and specialist qualifications. Our advice process is always to gather a full understanding of our client’s needs, circumstances and aspirations together with detailed analysis of any existing arrangements before making written recommendations.
This enables you to make choices from a position of knowledge in your own home and in your own time with Pensionlite on hand to provide support as well as answer any questions before any decisions or actions are taken.
