Best Annuity Quotes – From The Whole Market

When you want the best annuity quotes there is only one place to get them and that is the whole of market. The best annuity quotes can only be sourced by comparing all annuity providers.

No one annuity provider could ever give you the best annuity quotes for all circumstances, for example how could one provider quote for , men, women, young, old and all the options available. It would be impossible so that is why you need to use the whole of market.

where to find the best annuity quotes

This annuity news blog will always recommend that you seek advice from an independent annuity specialist. Only an independent can get you quotes from the whole market and only an independent acts on your behalf to research all the options and will check if you qualify for enhanced annuity rates.

Your existing pension provider may not be the best rates for you new annuity, by all means get them to try and match any annuity quotes you may have found from the whole market. Never just accept the first quote you are given by your pension provider. Unfortunately in the retirement market, some two thirds of people still just accept the first quote given them by the pension provider.

Annuity Quotes using Annuity Calculator

Getting annuity quotes at retirement is probably easier using an annuity calculator. The annuity calculator allows you to change the options quickly and then produce the list of annuity quotes from each of the annuity providers.

Finding the best annuity calculator means searching the web for one or you could visit an annuity specialist and they would then produce the annuity quotes for you.

Annuity Quotes from the Open Market Option

Whenever you are looking to get annuity quotes, make sure that you get them from the open market option, that way you can be sure that they are the best. The open market option gives you the right to take your pension fund to another annuity provider. Once you have found the best annuity quote you will need to move your pension fund to that provider.

Getting the best annuity rates

Once you are happy that the annuity quotes you have found for the best annuity rates meet your objectives you then need to get advice from an annuity specialist like annuitysupermarket. The specialist will ensure that you fund is moved from your pension provider to the new annuity company with the least hassle and in quick time.

Annuity Quotes – Use the Open Market Option

If you want the best annuity quotes for your retirement income then you need to use the open market option. Annuities quotes from the open market will include all the annuity providers and not just a single provider or a panel of providers.
To use the open market and get you annuity quotes is very simple. We recommend that you use a specialist annuity desk that transacts this type of business everyday and will be able to hold your hand all the way through the process.

What is the Annuity Quote Process?

The annuity quote process starts with asking questions about the shape of annuity you require. The shape is the options that you want built into your annuity. These are:

  • Continuing pension for spouse or civil partner
  • Guarantee payment period after death and usually maximum of 10 years
  • Escalation in payment to protect against inflation and can be a set percentage or linked to the retail price index
  • Value protection which pays out any unpaid pension on death before age 75 but there is a tax charge of 35%
  • In advance or in arrears, you can choose how your payments are made

Once you have chosen the shape then annuity quotes can be prepared to match the chosen shape using the open market option. It should be pointed out that each of the options chosen reduce the amount of income from a standard single life, level with no options annuity payment.

Annuity Quotes

If you are retiring soon and you have recieved your wake up pack from your pension provider telling you what benefits the pension will provide for you, I guess you now need to find some annuity quotes from the open market.

Yes! you can buy your annuity from your current pension provider but you will probably find that if you go to the open market and look for the best annuity rates that you will get a much better rate. It can be a quite daunting experience going to every annuity provider and asking them for annuity quotes. Perhaps the best suggestion is to go and visit an annuity supermarket and ask them to provide annuity quotes.

Annuity Supermarkets will generally be whole of market, however, some only use a panel of annuity providers, this is because they will get enhanced commission rates by selecting a small panel. Make sure you choose an independent whole of market annuity intermediary to provide your annuity quotes.

Also make sure that the intermediary you choose asks questions about your lifestyle and health, this is because in many instances you can qualify for enhanced annuities. Generally enhanced annuities will pay around 20 to 40% more income, this is because you are likely to have life expectancy that is lower than the average.

If you want to get annuity quotes from a specialist independent whole of market annuity intermediary then go to or call 0800 043 07125.