Blue River Annuities

Annuity Options

Choosing the Best Annuity for You

An annuity converts your pension fund into a regular income that will last you as long as you live. The amount of income you receive each year is dependent on the size of your fund, the annuity rates being offered, your personal circumstances and the type of annuity you choose.

When purchasing an annuity you have a number of different options to choose from. To decide what the best annuity for your circumstances is you should consider both your immediate and long term needs.

Types of annuities and annuity alternatives available to UK pensioners include –

• Alternatively Secured Pension
• Enhanced Life or Special Situation Annuities
• Lifetime Annuity
• Phased Retirement
• Scheme Pension
• Third Way Pensions
• Triviality
• Unit Linked Annuity
• Unsecured Income / Unsecured Pension
• With Profit Annuity

When setting up your annuity the choices you make are important and usually cannot be changed once the policy begins.

If you are married you have the choice of purchasing either a single life or joint life policy. Policies taken out on a single life basis will provide a higher income than a joint life annuity but won’t provide financial protection to your spouse in the event of your death. As an alternative in a joint life annuity payments will continue to be paid to your partner even after you die.

Generally annuities will incorporate a zero, five or ten year guarantee period. The guarantee period means that income will be paid out for a set period of time regardless of when you die. If you take out a policy with a five year guarantee but die after three years the annuity would continue to payout to your dependents for a further two years.

Specialist impartial advice on pension annuities and your retirement options.

Many people find purchasing a pension annuity a difficult choice which is why at Blue River Annuities we are here to simplify the process. There are many factors which have a bearing on which is the best annuity for you which is why it is beneficial to seek independent professional advice before you purchase your annuity.

Contact us today and let our experienced annuity advisers find the best annuity for you. Please complete our online enquiry form or call our dedicated helpline on 08000 936399 and we can discuss your individual requirements in more detail.