"I didn’t really know what I was looking for, but Compare Annuity explained it all in a really straightforward manner, making me feel much more comfortable about making a decision."
Martin is 64 and has a large pension fund. Providing for his family is a high priority, and he is aware that standard annuities are usually non-transferable, meaning his savings could be lost if anything happened to him.
By comparing his options with the information provided by Compare Annuity, he decides that a joint life annuity is the best option for him, as it allows him to ensure that a proportion of his annuity income can be drawn by his wife for the rest of her life if he predeceases her. One of our specialists then conducts a thorough market search, finding him a joint annuity package that allows his wife to withdraw 100% of his annual income at an attractive rate.
Martin Williams, London.
"How refreshing! A comparison website that does exactly what it says on the tin. The website was easy to follow, the information provided by the specialist was straightforward and I ended up finding a really great annuity quote!"
Laura is 60 and has been paying into an Aviva pension fund for thirty years. She has been happy with their service and assumed she would automatically purchase her annuity from them when the time came to retire.
After receiving her annuity pack after her sixtieth birthday, Laura decided to use Compare Annuity to find out how much her pension fund could be worth. After receiving a comparison quote from an annuity specialist, she finds that Prudential offer a more competitive rate for a standard annuity in her area, while Standard Life offer an attractive package for an escalating annuity, which reflects her concern about the possible rising cost of inflation.
Laura Dunn, Birmingham.