.Annuities
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  Welcome to Annuities Network

Annuity : Annuities Network

Welcome to Annuities Network, a fast and easy way to find some of the highest retirement incomes currently available.

Increase your Retirement Income

By choosing the most competitive provider at retirement you could increase your income by up to 30% each year. You could well find you can obtain a higher income for life.

Within AnnuitiesNetwork you can find out what an annuity is, who can purchase one and compare providers.

 Click here to compare annuit rates

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Annuities - Once you decide an annuity is right for you, you should not put off converting your annuity fund into an income.
  • The general trend in annuities has been downwards over the last ten years. Annuity rates have been adversely affected by the fact that people are living longer. Consequently insurance companies are reducing their annuity rates.
  • By taking the annuity now you start generating income. If you delay for a year, you lose out on a whole year's worth of valuable income. If the value of your annuity fund should fall during this year, not only would you lose out on this income, but you would also have a smaller fund to buy your annuity. Even allowing for growth on your annuity Fund and the fact that, assuming all the circumstances remain the same, the older you are the higher annuity rate you could obtain, you may not get a chance to catch up on the total income you would have received by taking the annuity earlier.
  • Buying your annuity now means that you lock into today's annuity rates. Once set up your annuity cannot be reduced.
Standard annuity rates are calculated with reference to the average life expectancy. This is fine for those in good health, but not so for those who have below average life expectancy.

A large number of people could obtain enhanced rates when they set up their annuity income, yet only a small proportion of people actually apply for them.Your annuity fund does not automatically start paying you an income when you retire. Instead, when you decide to take an income, your annuity is normally converted into a lifetime annuity, an income for life no matter how long you live.