Annuities
 |
 |
 |
 |
|
 |
Annuities
(Please note that MedicAlert does not share any of your medical information with Unique Insurance Services. If you wish to obtain a quotation from Unique you will need to provide us with your personal and, where appropriate, medical information.)
Reaching the magic age of 75 - Annuity news update
Not everyone believes that they will live to see the age of 75, but statistically as a large proportion of people will, it is important that your finances are in order, particularly when it comes to pension planning.
Currently, the benefits available from private pension plans (not state benefits) can be taken from age 50 up to the age of 75, although some employer's occupational pension schemes may have different minimum retriement ages in place.
Could your pension income be ‘uniquely’ increased?
It’s possible to increase your pension income when you decide to take your benefits at retirement because you have a medical condition, disability or allergy. (Please note this does not apply to your State Pension) Pension income is paid via an ‘annuity’. Those living with a medical condition, disability or allergy may benefit from annuities at special rates - giving you a better level of income in your retirement. These special rate annuities are called ‘enhanced annuities’.
What to do next
Find out if Unique Insurance Services can help you to secure a special rate by clicking here to access a free annuity quotation comparison website.
Alternatively you can call 0845 015 0221
or email MedicAlert@heathlambert.com for a free quote.
The workings of annuities…
Unique Insurance Services have teamed up with Heath Lambert Consulting Ltd (HLC) to provide access to a comprehensive enhanced annuity service, which is especially relevant if you live with a medical condition, disability or allergy.
If you are living with a medical condition, disability or allergy it is possible that you may be able to benefit from this special type of annuity which offers a higher level of income than conventional annuities. This is due to the pension income payable to you being enhanced to reflect your lifestyle, state of health and life expectancy. Anything having a detrimental affect on any of these factors, i.e smoking, could improve your retirement income.
An annuity is provided by an insurance company and pays you a secure income for the rest of your life. Your choice of which insurance company to provide your annuity is crucial, because once the annuity has started you cannot change your mind – it is an irreversible decision. However, you do have the choice of selecting the insurance company that will provide you with the best level of pension. The choice is yours and you should use it. This is known as ‘The Open Market Option.'
The Open Market Option – weigh up your options
It is very unlikely that you will have to stay with your existing pension provider when you want to buy an annuity, and often they will not offer you the best income or options. Plus, not all annuity providers offer similar benefits – the difference between the highest and lowest annuity incomes available can be significant. So we hope you can understand how important it is for you to use your freedom to shop around for the very best deal for you. After all it’s your hard earned pension and you and your family are entitled to the very best the money can buy.
The HLC Annuity Solutions service provides you with the means of finding one of the most competitive annuity rates at retirement. The aim is to maximise the income available to you from your existing pension fund(s).
You can speak to one of HLC’s qualified advisers on the telephone or use our online search facility that allows you to input your details and select the criteria relevant to you and then find the best annuity options available to you right now.
Important information
It is important to understand that in providing this service HLC will not be providing you with any financial advice or a personal recommendation. The service allows you to select the basis of the annuity and then search the market for a competitive product matching your requirements.
The service is therefore provided on an execution-only basis, meaning that you confirm that you have neither sought nor received a personal recommendation. This service also raises valuable revenue for MedicAlert as a percentage of any income earned by HLC will be given to the charity at no additional cost to you.
For more information on how to use the annuity service or to start searching the market for the best deals around
phone 0845 015 0221 or visit Heath Lambert Consulting. Lines are open Monday to Friday 9.00am to 5.00pm
or you can email MedicAlert@heathlambert.com
Return to Insurance Services homepage Unique Insurance Services is a trading name of Heath Lambert Limited (HLL) and Heath Lambert Consulting Ltd (HLC). Heath Lambert Limited is authorised and regulated by the Financial Services Authority. Registered office: 133 Houndsditch, London, EC3A 7AH. Registered No. 1199129, England and Wales.
Heath Lambert Consulting Limited is regulated by the Financial Services Authority. Members of the Society of Pensions Consultants. Registered address: 133 Houndsditch, London, EC3A 7AH
