5, 10, 15, 20 & 25 Year Annuity Rates Comparison

 

According to the latest research into annuities and retirement income, annuity rates are 50% lower than they were fifteen years ago. This is mainly down to a decrease in value of gilt yields and a weak investment market.

This means it is as an important time than ever before to shop around for the best annuities as well as researching the best options to take so that you make the right decision for your money.

Although annuity rates are at a low retirees can still use the open market option to locate an attractive deal. With the Open Market Option free to use, sadly 66% of retirees still do not bother to shop around for the best annuity rates. The poor deals that they settle for mean that they may miss out on enhanced rates and valuable income.

There are also many different types of annuity such as joint annuity, smokers’ annuity, 5 year annuity rates, 15 year annuity rates, or 25 year annuity rates. Settling for 20 year annuity rates rather than 10 year fixed annuity rates might be the right decision for you, but without some research and a bit of shopping around, you’ll never know. Advice and help is available for anyone wishing to find out more.

It is important to remember that despite annuity rates being low, whatever deal you settle for can be fixed or index or unit linked and so keeping an eye on the open market at peak times will ensure you can still achieve a valuable annuity deal.

When the credit crunch hit, the crisis meant annuity rates soared. Those people who anticipated this managed to secure a better deal just by keeping their eye on the open market.