A pleasant retirement is something we all want to arrange as soon as we terminate our working life. One thing which will alter how comfortable your retirement ends up is the return you make from an annuity.

An annuity is something the majority of us don't consider until we reach retirement age as we are so busy getting on with our lives. There are many reasons why we don't think about annuities in working life such as.... lack of knowledge, lack of comprehension and laziness.

Industry insiders find this alarming as acquiring the highest annuity can result in income increases as high as thirty percent or so.

The initial question which mystifies people when looking for annuity is... where should I go to secure annuity rates? There are a number of places to start when looking for the best annuity such as... an Independent Financial Adviser, your incumbent pension company and the web. These choices each have various charges applicable to them, so ensure you pick the best option for you.

You could be thinking do I need to consider all these options, but getting the right advice is crucial when looking for an annuity. If you take the decision not to contrast annuity companies you could miss the chance of a much higher retirement income. Many who took the first offer annuity are now wishing they had compare pension providers.

A proportion of these annuity clients may have also been entitled to an impaired life annuity, which might mean they are now not enjoying a higher retirement income. It should be recorded however that the 35% rate increase is only offered to those who have serious medical problems. There are a number of conditions which can entitle better rates such as heart attacks, high blood pressure and obesity.

You might be saying to yourself.... 'I have yet to endure a medical condition like this'. Well even if this is true you could still be in line for an annuity that is better than a conventional annuity. Commonly you will be offered better rates if there is evidence you smoke cigarettes, cigars or a pipe on a regular basis. The clever move to enact here is to always let your annuity firm know of anything (illness or lifestyle choice) which may reduce your life expectancy.

The reasoning which lays behind why providers can offer higher rates is that they calculate having to pay you for a lesser time period.

So to ensure you don't miss the opportunity of earning a much greater pension income, compare pension annuities today.