Annuity Discount Brokerage

The Annuity Discount Brokerage offers a wide range of different types of annuity, including: Pension Annuities (Compulsory Purchase Annuities) » Impaired Life Pension Annuities » Immediate Vesting Annuities » Purchase Life Annuities » Care Fee Annuities (Immediate Needs Annuities) »

Pension Annuities (Compulsory Purchase Annuities)

  • Our Annuity Quote system allows you to compare the annuity market and shows you annuity rates from the leading providers.
  • You can immediately see how adding product options, such as indexation or death benefits affects the income on offer.
  • We offer commission sacrifice which increases the value of your annuity on a sliding scale- the bigger the size of the annuity, the more we will sacrifice commission.
  • You can quote as many times as you like and no passwords or subscriptions are required. We do not send you spam or contact you in any way unless asked.

If you want to use our Annuity Quote system to find which annuity provider is offering the best rates and which product options to add, simply follow the 4 steps below:

  1. Complete some basic personal details, choose which annuity options you wish to see included and how much tax free cash lump sum you are taking:

    Annuity Discount Brokerage

    Annuity Discount Brokerage

  2. Submit the quote and you will see the results within seconds:

    Annuity Discount Brokerage

    Annuity Discount Brokerage

  3. If you wish to proceed and apply for the annuity, click on the quote:

    Annuity Discount Brokerage

    Annuity Discount Brokerage

  4. You can then obtain an illustration by clicking on “Get Client Illustration”, which then generates an offer of terms from the annuity provider. Should you decide to proceed with an annuity purchase, just let us know and we will guide you through the application process.

    Annuity Quotes

    Annuity Quotes – results page

Impaired Life Pension Annuities

If you are in poor health, you may qualify for an “impaired annuity”. Our Impaired Life Annuity Quotation module allows you to disclose your condition(s) and we submit the case to the underwriting departments of the product providers who will assess the case and either decline to offer terms, ask for more information from you or they may give you an offer. Currently there are eight impaired annuity providers and they typically provide their feedback within 2-10 working days. The quotes we send you show the income available after we have sacrificed commission as per our terms published on the annuity homepage. To obtain an impaired annuity quote, simply complete our online form which allows us to submit the case to underwriting:

Impaired Life Annuity Quote request form

Impaired Life Annuity quote request form

Impaired Life Annuity Quote request form

Impaired Life Annuity Quote request form

 

Immediate Vesting Annuities

An Immediate Vesting Annuity gives you instant tax relief on your contribution. You receive back 25% of the grossed up contribution in the form of a tax free cash payment and then annuitise the remaining funds to generate an income for life. We offer free Immediate Vesting Annuity quotes. Should you decide to proceed, we would pay you a cashback of 51% of the value of the commission paid to us by the product provider. We endeavour to provide you with quotes within one working day of receiving your request. To request a quote, simply complete our Immediate Vesting Annuity quote request form:

Immediate Vesting Annuity

Immediate Vesting Annuity Quote request form

Purchase Life Annuities

A Purchase Life Annuity is an income for life, but unlike pension annuities, the source of the funds is from your savings, as opposed to a pension fund. Our Purchase Life Annuity quote module is free to use and the rates you can obtain are enhanced by our commission sacrifice of at least half the amount usually payable. Our rebate terms are published on our homepage. We endeavour to provide you with quotes from all the providers of Purchase Life Annuities within one working day of receiving your quote request. To request a quote, simply complete our Purchase Life Annuity quote form:

Purchase Life Annuity Quote request form

Purchase Life Annuity Quote request form

Care Fee Annuities (Immediate Needs Annuities)

For people who have had to go into a Care Home, we can help secure the funding of their care fees with a Care Fee Annuity, sometimes referred to as an “Immediate Needs Annuity”. For Care Fees Annuities we charge a maximum of 2% of the value of the annuity. Our Care Fees Annuity quotation module allows you to obtain free quotes which give you a guide to the likely costs of a Care Fees Annuity. This involves a two stage process:

Stage 1 asks for details of diagnosed conditions and of Activities of Daily Living being failed to allow indicative quotes which are approximations, as opposed to offers, to be produced after the case has been assessed by medical underwriters. To request an indicative quote, simply complete our Care Fees Annuity quote form:

Care Fees Annuity Quote request form

Care Fees Annuity Quote request form

Stage 2 involves obtaining an offer where an independent company called Medicals Direct writes to the GP Surgery and Care Home Manager to ask for reports to be completed to allow offers to be issued.

Should you decide to proceed, we would then guide you through the application process and help you with the forms.