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3 Ways To Get An Annuity Quote

After much contemplation and discussion with your advisors you have decided that annuity is a good way for you to invest your money. So, now you need to know which company will get you the best return on your investment. In order to find that out, you’ll need to get an annuity quote.

There are three main ways to get an annuity quote.

Way #1 to get an Annuity Quote

The first way to get an annuity quote is the most simple. Make an appointment to go into the office of the insurance companies you would like a quote from. It is a good idea to get at least three annuity quotes so that you can compare different options.

You will sit down with a representative of the life insurance company and the representative will ask you lots of questions about your life. This will often be in the form of asking you to fill in a questionnaire. From here, the representative will show you different packages that meet your needs and will recommend the package that they think suits you best.

But beware! These representatives are sales people and are often paid commission on how many people they sign up – the larger the plan, the larger their commission. As such, it is a good idea to have done some research before you go into your meeting. If you know what you are talking about, it is less likely that someone will take advantage of you.

Way #2 to get an Annuity Quote

The second way to get an annuity quote is to phone the life insurance annuity company.

You will speak to a representative on the phone and they will ask you questions about your life – where you are now, where you want to be and what your plans are for retirement. From the information you give them they will recommend the best annuity product for you.

But again, you must remember that these representatives are not impartial – they are sales people and have a vested interest in having you sign up to their company for as much money as possible.

Way #3 to get an Annuity Quote

The third way to get an annuity quote is to go online. The great thing about applying for your annuity quote online is that you can do it at any time that suits you – even at 2am on Thursday morning.

There are two ways you can do this. Either go to the website of the life insurance annuity companies that you are interested in getting a quote from – the problem with this is, again, that the information is not impartial.

The other way is to visit an online comparison website. This is where many financial products from different companies are placed side by side so that you can compare all of the different features and benefits. The great thing about these sites is that they have no vested interest in getting you to sign up for annuity at all. They have all of the information in one place which gives you the chance to make a better decision.

What Should I know when getting an annuity quote?

There are many things you should know about when getting an annuity quote.

One of the most important is annuity tax. You must ensure that your quote has all of the information about annuity tax listed on it. If it doesn’t, you could find yourself with a nasty surprised when your annuity tax bill arrives!

For more information on all the things you need to know about annuity, please read the rest of the articles on this website.