An annuity is a way of guaranteeing an income from a pension pot that you have built up over many years. It only stands to reason that you will want the best rates possible in order to make the most of the money that you have saved so hard for.

One way to do this is to see if you are entitled to some form of enhanced annuity . This means that you will be able to receive a higher pay-out per month than you would normally be able to do. An enhanced annuity is paid out on a number of factors, some of which are listed below.

Basically, the companies that offer annuities pay out higher rates for those people with shorter life expectancies. This might seem a little harsh, but it is important to understand. This means that if you are a smoker, have a medical condition or even live in certain areas you will be entitled to a higher pay out.

So, if you have a heart condition, then it really is in your best interests to seek out an enhanced annuity in order to receive the best monthly income from your pension savings. You can compare what is on offer online, and seek the finance advice you need from an independent financial advisor.

As with any financial contract, make sure that you fully understand what you are signing up for, and also take the option that is best for you and your spouse. This means that you will have a much more financially comfortable retirement.