Choosing UK Annuities
Under no circumstances should you accept the first annuity you’re offered.
Most people take their first offer and lose out badly by getting an annuity of UP TO 30% LESS than if they’d bothered choosing a better one by shopping around.
There are many different types of annuities to suit all needs eg you may want to provide for your partner if you die first.
For some examples of choosing different types see 1, 2 and 3 below.
Make sure you buy the right type. Consider what you need and then find an annuity that matches.
Annuities UK Guide