Enhanced rates

When annuity companies provide quotations for their current rates, one of their primary tasks is to assess your life expectancy. They will include a number of factors in this assessment including your health, your lifestyle, your smoking habits and even your postcode in some cases.

Your smoking habits and medical condition or conditions, both past and present, can all affect your normal life expectancy. Some annuity providers now take this information into account when setting their annuity rates. In some cases, this can mean substantially higher income levels than those payable from standard conventional annuities.

It is important to note that any entitlement to an improved annuity rate will be based on a possible reduction in your life expectancy, NOT your quality of life. That is, you may qualify for a higher income without necessarily having any impairment to normal living. 

For all these annuities, each case is assessed individually. Please be sure to let us know on the Questionnaire if you think you may qualify. If you have any questions regarding enhanced rates please feel free to contact one of our retirement consultants on 0800 071 8111.

Please note the arrangement of investment and/or unit linked annuities along with enhanced or impaired annuities is not available via our Self Select Services. These must be purchased via the Annuity Broking Service as a minimum.