Health

You may qualify for enhanced annuity rates if you are in ill health or have had any previous illness or major surgery, which is likely to reduce your life span. These types of annuities can take longer to set up than normal, as correspondence between your doctor and the annuity companies will often increase the administration time by a few weeks.

If you take daily tablets for cholesterol or blood pressure you should qualify for an enhancement, further illnesses such as diabetes, liver impairment, heart conditions and many types of cancer, whether or not you are in remission should qualify. Some illnesses can result in a significant increase in your income.

As an example, Mr O contacted us to search for the best annuity rate on offer to him. His current pension provider offered a yearly income of £1,800, by simply contacting us and completing a medical questionnaire we were able to offer Mr O a yearly income of £2,299.44, an increase of £499.44 per annum for the rest of his life.

If you are including a spouses or partners pension, his or her health should be also assessed, because it may improve your income.

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. Should you want to discuss the possibility of an enhanced annuity please contact one of our Retirement Consultants on 0800 071 8111.