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.