Higher annuity rates for kidney transplants, blood pressure, cholestrol, stroke, DVT, obesity, and liver problems, are available, as well as for many other medical conditions. And the increased income available could be up to 75% more than standard. Not a lot of people know that, but it’s true, and the more serious the medical condition the higher the annuity rates. Some actually call these special annuity rates, and I suppose they are in a way, because they bring about an increased retirement income to those who need it. The medical conditions mentioned are only a small number of the main ones that can be considered for eligibility for these rates, but there are over 1,500 conditions that can actually be considered. However, you really have to be prepared to disclose all you can about yourself and your condition(s). It is only by giving full disclosure that you can really get full benefit.
These increased annuity rates are available with an enhanced annuity or impaired life annuity contract, and these pay annuities much higher than the income you might get from your current pension plan provider. Having done a fair bit of research over the past weeks, I found that we potentially get higher retirement incomes, up to 75% higher, for those individuals unfortunate enough to be suffering from certain medical conditions (naturally the increase is not as much for less severe medical conditions). And why, I here you ask? Simply, it is because those individuals who have ill health will have a lower than average life expectancy, and therefore the annuity provider will make higher annuity income payments because they will pay out for less time. Interestingly, I found that we could even get individuals considered to be fit and healthy, of average height and weight, and non-smoking, around 15% more income. Well worth having?
