Best pension annuity rates; possibly best with enhanced annuity rates. Many people approaching retirement don’t really know enough about enhanced annuity rates and the potential difference they might make to their retirement incomes. A good starting point is to understand who might be eligible for, and, indeed, entitled to, enhanced annuity rates. Just who are they appropriate for. Well, the good news, if you want to call it good news, is that if you suffer from ill health, whether mild or serious, take prescribed medication, or smoke, you could be eligible. It is probably the only time in your whole life that being ill or smoking could actually provide you with some sound financial benefit. And that financial benefit could be quite worthwhile.
But how much extra income can these pension annuity or enhanced annuity rates provide you with, I hear you thinking (clever, eh)? Well, for smokers it is possible to achieve enhanced annuity rates up to 30% higher than those on offer from your current pension plan provider. For people with ill health it is actually difficult to be precise, because higher annuity rates apply to people with more serious ailments, and depend on how severe the condition is. You could get rates 20% higher, or 30%, or 40%, or 50%, or more. You could even get annuity rates around 75% higher if you suffer from a particularly serious life threatening illness. If you think you might be eligible for enhanced annuity rates, speak with a specialist, they can assist you with finding the best deal.
