You can get higher annuity rates for ill health, smoking, and lifestyle, and we’ve plenty of examples on the enhanced annuity rates page of this website. Your medical condition(s) might not actually be shown, but you are able to get a good idea of the higher annuity rates you might receive in your retirement. Diabetes, for example, can result in annuity rates around 30% higher, asthma around 10%. There are actually over 1,500 medical conditions that can be considered for higher annuity rates. Examples: Alzheimer’s, angina, arthritis, blood pressure, various cancers, cholesterol, DVT, heart attack or stroke, heart disease, kidney complaints, liver complaints, Parkinson’s disease, and rheumatism.
You need to be prepared to fully disclose details about your medical condition(s) to get higher annuity rates. Have you had a health check recently? Did it reveal anything that might effect the annuity rates you’re likely to be offered? The average increase in annuity income from higher enhanced annuity rates compared to standard annuity rates is around 22%, so don’t miss out on what could be a significantly higher retirement income. And, annuity rates 50% higher aren’t uncommon for very serious medical problems.
