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Annuity RatesWhether you’re fit and healthy, suffering from poor health, overweight or a smoker, we’ll find you a higher annuity income for your retirement.
Annuity OptionsYou can add various options to your annuity to tie in with your personal circumstances. Click here for details of the options that might apply to you.
Annuity TypesIt’s important that you select the right type of annuity for your requirements. Click here for details of the various annuities available.
Enhanced Annuity Rates
Up to 40% more retirement income if you suffer from ill health
You could be eligible for enhanced annuity rates if you currently suffer from ill health, or if you have in the past. The more serious your medical condition(s) the higher the annuity rates.
The annuity quote offered by your current pension company won’t take into account your state of health, and you could be significantly better off buying your annuity from us.
Click on the annuity calculator to obtain a free personalised annuity quote.
Depending on the precise nature of any medical condition(s) you could get substantially more than the figure shown.
To illustrate just how much extra annuity income you could receive if you suffer from ill health, see the following cases study examples for individuals suffering from various medical conditions, both mild and more serious.
Case studies are for 65 year olds, based on a £50,000 pension fund, level income, without guarantee.
| Male | Female | |||||
| Medical condition | Standard quote | Enhanced quote | Percentage difference | Standard quote | Enhanced quote | Percentage difference |
| Rheumatoid arthritis. Needing help with most activities of daily living | £279 | £335 | 20% more | £265 | £319 | 20% more |
| Kidney transplant 3 years ago. On medication for high blood pressure. | £279 | £368 | 32% more | £265 | £345 | 30% more |
| Breast cancer. Spread to lymph glands. Radiotherapy treatment. | £279 | £357 | 28% more | £265 | £360 | 28% more |
| Pancreatic cancer. Spreading, currently on chemo and radiotherapy. | £279 | £752 | 170% more | £265 | £706 | 166% more |
| Heart arrhythmia. On medication for high blood pressure and cholestrol. | £279 | £338 | 21% more | £265 | £317 | 20% more |
| DVT. Medication for high blood pressure and cholestrol. Previous DVT’s. | £279 | £332 | 19% more | £265 | £312 | 18% more |
Your medical condition(s) might not be shown, but you can get a good idea of the higher annuity rates available. Whilst not in the table diabetes can result in annuity rates up to 30% higher, asthma up to 10%, depending on the nature of the condition.
There are over 1,500 medical conditions that can be considered. Examples: Alzheimer’s, angina, arthritis, asthma, blood pressure, various cancers, COPD, cholesterol, DVT, diabetes, heart attack or stroke, heart disease, kidney complaints, leukemia, liver complaints, organ transplants, Parkinson’s, and rheumatism. See ill health for further details.
Additional information
Be prepared to fully disclose your medical condition(s) to get the best annuity rates.
The average increase in annuity income from enhanced annuity rates compared to standard rates is around 22%.
Annuity rates 50% higher aren’t uncommon for more serious medical conditions.
These annuity rates were obtained from MGM Advantage and from the FSA’s annuity tables, July, 2010.
You can choose the following options for your annuity
An annuity with a 3% per year increasing income. Income will start at a lower level but will go up 3% each year.
An annuity that increases by RPI each year. This will combat inflation, but the income will start at a much lower level.
A guarantee period. The annuity income will be paid for the selected time period, even if you die before then.
A joint life annuity. This will pay a proportion of your annuity income to your spouse or partner should you die early.
If the above income options are of interest, you can see example costings on the standard annuity rates page.
