Lifestyle Issues
Certain aspects of your lifestyle can result in you being eligible for more retirement income.
Annuity income
You could qualify for a higher annuity income if you answer ‘yes’ to any of the following:
- Do you smoke? If so, how much do you smoke?
- Do you drink? Is your alcohol consumption above average?
- Are you overweight, or perhaps obese?
- Was your occupation of a more manual nature?
Disclose details about your lifestyle
If you believe that your lifestyle could lead to you getting a higher annuity income in retirement, it’s important that you provide us with full details – that way we can shop around for you to get you a better deal.
With around 60%* of people at retirement being eligible for higher annuity rates, shouldn’t you find out if that includes you? The difference in income can be quite significant. See the enhanced annuity page for examples. *Source, Just Retirement, November, 2011.
Retirement income
If you’re a smoker, a heavy drinker, or if you’re obese, you’re likely to have a shortened life expectancy. If a combination of factors apply, i.e. you’re overweight and a heavy drinker, it will reduce your life expectancy even more.
The shorter your life expectancy, the higher your retirement income, because the anticipation is that your annuity payments will be paid for a shorter period of time.
