Impaired life annuity and enhanced annuity sales continue to rise. UK sales of these types of annuities, which offer higher annuity incomes to people who suffer from ill health and to smokers, those likely to die prematurely, rose around 25% last year in a sign of their increasing popularity among retirees, according to a recent study. Sales of these products, known as impaired life annuities and enhanced annuities, rose to around £1.79 billion ($2.72 billion) last year, according to leading consultants Towers Watson.

These enhanced annuity products now account for about 17% of the UK pension annuity market, Towers Watson said, up from about 7.8% in 2001. 2009 was another record year for these enhanced annuity sales and means more consumers are benefiting from higher annuity incomes, said Towers Watson consultant Andy Sanders. Enhanced annuities were introduced into the UK in 1995, and are offered by companies including Aviva (was Norwich Union), Axa , Canada Life, Legal & General and also Prudential. Annuities offer retired individuals a fixed income for the rest of their lives in return for a lump sum paid on their retirement.

Are you eligible for higher UK annuity rates? Because many more people are eligible for higher annuity rates these days owing to the increasing number of factors now taken into account in the calculation of annuity rates, including: ill health, if you smoke, your lifestyle (weight, for example), and where you live. This is leading to more individual underwriting. See our new quick reference guide on the homepage.  

Ill health is one of the key factors for getting higher pension annuity rates, and the more severe the ill health, the higher those annuity rates. To illustrate the higher rates available there are some example quotes on the annuity rates pages of this website. Ill health, along with the other above factors, has an effect on your life expectancy, and, the shorter your life expectancy, the higher the annuity income, because the anticipation is that it will be paid for a shorter period of time.

You could increase your annuity income by up to 30%, or perhaps even more, and that means a higher income every year for the rest of your life. Find out if you might be eligible for higher annuity rates and how much that could mean to you. Don’t be one of the 40% of people at retirement who qualify for higher annuity rates, but don’t even bother to apply. We can help you achieve a better annuity income. Just contact us, and let one of our advisers help you discover just how much extra annuity income you might be eligible for. If you’re not eligible for these higher annuity rates, we’re confident we can obtain better rates than those from your current pension provider.

This is a brief guide to the best UK annuity rates. First we have standard annuity rates. These apply if you’re considered fit and healthy and you’re not a smoker, with the opportunity for higher rates for lifestyle issues, and where you live. We could find you annuity rates 20% higher than those from your existing pension provider. Then we have smoker annuity rates, which apply if you’re fit and healthy and also a smoker; with annuity rates varying depending on how much you smoke. These rates could be up to 20% higher than standard annuity rates; and even higher if you also have ill health.

Next on the list of UK annuity rates is enhanced annuity rates. These apply if you suffer from ill health, whether you’re a smoker or not; with much higher annuity rates for those more severe, possibly life threatening, medical conditions. These annuity rates could be up to 30% higher than standard rates, or possibly even more. In addition to this we have lifestyle issues which can effect annuity rates; whether you smoke, if you’re overweight and by how much, how much alcohol you consume, and what your previous occupation was whilst at work. Annuity rates could be around 20% higher, depending on the different issues involved.

We also now have postcoded annuity rates, postcode annuities, so now where you live can make a difference to the rates you’re offered. Postcode annuities result in those living in less wealthy areas getting higher rates than those living in more prosperous areas. These postcode rates could be 5% – 10% higher than standard annuity rates. More and more people are now eligible for these higher annuity rates. Various factors effect annuity rates offered. The more factors that apply the higher the annuity rates will be. Check if you’re eligible, because higher rates could be the best annuity rates for you, and could give a real boost to your retirement income.

More people are eligible for higher pension annuity rates these days. Here at rightannuity.co.uk we recognise one simple fact. You only retire once in your life; and it pays to get it right. Our aim is therefore to help you get it right, by finding you the best retirement income available. If you’re planning to retire shortly, we believe we can help you get the most from your pension fund. We can offer you some of the best annuity rates available, and advise you on arranging your annuity properly. 

You could increase your annuity payments by up to 30% if you’re eligible for higher pension annuity rates, and there could be many reasons why you might be eligible. Around 40% of people at retirement are eligible, but only a few bother to apply; the rest lose out financially. You could increase your annuity income by up to 30%, or more, and that means a higher annuity income every year for the rest of your life. Ill health is one of the key factors for getting higher pension annuity rates, and the more severe the ill health, the higher the rates. To illustrate the higher annuity rates there are available, in particular for those with ill health and for smokers, there are some example quotes on the various rates pages of this website.

More and more people are eligible for higher annuity rates owing to annuity rates depending on a number of factors. Higher annuity rates are becoming more widely available to retirees due to the increasing number of factors now being taken into consideration. In addition to ill health and smoking, lifestyle issues and where you live are now taken into account. Our task is to help you find out if you’re eligible for these higher annuity rates, and to find you the best rates available. For accurate advice and guidance contact us, and let one of our trained advisers help you.

Best UK pension annuity rates and lifestyle issues and why they matter. More and more people are now eligible for higher annuity rates these days, which can have a really positive effect on annuity incomes. The term lifestyle issues refers to various factors other than just ill health that are taken into account in the calculation of pension annuity rates. Owing to these various factors, and a move towards individual underwriting, even conventional standard annuity rates aren’t standard any more.

Might you be eligible for higher annuity rates if your lifestlyle issues are taken into account? Are you a smoker; if you are, how much do you smoke? Do you drink; if so, how much alcohol do you consume? Are you of average height and weight; or might you be greatly overweight, or perhaps obese? In addition, the following factors are considered: What was your occupation whilst you worked; perhaps it was of a more manual nature? Where do you live; postcode annuities are rated on where you live. All these factors effect UK annuity rates.

If you’re eligible for higher annuity rates make sure you provide your details and don’t miss out out on a better annuity income. As there are so many factors involved in the calculation of pension annuity rates the best way to get accurate quotes, advice, and guidance is to contact us, and let one our trained advisers help you. You might find that you’re eligible for much higher annuity rates. With around 40% of people at retirement being eligible for higher pension annuity rates, shouldn’t you find out if that includes you. Many more people who are considered fit and healthy and non-smoking are now becoming eligible for these higher annuity rates.