Enhanced Annuity
An enhanced annuity could pay you up to 40% extra retirement income if you have certain medical or lifestyle conditions. You could receive even more income if you’re seriously ill.
Annuity income
- Over 1,500 different conditions can be considered, and they don’t have to be serious for you to qualify.
- How much annuity income you’ll be offered does depend on the precise nature and severity of your conditions.
- Examples of the extra income payable for various medical and lifestyle conditions are shown in the table below.
- Ask us for a quote today to discover just how much extra annuity income you might be entitled to.
| Medical or lifestyle conditions | Annuity quote | Additional annual income | |
| If you’re in good health and a non-smoker | £5,745 | N/A | N/A |
| If you have DVT, high blood pressure, and high cholesterol | £6,688 | + £943 | 16% more |
| If you have rheumatoid arthritis | £6,799 | + £1054 | 18% more |
| If you’re a regular smoker | £7,066 | + £1321 | 24% more |
| If you smoke, have high blood pressure and high cholesterol | £7,190 | + £1445 | 25% more |
| If you have breast cancer, which is spreading | £7,244 | + £1499 | 26% more |
| If you had a kidney transplant 3 years ago, high blood pressure | £7,463 | + £1718 | 30% more |
| If you have diabetes, high blood pressure, and high cholesterol | £7,844 | + £2099 | 37% more |
| If you have diabetes and retinothapy | £8,777 | + £3032 | 53% more |
| If you have lung cancer, having treatment with chemotherapy | £11,494 | + £5749 | 100% more |
| If you have lung cancer, which has spread to the bones | £15,538 | + £9793 | 170% more |
These annual incomes are for a 65 year old male, £100,000 pension fund after tax-free cash, level income, no guarantee. The percentage increases in income could apply to you irrespective of the size of your pension fund.
To obtain your free, no obligation annuity quotes you can enquire online, or call us free on 0800 0124 374. One quick free phone call from you can make all the difference. We’re here Monday to Friday, 9 am to 6 pm.
Finding out whether you might be entitled to enhanced annuity rates is easier than you might think. These simple questions will tell you if you could qualify:
- Do you currently suffer from ill health, or have you in the past?
- Are you a regular smoker?
- Do you now or have you ever taken prescription medication?
- Have you ever been hospitalised for a medical condition?
If you answer “yes” to any of these questions you could qualify for a higher retirement income. The more serious your medical condition(s) the higher your retirement income. Even if you’re in good health, you could get a higher joint income if your spouse can answer ‘yes’ to any of these questions. You can only get an accurate quote if you’re prepared to disclose full details of any medical or lifestyle issues.
Annuity rates
In the above table the annuity rate for the healthy life is dated April, 2012, and is taken as an average of the annuity rates published in the FSA’s annuity tables. The enhanced annuity rates are from MGM Advantage, dated January, 2012.
Annuity rates for enhanced annuities will vary between different insurance companies. We can get you the highest rates available by comparing enhanced annuity quotes from all companies.
If you have more than one medical or lifestyle condition, you could get even higher annuity rates. An estimated 40% of retirees could qualify for enhanced annuity rates, so it’s always worth checking. The difference to your retirement income could be substantial.
