Site Index
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
An enhanced annuity is a type of lifetime annuity, one that could increase the amount of annuity income payable to you if you suffer from ill health, if you smoke, if you’re overweight, or if you have ever been hospitalised for a period because of a medical condition.
Why should you choose an enhanced annuity
You could get a higher income for the rest of your life
Statistically most people will be in their retirement for more than 20 years. You get a better annuity rate than with a standard annuity because statistically people with certain medical conditions and lifestyle conditions have a shorter life expectancy than those who don’t. An estimated 40% of retirees could qualify for an enhanced annuity rate, so it’s always worth checking.
Even the lightest impairments are considered, and you could receive a higher annuity income for the rest of your life. You could be in retirement for many years, so it all adds up.
An enhanced annuity also guarantees to pay you a regular income for life, so it really is a low-risk option.
Enhanced annuities may pay out a lot more than standard annuities, with the average additional annuity income standing at around 22%.
There are over 1,500 medical conditions that can be considered for enhanced annuity rates, far too many to attempt to mention. The message is that if you have a medical condition, mild or more serious, you could well be eligible for enhanced annuity rates, and it’s well worth enquiring. Enhanced annuities are well worth taking advantage of.
Examples of medical conditions that can be considered: Alzheimer’s, arthritis, asthma, blood pressure, various cancers, cholesterol, DVT, diabetes, heart disease, kidney complaints, leukemia, liver complaints, organ transplants, Parkinson’s, and rheumatism. See ill health for further details.
An enhanced annuity or an impaired life annuity?
Similar types of annuities
An impaired life annuity is similar to an enhanced annuity and brings about significantly higher annuity incomes for people with more serious forms of ill health that are deemed to be life threatening.
Three simple questions
It’s easy to tell if you might qualify for enhanced annuity rates
An enhanced annuity is designed for people with medical or lifestyle conditions that can potentially reduce life expectancy. Finding out whether you might be entitled to enhanced annuity rates is easier than you might think. Three simple questions will tell you if you could qualify:
■ Are you a regular smoker?
■ Do you now or have you ever taken prescription medication?
■ Have you ever been hospitalised for a medical condition?
What to do next
Further details
If you answer “yes” to any of the three questions above you will need to provide details of any medical condition(s) you suffer from, and any medication you are taking, or your smoking habits.
We can assist you further with a dedicated telephone underwriting service, immediate accurate (i.e. not just indicative) annuity quotes, and also a 45 day quote guarantee period for enhanced annuities and impaired life annuities.
Should you wish to make an enquiry regarding an enhanced annuity for ill health or smoking, please see the enhanced annuity enquiry page.
Example quotations
See the higher incomes available
Take a look at the example quotes on the enhanced annuity rates page of this website, or, if you are a smoker, on the smoker annuity rates page. They illustrate clearly the higher annuity incomes available for enhanced annuities.
