We specialise in finding Non-Standard Life Annuities for customers with health problems.
Our customers found that, with our help, they were able to benefit from an enhanced income for the rest of their lives.
An impaired-life annuity may be appropriate for people who have a medical problem which may affect their longevity. As income from an annuity is affected by life expectancy, those with medical problems may receive an increased income by taking out an impaired-life annuity. Research has shown that up to 40% of people could obtain enhanced rates when they set up their annuity, yet only a tiny proportion of these people actually apply for an enhanced annuity rate.
Am I eligible for an ill health/enhanced annuity?
Simply being a smoker means you may qualify for an enhanced income. A qualifying smoker (upwards of 10 manufactured cigarettes or equivalent a day) can expect to receive an enhanced rate due to smokers having a lower life expectancy.
Ill-health annuities are based on medical conditions. Any conditions that are considered to be life reducing will be considered, but as a rule of thumb you will need to be on at least blood pressure or cholesterol tablets to generate a small enhancement. Even then, if you are of normal height and weight you may not qualify.
Any life-shortening conditions could provide enhancements however, some of the main condition/lifestyle factors that generate enhancements are:
- Chronic Obstructive Pulmonary Disease (COPD)
- Heart attack / heart conditions
- High blood pressure
- High cholesterol
- Organ replacement
- Stroke (or T.I.A)
- Currently smoke (an average of 10 cigarettes per day over 10 years)
- Taking any medication
To find out if you could qualify for an enhanced pension income, complete the enquiry form or call us to discuss your income needs.