Enhanced conventional annuity

The most common “lifestyle” that can improve the standard annuity rate is smoking, typically 10 cigarettes a day and regularly smoking for at least 10 years. Being overweight is another typical lifestyle condition.

The annuity rate is also enhanced if you have a less serious illness, such as diabetes, or high blood pressure, or a heart complaint – typically something where the life expectancy is affected, but not greatly.

Are you taking any regularly prescribed medication? This is a good clue that you might be entitled to an enhanced annuity.

Most providers try to keep underwriting to a minimum, without the need for medicals.

Other than the increased income, the advantages and disadvantages are the same as with the standard annuity.

Now a much simpler process

For us to explore the possibility of an enhanced annuity either the option 2 or 3 service will be appropriate. The process is now much easier than it was previously, as the major providers of enhanced annuitieshave agreed on just one form that needs completing to enable each company to provide an accurate quotation based on the same information about you.

The participating companies are:

- Canada Life
- Just Retirement
- Legal and General
- LV=
- MGM Advantage
- Norwich Union
- Partnership
- Prudential
- Scottish Widows

Get in touch with us now and we can email the enhanced annuity form to you for completion, after which we can start exploring whether and to what extent we can increase your annuity income.

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