Annuity Supermarket » Enhanced Annuities

Are you eligible for enhanced annuities?

admin — Sat, 24 Jul 2010 07:50:47 +0000

When you reach retirement you may qualify for enhanced annuities which can give you up to 30% more retirement income. You do not have to be in poor health to qualify for enhanced annuities, you can qualify for lifestyle as well as health.

What lifestyle factors qualify for enhanced annuities

These are some of the lifestyle factors that qualify for enhanced annuities. Depending on the severity of them will determine the enhancement of annuity rates you will get. These are only a few of the many that can qualify.

Height and Weight
Postcode where you live in the country
The amount of alcohol that you drink and what type of alcohol you drink
Smoking and how many each day, what you smoke (cigarettes, tobacco or pipe) and how long you have smoked for to qualify for smoker annuity rates.

Annuity providers have many years of data to understand what lifestyle issues can affect life expectancy. It is life expectancy that determines the annuity rate you get. If an annuity provider has to pay out the annuity for what they believe will be a shorter time than average then they will give a higher annuity rate.

There is much evidence in the public domain that indicate that smoking and alcohol in particular reduce life expectancy.

Enhanced Annuities – Do You Qualify?

admin — Tue, 18 May 2010 05:41:09 +0000

We are often asked this question. The simple answer is that around 40% of people who purchase an annuity at retirement could qualify for enhanced annuities. Some reports suggest it could even be as high as 60% that could qualify.

How do you find out if you qualify for Enhanced Annuities?

Ideally you need to consult with an independent annuity specialist. The specialist will complete a medical information form that asks questions about the medication you may be taking, the number of units of alcohol that you consume, your height and weight and also if you have been hospitalised for any medical conditions. The information collected will allow the annuity specialist to check if you qualify for enhanced annuities. The difference to your income could be quite significant if you do qualify for enhanced annuities.

Do I have to go for a medical?

The answer to this question is normally ‘No’ , however, many of the annuity providers will write to your doctor or consultant to verify the information that you provided in the medical information form you completed to check if you qualify for enhanced annuities.

How long does it all take?

The majority of the annuity providers process your application immediately, they will do any checks they require while the application is being processed so there is no need to worry about a delay in your retirement income. Of course the difference in retirement income could be very significant if you do qualify for enhanced annuities so it would be worth the wait.

Annuity Enhanced Pension For Smokers

admin — Wed, 07 Oct 2009 06:24:32 +0000

For those who smoke at least ten cigarettes a day (or 85 grams of rolling tobacco per week) and have done so for at least the last ten years this has an effect on their life expectancy. This can be taken into account to give a bigger annuity.

Spot checks and in some cases doctors’ reports to verify the smoking information provided in the application.

For advice and quotes contact Annuity Supermarket on 0800 043 6701

Enhanced Annuity Rates – Check if you qualify

admin — Mon, 14 Sep 2009 06:16:12 +0000

If you can answer yes to any of the following questions you may be able to obtain a higher income:

Do you regularly smoke cigarettes?
Do you take regular medication?
Have you ever been hospitalised for a medical conditions

If you have answered yes to any of the above questions, we will check if you qualify for special annuity rates.

Estimated up to 40% qualify for enhanced annuity rates

Examples of some of the conditions that may qualify

cancer
heart conditions
diabetes
asthma
obesity
high blood pressure
organ transplants
stroke
liver disease
alzheimer’s
chronic lung disease
kidney disease
multiple sclerosis
Parkinson’s Disease
or a disease of the central nervous system.