Annuity Supermarket » Impaired Annuities http://www.annuitysupermarket.com Just another WordPress site Thu, 02 Feb 2012 09:10:54 +0000 en hourly 1 http://wordpress.org/?v=3.1.3 Long Term Care Annuities http://www.annuitysupermarket.com/blog/annuities/long-term-care-annuities http://www.annuitysupermarket.com/blog/annuities/long-term-care-annuities#comments Sat, 24 Jul 2010 16:13:25 +0000 admin http://www.annuitysupermarket.com/blog/?p=306 Long Term Care Annuities can help people in the later years of retirement. Many people need help with activities of daily living such as washing, dressing, feeding, toileting, mobility and travel. Eventually you may need residential care or move into a nursing home. This care is generally referred to as long-term care and obviously will need to be paid for but the unknown factors are:

  • Whether you will need long term care
  • When you will need it
  • How much will it cost per annum
  • How long you will need to pay for it

Who provides Long Term Care Annuities?

A few specialist annuity providers have now developed long-term care annuity products because they recognise the suitability of an annuity as a way to meet the ongoing cost of long-term care.  The annuity payments can be made direct to the registered care provider, so the annuitant has no tax liability.

As usually the age of a person entering into long term is high, their life expectancy is relevantly short, which means the long term care annuity provider will be able to pay higher annuity rates. A the same time because of the age the retirees are also likely to qualify for aenhanced annuity rates, which will again lead to an improved annuity income.

Long-term care annuities are just one of the funding choices available to retirees entering long-term care. They are cost-effective, an excellent way of ensuring a guaranteed lifetime income to offset the cost of long-term care, and provide peace of mind.

If you are interested in providing for your long-term care, or if you wish to enquire on behalf of a friend, please complete our enquiry form or call our freephone number.

Post to Twitter Tweet This Post

]]> http://www.annuitysupermarket.com/blog/annuities/long-term-care-annuities/feed 0 Are you getting the best annuity rates? http://www.annuitysupermarket.com/blog/annuity-rates/are-you-getting-the-best-annuity-rates http://www.annuitysupermarket.com/blog/annuity-rates/are-you-getting-the-best-annuity-rates#comments Mon, 26 Oct 2009 04:47:58 +0000 admin http://www.annuitysupermarket.com/blog/?p=56 When purchasing an annuity you may be able to get the best annuity rates by considering if you qualify for enhancements.

Lifestyle Annuities

Lifestyle annuities take into account certain behavioral and environmental factors, as well as medical factors to determine if you have a reduced life expectancy. Any factor that may reduce life expectancy may be considered. These include smoking – 10 cigarettes, or the equivalent cigars or tobacco, a day for the last 10 years, obesity, high cholesterol, hypertension, high blood pressure and diabetes.

Enhanced Annuities

Enhanced annuities pay out more than lifestyle but not as much a fully impaired annuity as they are designed for those with a reduced life expectancy but to a lesser degree than a fully impaired annuity.

Impaired Annuities

An impaired life annuity pays an even higher income for those who have significantly lower life expectancy. The insurer will require a medical report from your doctor (no need for you to have a medical examination). Medical conditions such as; heart attacks, heart surgery or angina, life threatening cancers, major organ diseases e.g. liver or kidney and other life threatening illnesses such as Parkinson’s and strokes will be considered.

Get Quotes

To get the best annuity rates visit www.annuitysupermarket.com call 0800 043 0725

Post to Twitter Tweet This Post

]]> http://www.annuitysupermarket.com/blog/annuity-rates/are-you-getting-the-best-annuity-rates/feed 0