Posts Tagged ‘Lifestyle Annuities’

Are you eligible for enhanced annuities?

Posted on Saturday, July 24th, 2010 in Enhanced Annuities

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.

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This is filed under: Enhanced Annuities
Added on Jul 24, 2010 by admin | Comments 0

Are you getting the best annuity rates?

Posted on Monday, October 26th, 2009 in Annuity Rates

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

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This is filed under: Annuity Rates
Added on Oct 26, 2009 by admin | Comments 0

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