ENHANCED ANNUITIES - ANNUITY QUOTES
Enhanced Annuities
Picking a good-value pension annuity rate could give your pension a significant lift.
If you can answer yes to any of the following questions you may be able to obtain a higher income:
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Do you regularly smoke cigarettes?
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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.
Enhanced or Impaired Annuity Rates - Quote Comparisons
Estimated up to 40% qualify for enhanced annuities
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.
Annuities Explained
An annuity converts a lump sum (usually a pension fund) into a regular income that will last as long as you live. The income is taxable and the amount that you get each year will depend on the size of your fund, the best annuity rates the annuity company offers, your gender, age and health, and the type of annuity that you opt for.
You are allowed to take up to a quarter of your pension fund as a tax-free lump sum and most convert all of your remaining pension fund into an annuity before the age of 75.
Which Annuity?
Most people opt for a conventional lifetime annuity, but there are several options to pick from. The best annuity rates can have the following options:
* Level annuity Your income will stay the same each year irrespective of inflation.
* Increasing annuity This can either match inflation for the rest of your life or rise by a specific percentage each year.
* Guaranteed annuity This will continue to pay out for a time to a nominated individual if you die soon after retiring.
* Joint-life annuity A joint life annuity gives your partner some or all of your continuing income if they outlive you.
* Investment-linked annuity If you have a larger pension fund, you may prefer to invest it in the stock market. This means that your annual income could go down as well as up.
Check if you qualify for Enhanced Annuities