Investwise Group’s Enhanced Annuity Campaign.

You only make an annuity decision once, so it is vital to make the best choice and the number of options when you are retiring can be quite daunting. We can help. 

 

We aim to ensure that anyone retiring ends up with the best annuity for them, having taken into account financial, individual and family circumstances.

 

 

Standard annuities are based upon the average life expectancy and the sexes differ as women, on average live longer than men. This is fair for those in good health but not necessarily for those with current or past health issues. If you have, or have had, heath issues it is vital and very much in your financial interest, to explore whether your condition qualifies for an enhanced annuity or an impaired annuity. 

 

Enhanced annuities pay a higher income because an allowance is made for any medical conditions which might reduce life expectancy. These include smoking -10 cigarettes (or the equivalent cigars or tobacco) a day for the last 10 years, obesity, high cholesterol, high blood pressure, diabetes and many others.

 

Impaired health annuities pay an even higher income for those who have significantly lower life expectancy. The impaired annuity provider will require a medical report from your doctor (there is 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. 

 

The income from an enhanced annuity can be up to 30% higher than that offered from a standard annuity.

 

The income from an impaired health annuity can be 50% or more above the income from a standard annuity.

 

It is estimated that 40% of retirees qualify for an enhanced or impaired annuity but only 6% apply for one.

If you can answer yes to one or more of the medical questions below, you could qualify for an enhanced annuity or an impaired annuity.

  1.                  Do you smoke?
  2.                  Do you, or have you ever, taken prescription medicine?
  3.                  Have you ever been hospitalised for a medical condition?
  4.                  Do you have any permanent medical condition?  

Please note, the information provided does not constitute advice. You should contact us to arrange a financial review should you require any further information. 20/05/2008.