Enhanced Annuity

 
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Enhanced Annuity

An Enhanced Annuity or Impaired Health Annuity pays a higher income for those with medical conditions and also for those with a smoking or drinking lifestyle such that it may reduce their life expectancy.

You may qualify for an enhanced annuity if you:

  • Smoke
  • Take prescription medication
  • Have been to hospital recently because of a medical condition

The amount of extra income depends on your actual state of health or your lifestyle. Simple medical conditions that we take for granted as we get older can qualify for an enhanced annuity; such as being overweight, having high blood pressure and/or high cholesterol.

If you have the information yourself there is no need for a doctor’s appointment. Sometimes the insurance company will write to your doctor to request more information, or to check that you have provided the correct details.

FOUR RETIREMENT OPTIONS

Pension from age 55

You can access your private pension/s after your 55th birthday as long as it is from a UK source. How you take your pension will depend on the type of pension scheme your money is invested in.

Cash from pension

Are you looking to take just the cash from a pension – sometimes called Tax Free Cash or Pension Commencement Lump Sum There are a number of options on how to take cash from your pension.

What is an Annuity?

An annuity is an income for life and it stops when you die – so it is important to get the most value out of your pension fund when buying your annuity. There are many options/styles of annuity.

Enhanced Annuity

An Enhanced Annuity or Impaired Health Annuity pays a higher income for those with medical conditions and for those with a smoking or drinking lifestyle that it may reduce their life expectancy.

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Pension assessment

This is where we carry out an assessment of your existing pension plan/s and forecast your benefits to retirement. We will then be able to advise whether you have sufficient savings to meet your needs.

Let's retire

Are you ready to start taking your pension benefits? We can help you to understand and consider all the options available to you at retirement and steer you through the process and help you choose the most suitable option.

Workplace pension

Struggling to attract and retain the right staff? Finding it hard to ‘talk pensions’ to your employees?
We can provide a scheme review and audit as well as helping you to communicate the pension scheme.

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