An Enhanced Annuity (also known as an Impaired Life Annuity) often pays a higher income as life expectancy is perceived to be lower. To obtain a quote today, enter your details in the Enhanced Annuity form below.
Smokers or those diagnosed with some medical conditions can benefit from an Enhanced Annuity. Read more about Enhanced Annuity and Enhanced Annuities here.
For more information about your retirement options click here – Your Pension choices (PDF: 537KB)
More about Enhanced Annuity
Enhanced Annuity offer a potentially larger increase to your pension income. Where you have developed one or more medical conditions, and the more serious your condition(s) the more we could be able to offer you. Read more about Enhanced Pension Annuities here.
As with a conventional annuity, an enhanced annuity pays a known and guaranteed income for the rest of your life. This income is paid by your chosen insurance company in exchange for the capital that you have built up in your pension fund.
The level of income you receive is based on the size of your pension fund, your age, gender, the options that you choose at the outset, your health and your lifestyle. Individuals who take prescribed medication, have or have had known medical conditions could qualify for a higher annuity rate due to what many insurance companies perceive as a shortened life expectancy.