enhanced annuity
enhanced annuity
Did You Know That if You Qualify for an Enhanced Annuity You Could Get Up to 40% More Income From Your Pension Provider?
Compare All UK Annuity Rates & Providers By Filling In The FREE No Obligation Form Below!
Note: Even if you don’t have a medical condition you may qualify for a higher annuity rate. Please fill in the form above to see if you qualify for an enhanced annuity rate!
Do I qualify for an Enhanced Annuity?
Shopping for the best annuity can be a truly daunting task which can take plenty of hours and a lot of research, which is why a lot of retirees simply go with the first annuity they are offered, which is usually the one from their pension provider.
If you do this, however, you miss the chance to get an enhanced annuity, which can give you an average of 22% higher rates or up to 40% more.
At EnhancedAnnuity.com, we understand that you want to get high annuity rates without having too spend too much time or trouble. In fact, we know you deserve it, which is why we have a team of independent financial advisers ready to help you out.
By filling up our no-obligation enquiry form, you can get the latest and most accurate annuity quotes from a financial expert – something that you won’t be able to get just by searching online – and you can also get advice on how to apply for an enhanced annuity.
Here is a basic overview of enhanced annuities.
Enhanced Annuity FAQs
What is an enhanced annuity?
Enhanced annuities are for people who are suffering from medical conditions or from lifestyle conditions that inevitably lead to medical complications.
Why are enhanced annuity rates higher than those of other types of annuity?
Annuity rates are determined mainly by the life expectancy of the investor, and since those who are sick have a lower life expectancy than those with a clean bill of health, the enhanced annuity rates are higher.
How is an enhanced annuity different from an impaired annuity?
Both enhanced annuities and impaired annuities work on the presumption that the investor has a short life expectancy, but the qualifications are different. Those with mild to moderate conditions can qualify for enhanced annuities while only those with severe cases, typically having only a few years to live, can qualify for impaired annuities.
What medical conditions qualify?
There are plenty of medical conditions that qualify for enhanced annuities, but these vary per provider so you will have to get a complete list from the one you are considering.
What lifestyle conditions qualify?
Usually, smoking, excessive alcohol consumption, obesity and raised cholesterol levels can qualify for enhanced annuities.
Do I need to go through a medical check-up?
Some providers will ask you to go through a medical check-up or submit medical documents to confirm your answers on the enhanced annuity questionnaire.
How will I receive my annuity payments?
Payments are usually paid into the investor’s bank account and can be made monthly, quarterly, twice a year or yearly depending on your own preference.
What will happen to my annuity after I die?
You have an option to add a death benefit to your enhanced annuity, which means the rest of your income can be paid off to your dependent after you die.
