How to Qualify for Enhanced Annuity Rates

Enhanced Annuity Rates Guide…

Enhanced annuity rates can be anywhere from 2% to 40% higher than standard life annuity rates, simply because those who are suffering from a medical condition are not expected to live as long as those who are fit as a fiddle.

You cannot simply purchase an enhanced annuity, though, just like you can do with a life annuity. Rather, you will have to apply for it and pass the qualifications.

Here are the basic steps to qualifying for enhanced annuity rates:

1. Use your Open Market Option.
Pension providers normally offer just a life annuity so if you want to avail of an enhanced annuity, you will have to shop around for another provider, preferably one that specializes in annuities, which is called utilizing your Open Market Option.

In fact, even if you are in perfect health, it is recommended that you use this option to find better rates and providers rather than just sticking it out with your pension provider.

2. Seek help from a financial adviser.
The financial market can be a confusing one, full of complicated jargons and fluctuating numbers, which is why it is better to have a financial expert to guide you.

By filling up our no-obligation online form, we can help you reach a financial adviser who will provide you with accurate quotes of enhanced annuity rates, help you find enhanced annuity providers and guide you throughout the process of applying for an enhanced annuity.

3. Choose an enhanced annuity provider.
There are plenty of providers available, so you will have to narrow down the list with the help of your financial adviser by finding out which ones have the most financial stability and can truly cater to your needs.

4. Request for an enhanced annuity questionnaire and fill it up.
This is the most important part of qualifying for an enhanced annuity. Depending on how you fill up the questionnaire, your application can be rejected or accepted, and your enhanced annuity rates can be less than 10% or higher than 30%.

Be sure to answer all the questions truthfully, keeping in mind that annuity companies can easily investigate if you are telling the truth, and answer them in detail, as well.

5. Provide all the medical data necessary.
Some companies will ask a comprehensive medical report, which of course, you should be prepared to accomplish. Some will also ask you to provide documents regarding previous surgeries and treatments, as well as previous clinical test results.

Please fill up our no-obligation enquiry form and see if you qualify for enhanced annuity rates.

• Enhanced Annuity Questionnaire – Sample Questions (0)