Are You in a Condition for Enhanced Annuities?

Due to certain medical conditions, some people may face a shorter life expectancy. However, this should not stop you from benefiting from a pension or retirement fund. Fortunately, there are enhanced annuities which specifically address this need. They come in the form of an enhanced annuity option.

Enhanced annuities work on the premise that people suffering from shorter life expectancies need to get and make use of their money sooner. Before it’s too late, your retirement income should be able to benefit you. Otherwise, it defeats the entire purpose of your getting some form of financial security.

As everyone knows well, serious medical conditions are not only physically debilitating. They can also be very financially draining. But if you qualify for something as particular as an enhanced annuity option, then it would make a whole lot of difference. By a lot, we mean hundreds to thousands of pounds or dollars to add to your retirement funds.

So before your health dwindles and your finances drain away, inquire if you’re entitled to enhanced annuities. They equip you with a higher pension income especially when you’re close to disability. They do cover a variety of medical conditions varying from the mild, to the moderate, to the severe.

As to what medical conditions are covered, let’s give you a list. Among the most common diseases which fall under this bracket are the following:

 Cancer
 Leukemia
 Lymphoma
 Hodgkin’s disease
 Multiple sclerosis
 Parkinson’s disease
 Alzheimer’s disease
 Lung disease
 Liver disease
 Kidney disease or renal failure
 Diabetes
 Angina or chest pain
 Heart bypass and angioplasty
 Other heart conditions such as irregular heart beat
 Heart attack or stroke

However, benefits such as enhanced annuities are not just immediately approved and granted. You have to undergo a screening of some sort to see if you qualify. Before your pension providers can formulate a quotation on annuity for you, they first have to make a comprehensive quote primarily on your life expectancy.

The annuity rates which will be offered to you will depend on certain factors. Specifically, you will be evaluated according to the contributing factors which have brought on your disease. Aside from inherited and underlying medical conditions, they will also look into your lifestyle conditions. Factors such as smoking, drinking, and substance abuse will be noted; so will high cholesterol, high blood pressure, and obesity. Watch it!


For information, help and independent financial advice on pension annuity call our specialist team of advisers or visit http://www.annuitysupermarket.com/enhanced-annuities/