Impaired Health Annuities
Impaired Health Annuities
Impaired health annuities aim to provide a higher annuity income for those people who meet certain health criteria. In life assurance, poor health normally means that you are penalised, however, the opposite is true with annuities where poor health, and consequently decreased life expectancy, means that you enjoy higher annuity rates.
For example, impaired health annuities are available for smokers, those currently in poor health, those who have previously suffered from certain illnesses in the past or those who are significantly overweight.
The number of insurance companies offering impaired health annuities is growing rapidly and each application is individually underwritten to ensure that your full details are taken into account.
Impaired health annuities are available for both pension and non-pension annuities.
When considering impaired health annuities, it is important that you consult a suitably qualified adviser who can provide you with impartial advice. He or she will be able to look at the whole of the market so that you can be assured that you are obtaining the most competitive annuity rates for your circumstances.