Some annuity providers offer an enhanced pension annuity or an impaired life annuity if you have a health problem, a long terms illness or if you are overweight or smoke. An enhanced annuity is used for minor illnesses, and an impaired life annuity is used for life threatening illnesses. Typical enhancements for a male aged 65.

7% for high blood pressure & cholesterol 12% for smoking 18% for an insulin diabetic

Health related enhancements
Relevant health problems may include; angina, angioplasty, cancer, chronic asthma, diabetes, heart attack, high blood pressure, multiple sclerosis, parkinson’s, stroke or any other problem that threatens to reduce your lifespan. Exact enhancements are linked to individual circumstances and are available for a pension annuity and a purchased life annuity.

Smoking related enhancements
If you have smoked ten or more cigarettes per day for the last ten years you will qualify for an enhanced smoker annuity. This enhancement is only normally available for a pension annuity.

Weight related enhancements
If you have a body mass index of 25 or more you are considered overweight, if it is higher than 30 you are classified as obese. Body mass index is not an exact measurement, but if you consider yourself overweight you may qualify for an enhanced pension annuity.

Occupation and location enhancements
Certain manual and blue-collar occupations and some postal districts within the country also qualify for enhancements. Very few providers offer this enhancement and it is only currently available for a pension annuity.

Activities of daily living
Based on an individual’s ability to perform a number of set daily activities; such as washing, mobility, dressing, etc. The more help an individual needs with daily activities the higher the annuity. This enhancement is available for a pension annuity and a long term care assurance annuity (nursing home fees).

Alternative options
Phased retirement and income drawdown plans allow you to structure your retirement income in a different way. These pension plans can provide favourable income tax and inheritance tax benefits and provide the opportunity to defer purchasing a pension annuity but still provide an income.

A with profit annuity offers a slightly different alternative to both a traditional pension annuity and income drawdown plans.

An impared life annuity can be set up as a traditional pension annuity to provide the security of a guarenteed life time income or combined with a with profit annuity to provide higher starting income.

To request a quote
Complete our online pension annuity quote form or call one of our specialist annuity advisers to request your free pension annuity quote. As an internet based firm of independent financial advisers we provide advice over the telephone, via email and through the post. Dealing with you in this way allows us to discount our commission to provide you with the very best pension annuity. We aim to provide impaired life and enhanced pension annuity quotes within 48 hours.

Help & advice
There are many different options to consider when choosing an appropriate impaired life annuity and it makes sense to take advice from a qualified pension annuity specialist who is independent and can offer you products and services from the whole of the market place. Please call one of our independent advisers or contact us to discuss the different options available to you and to request a quote for your impaired life annuity.