Enhanced annuity is a great pension option for people that suffer from any pre-existing health conditions or bad lifestyle habits, to allow for an increased pay out when it comes to pension time. If you lead an unhealthy lifestyle or have any underlying medical conditions then you are considered by the pension companies to require a shorter pay out time. They may then, depending on your condition, offer you a larger pay out sum.
If you suffer from health conditions such as heart disease and obesity, or you put yourself at health risks by smoking or drinking heavily or if you have a high BMI or blood pressure readings, then you could be eligible for enhanced annuity, allowing you a better pension pay out. If you are suffering from a medical condition then you could be eligible for hundreds or thousands of pounds in extra pension money.
To qualify for enhanced annuity you need to have one of the 1500 health conditions that fall under the enhanced annuity bracket - you could have one of these now and not know about it. You could be among one of the 40% adults that can qualify for an additional pension pay out and who never claim it as they are not aware they can apply. People who fall into this category could receive an extra pension pay out up to 40% more than they would usually get.
For people suffering from more severe, life threatening illnesses enhanced annuity might not give them the pay out they are looking for and they might therefore be eligible for impaired life annuity. These pay outs are higher than the enhanced annuity pay outs and work on the principle that you will need them again for a shorter period of time.
A minimum current pension pot of 10,000 is usually required to qualify for enhanced annuity and this amount will change depending on your provider. Buying enhanced annuity can be done with either your pension fund or you can use your own money to put towards it.
If you suffer from health conditions such as heart disease and obesity, or you put yourself at health risks by smoking or drinking heavily or if you have a high BMI or blood pressure readings, then you could be eligible for enhanced annuity, allowing you a better pension pay out. If you are suffering from a medical condition then you could be eligible for hundreds or thousands of pounds in extra pension money.
To qualify for enhanced annuity you need to have one of the 1500 health conditions that fall under the enhanced annuity bracket - you could have one of these now and not know about it. You could be among one of the 40% adults that can qualify for an additional pension pay out and who never claim it as they are not aware they can apply. People who fall into this category could receive an extra pension pay out up to 40% more than they would usually get.
For people suffering from more severe, life threatening illnesses enhanced annuity might not give them the pay out they are looking for and they might therefore be eligible for impaired life annuity. These pay outs are higher than the enhanced annuity pay outs and work on the principle that you will need them again for a shorter period of time.
A minimum current pension pot of 10,000 is usually required to qualify for enhanced annuity and this amount will change depending on your provider. Buying enhanced annuity can be done with either your pension fund or you can use your own money to put towards it.
No comments:
Post a Comment