Opening Hours

Open at 9:00am on Monday

Opening Hours

  • Monday - Thursday

    9:00am - 8:00pm

  • Friday

    9:00am - 5:30pm

  • Saturday

    9:00am - 5:00pm

  • Sunday

    Closed All Day

Our Address

Key, Baines House,

4 Midgery Court, Fulwood,

Preston, PR2 9ZH


0808 156 2693

Enhanced annuities

An enhanced annuity pays you a higher income than a conventional annuity because of your health or lifestyle conditions.

What is an enhanced annuity?

You usually get penalised for being in poor health when buying financial products; through higher premiums or a worse deal. But with annuities, a health condition can work in your favour…

Enhanced annuities work on the assumption that your life expectancy is reduced if you have certain medical or lifestyle conditions. Annuity providers see you as someone that they'll have to pay for less time than someone in a better state of health. Therefore they compensate you by paying you a higher income, essentially using up your pension pot more quickly. This higher income is paid for life, even if your health improves or you change your lifestyle!

Do you qualify for an enhanced annuity?

You don't have to be seriously ill to qualify, your life expectancy will be assessed based on health and lifestyle conditions to ascertain the seriousness of your impairment. Remember to be completely honest about the degree of your illness! The uplift you’ll get depends on the seriousness of the condition, but even If you smoke, are overweight, drink alcohol regularly or take any prescribed medication you could qualify for enhanced rates and more income.

If you or your partner answer 'yes' to any of the following questions, you may well qualify.

  • Do you smoke?
  • Have you been diagnosed with high blood pressure, requiring ongoing medication?
  • Have you suffered a heart attack requiring hospital admission?
  • Have you been diagnosed with cancer (excluding skin cancer and benign tumours) requiring surgery, chemotherapy or radiotherapy?
  • Have you been diagnosed with Parkinson's disease?
  • Have you been diagnosed with Multiple Sclerosis?
  • Have you taken early retirement on the grounds of ill health?
  • Have you been diagnosed with diabetes, requiring insulin or tablet treatment?
  • Have you suffered from a stroke (CVA), excluding mini-strokes (TIA's)?

Tips to get the best enhanced annuity for you...

  1. Shop the whole market. There isn't a single 'best' provider for everyone which is why we get quotes from every enhanced annuity provider in the market.

  2. Be honest. Tell us everything about your health and lifestyle – don’t hold back or you could lose out.

  3. Tell us about your partner. You could still get an enhanced joint income even if you’re in fantastic health if your partner is in poor health or a smoker.

How much income could you get with an annuity?

Your annuity enquiry will be referred and serviced by our preferred partner, who will be able to offer you specialist annuity advice.

Try our free online annuity calculator for an instant quote.
Page last updated: Friday 03 July 2020