In addition to standard (conventional) and smoker annuity rates, the following types of annuities could be considered.
| Type |
Description |
| diabetes annuity rates |
| |
You would qualify if you suffer from diabetes either
diet, tablet or in particular insulin based. |
|
| impaired annuity rates |
| |
Applies if you have suffered illness in the past such as
heart attacks, strokes, cancer or other serious
illnesses. |
|
| with profit annuity rates |
| |
May apply if you are prepared to take a higher
risk because you have more than one pension. |
|
| income drawdown rates |
| |
Suitable if you have £100,000 or more in a pension, alternative sources of income and can accept a higher risk. |
|
| purchased life rates |
| |
If you
have a lump sum in a bank account
and want a guaranteed income for life.
|
|
| immediate needs rates |
| |
If you
or an elderly relative is entering a residential
or nursing care home, this
can cap the total costs of long term care. |
|
| All rates shown are based on a limited number of annuity features and should be used as a guide only. It is important therefore that you shop around for an annuity specific to your circumstances. Use the following for a free annuity quote. |
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|
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Annuity notes:
The majority of people purchasing a pension annuity select the standard (conventional) rates or smoker rates for the highest income in retirement. If you suffer from diabetes or your health is impaired, these rates could be further enhanced by the underwriters.
For a number of annuitants that have other pension income, they may pre prepared to take greater risk for possibly higher return in the future and consider a with profits annuity or income drawdown plan. For those with a lump sum that want a guaranteed annuity, a purchased life annuity may be competitive when compared to a bank account. There are even annuities that could cap the cost long term care for an elderly relative.
At retirement you can use your pension to buy an annuity with
the option to use an open market option to search for the highest pension annuity. Once you have purchased an annuity it cannot be changed, so learn more about annuities, compare annuity rates and before making a decision at retirement, secure a personalised pension annuities quote offering guaranteed rates.
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