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   Diabetes annuities
  Diabetes Annuity   "You can expect a higher rate
if you suffer from diabetes

If you suffer from diabetes the providers will enhance the rate when compared to the highest conventional annuity rates. This is particularly the case if you have insulin dependent diabetes and possibly other related medical conditions. For the most accurate quote it is important to include all your medical conditions.
  Diabetes enhancement   Annuity rates   Medical conditions
  General Practitioners Report      

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Diabetes enhancement
Following the introduction of the smoker enhanced annuity rates, in 1996 life companies introduced other common life style and medical conditions such as diabetes that have seen an increase in occurrence in the UK population.

There are different types of diabetes that carry different risks and this affects the enhanced rates offered. the three categories are as follows:

Diabetes controlled by diet;
Non insulin dependent diabetes;
Insulin dependent diabetes.

The highest risk is insulin dependent diabetes as this can result in related diseases of the kidney, eyes, heart and poor circulation. There are also degrees of insulin dependent diabetes requiring the individual to take insulin between one and four times a day, or more in extreme cases and this coupled with other medical conditions can decrease life expectancy and therefore increase the annuity rates offered by life companies.

Annuity rates table - diabetes
These rates tables are for annuitants suffering from diabetes. For other rates try;

standard single rates smoker single rates
standard joint rates smoker joint rates
impaired health rates with profits annuity rates
purchased life rates immediate needs rates
   Diabetes annuity rates - SINGLE life

The following pension annuity table is for a 60 year old male, showing the best diabetes enhanced open market option income for a compulsory purchase annuity, from a pension fund of £100,000, after the tax free lump sum has been taken and on a level basis. The annuity is paid in arrears on a single life and does not include a guaranteed period.

Diabetes enhanced annuity
  Annuity Type
Gross Income
  Diabetes enhanced annuity
  Standard highest annuity
  Standard lowest annuity
Annuity table - the annuity rate shown above is based on a purchase price of £100,000 and should be used as a guide only. For annuities specific to your circumstances you should complete the free annuity quote.

At retirement the individual can use a pension fund to buy an annuity and has 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.

Medical conditions
If you suffer from other medical conditions in addition to diabetes, you could be entitled to further enhancements offered from an impaired health annuity.

An individual may have suffered from a number of medical conditions in the past or at present that could mean he or she can qualify for enhanced or impaired annuities. Some of the conditions for enhanced rates are as follows:

Medical conditions for enhanced rates
  Regular cigarette smoker
  Heart Attack
  Chronic Asthma
  Multiple Sclerosis
  High Blood Pressure
  Cancer - lung, brest, bowel, pancreatic, liver
  High Cholesterol
  Digestive or Bowel Complaint
  Bladder or Liver Complaint

It may be necessary for the annuitant to have more than one of the above conditions before an enhancement is offered. The following table shows conditions required for the higher individual impaired rates:

Medical conditions for impaired rates
  Secondary malignant cancers
  Chronic heart disease
  Some primary malignant cancers
  Kidney disease with ongoing dialysis
  Chronic Lung Disease
  Stroke with ongoing support needed for normal daily living
  Multiple Sclerosis, permanent wheelchair support required
  Motor Neurone Disease
  Hodgkin's Disease
  Parkinson's Disease
  Alzheimer's Disease

This list is not exhaustive and when making an application for enhanced or impaired annuities it is important to state all medical conditions in order for the pension income to reflect the expected reduction in the annuitants life expectancy.

General Practitioners Report

Where the annuitant suffers from ill health and is applying for enhanced or impaired life pension annuities, it is common practice for the insurance company to request a General Practitioners Report (GPR). They do this to ensure that the details given in the application form are correct before paying the annuitant an income.

When people are younger and applying for life assurance the underwriters could find reason in the GPR to load the premium (increase) if they feel that your medical condition creates a higher risk, and this works against the individual.

However, with enhanced or impaired annuities the worse the medical conditions the higher will be the income paid to an annuitant. Where the individual is uncertain of the details of a medical condition because it occurred a long time ago, a GPR can clarify to the underwriters its severity.

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