Enhanced annuities
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Access to preferential annuity rates
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What is an
enhanced annuity?
Annuity providers
Compare the best rates the market has to offer from the UK's leading annuity providers.
How it works
Start your quote journey
Simply click 'Get Started' to begin your Money Service search for the best annuity quotes for your specific circumstances.
Tell us what you need
Fill out some simple and straightforward details about yourself, so that we can prepare your initial annuity quotes.
View the best rates
Get a personalised quote that's tailored to you, so you can compare your best annuity options.
Benefits and risks
Benefits
-
Secure income
With a lifetime annuity you can ensure you have a secure level of income for life, allowing you to budget more accurately. -
Enhanced rates
With an enhanced annuity, you could benefit from better rates and a higher income if you have qualifying medical conditions or lifestyle choices. -
Benefits for your spouse or partner
With an annuity, you could include benefits for your spouse or any nominated beneficiary on your death, if selected. -
No investment risk
You will receive a guaranteed income, which means there are no decisions to make about investments and no investment risk.
Risks
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Can't amend your annuity
It’s important to shop around for the best rate as once you have purchased your annuity, the contract typically cannot be changed. -
Value of your income may reduce
Inflation will reduce a level annuity over time and therefore reduce the real value of your future income. -
No option to invest
There isn't an opportunity to participate in future investments and therefore you won’t benefit from a growth in your pension fund. -
No death benefits for single-life annuity
A single-life annuity has no death benefits unless the appropriate option is included.
What customers say
Don't just take our word for it, hear what customers have to say...
Professional Service
My Annuity Specialists made it a very pleasant experience, with a professional service. Would recommend to anyone.
James Duckworth
Very Impressed
Very impressed with the service and wouldn't hesitate to recommend. My annuity specialists were both very professional and kept me updated each step of the way
Nigel Khan
10 out of 10
Very smooth and helpful. I was kept informed through the whole process. Also completed well within the expected timeframe. 10 out of 10 for service and information.
Holly Weston
Best value annuity
Secured me the best value annuity from my pension pot. Sorted all the organisation. The money started reaching my bank account at exactly the estimated time. The service was friendly, accurate, honest and helpful.
Tony Stamford
Better deal than I hoped for
Very pleased with the service and efficiency, and overall competence. Got a better deal than I hoped for and organised speedily with no hassle. Would recommend to anyone looking for a good deal.
Susan Walters
Better quotes than other agents
Plenty of advice given regarding different pensions available, and even spent time with me over enhanced quotes and better quotes than other agents.
Robert Newbold
Answering your questions
Still unsure of a few things? We've got you covered with a few simple answers to some of our most frequently asked questions.
An enhanced annuity simply pays a higher income, based on your health and lifestyle, if your annuity provider believes you have a reduced life expectancy. You can buy an enhanced annuity from the age of 55 by converting your pension fund(s) into a guaranteed, regular income for life. You don’t have to be retired - you could use it to top up your income.
Typically, around 60% of people qualify for an enhanced annuity after going through a health and lifestyle questionnaire. There are as many as 1,500 medical conditions and lifestyle choices that could qualify for an enhanced income.
Various health conditions could qualify for a higher income. When getting an enhanced annuity quote, you will answer a series of health and lifestyle questions, so you must be as honest as possible.
Examples of health problems that could qualify for an enhanced annuity include:
- Stroke
- Cancer
- Diabetes
- Heart attack
- Chronic asthma
- High blood pressure
- Kidney failure
- Multiple sclerosis
As well as health conditions, your occupation could also impact how much income you receive, for example, if your job involves a lot of manual labour or dealing with hazardous chemicals. You might also be able to get a higher income depending on your postcode and if you're overweight, or if you smoke regularly.
Although the income you receive will depend on your health, lifestyle, occupation and postcode, different providers also offer varying rates. Our selected annuity specialists help secure preferential rates on your behalf due to their trusted and long-standing relationships with the UK's top providers.
Our selected annuity specialists have established, trusted and long-standing relationships with the UK's top providers, which means they can help secure preferential rates on your behalf.
Our selected annuity specialists are so confident that you won't get a better deal elsewhere that they offer a Best Rate Guarantee. They'll send you a £250 M&S gift voucher if you receive a better annuity quote on a like-for-like basis from any broker or provider directly. Terms and conditions apply.
Use our Annuity Calculator to begin your search for the best annuity rates for you.
Get in touch
Call us today and a friendly annuity consultant will be on hand to help. Or request a callback and a member of the team will get in touch at a time that suits you.