Andy from Glasgow contacted Retirement Solutions (UK) Ltd after receiving a quotation directly from his existing pension company, as he was looking for an annuity quotation on the open market. After discussing his situation and set of requirements, we were able to explain his options in a clear and easy to understand way.
Due to Andy’s previous history of cancer, even though he was now fully clear of the condition, we were able to offer a substantial increase against the offer he had received from his pension company. As his existing pension providers did not offer enhanced (impaired) annuities, their offer was 38% lower than we were able to secure for him by using the open market.
The important thing to remember is that you do not need to be in ‘poor health’ to qualify for an enhanced annuity. You could benefit from an enhanced annuity simply because of the postcode area in which you live.
Industry sources suggest that nearly 60% of retirees could qualify for an enhanced annuity.