23 September 2010
According to research from annuity specialist Just Retirement,
up to 65 per cent of eligible retirees could be missing out on
bigger annuity payouts because they are unaware that their medical
conditions qualify them for an enhanced or impaired life
annuity.
Nigel Barlow, head of retirement at Just Retirement said: "The
sophistication of underwriting by enhanced annuity providers has
improved dramatically over the past six years or seven years to
take into account more combinations and lower levels of conditions.
Many of these people might now qualify if they only knew about
it."
