Enhanced Underwriting - Case Studies

Ted

With a 30-a-day habit, its obvious Ted can qualify for a smoker annuity for which he could get a 20% enhancement over a typical annuity rate.
Dig a little deeper and Ted reveals he suffers from emphysema, has been hospitalised in the past, is on daily medication and his daily activities have been severely reduced. 

With enhanced underwriting based on the above, Ted’s case could qualify for up to a 39% enhancement over a typical annuity rate.

Scenario is based on a man aged 60 with a fund value of £40k. Quoted Single Life, monthly in advance, nil guarantee, level and no Value Protection. Correct as at 26/11/09. Typical annuity rate sourced from The Exchange 26/11/09.

 David

David is a smoker, averaging 10 cigarettes per day so would qualify for a smoker annuity. On further investigation it was established David is overweight and is also taking prescribed medication for high blood pressure and high cholesterol.

With enhanced underwriting based on these health conditions, accompanied by his smoking habit, David’s case could qualify for up to 34% enhancement over a typical annuity rate.

Scenario is based on a man aged 65 with a fund value of £40k. Quoted Single Life, monthly in advance, nil guarantee, level and no Value Protection. Correct as at 26/11/09. Typical annuity rate sourced from The Exchange 26/11/09.