Just Retirement's total sales rose 25% to £387m in the second half of last year, according to the group's half year results.
The provider’s annuity sales rose 15.5% in the second half of 2007 to £313.1m after the group extended its underwriting conditions to cover severe levels of impairment and mild ailments.
Mike Fuller, chief executive officer of Just Retirement, says the move enabled the company “to offset largely the impact of a proportion of consumers temporarily deferring decisions to annuitise against the background of a constant stream of adverse financial news".
Meanwhile, enhanced annuity sales rose £42m to £313.1m while equity release sales rose £35.4m to £73.9m.
Fuller says: “Our self-funding capability has enabled us to capture a healthy upturn in equity release applications, which should stand us in good stead during the final months of the financial year.”
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