40% of consumers eligible for bigger pension says BOSAS

Those qualifying for an impaired life annuity because of illness can get up to 39% more, which for a pension fund of £100,000 could result in up to an extra £2,500 each year, it says. When buying a conventional annuity providers use standard rates to estimate how much pension income they will offer to an individual in retirement based on life expectancy. But, impaired life or enhanced rate annuities are available to those suffering with a number of medical conditions, including ongoing conditions such as diabetes, high blood pressure and high cholesterol as the assumption is that life exp...