After being diagnosed with a condition which could potentially reduce your life expectancy or quality of life, the first thing you want is peace of mind. A higher income from your pension annuity would help cover any necessary expenses, giving you one less thing to worry about so you can focus on your treatment and being with your family.
Should you be unfortunate to suffer from any of the following health problems, it is likely you are entitled to a higher income, sometimes referred to as an enhanced annuity;
- Heart attack
- Multiple Sclerosis
- High blood pressure
This is not an exhaustive list and in addition, certain prescription medications entitle you to a higher rate, so consult with your provider to see if you are eligible.
Depending on your profession, your provider may pay you a higher rate. For example, if you worked in manual labour, heavy industry or even certain parts of the country, you may be entitled to a higher rate.
If you are a heavy smoker or drinker, this may also push up your income but this is dependent on your chosen provider. When researching pension annuity providers, be sure to find one which best suits your needs.