More People Can Qualify for Extra Annuity Income for Life Says Legal & General

Enhanced annuity rates and income is available based on five common lifestyle health risks

(firmenpresse) - LONDON, UNITED KINGDOM -- (Marketwired) -- 04/29/13 -- Recent research suggests that customer awareness of pension annuities in the UK is continuing to grow. More people are aware that a pension annuity converts their pension fund savings into an income for life, more people are aware of their right to and more people know that they could qualify for extra income for life based on their health issues.

Many are still unaware however, that they could qualify for extra income from their annuity without having suffered from a serious medical condition. Extra income is also available for lifestyle health risks like Smoking, weight, high blood pressure, high cholesterol and diet controlled Type 2 diabetes. As Tim Gosden, Head of Strategy for Individual Annuities at explains, this means that more people could qualify for 'enhanced' annuity rates and income than ever before.

"The lifestyle health risks that could qualify for Legal & General's Annuity Plus rates are very common in the UK:

Association of British Insurers (ABI) figures published in 2012 show that under 20% of annuities sold in 2011 were enhanced rate annuities, where extra income was provided based on the individual's health. Whilst this represents a 5% increase from 2010, many annuity customers are continuing to miss out on extra income as a result of not shopping around for the best offer."

Note to readers and editors

This article is intended for consumers.



Contacts:
Legal & General Annuities
Timothy Gosden
01737 375 289

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Bereitgestellt von Benutzer: Marketwired
Datum: 29.04.2013 - 08:30 Uhr
Sprache: Deutsch
News-ID 253656
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LONDON, UNITED KINGDOM

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Insurance

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