Smokers Annuities - better annuities for smokers
If you smoke, it is possible that you will qualify for a smoker annuity which will provide a larger income than an annuity for a non-smoker. There are a number of companies that offer smoker's annuities. There is in fact, one company which only offers one product and that is annuities to people who smoke.
So provided you smoke at least 10 cigarettes per day, and have done so for the past 10 years, you will qualify for a smokers annuity, and this could mean a much bigger annuity than your existing pension company.
The annuity rate you get will depend on how much you smoke, and it needs to be cigarettes or tobacco. Pipe smokers and cigar smokers do not qualify on their own.
If you smoke and you also have had medical problems (even relatively minor ones) the amount of annuity you would get can be even higher through what is known as an enhanced/impaired life annuity.
As independent financial advisers we can search the entire annuity market on your behalf, and discuss all the options and answer any questions or queries you have. Contact us online or call us on 0800 011 2713 without obligation.
If you can't find the information you're looking for on the website, or you want to know more or have a question, or just want to chat through some details about your pension then please feel free to contact us, without obligation. Either contact us online or call 0800 011 2713.