An annuity gives an individual a secure income in retirement and the rates given are based on life expectancy. Should you suffer from adverse health, you may receive improved rates.

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Enhanced annuity

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This type of annuity offers highers rates should you have a medical condition or have a lifestyle that might affect your health for example smoking.

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Impaired Annuity

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This type of annuity offers higher rates should you have a medical condition that would shorten your life span.

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Short term annuities

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An individual is entitled to purchase a short term annuity typically a maximum of five years, with a proportion of their pension and leave the remaining fund invested. It must be purchased using funds held in either capped or flexi-access drawdown.