Enhanced Annuity

To qualify for enhanced terms, your pension fund must be worth at least £10,000 after any tax-free cash has been taken.

The enhancement paid varies by the severity of the condition, but typically customers who do qualify could expect to receive an increase of between 1% and 29%.

• Sarah is aged 65 and has a pension fund of £25,000. She suffers from high blood pressure and has raised cholesterol. She chooses a Guaranteed Pension Annuity on a single-life basis with a five year guarantee. This gives her an income of £1,670.64. She didn't think she'd qualify for an Enhanced Annuity. We assessed her state of health and offered her £1,784.52 a year - an increased income of over 6.8%.

• Matthew is aged 65 and has a pension fund of £100,000. He chooses an Income Choice Annuity on a joint-life basis, whereby 50% of his annuity will go to his wife if he dies before she does. He wants to give his income the greatest potential for growth so he chooses the lowest starting income from within a range we give him. He asks for an Enhanced Annuity because he has chronic pulmonary disease and smokes 20 cigarettes a day. We assessed his state of health and offered him an income of £5,054 - an increase of more than 20%.

These examples are designed to represent a typical situation, and do not relate to any particular individual. You should not look upon this as financial advice or a recommendation of a particular course of action. You should consider your own circumstances fully, and may wish to consult a financial adviser to help you make a decision.

You may be able to get a higher pension income with our Enhanced Annuity if you suffer from, or have suffered from one of the following.

• Cancers including leukaemia, Hodgkin's disease, lymphoma.
• Kidney disease or failure.
• Heart conditions including heart attacks, heart bypass, angioplasty, angina, irregular heart beat.
• Diabetes.
• Stroke.
• Multiple Sclerosis.
• Alzheimer's disease.
• Parkinson's disease.
• Lung disease.
• Liver disease or complaint.

Lifestyle conditions: We will take into consideration conditions associated with your lifestyle such as smoking, high BMI, raised cholesterol and high blood pressure.

We also consider other conditions on an individual basis, but can only offer you an Enhanced Annuity at the time your annuity is purchased.

We are the number one provider of annuities in the UK.* Over one million people rely on us to pay their pension every year and in 2009 more than 100,000 people chose to buy their annuity with us.

Find out about the wide range of annuities we offer and why choosing an annuity with us makes sense.

*Source: Company New Business Press Releases 2010