Just Retirement, a provider of enhanced annuities, has announced that as part of its ongoing Campaign for Better Annuities, it has extended the range of conditions that qualify for enhanced annuity rates.
The enhanced annuity rates will now be available to clients who suffer from relatively mild medical conditions such as angina, asthma, controlled hypertension and rheumatoid arthritis.
The company has announced that following extensive analysis of data compiled over a number of years, Just Retirement’s assessment process is now able to give extra credit for the most serious and life-threatening illnesses and combinations including later-stage cancers, cardiac conditions and organ transplants, as well as complicated combinations of moderate and chronic illness.
Often clients with these more serious or complex conditions have to endure the drawn out process of applying for an impaired annuity, where medical reports are requested and where there is a long wait while the insurer makes their assessment. Such conditions can now be assessed immediately using Just Retirement’s unique enhanced annuities assessment tool, based on the information provided by the client.
Nigel Barlow, head of Retirement Income Solutions commented: This is altogether, a faster, easier, less stressful route towards a better annuity rate for both the client and IFA. From the IFA’s point of view, it means the opportunity to advise more clients more quickly, helping them to achieve the best possible annuity income for their clients in the most efficient way.