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Smoking Annuities
Comments
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Most smoker annuities state that you have to have smoked for 10 years with no break, and sometimes they do a swab test, I work for an IFA and I have seen this happen. How much alcohol do you drink? There are companies who use this as a niche market and offer enhanced annuities for people who drink over 35 units of alcohol per week, again they may very well check this out via your GP.2008 - £6,000.00, 2009/10 - Didn't comp
Back and hoping in 2011!Thank you to all posters!0 -
Most smoker annuities state that you have to have smoked for 10 years with no break, and sometimes they do a swab test, I work for an IFA and I have seen this happen. How much alcohol do you drink? There are companies who use this as a niche market and offer enhanced annuities for people who drink over 35 units of alcohol per week, again they may very well check this out via your GP.
Just to be clear, is this at any time in your life or for the 10 years prior to taking the annuity?--I know, I'm a little bit thick!0 -
Hi dunstonh, when you say later in life, what do you mean? Years?
I have never seen one occur in later life but have been told they happen. it would be years.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Thanks for that. What would happen if someone is advised to stop smoking for health reasons a few years after starting pension?
That would be recorded on their GP records. So, no problem.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
my son told me about enhanced annuities due to a good case of a well lived life - 54 now and want to get the most out of my pension as possible - anyone recommend any or does it depend on my health issues?0
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Will all depend on your health issue and the provider you choose.
I would suggest a specialist IFA for an impaired annuity search.0 -
Any local IFA should be able to handle this. However, you cannot access your pension to 55 at the earliest and the general rule of thumb is that you should not commence your pension early if you dont need it. Especially if buying an annuity rather than the unsecured pension option.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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