Diabetes Annuity

Want to receive Enhanced Annuity Rates?

If you suffer from diabetes that is controlled by diet, tablet and especially insulin you could receive an enhanced income from a Diabetes annuity.

There are different types of diabetes that carry different risks, and this will affect the enhanced Diabetes Annuity rates offered. the three categories are as follows:

  • Diabetes controlled by Insulin
  • Diabetes controlled by Tablets
  • Diabetes controlled by Diet
Image; SIPP ADVISER, Diabetes Annuity
Potentially the highest risk is insulin dependent diabetes ( Type 1), as this can result in related diseases of the kidney, eyes, heart. There are also various degrees of insulin dependent diabetes requiring the individual to take insulin between one and four times a day, or more in extreme cases and this coupled with other medical conditions can decrease life expectancy and therefore increase the Diabetes annuity rates offered by the annuity providers.

Diabetes controlled by diet or Tablets ( Type 2) is seen by Diabetes annuity providers, as not as high risk as Type 1 diabetes. Therefore they will offer a lower rate of Diabetes annuity to those people who have Type 2 diabetes. It is therefore important when you are looking at purchasing your Diabetes annuity, that you make the annuity provider aware of how your diabetes is controlled.

Below you will find a comparison of the difference in annuity rates for somebody with diabetes and somebody without. Clearly you will see that the rates offered are significantly higher.

Diabetes annuity gross income
Diabetes Annuity - ( Single Life) £6,961 pa

 Standard Annuity ( Single Life)

£6,278 pa

 

The annuity rates shown above are based on a purchase price of £100,000, Male age 60, with a 5 year guarantee, no escalation, payable monthly in advance, and should be used as a guide only. The actual rate you will receive will be specific to your own circumstances, and dependent upon the additional features you require to be added.

Image; SIPP ADVISER, Free Quotation, SIPP, ANNUITIES, PENSIONS.