Smoker Annuity

Enhanced Rates for Smokers

In 2003/04 26% of adults aged 16 and over in Great Britain smoked cigarettes. This is approximately 15 million adult cigarette smokers in the UK.

Source: National Statistics, November 2005.

A Smoker Annuity pays a higher level of income if you have smoked ten or more cigarettes per day for the last ten years. It will continue to pay this level of income even if you stop smoking after buying your annuity.
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In addition life companies also consider the lifestyle and location of the annuitant. In particular, it the annuitant has been a manual worker for most of their working life or live in a particular part of the country, an enhanced annuity could be payable. Before qualifying for enhanced terms it is likely that the life company will ask for a General Practitioners Report (GPR) from the annuitant'sdoctor to verify the medical conditions before an enhanced income will be paid.

Smoker annuity gross income
Standard Annuity £6,278 pa

Smoker Annuity

£6,961 pa

The annuity rate shown above is for a Male, single life, on a purchase price of £100,000 with a 5 year guarantee at age 60, 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.

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