Pensioners fail to get best annuity

Declaring health conditions can result in higher Annuity incomes. People nearing retirement do not know that they can get a better Annuity by discussing their health issues with their provider. Pensioners are missing out on getting an optimum retirement income by failing to inform providers of their medical history. A new study from Annuity specialist Just Retirement found that seven out of ten people approaching retirement can qualify for an Impaired Annuity that takes an applicant's health issues into consideration - many consumers are unaware that declaring their medical problems could work to maximise their income.