Expert Advice on Enhanced Annuities

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No matter how old you are, it is never too early to plan for your retirement Here at Opal Wealth Management. our friendly. knowledgeable learn of pension advisers can help save you time. money and hassle by helping you plan your retirement now. We feel that as retirement approaches, you deserve to be able to concentrate on planning how to spend your time rather than on saving your hard-earned assets.


Once you retire, without an income built to support you for the rest of your life, those bills can mount up. leading to unnecessary stress and worry. With our industry knowledge and personal approach, we work with you to build a tailored financial plan, with the aim of giving you financial security in your retirement


Many savvy savers are torn between valuable final salary pensions and investing their hard-earned cash in the financial markets, which, if not guided by those in the know, can lead to losing money.

Naturally, there is no one-size-fits-all solution. What may be the right route for one client is unlikely to be the same for the next. At Opal Wealth Management, we fully assess your individual circumstances, your needs and your preferences. Being aware of your current situation helps us to help you work towards more profitable outcomes in a way that is right for you.    

A Pension is a Long term investment, the fund value may fluctuate and can go down.
Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax Legislation.

The Financial Conduct Authority does not regulate occupational pensions.

A higher income to support your health condition

1) Get more for your money
An enhanced annuity offers a larger income compared to a standard annuity, which can make a real difference in your retirement.

2) Range of options
There are a range of enhanced annuities on the market. We’ll help you to find the product that best matches your individual needs.

3) Caring for the future
Some enhanced annuities offer an income for your nominated beneficiary after you pass away, which provides peace of mind for the future.

Get more support in your retirement

If you’ve got a health condition, or you’re overweight or a smoker, you might be eligible to invest in an enhanced annuity. This provides you with an increased pay-out, offering better financial support for your retirement years.

We’re Wolverhampton-based financial advisors, who specialise in helping our clients get the most from their pension pots. If you live in the Midlands, we’ll focus on maximising your wealth, so you can enjoy a comfortable lifestyle once you’ve stopped working.

What is an enhanced annuity?

For the most part, an enhanced annuity works in exactly the same way as a standard annuity. You use a portion of your pension funds to purchase it, and in return, you’ll receive an income for life, or for a set period of time.

However, there’s a key difference. As you’ve got a medical condition, or are overweight or a smoker, that means you’ll get a larger pay-out.

Our team of advisors are here to explain exactly how it works, and go through the benefits of choosing an enhanced annuity over a standard one. As part of our initial consultation, we’ll run through your plans for the future, and what sort of lifestyle you want in your retirement. This will help us to identify the right annuity product for you.

Bear in mind – as with any annuity, once you’ve accepted the terms, you won’t be able to change how your income is paid. However, we’ll ensure that you completely understand the product before making a commitment.

Get more for your money

Our primary focus is to make your pension pot work harder for you. That’s why we take the time to understand your specific circumstances, requirements and goals, then present you with a range of investment options that match your needs.

There are several types of annuity available, and we’ll go through all the suitable options with you. We’ve got extensive experience with pension products, and take pride in our excellent reputation in the industry. We’re proud to say that we’re regulated by the Financial Conduct Authority, and are also appointed representatives of of Quilter Wealth Limited and Quilter Mortgage Planning Limited – which highlights our commitment to operating with integrity at all times.

If you’d like to learn more about enhanced annuities and how they could benefit you, get in contact with Opal Wealth Management today, via email or phone.


What health conditions qualify for an enhanced annuity?

The main health conditions that qualify are: cancer, high blood pressure, heart disease, diabetes and kidney failure. If you’re a smoker and / or overweight, this might also mean you’re eligible.

Why do enhanced annuities pay more?

If you’ve got a health condition, the annuity provider makes the assumption that you might not live as long as someone who’s completely healthy. As such, they’re happy to pay you more, on the basis that they won’t have to pay you for as many years. However, if you do outlive their expectations, you’ll still receive the payments.

How much will I get?

The income you’ll receive depends on the nature of your health condition. Less serious conditions (e.g., asthma, arthritis) are likely to pay out less, while major conditions like multiple heart failure and type 2 diabetes will generate a larger income. To find out more about your potential income with an annuity, get in touch today.

This will provide you with a bigger income, which offers greater financial support in retirement. Not all providers offer enhanced annuities. We do provide advice on enhanced annuities, so please get in touch if you want to find out more.

Which annuity product is right for me?

It depends on how much income you want during your retirement, and how much you’d like to invest into it. To learn more, get in touch with the Opal Wealth Management team today.

Get started with an enhanced annuity

If you’re keen to learn more about enhanced annuities and find out if you’re eligible, get in touch with our team. We’re based in Wolverhampton, and are here to answer all your questions about generating an income in retirement.

Contact us today to make a start.

Contact our pensions adviser for further information and advice on pension and retirement planning

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