Smokers Annuity

A smokers annuity is a type of enhanced annuity that is designed exclusively for smokers. Smokers annuities pay a higher rate than conventional annuities as smokers on average die sooner than non-smokers. If you smoke more than 10 cigarettes a day or 85 grams of tobacco and have done so for a decade or more then you will likely qualify for this type of annuity. If you are older the increment in income will be higher, as much as 40% higher if you are aged over 70.

Verification of your health maybe sought by the annuity provider in the form of a doctor’s report to confirm your smoking habit. If you have serious medical conditions as a result of smoking then you could be eligible for an even higher percentage increase in income. Equally if you have only minor medical conditions then you could see a moderate increase in your annuity offer. If you have given up smoking a long time ago but are dealing with any medical consequences from the time when you smoked, then again you could be in line for a better annuity.