Pension Annuity

In some cases an enhanced annuity can provide an income that is significantly higher than an income paid from a standard annuity. Our annuity offers personalised rates based on lifestyle and medical history. Because some people are likely to have a lower than average life expectancy, we're able to offer them higher levels of income than most standard rate conventional annuity providers.

We offer enhanced rates for hundreds of medical conditions, some of which you may never have considered could increase your client's income. Our extensive list of qualifying conditions also includes the more common factors such as smoking, diabetes, high blood pressure and high cholesterol.

It is important for your clients to provide as much information about their health as possible, together with any ongoing symptoms or treatments they are receiving. This will allow us to offer an annuity rate that is more reflective of your client's personal circumstances. Your clients should also disclose any medication they are taking.

Note that the annuity rate is based on your client answering all questions accurately and honestly. If when we check appropriate evidence cannot be supplied (for example, their doctor) we have the right within six months of the start of the annuity to tell them we will reduce the annuity amount payable.

LV= offers an extensive range of death benefits under our annuity offering.

This includes a lump sum to become payable on your client's death, or for income to continue to a spouse, civil partner or dependant.

We also offer Value Protection on our enhanced annuities. This lets clients protect part or all of their annuity fund when they die. The amount paid out is subject to a tax charge of 55%.

In some circumstances the amount paid after death may be subject to an inheritance tax charge. However, with LV=, where possible, all of these will be paid at our discretion, which normally ensures no nasty surprises and unnecessary tax bills.