Annuity providers base their pension annuity rates on life expectancy, that is, how long they might have to pay you the income for. Enhanced pension annuities benefit you if you have lifestyle or medical conditions that reduce your life expectancy, providers could then pay more income because it would be paid for a shorter time.
What are enhanced pension annuities?
As explained above, enhanced pension annuities are for those that have lifestyle or medical conditions that qualify for enhanced pension annuity rates.
There are many new enhanced pension annuities providers entered the market in the last few years and this increase competition which helps you get better pension annuity rates.