Retirement service for people living with diabetes
Some good news at last. You may be able to increase your pension income when you decide to draw your benefits from a private pension or employer sponsored pension plan at retirement, because you have diabetes.
Your pension income is provided through something called an ‘annuity’, which can be purchased at any time from age 50 (soon to be age 55 from April 2010) and must be purchased by the age of 75.
People living with diabetes may benefit from annuities at special rates - giving you a higher level of income in your retirement. These special rate annuities are called ‘enhanced annuities’.
Find out if Diabetes UK Insurance Services can help you to secure a special rate. Alternatively you can call 0800 731 7431 (select option 6) or email annuitydesk@heathlambert.com to request a free quote today.
How does the annuity service work?
Diabetes UK Insurance Services have teamed up with Heath Lambert Consulting Ltd (HLC) to provide access to a comprehensive annuity service.
If you are a person living with diabetes or any other medical condition it is possible that you may be able to secure a higher level of income, due to the annuity rate offered being ‘enhanced’ to reflect your lifestyle, state of health and life expectancy.
An annuity is provided by an insurance company and pays you a secure income for the rest of your life. Your choice of which insurance company to provide your annuity is crucial, because once the annuity has started you cannot change your mind – it is an irreversible decision. However, you do have the choice of selecting the insurance company that will provide you with the best level of pension. The choice is yours and you should use it. This is known as ‘The open Market Option'.
The Open Market Option – it’s important to shop around
It is very unlikely that you will have to stay with your existing pension provider when you want to buy an annuity, and often they will not offer you the best income or options. Plus, not all annuity providers offer similar benefits – the difference between the highest and lowest annuity incomes available can be significant.
So we hope you can understand how important it is for you to use your freedom to shop around for the very best deal for you. After all it’s your hard earned pension and you and your family are entitled to the very best the money can buy.
The Heath Lambert Consulting Annuity Solutions service provides you with the means of finding one of the most competitive annuity rates at retirement. The aim is to maximise the income available to you from your existing pension fund(s).
You can speak to a qualified adviser on the telephone or use our online search facility that allows you to input your details and select the criteria relevant to you and then find the best annuity options available to you right now.
Important information
It is important to understand that in providing this service Heath Lambert Consulting will not be providing you with any financial advice or a personal recommendation, unless you specifically require it.
The service allows you to select the basis of the annuity and then search the market for a competitive product matching your requirements. The service is therefore provided on a non-advised basis, meaning that you confirm that you have neither sought nor received a personal recommendation.
This service also raises valuable revenue for Diabetes UK as a percentage of any income earned by Heath Lambert Consulting will be given to the charity at no additional cost to you.
For more information on how to use the annuity service or to start searching the market for the best deals around phone 0800 731 7431 or visit Heath Lambert Consulting.
Lines are open Monday to Friday 9am to 5pm, or you can e-mail annuitydesk@heathlambert.com
Diabetes UK Insurance Services is a trading name of Heath Lambert Limited (HLL) and Heath Lambert Consulting Ltd (HLC). Heath Lambert Limited is authorised and regulated by the Financial Services Authority.
Registered office: 133 Houndsditch, London, EC3A 7AH. Registered No. 1199129, England and Wales.
*Heath Lambert Consulting Limited is regulated by the Financial Services Authority and are members of the General Insurance Standards Council. Members of the Society of Pensions Consultants. Registered address: 133 Houndsditch, London, EC3A 7AH. Registered No. 0772217 England and Wales.