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Equity Release May Help Those Missing Out On Enhanced Annuities

20/08/2010

An expert says some UK retirees could be missing out on additional income by not enquiring about enhanced annuities.

MGM Advantage says 59 per cent of people aged over 55 in the UK are unaware that some medical conditions might see them get a larger retirement income.

The study showed that despite this number, just one in four people are aware that conditions such as high blood pressure and high cholesterol could see them qualify for an enhanced annuity.

Sales and marketing director at MGM Advantage, Aston Goodey, stated that it is important for individuals to have a health check before opting for an annuity. It's in their best interests to ensure that no pre-existing conditions exist. When shopping for annuities you should exercise the Open Market Option to ensure you get the best enhanced annuity rate.

Homeowners aged over 55 years who are missing out on additional income and would like to know how much money the value of their property could release to help them through their retirement, can find out by contacting therightequityrelease.co.uk for equity release advice.

The Right Equity Release Limited which is authorised and regulated by the Financial Services Authority. Registered in England 07166676.
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