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Just Retirement to offer impaired quotes in a day

Just Retirement is entering the impaired annuity market offering customers with the most serious health problems the ability to get an annuity quote within 24 hours.

The move is part of Just Retirement’s Campaign for Better Annuities which is trying to raise consumer awareness of how to get the best annuity deal.

It can now quote for annuities from people with rela- tively minor conditions to those with severe and life-threatening illnesses.

Some annuity firms rely on receiving a GP’s report before being able to quote on impaired cases so people often have to wait a month to get a quote. Just Retirement head of retirement income solutions Nigel Barlow says: “The annuity market is continually evolving and as such providers need to become more flexible. We estimate a significant number of annuitants have been affected by the requirement for a medical examination before an accurate quote can be provided.”

Origen head of annuities Nick Flynn says: “Just Retirement has dominated the lifestyle end of the enhanced annuity market and is well placed for an expansion into fully impaired annuities.”

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