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Promotion for impaired life annuities

Pension Annuities Friendly Society is sending out 61,000 letters to IFAs, solicitors and accountants to raise their awareness of the impaired-life annuities market.

The specialist annuity provider believes IFAs need to be made more aware of impaired life annuities. It fears many people who are suffering from poor health are not being advised to buy the product.

The society aims to demonstrate through case stud-ies of policyholders that anindividually underwrittenimpaired-life annuity can bea better option than other ann- uity products.

Spokesman Ben Nightingale says: “We believe thereare still a large number of people who qualify for impaired-life annuities but who are still advised to take standard annuities because IFAs are not fully aware of the product.”

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