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Smokers missing out on annuities

Fewer than 10 per cent of smokers who would qualify for a special rate annuity are actually taking them out, according to The Annuity Bureau.

It says in 2001 only 3,500 to 4,000 smokers bought smokers’ enhanced annuities from a potential 40,000 individuals who would qualify. Smokers can receive uplifts of more than 16 per cent on a standard rate.

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