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Jun 2021
12:42pm, 2 Jun 2021
1,894 posts
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bja61
GP - please do!
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Jun 2021
1:10pm, 2 Jun 2021
127,104 posts
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GregP
Thanks.
Haven't seen HoD for several years so keep forgetting he gets older every year same as I do. 
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Jun 2021
2:19pm, 2 Jun 2021
8,480 posts
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Fragile Do Not Bend
BJA, if better annuity rates are given to those who smoke and drink heavily, what’s to stop someone just saying they do, when actually they don’t?
I’m not thinking of committing any sort of insurance fraud, just curious
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Jun 2021
2:27pm, 2 Jun 2021
2,072 posts
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Flatlander
FDNB, Bja probably knows the answer to that, but perhaps the annuity company gets to see your medical records?
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Jun 2021
2:39pm, 2 Jun 2021
1,901 posts
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bja61
FDNB - it is medically underwritten, ie the insurance company will write to your doctor and may well require you to go and see their medical examiner who will assess whether your health is consistent with the life style you are describing. Most heavy drinkers/smokers have a slew of medical conditions that show a consistent story by the time they get to retirement age so it gives a consistent picture.
We used to also give better annuity rates to men because they live on average 3 years less than women, but the European Court of Justice banned that, so men are now slightly worse off in retirement and women slightly better off! The reverse happened in car insurance etc where you can longer take into account that women are on average less likely to have an accident.
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Jun 2021
2:45pm, 2 Jun 2021
127,109 posts
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GregP
That first para answers my question - thanks. I have strong liquor in my past but have been teetotal for fifteen years on June 17. Don't suppose that's going to 'help' me in annuity terms.
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Jun 2021
3:05pm, 2 Jun 2021
52,891 posts
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Velociraptor
Thanks for a fantastic contribution to the discussion, bja
Greg, I don't know whether it would increase your annuity, but as I recall the medical declaration your GP (or your GP's computer nowadays) would provide asks specifically about alcohol overuse. I can't remember if it's "ever" or "within a specified period of time".
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Jun 2021
3:12pm, 2 Jun 2021
768 posts
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jelly (limegreenjelly)
I find it interesting but depressing but I stopped working in 2004 to have children and at 51 and still not working I obviously don’t have a pension.
When everyone else retires I’ll be out looking for work 😂
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Jun 2021
3:20pm, 2 Jun 2021
127,110 posts
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GregP
It’s certainly on my medical record although my GP doesn’t seem to believe I’m no longer drinking.
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Jun 2021
3:20pm, 2 Jun 2021
127,111 posts
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GregP
This is annoying to say the least
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