Impaired Annuities
 Impaired annuities also called enhanced annuities are offered by insurance companies. Proof of a diminished life span is required for consideration of this kind of annuity. If poor health has shortened one's life expectancy insurance companies will increase the annuity payments. Please let Stone-Hedge Financial Group Inc. know in advance so we may apply with insurance companies that offer impaired annuities.
There are over 5,000 medical conditions an underwriter will consider as evidence of a diminishing life span. If one qualifies for an impaired annuity the annuity payments can be increased by as much as 30% to 40% percent.
Impaired annuities can be prescribed or non-prescribed. Prescribed annuities benefit from tax savings in certain cases.
There are many factors that an underwriter can consider for an enhanced or impaired annuity including non medical factors such as if one smokes or is overweight.
Below is a list of some of the medical conditions an underwriter will consider:
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Alzheimers
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Heart valve disorder (mitral, aortic, bi-cuspid, congenital, from birth)
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Amyotrophic lateral sclerosis (ALS)
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Heart valve replacement
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Bi-polar disorder
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Heart - ventricular ectopics
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Brain tumour
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HIV/AIDS
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Cancer (all types)
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Huntington's disease / chorea
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Cerebrovascular accident (CVA)
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Kidney - (end stage) renal failure (ESRF)
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Cerebrovascular - brain haemorrhage
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Kidney - chronic kidney disease (CKD)
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Cerebrovascular - lacunar infarct
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Kidney – glomerulonephritis
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Cerebrovascular - stroke
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Kidney - other
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Cerebrovascular - subarachnoid haemorrhage (SAH)
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Kidney - polycystic kidney disease (PKD)
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Cerebrovascular - transient ischaemic attack (TIA)
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Kidney – transplant
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Crohn's disease
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Liver - amyloidosis
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Dementia (All types)
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Liver – cirrhosis
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Diabetes, type 1
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Liver-hepatitis (unless hepatitis A and fully recovered)
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Diabetes, type 2
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Liver - other
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Haemochromatosis
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Liver - Primary sclerosing cholangitis
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Heart - angina
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Liver – transplant
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Heart - aortic aneurysm or abdominal aortic aneurysm
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Major organ transplants
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Heart – arrhythmia
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Motor neurone disease
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Heart - atrial fibrillation
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Multiple sclerosis (MS) all types
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Heart - atrial fibrillation
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Muscular / myotonic dystrophy
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Heart attack
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Parkinson's disease
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Heart - av block
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Peripheral vascular disease (PVD) or intermittent claudication
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Heart block
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Respiratory - asbestosis
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Heart – brachycardia
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Respiratory - asthma
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Heart - bradycardia
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Respiratory - bronchiectasis
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Heart–cardiomyopathy (All types, including HOCM)
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Respiratory - chronic bronchitis
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Heart - enlarged heart
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Respiratory - chronic obstructive pulmonary disease (COPD)
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Heart failure
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Respiratory - emphysema
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Heart inflammation
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Respiratory - pleural plaques
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Heart - pacemaker implant
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Respiratory - pulmonary fibrosis
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Heart - prolapse valve
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Rheumatoid arthritis
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Heart - regurgitation
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Schizophrenia
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Heart - stenosis
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Spinal cord injury / paralysis
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Heart - supraventricular tachycardia (SVT)
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Ulcerative colitis
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Heart - techycardia
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Annuities Are Complex Products That Require Professional Guidance
When deciding which type of annuity is best suited for you Stone-Hedge Financial Group Inc. will guide you through this process.
Stone-Hedge Financial Group Inc. will provide quotes from some of Canada’s most competitive Insurance Companies.
The information provided on this web site is intended for general information only. It should not be construed as legal, accounting, tax or specific insurance and investment advice. Clients should consult a professional advisor concerning their situations and any specific insurance and investment matters. While reasonable steps have been taken to ensure that this information was accurate as of the date hereof, Stone-Hedge Financial Group Inc. and its affiliates make no representation or warranty as to the accuracy of this information and assume no responsibility for reliance upon it.
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