If you suffer from poor health, and are concerned that your options may be limited when it comes to securing your financial future in terms of retirement, then there may be a solution at hand. By either releasing equity or investing a pension fund pot into annuities you will be guaranteed a yearly pay out.

In fact, some companies offer better schemes for those people who either suffer with poor health or are heavy smokers. This may seem strange at first, but the more that you look into it, makes a certain degree of sense – from the insurance companies point of view of course!

Basically, an insurance company offering an annuity to those people of ill health is thinking that the people that they offer it to will not live long enough to make the best use of the scheme. This may sound harsh, but is the way they look at it. In fact, some annuity schemes pay better the heavier smoker you are for example!

If you are thinking of taking out an annuity, then you should think of going with one which has a longer guaranteed pay out time of five years or above. This means that in the unfortunate event that you do pass away early, your next of kin will continue to receive a payment up until the end of the guaranteed period.

If you are interested in finding out more about such schemes, then the internet has a wealth of knowledge. It may also be a good idea to visit a financial advisor who can point out the pros and cons of each scheme available to you.