Impaired lives could gain from equity release

• Increasing the amount of medical information gained from clients can improve advice and widen options available
• Impaired life clients could release significantly more cash as life expectancy is reduced
• Not all clients need impaired rates – the standard Property Plan could be a better option 

On average, more than half a million* people over the age of 65 have a stroke or are diagnosed with diabetes each year. Their reduced life expectancy means they tend to be offered more generous terms on products such as annuities and also equity release schemes.
 
But many who would qualify for these products don’t take them out, either because they are unaware of them or because the administration involved acts as a disincentive for advisers to recommend them.
 
Retirement Plus offers the Impaired Life Property Plan, a special product which can benefit homeowners aged 65 + with larger releases of money and also offers a protected share option, enabling them to release only a part of the value of their properties, while also ensuring that a higher percentage remains within their ownership, either for future release or for eventual inclusion in their estate. Alternatively, the standard Property Plan is so flexible it may prove to fit the customer’s circumstances even better.
 
*Stroke Association (2006) and Diabetes UK (2004)

www.retirement-plus.co.uk

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