Frequently, the cash needs of an individual whose life expectancy has been shortened because of accident or illness increase dramatically. Finding the cash to meet those needs can often be made easier with a Presidential Life rated or substandard annuity. A rated or substandard annuity allows an individual with a shortened life expectancy to receive a higher lifetime annuity income than would be payable to someone of the same age with a normal life expectancy. Increased payments help make it possible to meet increased living costs, or to pay the increased premiums on a rated life insurance or long-term care policy.