Medically Underwritten Immediate Annuity
In the immediate annuity world as opposed to the life insurance world, Annuitant’s with substandard health may qualify for higher annuity payments given their fixed annuity premium cost when these Annuitants also have significant impaired health due to an illness or an injury. Annuity payments effected are life-contingent payments and not period certain payments. A Home Office Underwriter will review all medical information submitted by the Annuitant to determine if we might pay higher payments. Presidential is one of the very few carriers in the country that considers the Health of the Annuitant prior to rendering an annuity payment decision. The Annuitant at their expense must provide all the necessary medical information in order for us to consider their health in regards to our annuity payment decision.