Impaired Annuity

An illness or disease that reduces your life expectancy

By Ivon T Hughes
impaired annuities
Figure 1. Woman Suffering From Dementia

If you suffer from an illness or disease that reduces your life expectancy, you could qualify for an impaired annuity.

Impaired Annuity

What is an impaired annuity?

An impaired annuity takes serious health conditions into account by providing you with a higher income.

How is this impairment assessed?

The insurance company you choose reviews the medical evidence you supply with your annuity application.

The impairment value is the number of years added to your actual age. If, for example you are age 65 and the impairment value is 4, you will receive a monthly payment of a person aged 69.

Impaired annuity evidence

A detailed report from your doctor outlining medical history and present condition indicating that life expectancy is below normal.

What type of annuity qualifies?

  • Life annuities
  • Single or joint annuitants
  • Registered or non registered funds

Regular Annuity versus Impaired Annuity

The following regular and impaired annuity rates are based on a male annuitant with $100,000 of non-registered funds with no guarantee and an impairment value of 3.

Impaired Annuity Rates as of April 2017

Male Age Regular Annuity Rates
Monthly Income
Impaired Annuity Rates
Monthly Income
60 $456.13 $489.88
61 $467.69 $500.56
62 $476.65 $512.33
63 $489.88 $528.55
64 $500.56 $542.39
65 $512.33 $560.92
66 $528.55 $577.71
67 $542.39 $599.45
68 $560.92 $619.82
69 $577.71 $645.62
70 $599.45 $670.35
71 $619.82 $697.61
72 $645.62 $727.80
73 $670.35 $760.74
74 $697.61 $793.84
75 $727.80 $830.21
76 $760.74 $873.60

Sample of an Impaired Annuity Quote

impaired annuity quote

Impaired Annuity Quote vs Regular Annuity Quote

pdf Impaired annuity PDF illustration


pdf Regular annuity PDF illustration

Heath Impairments That May Qualify

  • Cerebral vascular accident (stroke)
  • Myocardial infarction (heart attack)
  • Multiple Sclerosis ( M.S. )
  • Dementia / Alzheimer's disease
  • Paraplegia
  • Cancer
  • Parkinson’s disease
  • Diabetes
  • Aortic aneurysm
  • Emphysema
  • Cirrhosis of the liver

Impaired Annuity Calculator

Calculate your Impaired Annuity Quote

Get your Free, No Risk, No Obligation impaired annuity quote.


Ivon T Hughes

About the Author

Ivon T. Hughes

Ivon T Hughes is a leading expert on life annuities in Canada. has different financial products and has been a recognized authority since 1972.


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