An enhanced annuity is the amount of money per month that you will be paid from the funds that you have accumulated, taking into account various personal circumstances. These might include health conditions, house location and smoking habits.
It might at first seem strange that an insurance or investment company would pay more per month to someone with for example, a bad heart condition. However, there is a very good reason for this. Put bluntly, the companies would not expect such a person to live for a great deal of time, and hence, they can afford to pay them more.
If you feel that you would fall into one of the categories that might qualify for an enhanced annuity payment, then you should start to look at what options you have. One way to do this is to search online for reviews or feedback of people who were in similar circumstances to yourself.
You may discover that you and other people are able to leave comments on these review articles. This is a great way to both let other people know of your experiences, and to also find out more about other people's experiences too.
Before undertaking any major decision, it is strongly advised to visit an independent financial advisor. This way, you will have both the benefit of their expertise, as well as the information that you have already gathered from other people's experiences. This way, you can be sure to get the best value from your retirement fund.