What is a Diabetes Annuity?

A diabetes annuity is a form of enhanced annuity, where the rates offered are higher than with standard annuities. This is because the life expectancy of the annuitant is lower, and so the pension provider will not be expecting payout for as long were the annuitant completely healthy. Surveys have shown that the average estimated age for a person with type 2 diabetes was 76.5 years compared with 81.5 years for someone without diabetes.