Towers Watson senior consultant Andy Sanders said total sales could top 2.5 billion pounds this year, marking a new record in a near-unbroken run of sales increases since enhanced annuities were first introduced in 1995.
Enhanced annuities are targeted at smokers, the overweight, and others statistically likely to die before they reach full life expectancy, and are offered by life insurers including Aviva, Legal & General, Prudential.
Annuities are savings instruments which offer those entering retirement a guaranteed monthly income for the remainder of their lives in return for a lump sum.
(Reporting by Myles Neligan; Editing by Dan Lalor)
($1 = 0.6490 pound)
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