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AN IRISH PENSION provider is pushing its latest product hard towards the less healthy people in society.
Irish Life’s ‘Enhanced Annuity’ product is being specifically targeted at those with unhealthy lifestyles or a history of illness.
The ‘innovative’ pension plan offers ‘better value to customers who have experienced poor health’ according to a company release.
So… quitting smoking might not be such a good idea after all.
“Based on Irish policies sold to date the most common medical conditions presented include: heart conditions, diabetes, high blood pressure, high cholesterol and cancer,” says the release.
The main lifestyle issues include being overweight or underweight and a history of smoking.
Pension products like this function effectively on the company taking a punt that their client will die sooner. That being the case, the money saved on subsequent payouts can be used to subsidise other customers, or be taken as profit.
Such slightly macabre financial products have made major headway in the UK in recent years, something the Irish sector is obviously keen to replicate.
“Currently up to 54% of UK retirees benefit from increased income through this kind of product,” says Irish Life CEO David Harney.
One of our key objectives is to increase the number of Irish customers benefiting from this.
Indeed, some of our clients received a 25% enhancement in income as they had a range of medical conditions.
Sounds pretty conclusive, best get smokin’, eatin’ and diabetin’ so.
Avengers Assemble.
What a horrible human being to take advantage of a man in his 90s who had given so much joy to the world hope he gets sent away for a long time.
@Jake Kelly: well he must be guilty because you believe it’s true so no need for a trail just “send him away for a long time”…
@Jake Kelly: allegedly!!!!!!!!
@Craig Clancy: ok IF true then send away for a long time but considering stories like this were coming out before his death I feel like it’s more likely this is legit but if you wanna be pedantic about these things there’s a chance the guy is innocent
@Mairtin Antaine O Conaill: allegedly aka the word you can use to get away with saying anything
Sounds like family who didn’t have the will to take care of a man in his 90’s but has the “will” to take care of him now that he’s dead. Sad
@Noel Falkhall: again accusations of elder abuse towards Stan Lee were being reported on while he was still alive and some of the accusations were against Lee’s own daughter so there’s a lot more to this story than the usually “let’s call it BS because the victim is dead and we’re cynical about everything” mentality
Should have gone out like Hugh Hefner .
What, sepsis brought on by an E. coli infection?
@bopter: lol
@bopter: surrounded by women
Captain Bedpan …. not to the rescue ….
have your say