Annuity offers medical option.(Protective Life Corp.'s Protective ProPayer Income Annuity)(Brief article)

Best's Review, May, 2006 by Panko, Ron

A new immediate annuity from Protective Life, Protective ProPayer Income Annuity, offers prospects the option of medical underwriting. The option would enable people who have certain medical conditions, including a history of heart attacks, strokes or Alzheimer's disease, to apply for special medical underwriting, which might result in higher annuity payments or lower purchase payments than would ordinarily be available.

Most immediate annuities use average life expectancies. Other options allow for access to some of their purchase payment and for annually increasing payments.