In 2003, Norwich Union will launch their postcode annuities. The insurer is analysing various locations, professions and lifestyles and their correlation with early death.
Those who have worked in unhealthy conditions or stressful jobs would receive bigger annuity payouts. Those who have worked in pleasant surroundings will receive less on retirement as they are likely to live longer.
People in the south-west of England have the longest life expectancy, whilst those living in Scotland have the lowest.
What is a pension annuity? To learn more visit Pensions Adviser.com.