Jim Penman launches Australia's FIRST life-time pension for SMOKERS: Jim's Annuities

Announcement posted by Invigorate PR 31 Mar 2025

Jim's Group is pleased to announce its newest division, 'Jim's Annuities'.

This is a service which allows clients to pay a lump sum and get an income for life. A unique feature of this offering is that it is available only to smokers.

"It is exceptionally generous because smokers are unlikely to live very long, so the payout period will be brief," Jim's Group founder Jim Penman said.

"Smoking increases the odds of early death from cancer, not only lung but colon, cervix, stomach and pancreatic cancer. It also causes heart disease, stroke, diabetes, chronic obstructive pulmonary disease, asthma and more."

According to Penman a condition of payment is that clients must commit to smoking at least two packs of cigarettes a day, for life. Any attempt to give up will cause an immediate stopping of all benefits.

Penman emphasised that Jim's Annuities is a fair deal for smokers.

"Smokers are too little recognised for their benevolence and self-sacrifice. The $12.7 billion a year in tobacco excise they pay is more than enough to cover government payouts to hospitals," Penman said.

"Their early deaths also lift a huge burden from our pension system, and they do this at the cost of great pain and inconvenience. Smokers are more likely to suffer blindness and cataracts, nerve damage, amputation of limbs for reasons of poor blood flow, and more.

"These noble and self-sacrificing people deserve our appreciation and respect. Especially for us non- smokers who intend to live on into our eighties and nineties and beyond."

Penman explained he is also considering generous annuities for other self-sacrificing groups, such as people with multiple conditions for drunk driving.

About Jim's Group

Jim's Group was founded in 1989 and is now the largest franchise chain in Australia and New Zealand, With 5,500 franchisees in mowing, cleaning, dog wash, pest control, building inspections, and forty other divisions.