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Your client now has more flexibility than ever on how and when they access their pension savings. The LV= Protected Retirement Plan offers more flexibility and access to your money than a standard annuity by providing a guaranteed income option for a fixed term (rather than for a lifetime) which you can also cash in at any time.
Our Protected Retirement Plan offers many features, including:
Our Protected Retirement Plan product profile details the risks, suitability, charges and further details on the benefits to your client.
Planning for the worst can be daunting, but securing your client’s funds if they pass away can offer vital reassurance.
Your client can choose one or more of our optional death benefits, at the start of their plan:
Beneficiary’s income – your client can choose a beneficiary to inherit their plan if they die. The beneficiary will receive an income and Guaranteed Maturity Value equal to the chosen percentage of the plan income. It can be combined with a guaranteed period or value protection death benefit.
If your client is worried about dying before the end of their Trustee Investment Plan, they can choose an optional death benefit at the start of their plan.
Trustees can choose one of the following options: