Protected Retirement Plan:


Annuity features

The comparison table shows how our Fixed Term Annuities compares against a lifetime annuity and drawdown pension. This helps you compare the products that you can blend to offer the best solution for your client.
Annuity FeaturesFixed Term AnnuityLifetime AnnuityDrawdown Pension
Benefits known in advance
Benefits guaranteed
No investment risk
if kept for the whole term
No ongoing fund management charges

Drawdown Pension features

Key to retirement income planning, our Drawdown Pension gives your client flexibility if they’re approaching, or are in, retirement. The comparison table shows the features available, compared to our Fixed Term option and Lifetime Annuities.
Drawdown Pension FeaturesFixed Term AnnuityLifetime AnnuityDrawdown Pension
Keeps future options open
Retains control of funds
Future income risk
Book School Documents

Key features guide

Find further details on options, guarantees and charges, in our downloadable guide.
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Anytime conversion feature

Our Fixed Term Annuity keeps your client’s retirement options open. They can convert to another retirement product at any time or encash the plan as a lump sum payment.

  • All clients qualify to the anytime conversion feature, when they take out our Fixed Term Annuity.
  • We pay the current value of your client’s Guaranteed Maturity Value (GMV) plus their unpaid income payments. 
  • To calculate the current value we look at the value of the underlying investments at the date they convert the plan. There are no penalties for using the conversion feature.
  • Values could be significantly lower than GMV in the early years or if investment conditions have worsened.

Download our conversion features guide.

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Flexible product design

Tailor the plan to best suit your client’s circumstances with a range of options:

  • Choice of income level, including escalating income.
  • Guaranteed income over a fixed term, up to 25 years.
  • Choose from a variety of death benefits, including beneficiary's income.
  • Flexible remuneration options.
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Benefits, exclusively for members

When your client takes out our Protected Retirement Plan, they become a member. That means they get exclusive benefits and support:

  • Member Care Line – free access to nurses, trained counsellors and legal advisers.
  • Member support fund – after 12 months, your client can request financial assistance if they’re struggling to make ends meet.
  • Discounts – on general insurance products provided by LV= General Insurance Group, a subsidiary company of Allianz Holdings plc.
  • Right to vote – after 12 months, your client will be invited to vote at our Annual General Meeting.
Contact Phone

Let's talk

0800 028 8975

9.00am - 5.30pm Monday-Friday

TextDirect: first dial 18001. We will record or monitor calls for training and audit purposes.