Life Trust Insurance says that 100 distributors have already signed up to provide its longevity income plan just a month after the launch of the company.
Baigrie Davies has become the 100th firm to sign terms of business to distribute the product.
The income plan is a lump-sum investment designed to help protect consumers from the cost of increasing longevity
Life Trust CEO Andy Briscoe says: “The longevity income plan has caused quite a stir in the market, and is being lauded by many for its innovative nature. We are delighted to see so many distributors signing up to the LIP so soon after launch.”
Baigrie Davies managing director Ian Howe says: “I am happy and proud to have signed the hundredth Terms of Business agreement with Life Trust. It is always exciting to see products that break the mould and are specifically designed to address the pressing financial issues facing us today. At Baigrie Davies we are committed to providing a breadth of products, both new and traditional, so that we can fully support our client’s needs and the LIP fits with that perfectly.”