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LV= Protected Retirement Plan update

LV= Protected Retirement Plan update

Update: Flexible drawdown option added, allowing qualifying new and existing to select an income unrestricted by GAD rates, provided it is sustainable over the term of the plan; select a nil maturity value option, allowing customers access to their full pension fund over a three year period; take a ‘guaranteed maturity value’ at the end of the term as a one-off income payment; Value Protection benefit – a death benefit option that can chosen at outset – can run beyond age 75 and plan term/ benefits can be set at outset to run beyond age 75

To qualify for the option, clients must meet the minimum income requirement, which is a lifetime income of at least £20,000 a year

Contact: www.lv.com/adviser/retirement-products

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