Income for Life Bond

Our income guarantee provides you with the peace of mind of knowing that your income will never go down, whatever happens to the market. To sum up:

• The original amount invested determines the minimum guaranteed income;
• You can take an income from the age of 55;
• Income will never decrease, regardless of the Bond’s value and will continue for life.

Regular reviews promise to lock-in any potential growth in the Bond and, in doing so, increase the guaranteed income. We don’t put an age limit on when we stop making reviews so gains can be locked in for as long as necessary.

There are two choices for you to lock in capital gains:

1) Every year – this is subject to a maximum of 10% (the fund will still benefit from growth in excess of this but the portion above the 10% cap won’t be guaranteed)

OR

2) Every 2½ years – in which case there is no ceiling to the growth that can be locked-in, offering unlimited potential.

If you don’t want to take your guaranteed income straight away, you can opt to defer it. To sum up:

• For each year you defer taking income you will benefit from an annual increase equal to 3% of your original investment until you decide to take it;
• Therefore you will know from the outset what your guaranteed minimum income will be.

If you don’t want to take your guaranteed income straight away, you can opt to defer it. To sum up:

• For each year you defer taking income you will benefit from an annual increase equal to 3% of your original investment until you decide to take it;
• Therefore you will know from the outset what your guaranteed minimum income will be.

With the Income for Life Bond, your beneficiaries will also benefit from our guaranteed death benefit. To sum up:

• Your beneficiaries are guaranteed to receive either 100.1% of the value of the Bond or their investment, less any guaranteed income taken, whichever is the greater

• You won’t lose out if the value of the investment suddenly drops due to market volatility

• If the Bond is taken out on a joint life basis, the guaranteed death benefit is to be paid on the second life to die