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The MetLife Income for Life Bond aims to give your clients a secure income for life from their investment as well as the opportunity for growth.
Whether your clients are investing for themselves or want an effective estate planning tool, the Income for Life Bond can be tailored to meet their needs.
Guarantees for peace of mind investing
Guaranteed income for life, which will never decrease
Guaranteed future income with 4.25% p.a. income deferal increases
The MetLife Income for Life Bond is, by definition, an investment bond. However, to deal with more complex situations where clients need the reassurance of a guarantee, then it becomes more than just a bond.
In preparation for the introduction of the Retail Distribution Review which comes into effect on 31 December 2012 we have the following remuneration options:
1. Commission
(Available for advice provided before 31 December 2012)
Initial commission by establishment charge or reduced allocation
Trail commission
Please note, whilst commission payments will only be available for advice provided before 31 December 2012, any trail commission established prior to this date will continue to be paid unless otherwise notified.
2. Adviser remuneration
(Available for advice given from 31 December 2012)
Initial Adviser Charge
Ongoing Adviser Charge
Ad-hoc Adviser Charge
Please go to the Adviser Charging section of our Retail Distribution Review page for further information.
The costs associated with each option are clearly illustrated as part of the sales process. This enables you to tailor the product to fit your clients’ needs exactly.
Of course - clients can change their mind within 30 days of receiving the cancellation notice issued to them when their application is accepted.
Clients invested in the Secure Income or Secure Capital Option can switch out on a review date and up to 30 days following, but they cannot switch back into the same guarantee for six months.
