Many Happy Returns

The Longevity Income Plan has a unique feature called the 'mortality uplift' designed to provide a rising annual income for Planholders.

Each year, the value of the funds made by Planholders who have not survived over the course of the year will be redistributed among the surviving Planholders and allocated as 'Birthday Units'.

In other words, we take what would otherwise be the 'life company's annuity profits' and put it back into the fund for the benefit of surviving Planholders.

Take a look at the graph below to see what this could mean in terms of extra annual income in late retirement. The example takes the case of a 55-year-old male investing £15,000 in the 80-100 Plan, assuming a 7% growth rate of the life fund and using the prescribed FSA mortality table. Figures shown are gross of tax and are rounded to three significant figures.

Please note: the figures in the graph below are only examples and are not guaranteed. They are not minimum or maximum amounts and you could get back more or less than this. Remember, the value of a fund can go down as well as up, and inflation would reduce what you could buy in the future with the amounts shown.





Click here to see an example of a Plan with projected income figures.