Longevity Income Plan details

Minimum age at entry 18; maximum age at entry 75 next birthday (depending on the Vesting Age chosen)
Minimum investment £5,000; maximum investment £1,000,000
Choice of 'Vesting Ages', the age at when income starts - 75, 76, 77, 78, 79, 80
Minimum investment period of 5 years
Income paid over a period of 20 years with a maximum of 21 payments
Unique mutuality feature: allocation of additional 'Birthday Units' to Planholders each year, which arise from the redistribution of the investments held by Planholders who have not survived or who have surrendered their Plans
Carefully picked selection of popular funds from industry leading-fund managers, with the ability to switch funds at any time
Ability to surrender the Plan after 2 years; no surrender after Vesting
Death benefit - guaranteed return of original investment to your estate if you die before receiving the equivalent back in income
Favourable tax treatment
Ability to change to a later Vesting Age up to 6 months prior to income start date
Death benefit or full Plan benefits can be written in trust