We know it's a tough topic, but we'll make it a little easier
when the plan ends
Worried about passing away before the end of the plan?
You can choose to buy one of our optional death benefits at the start of the plan in case you pass away before the end of the term.
If you're unsure which benefits would be best for you, please speak to an adviser.
Value protection
You can protect up to 100% of your original investment if you pass away within the plan term
- The lump sum payable will be the initial amount used to purchase the Fixed Term Annuity (or you can choose to protect a proportion of this amount), less the total amount of income paid.
Plan protection
Plan protection provides the option to protect 100% of the Fixed Term Annuity income and/or Guaranteed Maturity Value if you pass away before the plan ends
Taxation information
If you die before age 75, any lump sum/income will be paid to beneficiary's tax free
If you die at age 75 or older, the beneficiary will pay income tax at their personal rate.
- Tax treatment depends on your personal circumstances. Any references to taxation are based on our understanding of current legislation and HM Revenue & Customs practice, which can change.
Financial advice
Need help?
Have a commitment-free chat with one of our expert advisers today. Start your conversation by giving us a little more detail.
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