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Fixed Term Annuity

Don't want to use your pension fund to buy an annuity immediately on retirement?

  • Get a fixed income for a specified period during your retirement
  • Choose your term and income with a guaranteed maturity value
  • At the end of the period, decide what your retirement needs are
Retired couple walking and smiling holding surfboards and wearing wet suits

Why choose LV= for your Protected Retirement Plan?

It's difficult to make decisions about your finances now that will affect you for the rest of your retirement years. Read the information below on why you should trust LV= with your Protected Retirement Plan.

We're retirement specialists

LV= offers a wide range of retirement solutions, including annuities and pension drawdown. Therefore you can be confident when your Protected Retirement Plan reaches maturity, that we'll have a solution for you.

A market leader

This is one of the few products like this on the market.

Breathing space in the initial stage of retirement

Get a fixed income over a set period and re-evaluate your options at the end of the plan.

Have your say

When you buy an LV= Protected Retirement Plan, you qualify for membership of Liverpool Victoria Friendly Society Limited. Valuable discounts are available to members on LV= motor and home insurance, as well as special member offers on other products.

  • The LV= Member Helpline is a support service exclusively for members. It's available 24/7 and provides members with confidential, expert advice from qualified professionals on a range of legal and medical issues.
  • Members are able to vote, if they wish, at our Annual General Meeting and have a say in the running of our business.
  • As a member, you'll be entitled to attend the Society's formal meetings and vote on Society matters when you have held your membership-conferring product for a continuous period of twelve months. Full membership terms and conditions are available on request.
  • Alongside voting rights, membership benefits include discounts on a wide range of LV= products, including an extra discount on car insurance plus free motor legal expenses and discounts for new home, pet and travel insurance policies

Financially strong

It's 170 years since we welcomed our first customers. The Liverpool Victoria group of companies now has more than 5 million members and customers. That gives you some idea of the scale of our business. However, our aim has always been to be the best at what we do, rather than just the biggest.

LV= is a financially strong name that you can trust. When you buy insurance products with us, you can be confident that we'll be around to pay the benefits for the term of the plan.

Clearly no jargon

We've designed easy to use customer guides to explain our products and the options clearly in plain English. Our customer advisers are also available to answer any questions you may have.


Our products are consistently award-winning - last year we won the Gold Standard Award for individual pensions, the Moneyfacts award for best equity release provider and the Financial Advisers 5-star Service Award for life and pensions.

UK's largest friendly society

At LV= it's our mission to treat people like family. As a friendly society our customers have a direct say in the way we run our business and as a result they're at the heart of any decisions.

Speak to an adviser to discuss your needs

You can phone us
Call our UK-based advisers for more information or a quote

Phone icon

0800 756 8083
Quoting offer code IELO

TextDirect: 18001 0800 756 8083

8.30am - 6pm Monday to Friday

Existing customer?

If you're a Financial Adviser please call:
0800 169 1111
TextDirect: 18001 0800 169 1111

We may record and/or monitor your calls for training and audit purposes.

Love Retirement

Take a look through our articles full of helpful ideas and inspiration to help you enjoy a happy retirement.

Why choose LV=

  • Award-winning products
  • UK's largest friendly society

Policy documents

  • Key features
  • Terms and conditions

Professional advice

Speak to one of the our advisers to find out more about our Fixed Term Annuity.