UK: Will temporary annuities take off?

Will temporary annuities take off? The news that LV is looking to launch a fixed-term annuity, revealed in this week’s Money Marketing, has prompted a thoroughly positive response so far... Living Time is currently the only provider in this market. Its income plan offers customers a guaranteed income for a minimum of three years up to age 75 and a guaranteed capital value at maturity, which is determined at outset...

The firm has suffered somewhat as a result of AIG’s near collapse in September, because its underwriter, Alico, is a wholly owned subsidiary of the insurer...

Money Marketing UK: Will temporary annuities take off?
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