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People are living longer. Today’s generation of retirees – the so-called ‘Baby Boomers’ – are wealthier than any that has gone before it. This has effectively changed the nature of retirement completely, moving it from a relatively short phase of inactivity to a new ‘two-stage’ phase of life, where the early years (65-75) tend to be more active, compared to the latter years (75+) which can often bring some serious health problems and a greater strain on dwindling finances.
Get the best of both worlds ... The Just Retirement Fixed Term Annuity is an ideal solution for those clients looking for more control and flexibility in their retirement, but without investment performance risk during the selected term. It has some of the flexibility of conventional drawdown, including the ability to select an income within the GAD limits and more flexible death benefit options. The Plan can be used as an alternative to committing to a traditional lifetime annuity and also as an alternative to a conventional capped drawdown arrangement. With its optional conversion feature, it allows the client to keep their options open to convert their FTA Plan to another retirement income product, at any point during the Plan term, for any reason, if Plan Protection is selected at outset and financial advice is given.
As with all financial products, there are some potential risks associated with the Just Retirement FTA
Guaranteed Maturity Amount
You can download a quick guide to this product if you click on the below link: