i2Live Drawdown is an unsecured pension product that allows your clients to:
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select an Income Guarantee Option to ensure they never receive less than a guaranteed minimum annual amount for the rest of their lives
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take an income from their pension fund (including Protected Rights) up until age 75, without being locked into one annuity rate
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continue investing in equities with a choice of over 70 funds managed by expert fund managers
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choose and vary how much income they want and how often, from zero to a maximum annual limit, until age 75
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take 25% of the fund as Pension Commencement Cash Lump Sum when they transfer-in
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convert part or all of the fund to the i2
Live Annuity at any time on or before their 75th birthday
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select phased retirement - moving existing pension funds into the product in stages to meet their income needs
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buy an annuity from another provider
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provide an income or lump sum for dependants on their death.
Who is it for?
Clients should be at least 50 years old, maximum 74 years.
A lower minimum age may be allowed if they are seriously ill or incapacitated.
What is the minimum investment?
Minimum initial investment £50,000. To select the Income Guarantee Option £10,000 must be transferred into i2Live Drawdown.
Subsequent investment: £5,000 with the Income Guarantee Option, £250 without the Income Guarantee Option.
Download i2Live Drawdown key feature document
Download i2Live Drawdown application form
Download Lincoln i2Live customer brochure
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