LV= enhances Fixed Term Annuity offering with new benefits
All new Fixed Term Annuity customers will be eligible for a mutual bonus award after the first 12 months.
LV= has announced enhancement to its Fixed Term Annuity, LV= Fixed Term Annuity for customers and LV= Fixed Term Investment for trustees.
All new Fixed Term Annuity customers will be eligible for a mutual bonus award after the first 12 months.
LV’s mutual bonus is a way of rewarding eligible members for their support of the development and growth of the business and since 2011, it has distributed over £300m.
In 2023, LV= distributed £20m in mutual bonuses to eligible members.
New customers will also receive immediate access to LV= member benefits and additional support services, like LV= doctor services.
The upgraded offering also provides optional streamlined death benefits to give better protection for beneficiaries.
This includes value protection and the ability for the plan to be transferred to a new beneficiary, offering more security and control over financial planning.
New customers can choose terms ranging from 3- to 25-years, with the flexibility to adapt their plans as circumstances change.
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