Living Time Solutions

Living Time was a pioneer in the Fixed Term Annuity market, bringing innovation and greater choice to IFAs and their clients.

To download our corporate brochure, click here »

Since the launch of the Living Time Plans in 2006, the market for Fixed Term Annuities has become well established and now more and more IFAs are including them as part of their recommendations to clients, alongside traditional solutions such as Lifetime Annuities and Income Drawdown.

Watch our video

We have created this short video that explains how the Living Fixed Term Annuity approach can help you ‘offer more options’ to your clients, improving your service proposition and increasing the value of your business.

The Living Time Plans

Living Time Plans offer an ideal ‘middle way’ for clients who don’t want to have to choose between the certainty of an annuity OR the flexibility of Drawdown...they want to have some of the benefits of both!

• The Living Time 75 Plan - an alternative to a Lifetime Annuity for terms of 9 years or more
  
• The Living Time Income Plan - an alternative to conventional Drawdown or a Lifetime Annuity for terms of 3 years or more
  
• The Living Time Personal Investment Plan - an alternative trustee investment for clients in a SIPP or SSAS

We believe the success of the Living Time proposition is a combination of the simplicity of the products, the flexibility of the solution and the strength of our service.

Adviser Guide (hover)

• Click the icon below to download our Adviser Guide to Living Time Plans.
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What are the risks?

• Future income
  Annuity rates may be lower in the future.
  
  The income that the Guaranteed Maturity Amount (GMA) can buy at the maturity date is not guaranteed. It may be higher or lower than the amount a Lifetime Annuity would pay if purchased now.
  
  The higher the income level the client selects at the outset of their Plan, the lower the Guaranteed Maturity Amount at the end of the Plan term, which in turn will reduce the future level of income the client can obtain.
  
  
• Death benefits
  If the client does not select at least one of the death benefit options under the Plan and they die during its term, no further Plan benefits will be paid, i.e. their remaining pension fund will be lost.
  
  
• Income levels
  The client's chosen income may be restricted throughout the term of their Plan by limits set by the Government Actuary's Department (GAD).  Any income that cannot be paid because of a restriction will be added to the GMA, plus interest at a gilt rate determined by Alico.
  
  
• Inflation
  Inflation will reduce what the client can buy with their income in the future.
  
  
• No withdrawal or changes
  Once we have received the client's application for a Living Time Income Plan they will have 30 days to change their mind. After that, their funds cannot be moved or their benefits changed until the end of their chosen term.