Aegon has designed a new retirement plan that guarantees 5% of invested capital as an annual income for life for those aged 60 or more. Dubbed '5 for life', the product offers the added benefit of allowing the investor easy access to the remaining capital at any time if needed. The product, which is run through the Dublin-based Aegon Scottish Equitable International business, provides some scope for investment growth and this can be locked in at certain times to offer a higher level of guaranteed income. It also offers a death benefit of 100.1% of the cash-in value or the original premium ...
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