investors respond to 5% of invested capital income for life promise
Aegon Scottish Equitable has quoted more than £200m in business since the launch of its 5 for Life plan, on 18 September. Steven Whalley, head of marketing for investment products at Aegon Scottish Equitable, said the plan, which offers investors a guaranteed income of 5% of invested capital from the age of 60 for the rest of the policyholder's life, irrespective of financial market conditions, had been met with a strong response. He said although it is early days, the average premium size was around £60,000, twice the level anticipated and significantly higher than the minimum investment...
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