First medically underwritten buy-in expected within weeks

clock

Partnership expects to complete a medically underwritten bulk annuity deal within the next few weeks in a transaction believed to be the first of its kind.

The deal involves gathering medical information on members using a single-page questionnaire and using the information to set an aggregate price for insuring their liabilities. The insurer said it had been offering the proposition since the start of the year, targeting schemes with between 20 and 100 pensioner members. Director of corporate partnerships Will Hale (pictured) said: "We have been hugely encouraged. We have been working with all the major consultancy firms and have a pipeline of about 30 prospects which are at various stages from indicative quotes through to a couple whic...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Income

A refreshed conversation on retirement – the road to a rewarding later life

A refreshed conversation on retirement – the road to a rewarding later life

‘Retirement is not a once-and-done process’

Lorna Shah
clock 05 September 2025 • 4 min read
UK borrowing costs rise as gilt yields surge to near 27-year high

UK borrowing costs rise as gilt yields surge to near 27-year high

30-Year gilt yields rose to highs last seen in 1998 on Monday

Linus Uhlig
clock 19 August 2025 • 2 min read
M&G's opens fixed term annuity to UK retail market after soft launch

M&G's opens fixed term annuity to UK retail market after soft launch

Prudential Guaranteed Income Plan backed by £128bn With-Profits fund

Jenna Brown
clock 22 July 2025 • 1 min read