Axa Life Invest revamps death benefit guarantees

Legacy Protect is a modification to its original death benefit guarantee Protect 75, launched to de-risk income drawdown - which became more popular as a result of pension freedom. The firm said it undertook extensive consumer and adviser research to tailor the product to help clients meet their desired outcomes. Savers who take out the death benefit guarantee can choose to protect assets to age 65, 75 or 85. The option also locks in asset value, which Protect 75 did not, and is not underwritten. Clients can also cancel at any time. Protection until age 65 costs 0.05%; until age 75...