|
 Just are serious about listening to and acting on feedback from the retirement advice community. As a result, they’ve enhanced the death benefit feature of their Secure Lifetime Income solution that provides a guaranteed income producing asset alongside investment portfolios on platform.
What this means is, from Thursday, 8 May 2025:
- You're able to choose, according to your clients’ needs:
- 100% death benefit, reducing by 1x income — for clients whose objectives include legacy planning; or
- No death benefit — for clients where the priority is producing a potentially higher lifetime income.
For your clients, the simple structure can help ensure ease of understanding and decision-making.
- The cash-in feature is no longer available and all new quotes are now based on the new terms.
- The Secure Lifetime Income value shown on platform is consistent and equal to the purchase price minus income. This is regardless of whether death benefits are chosen or not.
Existing and new quotes
Guaranteed quotes for Secure Lifetime Income produced prior to release of the enhanced death benefit feature on Thursday, 8 May 2025, are based on the original terms and expire after the standard 35 days. There are no extensions or requotes possible on the original terms after the release and the Requote button on the Spire portal quote system has been disabled.
Following the release of the enhanced death benefit feature on Thursday, 8 May 2025, all new quotes are now based on the new terms.
For more detailed information on how Secure Lifetime Income can benefit your clients, please book a consultation or visit the Secure Lifetime Income page.
|
