Aegon 5 for life

Originally launched in September 2006, Aegon's 5 for Life was the first 'third way' product of its kind to be offered in the UK. Sitting between a purchased life annuity and an investment bond, the product offers investors a choice they had never had before: control of fund and certainty of income. Until the launch of 5 for Life, investors had two options - capital growth potential or annuity income. Of course, they could split their investments between the two options; however, they were effectively diluting the potential benefits by doing this. Any time from age 60, investors can take 5...