MGM Advantage takes a bow on annuity red carpet

Category: Annuities
Date: 3/8/2010

MGM Advantage has put in an Oscar winning performance with the launch of its Flexible Income Annuity plan.

Prospective retirees happy to accept some investment risk will welcome the addition of this asset backed annuity to the market.

The minimum investment of £10K is relatively low, while enhanced terms are available for people with health impairments.

There is a choice in starting income level of between 50% and 120% of that payable from a conventional annuity, while a minimum income guarantee is also included.

Offering access to a total of seven different investment funds, including one of cash, there should be something for everyone.

In terms of income flexibility and guarantees, this product really is the star turn and earns a maximum five out five Moneyfacts stars.

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Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at anytime.