Hodge is no longer accepting new annuity business with effect from Friday 19th February 2021.
We have agreed a deal to sell the part of our business that is responsible for Annuities and Equity Release Mortgages, Hodge Life Assurance Company (HLAC) to Reinsurance Group of America (RGA) who are leaders in their field, subject to regulatory approval.
There will be no changes to existing annuity arrangements and payments to our annuities customers will continue. The transition to RGA will be seamless from a customer point of view.
All pipeline business will be honoured, subject to quotes being converted into applications within the 30-day validity period and offers completing within the three-month validity period.