The Retail Propositions business offers multi-channel investment related pension and savings products, operating within the group. In 2022, and beyond, the business will develop its product and service proposition to attract new customers and drive business growth aligned to its strategic ambitions. Life cover is a very important policy that pays out a tax-free lump sum or regular payments in the event of your death or being diagnosed with a terminal illness while covered by the policy (provided your life expectancy is less than 12 months).