But there is a third way, which is temporary guarantees. With temporary guarantees you get the best of both worlds – keeping your options open but with guaranteed income and/or capital for periods between three and 30 years. You are, after all, still in drawdown with a temporary guarantee! Locking in guarantees without throwing away the key would appear to be an excellent way to deliver income outcomes for many. If the use of lifetime guarantees is rising, should the use of temporary guarantees rise too?