Allianz Guaranteed Income for Life (AGILE) is a retirement income solution that combines growth potential with the security of a guaranteed lifetime income stream. It can bring increased certainty leading up to, and throughout, your retirement.

AGILE:

• provides the opportunity to grow retirement savings with protection against extreme market volatility
• ensures you have control and flexibility over your money; and
• gives total peace of mind knowing you will receive a guaranteed monthly income for the rest of your life.

You can access Lifetime Income payments whenever you’re ready anytime after one year of starting your AGILE investment.

If you have not commenced your Lifetime Income by the time you turn 100, it will automatically be turned on at your next anniversary date (or, if you have selected the Age Pension+ Option, after you reach Life Expectancy).

The minimum investment amount is $20,000, with a maximum investment amount of $5 million*.

* The maximum of $5 million applies in the aggregate of all investments in respect of a single Life Insured.

For some people, Age Pension eligibility will be an important source of income and benefits in retirement.

If this sounds like you, selecting the Age Pension+ option may help you become eligible for, or increase, the amount of Age Pension you can receive*.

* Selecting the Age Pension+ Option would vary the death, withdrawal value and lifetime income payable from AGILE. Access will be limited to the amount prescribed under the social security Capital Access Schedule. The investor’s applicable Lifetime Income Rates would also vary. The decision to elect the Age Pension+ Option at the applicable time+ is irrevocable and cannot be made or changed at a later date. 

You must choose whether or not you want to take up the Age Pension+ option at the earliest of commencing the Lifetime Income from AGILE or for superannuation investments meeting a Relevant Condition of Release (including reaching age 65) or for non-superannuation investments reaching Pension Age.

A product fee of 0.30% p.a. and a Lifetime Income Premium of 1.15% p.a.+ will be deducted annually from your AGILE Investment Value on the Anniversary Date, on the date of payment of a Full Withdrawal, or on the date of the later death of the Life Insured or Surviving Spouse (if applicable). The Lifetime Income Premium provides you with the certainty of guaranteed income for life, even if you outlive your savings*.  

+ Selecting the Age Pension+ Option means that the Lifetime Income Premium is no longer charged from the later date of the Investor: (a)  Commencing the Lifetime Income; and (b)  Meeting a Relevant Condition of Release (for Investors using superannuation money) or reaching Pension Age (for Investors using non superannuation money).  

* Meaning a Life Insured (or Surviving Spouse, if applicable) outlives the applicable Investment Value.

One of the key features of AGILE is that you can protect your investment from extreme market downturns.

In addition to being able to choose between Australian or Global equity market exposure, you have two levels of protection to choose from:

* Annual Return is before product fees, lifetime income premiumd and taxes (if applicable)

Each Protected Investment Option includes protection to reduce the impact on your Investment Value if the selected index falls, but also means there will be a Maximum Return potentially achievable in each year. A greater level of protection will mean a lower Maximum Return.

In the event of your death, you have peace of mind knowing that a benefit is payable to your beneficiaries or estate – whether death occurs in the Growth or Lifetime Income Phase.

Generally, we will pay a lump sum death benefit equal to your Investment Value^ (assuming this is greater than zero). If you have elected the Age Pension+ Option*, your death benefit will be the lower of the Investment Value and the Age Pension+ Maximum Benefit on Death. 

You can also elect to have your lifetime income continue to be paid for the lifetime of your surviving spouse by selecting the Spouse Insured Option.

How death benefits are paid will vary depending on whether you have invested with super or ordinary money. For more information, refer to the AGILE PDS or AGILE Super+ PDS. 

^ Benefit will be equal to the Investment Value on the date of payment if this is greater than zero. The benefit is calculated without applying any MVA.  

* Limited to the amount prescribed under the social security Capital Access Schedule.

The Lifetime Income Rate available to you will be determined from the date of starting your AGILE investment, and:

• is based on your age and gender at initial investment;
• increases every year you wait to access your Lifetime Income.

The Lifetime Income Rates on offer vary across the income options (Fixed or Rising, Single or Spouse Insured – see below) or if the Age Pension+ feature is chosen or applicable. The Lifetime Income Rates on offer to new investors are available here.

In the event of your death, you can have your lifetime income continue to be paid for the lifetime of your surviving spouse by selecting the Spouse Insured Option.

The Spouse Insured Option is available whether you choose to receive fixed or rising lifetime income. The Spouse needs to meet certain conditions outlined in the PDS at the time of death of the Life Insured in order to be eligible for the continuation of the income.

To learn more, refer to the AGILE PDS  or AGILE Super+ PDS .

Yes - if you choose the Rising option, your guaranteed income may increase each year with any positive return of the Australian Equity Index (up to a Maximum return) and will never decrease.

For more information, refer to the AGILE PDS  or AGILE Super+ PDS. .