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.

Investments can be made by, or in respect of, persons aged between 50 and 80, using either superannuation or non-superannuation money.

An investment in AGILE consists of two phases: the Growth Phase and the Lifetime Income Phase.

• During the Growth Phase, you can safely grow your AGILE Investment Value and maximise the guaranteed Lifetime Income Rate you will receive in the future.
• When you’re ready^ you can start the Lifetime Income Phase by converting your AGILE Investment Value into a guaranteed lifetime income stream. You’re guaranteed to receive monthly income for the rest of your life - no matter how long you live.

_{+ AGILE’s protected investment options provide exposure to market-linked returns (up to a maximum return) while eliminating or reducing losses resulting from market falls – giving investors the opportunity to safely grow their investment value before converting it into a lifetime income.}

_{^ An investor can switch on their lifetime income anytime after the third year of starting their AGILE investment. Lifetime income payments will automatically commence on the next Anniversary Date after an investor reaches 100 years of age (or after they reach Life Expectancy, if the Age Pension+ Option is selected). Where an investment is made through super, accessing lifetime income is subject to the relevant preservation rules.}

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 0.80% p.a. and a Lifetime Income Premium of 1.15% p.a. will be deducted annually from your AGILE Investment Value. The Lifetime Income Premium provides you with the certainty of guaranteed income for life, even if you outlive your savings*.

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

Investments can be made by, or in respect of, persons* aged 50 and 80 years. AGILE is designed for investment using either superannuation or non-superannuation money.

_{* Lives insured.}

You do not have to be retired or have met a condition of release to make an investment in AGILE.

Refer to the Target Market Determination (TMD) for further information about the type of customers AGILE may be appropriate for, based on their likely needs, objectives and financial situation.

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 premiums 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.

Whilst AGILE is designed to be held for your lifetime, there is the flexibility to access a lump sum if your circumstances change*.

AGILE investors can make full or partial withdrawals throughout the Growth and Lifetime Income phases. Please refer to the Product Disclosure Statement (PDS) for more information.

_{* During both Growth and Lifetime Income Phases, investors are free to make Full or Partial Withdrawals from their Investment Value at any time. During the Growth Phase, investors have access to a Free Withdrawal Amount (FWA) equal to 5% of their initial Investment Amount, available annually. Withdrawals in the first 10 years may be subject to a Market Value Adjustment. Withdrawals will also reduce their potential Lifetime Income Payments. If an investor selects the Age Pension+ Option, they will no longer have access to the FWA in the Growth Phase, and the available Withdrawal Value will be limited to the maximum amount allowable under the social security Capital Access Schedule.}

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

Generally, we will pay a lump sum death benefit equal to your AGILE Investment Value at the point of death (assuming this is greater than zero).

AGILE also offers you flexibility to tailor the death benefit to your preferences or circumstances by electing certain AGILE features along the way. For example:

• If you elect the ‘Spouse Insured’ option: AGILE lifetime income payments can continue to be paid for the remaining lifetime of your surviving spouse.
• If you elect the ‘Age Pension+’ option: (e.g. to help enhance your Age Pension entitlements) the amount of any lump sum death benefit payable is limited to a maximum amount*.

How death benefits are paid will vary depending on whether you have purchased AGILE with super or ordinary money. Refer to the Product Disclosure Statement (PDS) for more info.

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

You can access Lifetime Income payments whenever you’re ready anytime three years after 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 Lifetime Income Rate available to you will be determined from the date of starting your AGILE investment, and:

• is based on your age 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 you elect the Age Pension+ option. The Lifetime Income Rates on offer to new investors are available on our website.

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. To learn more, refer to the Product Disclosure Statement (PDS). 

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, and increase, the amount of Age Pension you can receive*. To learn more, refer to the Product Disclosure Statement (PDS). 

_{*  It’s important to be aware that selecting the Age Pension+ Option would vary the death, withdrawal value and lifetime income payable from AGILE. Withdrawals and death benefits will be limited to the amount prescribed under the social security Capital Access Schedule. The investor’s applicable Lifetime Income Rates may also be different under this option.}