Allianz Guaranteed Income for Life (AGILE) is a flexible retirement income solution that provides the certainty that comes from combining a protected investment with potential for performance growth, with a guaranteed lifetime income.
Protection + Choice + Certainty + Flexibility = AGILE
Protection
Total or partial protection from adverse market movements.
Choice
Choose when to start your guaranteed lifetime income.1
Certainty
Guaranteed income payments for the rest of your life.
Flexibility
Access your investment value anytime.2
The Growth Phase
Build your retirement savings
Potential to safely grow your AGILE investment value and maximise your guaranteed lifetime income.
Lifetime Income Phase
Receive a guaranteed lifetime income
Convert your AGILE investment value into a guaranteed lifetime income when you’re ready.1
Key features of AGILE
Protected performance
Potential to grow your retirement savings by accessing market-linked returns (up to a maximum return) with protection against downturns.3
Lock-in income certainty
Remove uncertainty by locking in a known lifetime income rate – with guaranteed annual increases every year you wait to start your income.
Guaranteed lifetime income
Start your guaranteed lifetime income as soon as you’re ready1, with a choice of fixed or rising payments. You may also choose to have income payments continue for the lifetime of your spouse.
Access fund at any time
Withdraw some or all of your investment when needed.2
Death benefit
Paid out upon the later death of the Life Insured or surviving spouse (applicable if the Spouse Insured Option is selected).
Age Pension+ option
May qualify you for additional Age Pension eligibility due to AGILE being subject to a reduced assets test treatment.4
Plan for Life Excellence Awards 2023
We are delighted to share the exciting news that our longevity solution, Allianz Guaranteed Income for Life (AGILE) has won the Innovation - Product award at the fifth Annual Plan For Life Excellence Awards for 2023 – in the Longevity Cover category.
Frequently Asked Questions
AGILE caters for two types of investments:
- Superannuation money as invested by a superannuation trustee (ie via eligible superannuation funds, including platform superannuation, or your SMSF); and
- Non-superannuation or ordinary money as invested by individuals, companies or trusts, including investments made through platforms.
Your lifetime income can be turned on after an initial three-year period after commencing your AGILE investment.
AGILE offers the option of rising income payments. Under this option your guaranteed income will increase each year by any positive annual return of the Australian equity index (up to the Maximum Return).
Increases to your income accumulate over time, and will never go backwards – even if the index delivers a negative return.
You can access some or all of your investment value at any time.
During the Growth Phase, investors have access to a Free Withdrawal Amount (FWA) equal to 5% of the initial Investment Amount, available annually. Withdrawals in the first 10 years may be subject to a Market Value Adjustment. If the Age Pension+ Option is selected, the investor can no longer access 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.
If you are invested with super money, your withdrawal will be paid to your super fund to be invested in other investment options and can only be accessed if you meet a condition of release and/or super fund rules.
For non-superannuation money, we will pay out any remaining investment value to your nominated beneficiary or estate in the case of individuals, or to the company or trustee for non-superannuation money, (including through a Platform). For superannuation money, we will pay out any remaining Investment Value to the superannuation fund trustee.
If the Age Pension+ Option is chosen, the amount payable on death will be subject to a maximum known as the Age Pension+ Maximum Benefit on Death, which may be greater or less than the Investment Value at that time.
If the Spouse Insured Option is chosen, in the event of death of the Life Insured, the Investor will continue to receive the Lifetime Income Payments for the remaining lifetime of the Surviving Spouse, or the Investor may choose a lump sum payment.
No Market Value Adjustment will apply to the Investment Value paid on death.6
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1 Anytime after the third year of the commencement of your AGILE investment, you can start your guaranteed lifetime income. Lifetime income payments will automatically commence when the life insured reaches 100 years of age (or after the life insured reaches Life Expectancy if the Age Pension+ Option has been selected).
2 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.
3 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 you the opportunity to safely grow your investment value before turning on your lifetime income stream.
4 For investors who select the Age Pension+ Option, investors may no longer have full access to the Investment Value on death. Access will be limited to the amount prescribed under the social security Capital Access Schedule.
5 It’s important to be aware that selecting the Age Pension+ Option would vary the death, withdrawal and lifetime income payable from AGILE.
6 In respect of a Life Insured (or Surviving Spouse, if applicable).