| | | | | Remove uncertainty by locking in a known Lifetime Income Rate | | Allianz Guaranteed Income for Life (AGILE) is a flexible retirement income solution that provides a guaranteed lifetime income. One of the unique features of AGILE is the ability to lock-in a known lifetime income rate – with guaranteed annual increases every year you wait to start your income. | |
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| | John's Lifetime Income example | | To better understand how AGILE helped John secure his future lifetime income rate of 8.20% p.a., let’s look at how John's lifetime income rate is calculated. | | John’s age is 55 at commencement of his investment in AGILE, making his Age-Based rate 4.60% (John chose the Lifetime Income - Fixed option). Each year John delays starting his lifetime income and remains in the Growth Phase, his Age-Based Rate increases by his Annual Income Escalator of 0.30%. | | John elects to wait 12 years and at age 67 decides to commence his guaranteed lifetime income, meaning his Lifetime Income Rate has grown to 8.20% (4.60% Age Based Rate + 3.60% Total Income Escalator) of his investment value at that time. | | Current Lifetime Income Rates including the Age-Based Rate and the Annual Income Escalator can be viewed here. |
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| | Why is your Lifetime Income Rate important? | | Your Lifetime Income Rate is crucial because it determines the percentage of your Investment Value you will receive as income when you elect to start your guaranteed Lifetime Income payments and will vary depending on when you commence your Lifetime Income and which Income Options you choose. | | How is your Lifetime Income Rate calculated? | | Your Lifetime Income Rate1 begins with your Age-Based Rate1 and increases by a guaranteed annual rate (known as the Annual Income Escalator) for every year you wait to start your lifetime income. |
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| | | | Age-Based Rate | | Your Age-Based Rate is the foundation of your Lifetime Income Rate - it’s determined by: | | • | Your age when you start your AGILE investment; and | | • | The payment option you choose when commencing your Lifetime Income. |
| | You’ll be advised of your Age-Based Rate at the Commencement Date, and this will not change during your investment. |
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| | | | | Annual Income Escalator | | An Annual Income Escalator is added to your Age-Based Rate for each complete year you remain in the Growth Phase. | | The longer you remain invested in the Growth Phase, the higher your guaranteed Lifetime Income Rate will be. | | Your Annual Income Escalator rate is also known at the time you commence your AGILE investment and will not change during your investment. |
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| 1A different set of Age-Based Rates and Annual Income Escalators may apply depending on whether: | | - Rising or fixed payment options are selected | | - The Age Pension+ Option is selected; and | | - The Spouse Insured Option is selected. | |
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| | AGILE is now available to advisers on the HUB24 platform through HUB24 Invest & HUB24 Super. | | | If you would like to learn more about how AGILE can help your clients, please reach out to one of our friendly team members or book a meeting today. | |
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| | | We’re here to support you in delivering an independent and rewarding retirement to your clients and members. Reach out to your Allianz Retire+ representative today. | | | |
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| | This material is issued by Allianz Australia Life Insurance Limited, ABN 27 076 033 782, AFSL 296559 (Allianz Retire+). Allianz Retire+ is a registered business name of Allianz Australia Life Insurance Limited. | | The information is current as at April 2024 unless otherwise specified. This information has been prepared specifically for authorised financial advisers and super fund trustees in Australia, and is not intended for retail investors. It does not take account a person’s objectives, financial situation or needs. Before acting on anything contained in this material, you should consider the appropriateness of the information received, having regard to your objectives, financial situation and needs. The returns on the Allianz Guaranteed Income for Life (AGILE) product are subject to a number of variables including investor elections, market performance and other external factors, and may differ from the information contained herein. Past performance is not a reliable indicator of future performance. | | No person should rely on the content of this material or act on the basis of anything stated in this material. Allianz Retire+ and its related entities, agents or employees do not accept any liability for any loss arising whether directly or indirectly from any use of this material. | | Use of the word ‘guarantee’ in this material refers to an assurance that certain conditions or contractual promises will be fulfilled by Allianz Retire+ from the available assets of its Statutory Fund No 2, in relation to the product terms. This includes ‘guaranteed’ income payments in the Lifetime Income Phase which will be paid from the available assets of Statutory Fund No 2, noting that Allianz Retire+ may terminate the product in certain limited circumstances as outlined in the Product Disclosure Statement referred below. | | Allianz Australia Life Insurance Limited is the issuer of AGILE. Prior to making an investment decision, investors should consider the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD) which are available on our website (www.allianzretireplus.com.au). | | PIMCO provides investment management and other support services to Allianz Australia Life Insurance Limited but is not responsible for the performance of any Allianz Retire+ product, or any other product or service promoted or supplied by Allianz. Use of the POWERED BY PIMCO trade mark, or any other use of the PIMCO name, is not a recommendation of any particular security, strategy or investment product. | | HUB24 Custodial Services Pty Ltd is the operator of HUB24 Invest (an investor directed portfolio service), promoter and service provider of HUB24 Super which is a regulated superannuation fund. The trustee and issuer of interests in HUB24 Super is HTFS Nominees Pty Limited ABN 78 000 880 553, AFSL 232 500, RSE Licence No. L0003216. No entity within the HUB24 group nor HTFS Nominees Pty Ltd guarantees any payments under AGILE and is not responsible for the performance of any Allianz Retire+ product, or any other product or service promoted or supplied by Allianz. © HUB24 | Allianz Retire+
GPO Box 4181, Sydney, NSW 2001
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