Financial confidence. For Life.
Allianz Guaranteed Income for Life (AGILE)
Guaranteed Lifetime Income
Retire with certainty whenever you’re ready* and receive guaranteed income payments for life which will never decrease or run out.
Access funds at any time
Your money is not locked away and you can make partial or full withdrawals at any time+.
Protected performance
Opportunity to safely grow your Investment Value# while being fully or partially protected against market downturns.
Death benefit paid out
In the event of your death, you have peace of mind knowing that a death benefit is payable to your beneficiaries or estate^.
How it works
Continue to invest your savings with the flexibility of commencing your guaranteed lifetime income before, at or during retirement.
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Step 1: Invest
Allocate a portion of your savings or super into AGILE.
You have exposure to sharemarket-linked returns so your investment value has the potential to keep growing.
When combined with your increasing lifetime income rate, you have greater potential to increase the amount of guaranteed lifetime income you will receive.
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Step 2: Access
Enjoy retirement on your terms, when you're ready.
You can access your guaranteed lifetime income as early as 3 years after commencing your AGILE investment.
You are rewarded for waiting: your lifetime income rate increases each year, so the longer you defer, the higher it will be.
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Step 3: Enjoy
Retire with confidence and peace of mind.
Retire with confidence and the peace of mind that comes with knowing you will receive guaranteed monthly payments for life that will never run out or decrease.
Secure your income and enjoy your retirement
At Allianz Retire+, we are passionate about helping Australians live their best possible life in retirement. To learn more about AGILE, click on the video.
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.2
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* An investor can start their guaranteed lifetime income anytime after the third year of commencing the AGILE investment.
+ 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.
# Up to a Maximum Return.
^ In the event of death, 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 selected).
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 In respect of a Life Insured (or Surviving Spouse, if applicable).
Any information on this website does not take into account your objectives, financial situation or needs. For personal financial advice please speak to your financial adviser. Products will be issued by Allianz Australia Life Insurance Limited, ABN 27 076 033 782, AFSL 296559.
Allianz Retire+ is the business name of Allianz Australia Life Insurance Limited. By using this website you agree to access this Financial Services Guide.
Allianz Retire+ is the business name of Allianz Australia Life Insurance Limited. By using this website you agree to access this Financial Services Guide.