People today want the confidence to spend in retirement and enjoy the continuity of their lifestyle. They need certainty and flexibility from their investment strategies, and solutions to the unpredictable financial outcomes that can exist in retirement.
Protection + Choice + Certainty + Flexibility = AGILE
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.
The next-gen retirement income solution that evolves with you
The features of AGILE designed to provide increased certainty in retirement.
How AGILE works
AGILE comprises two key stages – the Growth Phase and the Lifetime Income Phase – and provides you with the confidence and flexibility you need to plan for, and thrive, in retirement.
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 ready1.
Is AGILE right for you?
AGILE is for those nearing retirement or already in retirement who want the certainty and confidence that comes with guaranteed income payments for the rest of their lives. You should also consider the AGILE Target Market Determination which sets out the target market for AGILE.
AGILE is for investors who want:
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 death6.
Read the AGILE PDS
Learn more about AGILE by reading the product disclosure statement.
Contact our team
Our team of experts can answer your questions about AGILE.
Apply for AGILE
Complete an online appliction and apply for AGILE.
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).