Guarantee options

5% guaranteed income for 20 years

Although your fund value can go up as well as down, we guarantee that you’ll receive 5% of your original investment for 20 years — whatever the market conditions. Even if your fund value falls to zero, you’ll still get 5% of your original investment.

With the guaranteed income option, the fund value can fall as well as rise and isn’t guaranteed. If you decide to cash in the plan before the end of the guaranteed income period or don’t select the guaranteed death benefit option along with the guaranteed income option and the last life assured dies before the end of the guaranteed income period, what we pay out isn’t guaranteed and you may not get back the amount you originally invested.

We charge a guarantee option fee for the guaranteed income option. How much we charge depends on the fund choice selected. You can find out more in the charges section.

Take less to last for longer

You don’t have to take 5%, but you can’t take more than this. Taking less income means your guaranteed income will last for longer. If you chose to take 4% of your investment, for example, you’d receive a guaranteed income for 25 years. Whatever you choose to do, you’ll get a guaranteed income until we repay you an income equal to your original investment.

Guaranteed benefit

Your guaranteed benefit means that, once we’ve paid you an income equal to 100% of your original investment, your fund value will be at least equal to the difference between your original investment and the highest recorded fund value (explained below). Your guarantee(s) will be reduced proportionately for any additional withdrawals taken.

Each year on the bond anniversary, we’ll look at the fund value on each month over the previous 12 months — we call these points ‘monthiversaries’. If any of these values are higher than the current highest recorded fund value, or original investment in the first year, we’ll make this the new highest recorded fund value. We’ll always use the highest recorded fund value when calculating the guaranteed benefit.

The only circumstance in which the guarantees wouldn’t apply is if AEGON Ireland plc failed. In this event, the benefits from your bond may be affected.

Investment returns aren't guaranteed and although the income is guaranteed with AEGON Secure Income, the fund value isn't - so it could fall as well as rise.
 

With our guaranteed death benefit option, you can protect the money you’d like to pass on to your family.

You can select this option along with the guaranteed income option.

If you select the guaranteed death benefit option, when the last person covered by your bond dies, we guarantee to pay the higher of:

• 100.1% of the cash-in value of your bond, or
• the highest recorded fund value (recorded on the bond anniversary) less any guaranteed income and reduced proportionately for any non-guaranteed withdrawals taken

This applies when you haven’t already received a guaranteed income equal to the amount you originally invested.

Please speak to your financial adviser to find out how taking additional withdrawals will affect the guarantees.

Once you’ve received a guaranteed income equal to your original investment, the guaranteed death benefit no longer applies. In this instance, if a cash-in value exists, we’ll pay out 100.1% of the cash-in value of your bond if the last person covered by the bond dies.

Please note: this benefit isn’t available as a stand-alone option. You can only select it with the guaranteed income option. If you don’t select the guaranteed death benefit option, the death benefit on the bond will be 100.1% of the cash-in value. 

The only circumstance in which the guarantees wouldn’t apply is if AEGON Ireland plc failed. In this event, the benefits from your bond may be affected.

Investment returns aren't guaranteed and although the income is guaranteed with AEGON Secure Income, the fund value isn't - so it could fall as well as rise.