Key facts
AEGON Secure IncomeHere you can find out the key facts of AEGON Secure Income.
| Description | A lump sum investment product, known in the industry as a single premium investment bond. |
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| Basis the bond can be issued on | It can be set up to cover:
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| Age eligibility |
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| Minimum investment | £15,000 |
| Minimum additional investment | We don’t allow additional investments into the same bond, but you could take out a new bond. |
| Maximum investment | £1 million across all our guaranteed products. We will consider investments over £1 million on a case-by-case basis. |
| Number of bond policies | The bond is made up of 10,000 individual policies. This amount can’t be changed. |
| Payment method |
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| Guaranteed income* | You can take up to 5% guaranteed income a year, based on the original investment amount. Guaranteed income will continue to be paid until we’ve paid you back an amount equal to your original investment. Find out more the in the guarantee options section. If this option is selected, we’ll charge a guarantee option fee based on the fund choice. Details of the charges are shown below. |
| Guaranteed benefit | Guaranteed benefit if it exists is only payable at the end of the guaranteed income period. Find out more about the guaranteed benefit and how we calculate it in the guarantee options section. |
| Guaranteed death benefit | For an additional cost you can select this option. If you select this option, if the last person covered by the bond dies before the end of the guaranteed income period, we guarantee to pay at the very least your original investment less guaranteed income taken to date. But it could be more than this, read more in the guarantee options section. At the end of the guaranteed income period, the death benefit is 100.1% of the cash-in value. Please note: this benefit isn’t available as a stand-alone option. It can only be selected with the guaranteed income option. If the guaranteed death benefit option isn’t selected, the death benefit on the bond will be 100.1% of the cash-in value. If this option is selected, we’ll charge a guarantee option fee based on the fund choice. Details of the charges are shown below. |
| One-off withdrawals | The minimum one-off withdrawal is £50 One-off withdrawals are only available by cashing in on or more policies. Please remember additional withdrawals will proportionately reduce any guarantees on your bond. |
| Fund choice | There’s a choice of set portfolios to choose from and access to our UK Cash fund. Find out more about our what’s available in our fund choice section. |
| Charges | Please see the Charges section for the charges that can apply to the bond. |
*With AEGON Secure Income, the fund value can fall as well as rise and isn’t guaranteed. If you decide to cash in your bond before the end of the guaranteed income period or don’t select the guaranteed death benefit 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.
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.