AEGON Secure Income

An overview

AEGON Secure Income, from AEGON (a brand name of AEGON Ireland plc), can provide you with comfort and security in an unsettling climate.

Guarantee options

AEGON Secure Income guarantees your income for a minimum of 20 years, as well as providing an optional guaranteed death benefit and a guaranteed benefit potentially payable at the end of the guaranteed income period.

Guaranteed income option - 5 % for 20 years

It gives you a guaranteed income — whatever happens in the markets. Your guaranteed income won’t go down unless you choose to take extra withdrawals from your bond. Find out more in the guaranteed income option section.

Guaranteed benefit - lock in growth

We’ll review your fund value each month, and lock in the highest monthly fund value on the bond anniversary if it’s higher than the previous locked-in value. The difference between your original investment and the locked-in value is called your ‘guaranteed benefit’.

Once you’ve received all of your guaranteed income payments, we’ll pay into your bond the difference between the guaranteed benefit (if one exists) and the fund value at the end of the guaranteed income period.

Guaranteed death benefit option - leave something behind

Give yourself peace of mind - you can take the bond out in your name and have it cover you and any dependants. If the last person named on the bond dies during the guaranteed income period, a money-back guarantee could be paid. Find out more about this option in the guaranteed income and guaranteed death benefit section.

Flexibility and control

Access your money at any time

If circumstances change, you can access your money whenever you need to — giving you freedom and flexibility. We may apply a cash-in charge for additional withdrawals — this depends on how you and your financial adviser decide on how to pay for your bond.

If you want to take additional withdrawals from your bond, you must do this by cashing in complete policies. It’s not possible to take an additional withdrawal over all policies.

Investment choice

There’s a range of Core and Multi-manager portfolios to choose from, with passive and active management to suit a wide range of needs, plus access to our UK Cash fund.

Talk to your financial adviser about how best to make these decisions. Charges will vary, depending on your fund choice. To find out about the funds we have available, take a look at the funds section.

Take less for longer

You can choose to take less than 5% guaranteed income. 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.

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.