The Flexklusiv pension model includes classic and unit-linked pension plans as well as basic pensions.
The Wiesbaden-based financial services provider, Delta Lloyd, will present a new pension model at the DKM trade fair next week. Flexklusiv offers customers greater flexibility.
The product gives customers a choice between classic and unit-linked pension plans and can also be changed at any time during the contract, and at no extra cost. For example, a customer who has chosen a classic pension and therefore maximum security could later decide to change to a unit-linked pension if the financial markets pick up, and take advantage of the chance of higher returns.
The option of changing back to the classic pension would of course also always be open. A further alternative is to change to a tax-privileged basic pension.
Classic pensions with four different profit systems
For classic pensions, the model includes the Delta Lloyd RenteGarant classic and invest which already offer great flexibility in the use of profits. With the Delta Lloyd RenteGarant classic, the customer can choose between interest-bearing account, bonus or premium-offset variants.
If an interest-bearing account is chosen, the compound interest means that assets accrued are increased; the bonus variant increases the pension paid out in the future, whereas premium offset uses the profits to reduce the contributions for an unchanged pension. With the RenteGarant invest, profits are invested in funds.
In this way the customer can on the one hand enjoy the high level of safety offered by a classic pension, but on the other take advantage of the chances of higher returns from the financial markets. Once again, both variants of the RenteGarant allow switching between the different profit systems free of charge at any time.
No loss of capital in the event of death
RenteGarant offers additional security for next of kin through its guarantee that, in the event of death during the saving or pension drawing period, the premiums paid in will be repaid, so the assets will not be lost under any circumstances.
Maximum flexibility
The option of switching at any time between RenteGarant variants and the different profit systems is not the only benefit for Delta Lloyd customers. They can also transfer the capital they have accrued to a unit-linked pension at any time, and vice versa. In this way the customer can adapt their pension provision according to current market developments and therefore aim for greater security or the chance of higher returns.
First-rate unit-linked pensions
Delta Lloyd’s unit-linked pensions regularly receive the highest ratings from independent rating institutions and stand out for the high level of flexibility that they offer, as well as for a wide range of investments. Depending on their tariff, the customer can put together a portfolio from up to 34 funds. Alternatively, they can have their fund assets actively managed by Delta Lloyd's experts. As a third alternative, they can choose a guaranteed fund with the highest-level of guarantee and therefore maximum security. All three investment variants can be freely combined one with the other, and the choice and distribution of funds can be changed at any time at no cost. The assets in the fund can be increased at any time by means of flexible cash payments. As a further bonus, partial withdrawals are possible during the term of the contract at no cost. This means that, in times of financial difficulty, a break from contributions can be arranged, after which the contract will simply continue.
High guaranteed annuity factor
Because of the above-average guaranteed annuity factor, the guaranteed pension from Delta Lloyd is among the highest on the market. Through the guaranteed annuity factor, the pension for every €10,000 of plan assets is guaranteed without limitation from the start of the policy. This means that with the Delta Lloyd unit-linked pension, a 25-year old, based on a period of 40 years, with a monthly premium of €100 will have a guaranteed pension of €596 per month. The assumed increase in value is 6% pa, with the pension being drawn in the form of a dynamic pension and with a 10-year guarantee period.
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For further information:
Martina Fassbender
Telephone: 0611 773 25 71
E-mail: martina.fassbender@deltalloyd.de
Notes to editors:
About Delta Lloyd:
Delta Lloyd Germany is a 100% subsidiary of Delta Lloyd Group, Amsterdam, and therefore part of the British Aviva Group. The company offers a wide range of financial, investment and provident products and also provides expert advice on all financial matters. In addition to Delta Lloyd Leben and Hamburger Leben, a pension fund and a consultancy for occupational pension schemes, the Delta Lloyd Group in Germany also comprises the private bank Gries & Heissel and a mortgage brokerage.