Member Benefits
Learn more about the range of benefits available to AIA Health Insurance members.
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{{label}}An annuity is a low-risk investment product that guarantees a regular income, either for a fixed term or for life.
In general, guaranteed annuities aren’t affected by share market movements or interest rate fluctuations, so you can rely on a consistent source of income.
By diversifying your retirement income streams and including an annuity, not only are you less exposed to risk, but there may be tax and social security benefits of using a combination of guaranteed annuities, account based income streams and other income streams.
If you invest in a Lifetime Income – immediate annuity:
If you invest in a Lifetime Income – deferred annuity:
The Death Benefit Guarantee ensures that if the Policy Owner dies after starting their annuity but before the end of Guaranteed Period, a lump sum amount will be payable to their estate or Reversionary Beneficiary.
The Withdrawal Benefit Guarantee ensures that the Policy Owner receives a minimum lump sum amount if they elect to make a full withdrawal during the Guaranteed Period.
*Terms and conditions apply. Refer to the PDS for more details.
Anyone looking for secure income
Annuities offers a guaranteed regular income for a fixed term, with all or part of your purchase price returned to you at the end of the term, or lifetime from a date you select for the rest of your life.
Retirees
When purchased with super money, our Lifestream Guaranteed Income annuities offers a guaranteed income with tax benefits for individuals or couples of preservation age.
People transferring wealth
Annuities offer a secure wealth transfer for individuals who want to provide for their beneficiaries.
Corporations, trusts and funds
From large corporates to family trusts, organisations large and small can also benefit from the security of an annuity and as a way of diversifying their income streams.
AIA Australia has prepared a Target Market Determination which describes the class of consumers that comprise the target market for this product. The Target Market Determination can be sourced at aia.com.au/tmds.
We recommend that you read this PDS carefully before investing in an annuity.
To apply for a guaranteed annuity, you need to provide:
The effective date of your annuity is the date all application requirements, including your investment, are received and accepted by us.
Contact your financial adviser, or call us on 1800 624 100 between 8:30am and 6pm (AEST/AEDT), Monday or Friday, excluding public holidays.
Identification and verification forms
Our Lifestream Guaranteed Income annuity has won the following awards: