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    • Guaranteed Annuities Lifestream Guaranteed Income

    WHAT IS AN ANNUITY?

    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.

    • DOWNLOAD APPLICATION FORM DOWNLOAD APPLICATION FORM

    KEY BENEFITS OF AIA ANNUITY

    KEY BENEFITS OF AIA ANNUITY
    • The ability to lock in a guaranteed return and the comfort of knowing your investment and income are secure no matter how the share market performs.

    • The option to receive your income for a fixed term or for the rest of your life as monthly, quarterly, half-yearly or yearly payments.

    • Tax-free regular payments for people over 60 who invest with money from their super (see PDS for full details).
    • Tax offsets for some people aged between preservation age and 60 who invest with money from their super.

    • At the end of the investment term you can access some or all of your initial capital investment.

    TYPES OF LIFESTREAM GUARANTEED INCOME ANNUITIES

    FIXED TERM ANNUITIES
    • Choose a fixed term from one to 30 years
    • Choose between zero and 100 per cent of your purchase price to be returned to you as a lump sum when the policy matures
    LIFETIME INCOME
    • Start receiving regular payments during your first policy year
    • Receive regular payments for the rest of your life
    • You can select a Guaranteed Period during which the Death Benefit Guarantee and Withdrawal Benefit Guarantee apply.
    • DEATH BENEFIT GUARANTEE
      DEATH BENEFIT GUARANTEE

      The Death Benefit Guarantee ensures that if an investor dies after starting their annuity, but before the end of their nominated Guaranteed Death Benefit Period, a lump sum amount may be payable to their estate or beneficiaries.

    • Withdrawal Benefit Guarantee
      Withdrawal Benefit Guarantee

      The Withdrawal Benefit Guarantee ensures that an investor receives a minimum lump sum amount, if they elect to make a full withdrawal during the Guaranteed Period.

      The Death Benefit Guarantee and Withdrawal Benefit Guarantee end either at life expectancy or at the end of the Guaranteed Death Benefit Period you choose when setting up your annuity.  

    *Terms and conditions apply. Refer to the PDS for more details.

    Who is this suitable for?

    Couple checking watch

    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.

    How to invest

    STEP 1: READ THIS PDS

    We recommend that you read this PDS carefully before investing in an annuity.

    STEP 2: GET A QUOTE

    • A quote will outline what your regular payments will be. To get a quote you can:
    • Contact your financial adviser, or
    • Call us on 1800 624 100 between 8:30am–6pm (AEST/AEDT), Monday to Friday, excluding public holidays.

    STEP 3: SEND US YOUR QUOTE AND COMPLETED APPLICATION FORM/S

    To apply for a guaranteed annuity, you need to provide:

    • a completed and signed application form
    • a valid quote (valid for 14 days)
    • identification and verification documents
    • the investment amount via cheque, direct deposit or super rollover

    The effective date of your annuity is the date all application requirements, including your investment, are received and accepted by us.

    FOR MORE INFORMATION

    Contact your financial adviser, or call us on 1800 624 100 between 8:30am and 6pm (AEST/AEDT), Monday or Friday, excluding public holidays.

    Forms and Documents

    Important forms

    • Guaranteed Annuities PDS
    • Application form
    • Tax File Number Declaration form
    • Withholding declaration form
    • Super Benefit transfer request form
    • Annuity Tax Guide 2020

    Identification and verification forms

    • Identification form - Australian Companies
    • Identification form - Australian regulated trusts and trustees
    • Identification form - Australian unregulated trusts and trustees
    • Identification form - Individuals and Sole Traders
    • Self Certification - Individual
    • Self Certification - Entity
    • Change of details form
    • Beneficiary form

    Awards

    Our Guaranteed Annuities Lifestream Guaranteed Income has won the following awards;

    • 2020 Association of Financial Advisers (AFA) Short Term Income Stream Award
    • 2020 Plan for Life Longevity Product - Term & RCV Award
    • 2020 Plan for Life Longevity Cover Excellence Award
    • 2019 Plan for Life Longevity Product – Multiple Annuity Portfolio Award
    • 2017 AFA Annuity & Income Stream Innovation Award 
    Annuities Awards
    Contact AIA

    1800 333 613

    PO Box 6111
    Melbourne VIC 3004

    infohub@aia.com

    AIA Global aia.com

    Contact AIA

    1800 333 613

    PO Box 6111
    Melbourne VIC 3004

    infohub@aia.com

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    Copyright © 2021. AIA Group Limited and its subsidiaries or affiliates. All rights reserved. Priority Protection and Priority Protection for Platform Investors products are issued by AIA Australia Limited (ABN 79 004 837 861, AFSL 230043). AIA Vitality, a personalised, science-backed program that supports members every day to make healthier choices, is available with eligible products issued by AIA Australia. AIA Health with AIA Vitality is issued by AIA Health Insurance Pty Ltd ABN 32 611 323 034, a registered private health insurer governed by the Private Health Insurance Act 2207, Private Health Insurance Rules 2007 and the AIA Health Insurance Pty Ltd Fund Rules. The information on this website is current as at 1 April 2021 and may be subject to change. It is general information only and is not intended in any way to be financial, legal, tax, health, medical, nutritional or other advice. You should consider your own personal circumstances and needs and view the relevant product documents, fact sheets, fund rules and terms and conditions before making a decision to acquire such products. If necessary you should obtain professional advice from a financial, tax, medical or health professional. Unless expressly stated, any views or expressions of opinion (including any video content) do not represent the opinion of AIA.
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