Matrix Value Life Insurance
Due to the needs of our clients and the demands of the insurance market, AEGON continuously develops a variety of products, of which Matrix Value life insurance is one of the newest. Matrix Value provides insurance protection for a great variety of investment funds, while acting as a reliable financial partner for you.
Matrix Value Life Insurance is a multipart investment:
- It is very attractive because of the great variety of investment funds.
- It is an alternative possibility compared to other savings products.
- It provides life insurance protection that cannot be lower than the amount of the sum assured of the total premium payment that has been paid prior to the insurance event.
- It provides for yield tax optimization, since the benefits paid out after an insurance event are free of yield tax.
Investments can be adjusted to the changes in the money market
Matrix Value gives you the ability to choose among several investment funds, ranging from: investment funds in shares or bonds to the investment funds in the money-market to mixed equities. With so many options, you will surely find the best fund for your needs. (*)
You can change the allocation of your portfolio from time to time during the term, so you can manage your investment portfolio by your own yield expectations. The reallocation of your portfolio is free of yield tax.
The active portfolio-management of the client is supported by the insurer by the fact that the need to reallocate through AEGON Online Customer Service is free of charge.
The active portfolio-management of the client is supported by the fact that AEGON will not charge you if you desire to reallocate your portfolio. However, this service is free of charge, which only applies if you contact AEGON Online Customer Service.
You have the option to pay a minimum of 1 million HUF on top of the premium of the policy at any time during the term. With the top-up payment, you can allocate your additional investment into the best investment funds of your preference, independent of the allocation of the premium to date.
In expert hands
Features of the product:
Minimum premium: 3 million HUF
Payment frequency: Single premium and additional top-up premium is payable at any time (at least 1 million HUF)
Payment method: Transfer from bank account
Term: 10-25 years
Surrender, partial surrender: If you need your investment or a certain part in AEGON Select before the maturity date, from the second month of the term you may totally or partially surrender the policy, with the loss defined in the policy conditions.
Age at entry of the insured: 18-80 years (the age of the insured person at maturity may not exceed 100 years)
Insurance benefit: any kind of death (except for exclusions and exemptions in the policy conditions)
Sum assured will be paid out for the defined beneficiaries:
- In case of death, in 10 years of the term: the present value of the sum of the investment funds OR the amount of the total premium decreased by the amount of the partial surrender. The higher amount is paid out by the insurer.
- In case of death, after 10 years of the term: the present value of the sum of the investment funds multiplied by 101% OR the amount of the total premium decreased by the amount of the partial surrender and the periodical maturity benefit. The higher amount is paid out by the insurer.
Periodical maturity benefit: Due to the conditions of this product, you have the option to take out a formerly defined amount of money from the investment funds at every policy anniversary, without paying yield tax.
Can you avoid paying yield tax in with Matrix Value? – Of course!
The law of taxation created a rule for the yield income earlier, but the percentage of the yield tax was 0%. From 1st of September 2006, the percentage of yield tax changed to 20%. It has had a serious effect on the yield income of the individual policyholders.
Yield tax must be paid because of the yields which yield-period started after the 31st of August 2006. The savings life insurance products signed after this time are in a better position than other investment products because the laws in connection with personal income tax mention yield tax only in special cases. As a main rule, it is true that the benefits paid out for an insurance event are free of yield tax, and so are the maturity benefits at a minimum of a 10-year-long policy term.
The conditions of Matrix Value life insurance are very favorable for the laws of taxation:
- On the one hand, the term of the policy is at least 10 years long; on the other hand, the policy can only be signed by individual policyholders. Therefore, this product fulfils one of the requirements for both prosperous taxation and tax rebates.
- Further advantage of the Matrix Value is the option for a periodical maturity benefit. It means that at the 10th policy anniversary or at any anniversary of the policy, there is an option for the beneficiary, who can also be the policyholder, to withdraw some money from the policy under certain circumstances. The periodical maturity benefit, as well as the maturity benefit at the end of the term, is free of yield tax, since these benefits are due to insurance events. Accordingly, our client does not have any liability to pay taxes on the sum, but the total amount of resorted tax rebates are not paid back, either.
Flexible investment
- Our clients can closely follow the price of investment funds and the value of his or her investments using the Online Customer Service or by calling our Information Line: 06-40-204-204.
- Our company offers flexible investment options for our clients to maximize their capital.
- The policy-holders can choose any of the offered investment funds.
- The investment units can be reallocated from the second month of the term of the policy.
- The clients can decide to modify the allocation of the premium payment anytime. The premium paid after the modification is invested by the new allocation claims.
Details about Matrix Value product can be requested by email: info@imc2001.hu, at the account of IMC 2001 Ltd. Or by calling the following phone numbers of insurance agents: 06-30-517-318, 06-52-532-658, or 06-1-321-6553.
* The policy-holder takes the risks of the investments, since there is no capital-guarantee or yield-guarantee. Buying the units of the investment funds includes the risk for losing or decreasing the value of the units, as well as the value of the savings, mainly on the short run. The yields of the investment funds during the previous years do not mean any guarantee in terms of the yields in the following years.