AG Ascento Free

• Tax on insurance transactions
  Premiums will be subject to a 2% tax if the policyholder is a natural person and permanent resident of Belgium.

• Income tax
  Surrenders of the fund with a guaranteed return (Branch 21):
  partial surrenders in the first eight years will be subject to withholding tax.
  
  This will be calculated as follows: there are two components to the surrender value, the principal and the interest. Withholding tax will apply to the interest calculated at the notional statutory rate of 4.75%.
  
  Surrenders of a fund with no guaranteed return (Branch 23): are never subject to withholding tax.

To keep its online services safe from prying eyes and would-be fraudsters, the AG Employee Benefits platform was designed with the latest privacy and security innovations. AG Employee Benefits uses all necessary and reasonable means to guarantee the security of its systems.

Your password is randomly generated and sent to you by Banksys on secure paper.

Online consultation of your contract will be blocked automatically by our IT systems after three incorrect attempts to enter your password.

In the event of death, AG Employee Benefits will pay out the contract reserve to the designated beneficiary(ies).

If you wish, you can take out additional death benefit coverage. In this case, the death benefit will be equal to 130% of the value of the net premiums invested in the Rainbow Ivory fund less any surrenders. In the event of death, AG Employee Benefits will pay out the greater of the following calculations:

• the contract reserves at the time of death, or
  
  
• 130% of the gross premiums paid into the Rainbow Ivory fund, including transfers to this fund, less any surrenders and transfers from this fund to investment funds with no guaranteed return, plus the total value of the units invested in investment funds with no guaranteed return

You can name any natural or legal person as a beneficiary. You are also free to change your contract beneficiary(ies) at any time.

AG Ascento Free is also an effective solution for estate planning. When you take out your contract, an advisor will help you find the best way to secure your family's financial future. Depending on your personal situation, i.e. your family composition, your marriage contract, etc., our experts will point you in the right direction.

For example, the combination of an inter vivos cash donation plus an insurance investment product can be an interesting solution.

Information about the investment product:

This product incorporates ESG factors that allow it to make a positive impact on the environment and/or society and to limit negative impacts on the environment and/or society, through an appropriate selection of investments. Information on these ESG factors is available here. To find out more about AG's approach to sustainable and responsible investing, go to ag.be/investing/sustainability.

At the bottom of this page, in the legally required and contractual information section, you'll find the Sustainability Fact Sheet for the various funds available for this product as well as the corresponding annual report.

 

Information on insurance advice:

 

How does AG incorporate sustainability risks?

What is sustainability risk? This is the risk that the value of the investment will decrease if an adverse ESG event or condition should occur. For example, global warming and its potential to trigger more natural disasters. Such events can have a major impact on certain companies, forcing them to make exceptional policy decisions. This can have an impact on investment performance.

AG has developed life insurance solutions that take sustainability risks into account. In addition, as part of our AG Ascento service, AG also provides insurance advice for AG products only. This means that sustainability risks are automatically incorporated in the insurance advice you receive. At the current time, sustainability risks have not been tested with regard to your personal investment situation. Due to a lack of data, we are unable to assess the likely impact of these sustainability risks on the performance of life insurance contracts offered via AG Ascento.

Sustainability risks are also incorporated as part of AG's remuneration policy. More information can be found here.

 

How does AG take adverse impacts on sustainability factors into account?

Statement on Principal Adverse Impacts of investment decisions on sustainability factors

For all of its products, AG's investment policy takes into account the most significant adverse impacts that its investment decisions may have on sustainability factors. When we give you advice on AG Ascento products, you have a minimum guarantee that these adverse effects have been taken into account in the products offered to you.

In addition, in order to provide you with individually-tailored advice, we enquire about your needs and your personal situation, including your preferences regarding adverse impacts on sustainability factors. Your answers will have a direct impact on the advice you get from AG.

Branch 23:

Unit value fluctuation risk (market risk):

The value of a unit depends on changes in the value of the underlying assets and market fluctuations. The financial risk is borne entirely and at all times by the policyholder. As a result, in the event of any surrenders or when the contract reaches maturity, the unit value may be higher or lower than its value at the time the premium was paid. As such, policyholders must be aware that they may not necessarily (fully) recover the amount initially invested.

Liquidity risk

In certain exceptional circumstances, the sale of fund units may be postponed or suspended.

Fund management risk

: The funds are exposed to different risks depending on the investment objective and investment policy applicable to these funds and their underlying funds. In order to achieve this investment objective, fund managers may invest in different classes and types of assets in varying proportions according to market conditions and the investment policy for that particular fund. However, as no guarantees are made as to returns, there is always a risk that the investments made will not generate the expected results despite the managers’ expertise.

Bankruptcy of the insurer

Assets held in funds linked to life insurance policies are segregated, managed separately from the insurance company's other assets. If the insurer files for bankruptcy, these assets are reserved as a priority to meet commitments to the policyholders and/or beneficiaries of this fund.

Branch 21

: This contract is covered by the Guarantee Fund on the basis of the protection regime applicable to Branch 21 products. If AG Insurance becomes insolvent, this Fund will pay out a maximum of EUR 100,000 per policyholder and per insurance company. For higher amounts, only the first EUR 100,000 will be covered. This means the saver risks losing the remaining balance, in part or in full.