Bonus plan
Pay part or all of your employees' variable remuneration into group insurance: enjoy tax benefits and a compelling return on investment.
More info
Looking for greater flexibility? With e-volulife group insurance, a defined contribution plan, you set the rules of the game and your staff members make their selection based on their individual needs.
e-volulife
Flexibility in 5 ways.
Freedom of choice for your staff members
Give them the opportunity to hand-pick the covers and investment funds that appeal to them, and invest the premiums and any profit sharing accordingly.
Invest in Branch 21, Branch 23 or both?
In this cafeteria plan, you select what works best for your company.
Immediate benefit
Your staff members have the option to take out a cash advance against their supplementary pension benefits to build, renovate or purchase real estate.
Streamlined data exchange
Say goodbye to mounds of paperwork. Manage your employees' data quickly and easily with AG EB Online.
All benefits in one handy app
With MyAG Employee Benefits, your staff members can access their benefits anytime and anywhere, via their computer or app. Plus they can also make use of services to boost their mental resilience (only via the app).
On this page:
Why opt for a cafetaria plan?
Unlike standard group insurance plans, a cafeteria plan such as e-volulife can be tailored to fit the individual needs of your staff.
You decide how your staff members can choose their covers and how their premiums (plus any profit sharing) will be invested in the investment funds.
Based on your pre-set "rules of the game", your staff members:
select the covers that appeal to them. They can, for example, assign a lower weighting to death benefit or disability coverage.
decide how they want their premiums and any profit sharing invested in the various funds you have selected.
For staff members that decide not to hand-pick any options, they will be entitled to the default group insurance options that you have selected for them.
You select the menu of options available in the cafeteria plan.
How does this plan work in practice?
As an employer, you regularly set aside a fixed contribution in a group insurance plan to build up a supplementary pension. With e-volulife, you provide your staff members with the opportunity to use a portion of the premiums to fund supplementary covers such as death benefit coverage or income protection benefits. Your staff members then decide how the premiums (and/or any profit sharing) will be invested based on their own individual preferences. Your role is to determine the options (DC plan) and the restrictions included in the cafeteria plan. The rest is up to your staff members.
Branch 21, Branch 23 or both?
Give your staff members the opportunity to invest in Branch 21 and/or Branch 23 funds. Or select a combination of both:
The Branch 21 fund offers a guaranteed return on investment, plus the opportunity to earn profit sharing (not guaranteed).
Branch 23 funds (with no guaranteed return) contain a mix of equities and/or bonds and/or other asset classes. The return will vary based on the performance of the underlying investments.
These two branches can also be combined: you can allocate the premiums to Branch 21 and invest the profit sharing in Branch 23. With our digital support, your staff members can easily change the way they want their investments allocated across the different funds.
Higher or lower weighting for covers
If you allow your employees to choose their supplementary covers, they can – from among your pre-set options – assign a higher or lower weighting to these covers as part of the cafeteria plan. For example, they can set aside a bigger or smaller share of the budget to increase or decrease their death benefit coverage.
Cash advances
Another option is to allow your staff members to take out a cash advance against their supplementary pension benefits. This way, they can use some of their accrued supplementary pension savings before their retirement to purchase or renovate real estate or to pay off a mortgage loan.
A unique plus point: digital support
AG Employee Benefits has capitalised on the digital revolution to provide you with additional value. For the benefit of you and your staff members, we’ve developed a unique digital platform that offers a multitude of possibilities, all designed to streamline the data transfer processin a user-friendly environment.
AG Employee Benefits & Health Care has capitalised on the digital revolution to provide you with additional value.
AG EB Online
Enrolling new staff members, managing current plan participants, exchanging other data... less administrative hassle, more convenience for your data transfer needs. With this user-friendly online tool, you're in complete control.
MyAG Employee Benefits
It's a secure, user-friendly app and platform for plan participants to find out everything they want to know about their corporate-sponsored group insurance. In just a few keystrokes, your plan participants can check the size of their supplementary pension as well as their death benefit coverage. And that’s not all – we’ve also incorporated their healthcare insurance. With MyAG Employee Benefits, they can also track the performance of their selected funds or change funds. All of the features in MyAG Employee Benefits are also available via your computer, but the services are only accessible via the MyAG Employee Benefits app.
- Handy features wherever and whenever your employees need them
In just a few keystrokes, your plan participants can check the size of their supplementary pension as well as their death benefit coverage. And that’s not all – we’ve also incorporated their healthcare insurance. - Services to help your staff members take care of their health (only on the app)
With the MyAG Employee Benefits app, they'll be entitled to a number of additional services to boost their mental resilience.
Easy access to a wide range of front-line care and support to stay mentally and physically healthy with My Mind by AG.
Information on sustainability
Depending on the selected funds, the plan 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 (FR - NL). To find out more about AG's approach to sustainable and responsible investing, go to ag.be/investing/sustainability.
You will also find more information in the Sustainability Fact Sheet (FR - NL) for each of the available funds in this product as well as the corresponding annual report (FR - NL).
For customers looking to double down on their commitment to ESG, AG also offers Branch 21 (FR - NL) and Branch 23 (FR - NL) products that take an even more advanced approach.
Want to find out more? Ask your questions about e-volulife or request a non-binding offer via the contact button. You can also check the AG EB Invest Dashboard for a clear and detailed overview of each of our funds.