Secure Advantage+™

Grow. Protect. Secure.

Grow. Protect. Secure.

Grow. Protect. Secure.

Protected

Capital

Lifetime

Income

An AXA Life Europe product

An AXA Life Europe product

Grow. Protect. Secure.

Protected

Capital

An AXA Life Europe product

An AXA Life Europe product

Grow. Protect. Secure.

Lifetime

Income

An AXA Life Europe product

Secure Advantage+™

Secure Advantage+™

Grow. Protect. Secure.An AXA Life Europe product

Secure Advantage+™

Secure Advantage+™

Secure Advantage+™

Secure Advantage+

Income Reward – meeting your income needs throughout retirement.

The Secure Advantage+ Pension Plan is designed to help you achieve three major financial objectives:

1A guaranteed income for the rest of your life

2Investment choice and

income flexibility

3Ability to pass on remaining

wealth to family

An investment solution for all or

part of your pension savings

Income Reward – meeting your income needs throughout retirement

The percentage rates shown above are a percentage of your Income Base, which is a notional amount we use to work out your Guaranteed Income Payments. It is different from the Plan Value. If you were to request any payments out of your Plan other than Guaranteed Income Payments, such as a Pension Commencement Lump Sum (PCLS), any payment(s) in respect of Adviser Charges or any Income Withdrawal(s), we would use the Plan Value to work out the amount of the payment(s). Any such payments from a Fund linked to a Lifetime Income Benefit would proportionately reduce the Income Base and any future Guaranteed Income Payments.

1 On a Plan anniversary, if the Fund Value is higher than both the amount invested and the highest previous anniversary’s Fund Value, the growth is ‘locked-in’ and the Income Base increases. This means that future Guaranteed Income Payments will increase too.

2 The 4.25% rate is based on starting to take income at age 65. The Guaranteed Income Rate that applies depends on your age (or if the Joint Life option is chosen, the age of the younger of you and your spouse/civil partner) at the date you start to take income. The full list of rates are available from your financial adviser. You must be aged at least 55 to start taking income from the Plan.

3 Lump Sums and Income Withdrawals can be taken at any time from the Income Start Date (minimum age 55).

This example is based on a customer aged 55 who invests in the Plan on a Single Life basis and starts taking an income at age 65.The Income Reward option is chosen. The Income Reward is added for every year income is not taken from the Plan. So, as income is delayed for 10 years, we will pay the Income Reward for the first 10 years that income is taken from the Plan.

On

deat

h, a

ny r

emai

ning

Pla

n Va

lue

can

be p

aid

to a

ny

reci

pien

t(s)

as

a Lu

mp

Sum

and

/or u

sed

to p

rovi

de in

com

e fo

r a d

epen

dant

Approaching retirementAccumulating savings

“Active” retirement higher income needs

“Passive” retirement reducing income needs

“Later” retirement income needs rising to cover

healthcare costs

The Plan Value can be locked-in as the new Income Base on any Plan anniversary1

Total 6.75% of the Income Base for the first 10 years

2.5% Income Reward each year

4.25%2 Guaranteed Income Payments each year.

Optional additional Income/

Lump Sum withdrawals from funds invested outside of the

Lifetime Income Benefit3

Income need curve

55 Age65 75

Inco

me

Plan

Val

ue

Investment Lock-In

Comparing Secure Advantage+ with other ways of creating an income for your retirement

Choose how much income

to take?

Flexibility to change your mind?

Potential for investment

growth?

Secure income as long as you live?

Guaranteed Death

Benefit?

Conventional Lifetime Annuity

✘ ✘ ✘ ✔✔

If a Guaranteed Payment Period

is chosen

Income Drawdown ✔ ✔ ✔ ✘ ✘

Secure Advantage+ (with the Lifetime Income Benefit)

✔ ✔ ✔ ✔ ✔

This table does not compare all aspects of these retirement income options. It is not meant to give advice and you should ask your financial adviser about whether this Plan, or any other retirement product, is suitable for your needs.

Important informationWhile a lifetime income is guaranteed from the Lifetime Income Benefit feature of this Plan, the Plan Value is not guaranteed and it can go up and down depending on the performance of your investments. If all or part of the Plan is transferred you may get back less than you invested. We deduct a charge for providing the Plan and the Lifetime Income Benefit, which will affect the growth potential of your Plan.

The guarantees provided under this Plan are provided only by AXA Life Invest. If we were to become insolvent, the guaranteed features of the Plan would be affected. You can read more about this in this Plan’s Key Features Document.

The Secure Advantage+ range of plans is underwritten by AXA Life Europe Limited. AXA Life Europe Limited, trading as AXA Life Invest, is authorised by the Central Bank of Ireland, and is subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Details about the extent of our regulation by the Financial Conduct Authority and Prudential Regulation Authority are available from us on request. Registered in Ireland under number 410727. Head office: 3rd Floor, Guild House, Guild Street, IFSC, Dublin 1, Ireland. Member of the AXA Group.

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What to do next

This document is intended to be an introduction to the Secure Advantage+ Pension Plan. It is not a full and complete description of the features, risks and charges associated with this Plan.

We would recommend that you speak to your financial adviser if you would like more information. They will be able to tell you more about the Plan, other retirement income options available and whether this Plan is suitable for your needs. Your adviser will also be able to give you a Personal Illustration and a copy of this Plan’s Key Features Document, which you should read before making a decision to invest in this Plan.