ALLIANZ LIFE LOYALTY

Giving meaning to your savings for your future projects

Supporting you in achieving your future projects

Financing a project, enhancing capital, protecting your loved ones, securing your standard of living for the future, organizing your succession…

To support you in achieving your future projects, we offer Allianz Life Loyalty, a group life insurance contract with optional membership, of a multi-support type, subscribed by the ANCRE association with Allianz Life.

Its tax framework is advantageous both in the case of buybacks (withdrawals) and in the event of death(1):

• In the case of a buyback, only the earnings (capital gains) from the savings are subject to social and tax levies. From the 8th year, an annual allowance of €4,600 for a single person or €9,200 for a married or civil partnership person subject to joint taxation is applicable for determining tax levies.
• In the event of death, the capital accumulated is transferred to the beneficiaries you have freely designated, whether they are your heirs or not, and does not enter the estate. It is subject, after allowances, to specific taxation.

Your savings remain available (except in special cases – for example: accepting beneficiary) and you can invest additional payments among a wide range of investment supports and financial options.

Based on your objectives and your personal, family, and asset situation, your Advisor develops with you the most suitable wealth strategy and supports you in your life moments.

GOOD TO KNOW

Already a holder of an Allianz life insurance contract? Thanks to the PACTE law, Allianz contracts (single-support and multi-support) may be transferred free of charge (excluding additional payments) to Allianz Life Loyalty, while retaining their tax seniority. Consult your Advisor to see if your contract has this option. They will provide you with the conditions and terms and will discuss with you the opportunity to carry out this operation.

(1) According to the regulations in force as of 01/08/2023.

Giving meaning to your savings

The investment support offering aims to integrate, into classic financial analysis, Environmental, Social, or Governance (ESG) factors, and notably offers certain funds labeled Socially Responsible Investment (SRI). The goal is to better manage risk and generate sustainable long-term performance. The respect of the extra-financial characteristics of the contract depends on the selection of the supports made.

The euro support, Allianz Euro Fund, is based on the general assets of Allianz Life. Allianz France is committed to an ESG integration approach and takes into account sustainability risks throughout the investment value chain. This support is associated with a loyalty guarantee and a dynamization of its performance presented on the next page.

Composed of about a hundred supports, the unit-linked support offering is diversified across all asset classes, geographical areas, sectors of activity, management styles, or investment themes and is open to a variety of management companies. It notably includes rigorously selected ESG-character funds and stands out for its total transparency on fees.

Evolving, it ensures better diversification and a permanent adaptation to market developments. As of July 1, 2023, 60 supports of the contract fall under Article 9 of the European Regulation known as “SFDR” or are eligible for central communication within the meaning of the Position – Recommendation DOC-2020-03 of the AMF. This represents 34.8% of the supports of the contract. You can find their sustainable dimension by clicking here.

To seize even more diversification opportunities, unit-linked supports whose valuation is uncorrelated from financial markets allow for easy access to complementary assets. For example, in real estate, private equity, real assets serving the energy transition, or even formula funds as part of limited-time marketing campaigns with specialized management companies.

By investing in unit-linked supports, you benefit from the performance potential of financial markets, but you take a risk of capital loss. Indeed, your insurer commits to the number of unit-linked supports but does not guarantee their value. This is subject to fluctuations, both up and down, depending on the evolution of financial markets.

Unit-linked supports: investment supports

Investment supports representing a share of an asset (government or corporate bonds, stocks, Collective Investment Organizations, real estate, formula funds, private equity…), whose value fluctuates with the markets. They present a higher performance potential in exchange for a risk that, assessed over time, may tend to be lower. Under the same name, unit-linked support, the performance potential and thus the exposure to risk can be very different, depending on the represented asset, from low to very high.

ESG

Refers to Environmental, Social, and Governance criteria that generally constitute the three pillars of extra-financial analysis:

• Environmental: waste management, reduction of greenhouse gas emissions, and prevention of environmental risks…
• Social: accident prevention, respect for employee rights, social dialogue…
• Governance: independence of the board of directors, combating fraud and corruption…

SRI Label

Created in 2016 by the Ministry of Economy and Finance, its goal is to enable savers, as well as professional investors, to distinguish investment funds implementing a robust socially responsible investment (SRI) methodology, resulting in measurable and concrete outcomes.

It is by making responsible investment choices that we can shape a better and sustainable common future.

Reward your loyalty and dynamize your savings

To reward your loyalty

A loyalty guarantee is associated with the Allianz Euro Fund support, for a loyalty period that ends on March 1 of the sixth year following membership(2). With the loyalty guarantee, the annual participation in the profits of the euro support is set aside to constitute a capital that will be available at the end of the loyalty period.

Each year, the amount of the profit participation attributed to the euro support is fully reinvested in unit-linked supports of the Allianz Dynamic Multi Asset Strategy 15 SRI support, in order to be dynamized. This support is calibrated to provide an increase in performance while controlling risk. Its value may fluctuate up or down depending on the evolution of financial markets.

The key point to remember: any buyback before the end of the loyalty period reduces the number of unit-linked supports of the guarantee proportionally.

Advantages of this Allianz loyalty guarantee:

• All unit-linked shares abandoned due to buybacks are redistributed to members who joined in the same year.
• Allianz commits, in any case, to enhance by at least 10% the number of unit-linked supports owed to you under the loyalty guarantee at its maturity.
• A total buyback does not result in the loss of the loyalty guarantee if it is necessary to cope with a life accident such as: disability of the member, their children, spouse, or civil partnership partner, cessation of the self-employed activity of the member following a judicial liquidation.

Expiration of member rights

• Unemployment benefits
• Death of spouse or civil partnership partner
• Over-indebtedness of the member
• Disability of a child of the member

In case of occasional liquidity needs, contact your Advisor, solutions tailored to each situation will be proposed.

To dynamize your savings

After the loyalty period, the automatic reinvestment of the profit participation of the euro support continues towards the unit-linked support, Allianz Dynamic Multi Asset Strategy 15 SRI, a dynamization support of the euro fund that is now part of your available savings.

This reinvestment allows for the hope of an additional return if the markets progress, while limiting the risk to only the profits of the euro support.

Illustration

The annual profit participation of the euro support is reinvested in the Allianz Dynamic Multi Asset Strategy 15 support.

Loyalty Guarantee

Allianz increases by at least 10% the number of unit-linked supports due under the loyalty guarantee at its maturity.

Euro Support

• Year of membership

(Except in the special case of membership by transfer when the original contract or membership is more than 5 years old.)

Offering you a turnkey management with a responsible dimension, adapted to your profile

Information circulates faster and anticipating economic cycles is a delicate exercise. Investing in unit-linked supports requires knowledge and time to analyze economic and financial information and responsiveness in decision-making.

By choosing the Tailored Management option or the Access Plus option, you benefit from Allianz Life's expertise to select, monitor, and allocate investment supports based on the evolution of the economic and financial environment while respecting the management orientation of your investment profile. The detailed terms of these options are described in the Information Notice.

Allianz experts develop allocations composed of funds prioritizing ESG extra-financial criteria. The investment strategy of the Climate and Human management orientations is focused on themes related to environmental challenges (climate transition, water and waste management, clean energies…) and demographic issues (consumption, health, food, education, security…).

The Tailored Management option

The proportion of each category of investment supports is determined by the performance/risk potential pair of each management orientation. We carry out 2 to 5 reallocations per year to rebalance these proportions due to fluctuations in the valuation of supports and market configuration.

The Access Plus option

Investment supports are selected and allocated with flexibility and responsiveness. The frequency of reallocation may be monthly, to capture opportunities in financial markets and take into account the macroeconomic context, while respecting the performance/risk potential pair of each of the three management orientations.

Option accessible from €100,000.

13 management orientations are available:

• Performance potential

  • Offensive Cap
  • Dynamic Cap
  • Balanced Cap
  • Defensive Plus Cap
  • Defensive Cap
  • Tailored Management
  • Offensive Climate and Human Cap
  • Dynamic Climate and Human Cap
  • Balanced Climate and Human Cap
  • Defensive Plus Climate and Human Cap
  • Defensive Climate and Human Cap
  • Access Plus
  • Offensive Future Management
  • Dynamic Future Management
  • Balanced Future Management

• Risk level

The investment of the Climate and Human Defensive Cap, Climate and Human Defensive Plus Cap, Climate and Human Balanced Cap, Climate and Human Dynamic Cap, and Climate and Human Offensive Cap orientations is carried out without restriction in any sector of activity.

You have the time, willingness, knowledge, and experience necessary to select investment supports and monitor their evolution. Compose, with the help of your Advisor, the combination of supports most suited to your objectives and your investment profile. This way, you maintain autonomy in decision-making.

To help you manage your capital, we also offer free options for programmed reallocations: Performance Securing, Progressive Dynamization of payments, or Progressive Dynamization of capital. Their terms are detailed in the Information Notice.

Strengthen your protection or that of your loved ones

While life insurance meets many savings needs, death in the event of market downturns, accidents, disability, or dependence can compromise the main insurance operation. To allow you to complete and personalize your savings and to strengthen your protection or that of your loved ones, you have the option, with Allianz Life Loyalty, to opt for optional complementary guarantees at the time of membership or even later.

• Death Floor: to ensure, in the event of death before age 86, the transmission of a capital at least equal to 100% or 120% of the payments (depending on the chosen floor guarantee option), less any fees and possible ongoing buybacks and advances, regardless of the cause of death and the evolution of financial markets.
• Death Protection: for the payment of an additional capital, in the event of death following an accident occurring before age 86, equal to the death capital (additional capital up to €1,000,000).
• Disability Protection: to receive additional capital in the event of total and permanent disability following an accident occurring before age 67, equal to the capital constituted at the recognition of the disability status (additional capital up to €1,000,000).
• Dependence Protection: to receive additional capital, in the event of total dependence before age 86, equal to half of the capital constituted at the recognition of the dependence status (additional capital up to €200,000).

All the conditions and exclusions of these optional guarantees are described in the Information Notice of Allianz Life Loyalty.

Allianz with you

Proximity

We offer tailored support, carried out in close proximity with our 1,750 General Agents, 1,600 Advisors. The relationship between you and your Allianz contact is also strengthened by easier access to your Client Space. You gain autonomy and access numerous online services:

• Consult the valuation of your membership and carry out your operations online: payment, allocation, and buyback, according to the terms of the contract.
• Simplify your procedures and find your documents online (situation statement…) 24/7 with the e-mail service.

Strength

Present in 70 countries, Allianz is the leading European insurer and the world's top insurance brand. In an environment subject to many uncertainties, Allianz has one of the best financial ratings in the market: carried out by independent agencies, the financial rating allows for the evaluation of the solidity of an establishment and indicates to investors the degree of confidence attributed based on the published accounts. Allianz is rated AA by Standard & Poor’s (with a stable outlook) and Aa3 by Moody's (stable outlook), two reference players in this field, placing it among the most reliable players in its category.

Commitment

The Allianz Group is committed to the Net Zero Asset Owner Alliance. As an insurer, we inherently have a societal role to play. As an investor, we are convinced that we must build a more sustainable and resilient economy. To this end, we engage in initiatives aimed at limiting global warming to 1.5°C.

In 2019, Allianz participated in the creation of the Net-Zero Asset Owner Alliance, which now brings together more than seventy asset owners committed to achieving net-zero carbon emissions in their portfolios by 2050.

To this end, Allianz has announced its interim decarbonization targets by the end of 2024 for three asset classes. To achieve these targets, Allianz France is exploring investment opportunities in new technological solutions, such as hydrogen and carbon sequestration systems.

The ANCRE association, a daily commitment by your side

The ANCRE, NATIONAL ASSOCIATION for the COVERAGE of risks, RETIREMENT, and SAVINGS is an independent association, law 1901, that represents the interests of its members.

The ANCRE association is the subscriber of the Allianz Life Loyalty contract. By subscribing to this contract, you also join the ANCRE association and thus benefit from the collective dynamics of an association in terms of savings, retirement, and insurance.

For more information about ANCRE: www.ancre-vie.com

1. 1st market capitalization in Europe as of 12/07/22.
2. According to the Interbrand ranking of the best brands 2022.
3. Ratings as of 26/06/2023.
4. Ratings as of 25/01/2023.

(Website of rating agencies: www.standardandpoors.com; www.moodys.com).

For more information, your Advisor is at your disposal.

Allianz Life
Company governed by the Insurance Code
Public limited company with a capital of €681,879,255
1, cours Michelet – CS 30051 - 92076 Paris La Défense Cedex
340 234 962 R.C.S. Nanterre
www.allianz.fr

ANCRE
NATIONAL ASSOCIATION for the COVERAGE of risks, RETIREMENT, and SAVINGS
Association governed by the law of July 1, 1901
27, boulevard des Italiens - 75002 Paris
www.ancre-vie.com

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COM33978 - V10/23 - Realization: A-Equus - Photo credits: ©Getty Images/Bill Oxford/Lepretre Pierre/Anne-Sophie Bost - ©iStock by Getty Images/Aleksandar Nakic/Turbodesign777.