Investment Pension Sample Clauses

Investment Pension. In the case of an Investment Pension, the net defined contributions for the participant/former participant are invested. The participant/former participant therefore invests for his/her pension. The Investment Pension will be converted into a Pension with Aegon Leven on the personal retirement date. The amount of the Pension depends among other things on the value of the Investment Pension at the time when the investments are sold, and also on the market interest rate used by the pension providers in setting their rates for the purchase of Pension on the retirement date. The participant/former participant may also choose a different pension provider. Net partner’s and orphan’s pension These are the pensions that the partner and children receive after the participant’s/former participant’s death. They comprise a net lifelong partner’s pension and a net temporary orphan’s pension. This is only paid out if the participant/former participant dies before his/her personal retirement date.
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Investment Pension. In the case of an Investment Pension, the defined contributions for the participant/former participant are used to invest. The participant/former participant therefore invests for his/her Pension. The Investment Pension will be converted into a Pension with Aegon Leven on the personal retirement date. The amount of the Pension depends among other things on the value of the Investment Pension at the time when the investments are sold, and also on the market interest rate used by the pension providers in setting their rates for the purchase of Pension on the retirement date. The participant/former participant may also choose a different pension provider. Guaranteed Pension In the case of a Guaranteed Pension, the participant/former participant can already purchase Pension before his/her retirement date. A Guaranteed Pension is an insurance policy that immediately gives the participant/former participant certainty about the amount of his/her Pension. He/she can ‘click’ his/her Investment Pension once only or periodically, by using (part of) his/her Investment Pension to purchase a Guaranteed Pension. Partner’s and orphan’s pension These are the pensions that the partner and children receive after the participant’s/former participant’s death. They comprise a lifelong partner’s pension and a temporary orphan’s pension. This is only paid out if the participant/former participant dies before his/her personal retirement date.
Sample 1Sample 2
Investment Pension. In the case of an Investment pension, the defined contributions for the participant/former participant are used to invest. The participant/former participant therefore invests for his/her Pension. The Investment pension will be converted into a Pension with Aegon Leven on the personal retirement date. The size of the Pension depends among other things on the value of the Investment pension on the personal retirement date and also on the market interest rate used by the pension providers in setting their rates for the purchase of Pension on the retirement date. The participant/former participant may also choose a different pension provider. Guaranteed pension In the case of a Guaranteed pension, the participant/former participant can already purchase Pension before his retirement date. A Guaranteed pension is an insurance that gives the participant/former participant immediate certainty about the size of his Pension. He/she can ‘click’ his Investment pension, once only or periodically, by using (part of) his Investment pension to purchase a Guaranteed pension. Partner’s and orphan’s pension These are the pensions that the partner and children receive after the participant’s/former participant’s death. They comprise a lifelong partner’s pension and a temporary orphan’s pension. This is only paid out if the participant/former participant dies before his personal retirement date.
Sample 1Sample 2
Investment Pension. In the case of an Investment pension, the defined contributions for the participant/former participant are used – after deduction of purchase costs – to invest. The participant/former participant therefore invests for his pension. The value of those investments will be converted into a Pension with Aegon Leven on the retirement date, after deduction of selling costs. The size of the Pension depends, among other things, on the value of the investments on the retirement date and also on the market interest rate used by the pension providers in setting their rates for the purchase of Pension on the retirement date. The participant/former participant may also choose a different pension provider. The maximum size of your Pension is determined by the tax rules.
Sample 1

Related to Investment Pension

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