Modification options

You are free to alter your investments and insurance protection during the term of Life Programs, Life Programs—Euro and the Care Programs.

With a view to responsible and effective decision-making, your financial advisor is at your disposal during the entire term.

How can you align our products to your needs in all life situations?

Please note that, in the case of contracts concluded after 31 December 2016, you may initiate insurance protection-related modifications from the second year of the term. Contracts concluded earlier may be modified anytime during the term.

As regards your savings, you may

  • choose new funds for your investments anytime
  • make profitable investments with higher single amounts anytime, too.
  • invest your top-up and regular savings into different funds.

 

As regards your insurance policies, you may

  • extend the insurance protection to a person important to you,
  • change the insurance protection according to your current life situation,
  • increase or decrease the insured sums,

according to the relevant contract terms and conditions.

If you wish to invest a larger single amount (even for a shorter term)...

You can invest top-up amounts on top of the regular premium. In the statement below, you may determine the amount you wish to invest and the asset fund in which to invest it. Please keep in mind that our products offer a competitive option to invest irregularly, generating funds even in a shorter term.

Statements for top-up payments:

If you wish to change the insurance protection...

Using this statement, you can give four types of orders:

  • Adding a new insured person to the contract.
  • Removing an insured person from the contract.
  • Modifying the supplementary insurance coverage for an existing insured person (also the insured sum in the case of Life Program—EUR).
  • Modifying the insured sum.

In the case of Life Programs and Life Programs—EUR, you can make these orders anytime—for most supplementary insurance coverage in terms of contracts concluded before 31 December 2016. In the case of contracts concluded after 31 December 2016, you may initiate insurance protection-related modifications from the second year of the term.

Statements for supplementary insurance products:

If you want to transform your existing investments...

With this statement you can order the switch of your existing investment units into other asset fund(s).  
  
With this statement you can order the switch of your existing investment units into other asset fund(s). 
  
In the case of Care Programs, you can use this statement... 

If you wish to put your future investments into other asset funds...

With this statement you can assign other funds to your regular premiums in the future.

Statements for redirection:

If you wanted to make your investment even more efficient...

If you wish that your investments always develop, despite the constant price changes, according to the investment policy set by you for the paid premiums then you can request the continuous revision and adjustment of the relative proportions of the asset funds you specified.

Within the scope of the Yield-monitoring services, we send you a mobile text and/or email notification if the price(s) of the asset fund(s) selected by you change, and we perform an automatic switch to make our investments more secure.

Statement for changing the investment strategy:

If you decide to suspend premium payment temporarily...

In the case of contracts concluded before 31 December 2016, you may request the suspension as well as the restoration of the premium payment of your contract. This option could be of great assistance in overcoming a situation in which you are not in the position to pay your premiums. 

Statements for premium payment suspension: 

If you would permanently cease paying your premiums...

In the case of contracts concluded after 31 December 2016, you may request waiver of premium after paying a premium for the contract at the beginning of term and you may also request the restoration of regular premium payment.

Statements for waiver of premium: 

If you require a greater amount...

You can withdraw money from your Life Program contract. Use this statement to notify your insurer about that.

Statements for lump sum withdrawal: 

If you need money for a few months...

You do not only have the option for a lump sum withdrawal from your contract but you also have the option for a regular withdrawal. This can be of assistance during tougher financial times. 
In the case of Care Programs, you can use this statement... 

How can you modify your insurance coverage?

Via the Allianz Client Portal: if you have a Client Portal contract then you can easily modify the sums insured, the insurance coverage and you can also extend the insurance protection to a person important to you.

With regard to contracts concluded after 31 December 2016, the chosen insurance coverage can be modified, or the contract can be extended to a new insured person, from the second year of the insurance period.

You don’t have a Client Portal account yet? Contact your insurance intermediary or visit an Allianz client relations office, where our colleagues will be at your disposal.

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