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The DEVK Vario Fund Annuity –
Your Flexible Guide to Financial Freedom in Retirement
Planning for retirement is one of the most important financial decisions you will ever make. The DEVK-Fondsrente vario offers you the opportunity to achieve this through flexible investment in selected funds to secure your future. In this blog post, we'll take a detailed look at the unique features and benefits of this product.
What is the DEVK Vario Fund Annuity?
The DEVK-Fondsrente vario is a unit-linked pension insurance policy that allows you to invest in various funds without paying any front-end loads. A front-end load is typically a fee charged when purchasing fund shares. With this product, these costs are eliminated, allowing you to invest your money more efficiently. In addition, the insurance company offers the option to switch your fund shares at any time, free of chargeto align them with your financial goals or market changes.
Benefits of the DEVK Vario Fund Annuity
- Investment Flexibility: Choose from a wide range of funds, including specialized fund-of-funds structures and ETFs that invest globally and can adapt to various market conditions.
- Tax Benefits: Income from the DEVK-Fondsrente vario is not taxable until it is paid out, and pension income is taxed only on the investment return portion, which can result in significant tax savings.
- Security Through Predictability: The amount of the pension can be predicted at the time the contract is signed, thanks to a guaranteed pension factor based on current actuarial assumptions and life expectancy.
- Flexible payment options: Choose between monthly, annual, or one-time payments, depending on your financial situation
- Capital Withdrawals: If needed, you can access portions of your accumulated capital without having to cancel your contract
- Adjustable Contributions: Adjust the amount of your contributions to reflect changes in your financial circumstances—whether your income increases or decreases
Fund Selection and Investment Strategies
The DEVK-Fondsrente vario offers various investment strategies, including: DEVK RenditePro Investment Strategy: A globally focused fund-of-funds strategy that invests up to 70% in equity funds and up to 30% in fixed-income funds. DEVK Investment Strategy RenditeMax: This strategy invests up to 100% in equity funds and aims to maximize return potential. iShares Core S&P 500 UCITS ETF: This ETF allows investors to invest cost-effectively in the 500 largest U.S. companies . It passively tracks the S&P 500 Index, keeping management fees low. This investment strategy offers broad market diversification and the potential for steady growth, making it ideal for long-term retirement planning.
DEVK's fund-based pension insurance offers a modern and flexible solution for retirement planning. By combining investment flexibility with security features, it adapts to customers’ needs and preferences while offering the opportunity for attractive returns. If you're thinking about the best way to plan for your retirement, this product might be an option worth considering.