Common use of Investment Pension Clause in Contracts

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.

Investment Pension. In the case of an Investment Pension, the net defined contributions for the participant/former participant are investedused 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 size 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.

Investment Pension. In the case of an Investment Pensionpension, the net defined contributions for the participant/former participant are investedused to invest. The participant/former participant therefore invests for his/her pension. The Investment Pension pension will be converted into a Pension with Aegon Leven on the personal retirement date. The amount size 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.

Investment Pension. In the case of an Investment Pensionpension, the net defined contributions for the participant/former participant are investedused to invest. The participant/former participant therefore invests for his/her pension. The Investment Pension pension will be converted into a Pension with Aegon Leven on the personal retirement date. The amount size of the Pension depends among other things on the value of the Investment Pension at pension on the time when the investments are sold, 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. 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.