ucts or market segments, ranging from lower income to high-net-worth individuals, and from small to large institutions. The Netherlands segment Life: Products with mortality, morbidity, and longevity risks, including traditional and universal life, in addition to employer, endowment, term, whole life insurance products; mortgages; annuity products; and banking products, including saving deposits. Pensions: Individual and group pensions usually sponsored by, or obtained through, an employer. Administration-only services are offered to company and industry pension funds. Non-life: General insurance, consisting mainly of automotive, liability, disability, household insurance, and fire protection. Distribution: Independent distribution channel, offering both life and non-life insurance solutions. This segment operates through various brands, including TKP Pensioen, Optas and Unirobe Meeùs. Aegon itself is a brand in the Dutch financial services sector. This segment’s primary subsidiaries are Aegon Bank N.V.; Aegon Levensverzekering N.V.; Aegon Schadeverzekering N.V.; Aegon Spaarkas N.V.; Optas Pensioenen N.V.; Aegon Hypotheken B.V.; TKP Pensioen B.V.; Unirobe Meeùs Groep B.V.; Aegon PPI B.V.; and Stichting CAPPITAL Premiepensioeninstelling. Business Lines This segment has four lines of business: Life & Savings; Pensions; Non-life; and Distribution. Life & Savings This business line provides a range of individual savings products, mortgage loans and life insurance and personal protection products and services, including traditional, universal and term life. Products Endowment Insurance: Endowment insurance includes various products that accumulate a cash value. Premiums are paid at inception or over the term of the contract. Term and Whole Life Insurance: Term life insurance pays out death benefits should the insured die during the term of the contract. Whole life insurance pays out death benefits in the event of death, regardless of when this occurs. Annuity Insurance: Annuity insurance includes products in the accumulation phase and products in the deaccumulation phase. Variable Unit-Linked Products: These products have a minimum benefit guarantee, except for premiums invested in equity funds. The initial guarantee period is 10 years. Mortgage Loans: Aegon the Netherlands mostly offers ‘annuity mortgages’. Mortgage loans are partly funded by issuing residential mortgage-backed securities in Saecure – Aegon’s Dutch residential mortgage-backed securities program. In 2015, Aegon the Netherlands increased its mortgage loan fee business. For this business, the company originates the mortgage loans fully for account of third parties and remains the service provider for these mortgage loans. Savings Accounts: Aegon the Netherlands offers flexible savings accounts with cash withdrawal with limited restrictions, and deposit accounts with a pre-determined maturity. Investment Contracts: Investment contracts are investment products that offer index-linked returns and generate fee income from the performance of the investments. Long-term deposits (‘Banksparen’): ‘Banksparen’ is a tax-deferred savings product in which amounts are deposited in a ‘locked’ bank account. The amount saved is available after a certain period of time for specific purposes such as for a supplementary pension or paying off a mortgage. Sales and Distribution: Aegon the Netherland’s Life & Savings products are sold through the company’s intermediary and direct channels. Pensions The Pensions business provides various full-service pension products to pension funds and companies. Products Aegon the Netherlands provides full-service pension solutions and administration-only services to company and industry pension funds, large companies and owners of small and medium-sized companies. The full-service pension products for account of policyholders are separate account group contracts with and without guarantees. Aegon the Netherlands also offers products for small and medium-sized companies, defined benefit and defined contribution products on a subscription basis. These products reduce complexit
aegon nv (AGN:EN Amsterdam)
The Hague, 2591 TV
Phone: 31 70 344 3210
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