ABCs of annuities
What is an annuity?
You may have heard about annuities – but how do they work, and what makes them different from other financial products? Watch to learn the two phases of an annuity and what it can offer to new and soon-to-be retirees – including a level of protection from market downturns, lifetime income, a death benefit during the accumulation phase, and additional customized benefits. For information on how an annuity from Allianz Life Insurance Company of New York could add to your overall retirement strategy, visit https://www.allianzlife.com/new-york/annuities.
Protection and income benefits may be built into the contract and provided through optional riders that are available for an additional cost.
Variable annuities are subject to investment risk, including loss of principal, and contract values fluctuate daily. Investment returns and principal value will fluctuate with market conditions so that units, upon distribution, may be worth more or less than the original cost.
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Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of New York and do not apply to the performance of the variable subaccounts, which will fluctuate with market conditions.
• Not FDIC insured • May lose value • No bank or credit union guarantee • Not a deposit • Not insured by any federal government agency or NCUA/NCUSIF
Products are issued by Allianz Life Insurance Company of New York, 1633 Broadway, 42nd Floor, New York, NY 10019-7585. Variable products are distributed by its affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297.
Product and features are available only in New York and may vary by broker/dealer.
Withdrawals will reduce the contract value and the value of any potential protection benefits. Withdrawals taken within the contract withdrawal charge schedule will be subject to a withdrawal charge. All withdrawals are subject to ordinary income tax and, if taken prior to age 59½, may be subject to a 10% federal additional tax.
