Registered Index-Linked Annuities
Registered index-linked annuities (RILAs) are designed to help you accumulate assets for retirement and provide some protection for a portion of your retirement assets. An RILA may be a good choice if you're willing to take on some level of risk with the opportunity to grow your assets. It's a way to participate in market gains – with a level of protection against market drops.
Registered index-linked annuities can offer:
- Performance potential through variable options and/or index options
- A level of protection through index strategies
- Tax-deferred growth
- Annuity payment options
- Death benefit option
How do RILAs work?
- You give the insurance company money in one or more payments.
- Some registered index-linked annuities, or RILA, let you customize your annuity contract based on your individual accumulation objectives and risk tolerance, by choosing from traditional variable options and index options.
- During the accumulation phase, your contract's value may increase – or decrease – depending on the performance of the investments you choose. RILA allow you to trade some potential gains from market growth in exchange for a level of protection from down markets.
- You defer paying taxes on your contract's gain until you receive money from the contract. Tax-deferred growth means the money in your contract can grow faster.
- After a period of time specified by your contract you may then receive the amount allowed by your contract in a lump sum, over a set period of time, or as annuity payments for the rest of your life. This is known as the distribution phase.
Allianz Life of NY RILA:
Allianz Index Advantage+ New York™ Variable Annuity
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RILAs are subject to investment risk, including possible loss of principal. Investment returns and principal value will fluctuate with market conditions so that contract value, upon distribution, may be worth more or less than the original cost.
Purchasing an annuity within a retirement plan that provides tax deferral under sections of the Internal Revenue Code results in no additional tax benefit. An annuity should be used to fund a qualified plan based upon the annuity’s features other than tax deferral. All annuity features, risks, limitations, and costs should be considered prior to purchasing an annuity within a tax-qualified retirement plan.
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.
For more complete information about Index Advantage+ New York® Variable Annuity and the variable option, call your financial professional or Allianz Life Financial Services, LLC, member FINRA, at 800.624.0197 for a prospectus. The prospectuses contain details on investment objectives, risks, fees, and expenses, as well as other information about the RILA and the variable option, which you should carefully consider. Please read the prospectuses thoroughly before sending money.
Guarantees are backed solely by the financial strength and claims-paying ability of the issuing insurance company and do not apply to the performance of the variable subaccount(s), 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, and distributed by its affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. (L40538-01-NY)
In the state of New York, only Allianz Life Insurance Company of New York is authorized to offer annuities and life insurance. www.allianzlife.com/new-york
Product and features are available only in the state of New York.
