With an Allianz Vision New York Variable Annuity, the first step in creating your
retirement strategy is choosing a contract that will best meet your financial needs.
You would like some options, and Allianz Vision New York offers you two:
- Base Contract - this option offers access to your entire contract value without
a withdrawal charge after seven years for an annual mortality and expense (M&E)
risk charge of 1.40%.
- Bonus Option Contract - this option offers a bonus on each purchase payment (prior
to age 81) with access to your entire contract value without a withdrawal charge
after nine years for an annual M&E charge of 1.90%. As with all bonus variable annuities,
please understand that they may carry higher fees and charges than variable annuities
without the bonus feature.
The M&E charge is based on the net asset value of the investment options.
No matter what option you choose, your contract includes:
- Free withdrawals: During accumulation, if you need access to your money,
you can withdraw up to 12% of your purchase payments each contract year without
a withdrawal charge. Any withdrawals will reduce your optional benefits by the
percentage of the contract value withdrawn. Any gains withdrawn are considered ordinary
income for tax purposes and, if taken prior to age 59½, may be subject to
a 10% federal tax penalty.
- Traditional death benefit: If you should die prior to receiving their entire
contract value or annuitizing your contract, your beneficiaries will receive the
greater of your contract value or purchase payments, adjusted for withdrawals. You can also select the Quarterly Value Death Benefit for an additional charge.
- Withdrawal charge waiver: In the event you need nursing home care any time
after the first contract anniversary, you can access your entire contract value
without any withdrawal charges. The nursing home waiver may not be available in
all states. The waiver is effective when the owner becomes confined to a nursing
home for a period of at least 90 consecutive days and a physician certifies that
continued confinement is necessary.
Optional protection benefits
- Income Focus rider – A lifetime income benefit that guarantees income for as long as you live in the form of withdrawals, with access to your contract value for a period of time. For more details, including the current annual rider charge, please refer to the
Income Focus rider brochure.
- Income Protector rider – A lifetime income benefit that guarantees income
for as long as you live in the form of withdrawals, with flexible access to your
contract value. For more details, including the current annual rider charge, please
refer to the
Income Protector rider brochure.
- Investment Protector rider – An accumulation benefit that provides a level of protection for the principal you invest, with the potential to lock in a percentage of the highest annual contract value for a specific date 10 or more years in the future. For more details,
including the current annual rider charge, please refer to the
Investment Protector rider brochure.
After you’ve selected the solution that’s right for you, you’ll need to work with
your financial professional to design an investment portfolio that aligns with your
long-term retirement goals. To help make your decision easier, Allianz Life Insurance Company of New York (Allianz Life of NY) provides allocation rules that are specifically geared
towards the solution you have selected.
When the optional Income Protector, or Investment Protector Rider, is added to your contract, allocation of your contract value
to aggressive investment options will be limited. This may limit some of the upside potential and downside risk to your contract.
Investment Options Guide for complete details.
Contracts L40529-NY01 and L40530-NY01 are issued by Allianz Life Insurance Company of New York.
Investing in a variable annuity may be the answer for part of your clients overall retirement strategy. A variable annuity combines the potential for long-term growth through market participation with tax deferral, death benefits, and guaranteed lifetime income.
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.
For more complete information about Allianz Life Insurance Company of New York variable annuities and variable investment options,
click here to view a prospectus or contact Allianz Life Financial Services, LLC at 800.729.9743. The prospectuses contain details on investment objectives, risks, fees, and expenses, as well as other
information about the variable annuity and variable investment options which you should carefully consider. We encourage you to read the prospectuses thoroughly before sending money.
Withdrawals will reduce the contract value and the value of any protection benefits. Additional 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 59½, may be subject to a 10% federal additional tax.
• 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
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 fluctuate
with market conditions.
Products are issued by Allianz Life Insurance Company of New York, One Chase Manhattan Plaza, 38th Floor, New York, NY 10005-1423, and distributed by its affiliate, Allianz Life Financial Services, LLC,
Member FINRA. 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. 800.729.9743. www.allianzlife.com/newyork
Products and features are available only in New York, and may vary by broker/dealer.