Allianz Retirement Advantage New York has three account options — two into which
you can allocate money. First, you choose either the Heritage Account or Portfolio
Choice Account if you are purchasing a nonqualified contract. Qualified contracts
automatically include only the Heritage Account.
Then, you have the option to place some — or all — of your money into the Retirement
Protection Account, which is included in all contracts and offers more robust protection
Allianz Retirement Advantage New York has no withdrawal charges, and money can be
transferred to/from the Retirement Protection Account, which means you have immediate
and continued access to the money in both your accounts, should an unexpected need
Please keep in mind that any withdrawal or payment from your contract may be subject
to ordinary income tax and, if taken before age 59½, may be subject to a
10% federal additional tax. Transferring or withdrawing money from your Retirement
Protection Account will reduce your guaranteed values (including lifetime income)
and you will have incurred higher fees on the amount you are transferring or withdrawing
without receiving the benefits of the account.
Available on both qualified and nonqualified contracts, the Heritage Account offers
a death benefit and more than 20 investment options. It may be a good choice if
basic legacy protection is important to you.
Annual account fee: 0.80%2
Portfolio Choice Account
Available on nonqualified contracts only, the Portfolio Choice Account offers approximately
80 investment options in virtually all asset classes. It may be a good option if
tax-deferred growth potential and investment performance are your primary goals.
Annual account fee: 0.30%3
Retirement Protection Account1
Automatically included in both qualified and nonqualified contracts, the Retirement
Protection Account provides lifetime income through withdrawals, as well as a death
benefit guarantee. It may be a good choice if you want to receive guaranteed lifetime
income and are looking for enhanced protection for your beneficiaries.
Annual account fee: 1.00% single/1.15% joint4
Money can be transferred into the Retirement Protection Account prior to the earlier
of starting your Lifetime Income Payments or the older covered person/older owner
reaching age 81.
1 Allocation rules and quarterly rebalancing apply.
2 Calculated as a percentage of the Heritage Base (total purchase payments
allocated to the Heritage Account adjusted for withdrawals and transfers). The Heritage
Account fee is subject to change quarterly, but will never be less than the minimum
of 0.25% or exceed the maximum of 1.75%. The account fee cannot increase/decrease
more than 0.25% in any 12-month period.
3 Calculated as a percentage of each Portfolio Choice Account investment
option’s net asset value.
4 Calculated as a percentage of the Benefit Base (greater of Quarterly
Anniversary Value or Retirement Protection Account value). The Quarterly Anniversary
Value is equal to the highest quarterly Retirement Protection Account Value adjusted
for subsequent purchase payments, transfers and withdrawals. The Retirement Protection
Account fee is subject to change quarterly, but will never be less than the min:
0.25%/max: 1.75%. The account fee cannot increase/decrease by more than 0.25% in
any 12-month period.
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.
Contract L40537-NY01 is issued by Allianz Life Insurance Company of New York.