The Base Account
is more growth-oriented, with a wide range of investment options from virtually every asset class.
Annual fee: 0.35%1
The Income Advantage Account2
is geared toward protection, provides lifetime income through withdrawals as well as a death benefit guarantee.
Annual fee: 1.05%3
Allianz Retirement Pro New York has no withdrawal charges, which means you have immediate and continued access to the money in both your Base and Income Advantage Accounts, should an unexpected need arise.4
1 Calculated as a percentage of the net asset value of the investment options in the Base Account.
2 Allocation rules and quarterly rebalancing apply.
3 Calculated as a percentage of the Benefit Base. The Income Advantage Account fee is subject to change (min: 0.25%/max: 1.75%), but will never increase/decrease by more than 0.25% in any 12-month
4 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, a 10% federal additional tax. Transferring or withdrawing
money from your Income Advantage 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.
A lifetime of payments, with the opportunity for increases
Once your initial annual maximum Income Advantage Payment is established, it will never decrease due to negative investment performance or a lower Treasury rate.
If the 10-year U.S. Constant Maturity Treasury rate is
Your initial annual maximum payment will be
3.49% or less
3.50% to 4.99%
5.00% to 6.49%
4% of your Benefit Base
5% of your Benefit Base
6% of your Benefit Base
Income Advantage Payments have the potential to increase on benefit anniversaries if:
- The Income Advantage Account Value increases and exceeds the Benefit Base; or
- The Treasury rate increases, and the higher payment percentage multiplied by the Income Advantage Account Value results in a higher payment
Contract L40533-NY01 is 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.