What is a fixed index annuity?

A fixed index annuity may be a good choice if you want the opportunity to earn indexed interest, but don't want to risk losing money in the market.

Fixed index annuities (FIAs) are designed to help you accumulate money and provide income for your retirement. While the guarantees may vary among different annuities, every Allianz FIA provides these three core benefits:

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Growth potential

FIAs offer the potential to earn interest based on changes in an external index – or a fixed interest rate, if you prefer. And the interest earned grows tax-deferred.



Because you’re not actually buying any stocks or shares of an index, the money in your FIA is not at risk due to market losses.



Allianz FIAs have a variety of crediting methods. They also offer flexible options for receiving income. And some of our FIAs even offer riders (either built-in or at an additional cost) to help you address specific needs.

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FIAs explained

An FIA is simply a contract between you and an insurance company that provides specific guarantees. What sets FIAs apart from other annuities is that they give you an added opportunity to earn indexed interest based on changes in an external index, as we explain below.


Allianz FIA product portfolio

We offer several FIAs to help address a variety of financial goals. Your financial professional can help you decide whether one of these may be appropriate for your unique needs.

Accumulation solutions

Is your primary goal saving for retirement? These annuities emphasize opportunity during the accumulation phase.

Income solutions

Are you more focused on guaranteed retirement income? These annuities give you opportunity during the accumulation phase, with flexible options for income either immediately or down the road.

Explore another Allianz annuity option

Registered index-linked annuities

A registered index-linked annuity, or RILA, relies on external market performance as measured by an index to determine returns. RILAs offer the opportunity to invest for growth potential – which means they do carry some market risk – along with a level of protection.

Annuities are complex products, and it’s important to understand the balance between all of their features and factors. A financial professional can help you decide whether an annuity is appropriate for your needs.

Any distributions are subject to ordinary income tax and, if taken prior to age 59½, a 10% federal additional tax.

During the first 7 or 10 years (depending on the contract), a withdrawal charge and MVA will apply if the contract is partially or fully surrendered. These charges may result in a loss of indexed interest and fixed interest and a partial loss of principal (premium).

Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America.

This content does not apply in the state of New York.

• 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 North America, PO Box 59060, Minneapolis, MN 55459-0060. (C64997-MVA, C64237-MVA, R95581-MVA, C54370-MVA, R95352-MVA, R95316-MVA, C64237-MVA, R95528-01-MVA, C61892-02-MVA, C95493-MVA, R95374-01-MVA, C95493-MVA-ID)

Product and feature availability may vary by state and broker/dealer.