Income Calculator for Index Advantage+ Income® Variable Annuity

This interactive tool allows you to input your current age, age when initial annual income payment begins, income payment option, and calculate:

  • Initial annual income payment generated based on the initial purchase payment and average annual credit
  • Initial purchase payment required based on initial annual income payment and average annual credit
  • Average annual credit required based on initial annual income payment and initial purchase payment

You can also click the “compare to a hypothetical retirement account” box, enter inputs (retirement account withdrawal rate, average annual return, and fee depending on the calculation) and compare Index Advantage+ Income® hypothetical results to a hypothetical retirement account

This material must be preceded or accompanied by a current prospectus for Index Advantage+ Income®. Call your financial professional or Allianz Life Financial Services, LLC, member FINRA, at 800.624.0197 to obtain a prospectus about any available variable option(s). The prospectuses contain details on investment objectives, risks, fees, and expenses, as well as other information about the registered index-linked annuity (RILA), index options, and any available variable option(s), which you should carefully consider. Please read the prospectuses thoroughly before sending money. More information can also be found on the product webpage.

IMPORTANT: The projections or other information generated by this tool regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results.

This tool is intended solely to provide education regarding the product and its features. It is not intended to predict or project actual performance.

A personalized, full product illustration can demonstrate how the RILA may be suitable for your specific situation. You should consult with a financial professional to determine if Index Advantage+ Income® can help meet your retirement needs.

Each index option offers a certain level of protection from negative index returns. Depending on index option(s) you choose, you could lose a significant amount of money if an index declines in value.

Each index option may limit the extent that you participate in index gains. As a result, your returns in an index option may be lower than the index's returns.

This income calculator is not intended to constitute fiduciary advice. You should consult with your financial professional to discuss your specific situation.

This calculator assumes selection of the Traditional Death Benefit in Index Advantage+ Income®. You will pay additional charges if you select the optional Maximum Anniversary Value Death Benefit. You should consider all of a product's features and benefits and consult with a financial professional regarding your investment objectives and risk tolerance before purchasing a contract.

The Index Advantage+ Income® average annual credit and retirement account average annual return are compounded.

Each index option is linked to a “price return index,” not a “total return index,” and therefore will not reflect the dividends paid on the securities composing the index. This will reduce the index return and may cause the index and index option to underperform a direct investment in the securities composing the index.

1 An eligible person is the contract owner and their spouse as long as the spouse is an owner or sole primary or sole contingent beneficiary as specified in the prospectus. As indicated in the prospectus, joint payments may not be available if your spouse is not named as an owner/sole primary beneficiary/sole contingent beneficiary at issue, or if the age difference between spouses is too great.

2 Income payment options:

  • Level Income
    Provides higher initial Income Payments for life if single payments are selected (or the life of you and your spouse if joint payments are selected) compared to Increasing Income.  Income Payments can only increase if your contract value increases from one Income Benefit Anniversary to the next.  The Lifetime Income Percentage used to determine the initial Income Payment is based on the age of the younger eligible person if joint payments are selected.
  • Increasing Income
    Provides lower initial Income Payments for life if single payments are selected (or the life of you and your spouse if joint payments are selected) compared to Level Income with the opportunity to increase. Income Payments can increase on each Income Benefit Anniversary if there is positive index option performance (Performance Credits and/or Performance Locks) during the prior Income Benefit Year. The Lifetime Income Percentage used to determine the initial Income Payment is based on the age of the younger eligible person if joint payments are selected.

3 After a minimum wait period of five contract years, your annual maximum income payment can double (income multiplier factor) if you are unable to perform two of the six activities of daily living or are confined to a qualified hospital, nursing facility, or assisted living facility for at least 90 days in a 120-day period.  Eligibility must be reestablished each Income Benefit year thereafter.  We establish the terms for the Income Multiplier Benefit wait period and the income multiplier factor on the date you sign your application provided we receive your initial purchase payment within the required time period, which may differ from the terms stated here.  The Income Multiplier Benefit ends on the earliest of the annuity date, the Income Benefit Anniversary that occurs on or immediately after the date the contract value is reduced to zero, the business day the Income Benefit ends, or the business day the contract ends.  The Income Multiplier Benefit is not a substitute for long term care insurance.  For more information, download the Income Benefit rider brochure (PDF).

4 The contract value at income and initial annual income reflect the deduction of the annual product fee (1.25%) and Income Benefit rider fee (0.70%), but do not reflect any other fees or expenses.  Contract value at income and initial annual income do not reflect the impact of any withdrawal charges (up to 8%), annual contract maintenance charges ($50), or annual optional death benefit charges (0.20%). Nor do they reflect any negative Daily Adjustments, which if applicable, could substantially increase costs. Income payments are based on the contract value which can decrease and is not a guaranteed value.

5 Lifetime Income Percentage is calculated based on the Income Percentages and Income Percentage Increases using the currently available income benefit terms and the age of the younger eligible person. For the Income Benefit terms that are currently available to newly issued contracts, please click this link: Income Benefit Prospectus Supplement (PDF)

6 The account value at income and initial annual income reflect the deduction of the retirement account fee entered.

Registered index-linked annuities (RILAs) provide indexed return potential with the opportunity for varying levels of protection through multiple index options available prior to receiving annuity payments, tax-deferred growth potential, a variety of annuity options, and a death benefit during the accumulation phase.

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.

Withdrawals will reduce contract values (including any Cash Value) and the value of any potential protection benefits. Withdrawals that exceed limits specified by the terms of the Income Benefit (Excess Withdrawals) will reduce your future annual maximum Income Payment. These reductions may be greater than the value withdrawn and could end the benefit. Withdrawals taken within the period stated in the prospectus will be subject to a withdrawal charge. In addition, if amounts are withdrawn or otherwise removed from an index option before the term end date, a Daily Adjustment will apply, which may be negative. You could lose a significant amount of money due to a negative Daily Adjustment, and could result in loss beyond the protection from index losses that would apply on the term end date.  All withdrawals are subject to ordinary income tax and, if taken prior to age 59½, may be subject to a 10% federal additional tax.

Check the background of Allianz Life Financial Services, LLC on FINRA's BrokerCheck.


Products are issued by Allianz Life Insurance Company of North America, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297, and distributed by its affiliate, Allianz Life Financial Services, LLC, member FINRA. (L40538-01)

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

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.

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