If you want a guaranteed interest rate as you save for retirement – and the reassurance of extra income to supplement Social Security – Allianz Dominator Plus may be right for you. 

Dominator Plus Annuity is a single-premium, multi-year guarantee annuity that offers you a choice of guaranteed interest rate (GIR) periods, and access to your full accumulation value after your chosen GIR period.

With Allianz Dominator Plus, you receive guaranteed interest based on two choices you make:

  • You determine how much money you wish to place in the annuity.
  • The higher your initial premium, the higher your initial interest rate may be.
  • You select the length of the guaranteed interest rate (GIR) period. Choose a shorter period if you feel rates may be heading up. Or lock in a longer GIR period and your annuity can deliver more predictable interest.
  • Additionally, you can also choose another guaranteed interest rate period when the original period is completed. Select any available guaranteed period, including just one additional year, if you wish.

Dominator Plus includes a variety of other features and options. Please review them to determine whether this Allianz fixed annuity can help you reach your financial goals.

Issue age and minimum

You must be age 85 or younger to purchase Allianz Dominator Plus.

Premium amounts are $25,000 to $99,999, and $100,000 or more qualify for higher initial interest rates. Maximum premium is $10 million, but premium of $1 million or more may require home office approval.


Your initial guaranteed interest rate period can be five or 10 years – after which you can choose any available guaranteed interest rate period. After the initial guarantee period, the current interest rate may fluctuate, but we guarantee it will never fall below 1.5% while the contract is in deferral – that is, before you start receiving annuity payments from your contract.

Following completion of your initial five-or 10-year guaranteed interest rate period, you have a 30-day “window” during which you can terminate your annuity and take your contract's full accumulation value. Surrender charges and the market value adjustment (MVA) will not be applied during this 30-day window.

After the first GIR period, you can leave your money in your Allianz Dominator Plus Annuity to allow it to continue to accumulate interest for one or more contract years.

We will establish and lock in the guaranteed interest rate that will be in effect each year. This interest rate may be higher or lower than the guaranteed interest rate for any previous GIR period. If you do not contact us within 30 days after the end of any GIR period, the contract will automatically begin a new GIR period of one year.

Access your money

You may request full surrender of your annuity at any time before you begin receiving annuity payments from the contract. The surrender request must be written. If you fully surrender your contract during the first 10 contract years, you will receive the cash surrender value of your contract instead of the accumulation value, with one exception: during the 30-day window that immediately follows your initial or any subsequent GIR period, you will receive the full accumulation value. The cash surrender value equals the greater of the guaranteed minimum value, or the accumulation value less applicable surrender charges plus or minus the market value adjustment (MVA). Surrender charges start at 9% on the date of contract issue, and decrease by .075% each month over the first 10 contract years. Surrender charges do not start over each time a new guaranteed interest rate period begins.

Beginning immediately, you can take up to 10% of your contract’s paid premium each contract year in one or more surrender-penalty-free withdrawals. No surrender charge is applied. If, within the same contract year of a free withdrawal, the contract is surrendered, we will retroactively apply a surrender charge to any withdrawals taken that contract year. This could result in a loss of fixed interest, and a partial loss of principal.

Take a loan against your contract – You can take a contract loan for up to 50% of your cash surrender value (up to a maximum of $50,000). The loan interest rate is 7.4% annually in advance. Loans are not available with IRA, SEP, or some other qualified plans. Unpaid loans will be treated as partial surrenders, subject to surrender charges and taxes, and will decrease the value of the contract and its death benefit. Loans from nonqualified contracts may be subject to ordinary income tax in the year that they are taken; including a 10% additional federal tax if the loan is taken prior to age 59 1/2.

Required minimum distribution (for tax-qualified plans only) – Required minimum distributions from a tax-qualified plan (IRA, SEP, etc.) will qualify as surrender-penalty-free withdrawals if taken annually in December or monthly throughout the year. Contract values and the amount available for free withdrawal will be reduced by the amount of the distribution(s).

Payout options

You have several options if you wish to annuitize, or take income from your contract. If you keep your contract in deferral for at least one year, your accumulation value is available to you as installments for a guaranteed period, life, life with a guaranteed period, selected amount, or joint and survivor.

If you keep your contract in deferral for at least five years, your accumulation value is also available to you as an interest-only annuity payment option.

Death benefit

Allianz Dominator Plus Annuity provides a death benefit payable to your named beneficiary. Regardless of whether your beneficiary(ies) select to receive the death benefit as a lump-sum payment, or as annuity income payments, they will receive the greater of the contract’s accumulation value or guaranteed minimum value. The death benefit, when paid to a properly designated beneficiary (other than the estate), will pass without the costs and delays of probate. The death benefit is payable only if you have not yet annuitized your contract.

Next steps:

Talk to your financial professional to see if Allianz Dominator Plus is appropriate for you. Here are some questions they can help answer:

  1. How are the annuity’s principal and any credited interest protected?
  2. How can this product help provide income for life?
  3. What backs up any guarantees available with this product?
  4. What else should I consider that might impact my retirement?

Purchasing an annuity within a retirement plan that provides tax deferral under sections of the Internal Revenue Code results in no additional tax benefit. An annuity should be used to fund a qualified plan based upon the annuity’s features other than tax deferral. All annuity features, risks, limitations, and costs should be considered prior to purchasing an annuity within a tax-qualified retirement plan.

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

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

• 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 55469-0060. (C52121)

In the state of New York, only Allianz Life Insurance Company of New York is authorized to offer annuities and life insurance.

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

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