Allianz 222® Annuity
As you plan for retirement, you want to give yourself every possible advantage – both while you're accumulating your savings, and after you begin receiving income. Allianz 222® Annuity can help.
Like all fixed index annuities, Allianz 222 Annuity offers you principal protection from market downturns, potential interest based on allocation options chosen, tax deferral, and a death benefit for beneficiaries.
Plus, Allianz 222 Annuity goes even further by giving you:
- two ways to get a bonus: Allianz 222 credits the Protected Income Value with a 15% premium bonus in the first 18 months of the contract. The Protected Income Value also receives an interest bonus equal to 50% of any interest earned from the chosen allocations.1
- two ways to receive income increase: You can get increases to your income withdrawals based on earned interest and the 50% interest bonus. Plus, you can double your income withdrawal if confined to an eligible hospital, nursing facility, or assisted-living facility, or be unable to perform at least two of the six activities of daily living (ADLs).2
- two ways to get a death benefit: Your beneficiaries can receive the full accumulation value in a lump sum,3 or they can receive the full Protected Income Value as annuity payments over at least five years.
Allianz 222 Annuity may be a good choice if you want to accumulate wealth and want lifetime income opportunities after a 10-year time horizon, including the opportunity for income that can increase.
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1 The premium bonus and interest bonus are credited only to the Protected Income Value. To receive the PIV, including the bonus, the contract must be held for at least 10 contract years, and then lifetime income withdrawals must be taken. You will not receive the bonuses if the contract is fully surrendered or if traditional annuitization payments are taken. If it is partially surrendered the PIV will be reduced proportionally, which could result in a partial loss of bonuses. Income withdrawals are considered partial withdrawals and are subject to ordinary income tax and, if taken prior to 59½, a 10% federal additional tax. Because this is a bonus annuity, it may include higher surrender charges, longer surrender charge periods, lower caps, higher spreads, or other restrictions that are not included in similar annuities that don't offer a bonus feature.
2 To receive the Allianz Income Multiplier Benefit, you must be confined to a qualified hospital, nursing facility, or assisted living facility for at least 90 days in a consecutive 120-day period or if you are unable to perform at least two of the six activities of daily living (ADLs). The ADLs are bathing, continence, dressing, eating, toileting, and transferring.
Confinement must occur after the first contract year and either during the contract year before the start of lifetime income withdrawals or at any time thereafter. To be eligible via ADLs, a physician must certify that you are unable to perform at least two of the six ADLs. Diagnosis must occur during the contract year prior to lifetime income withdrawals beginning or anytime thereafter.
3 The lump-sum death benefit is equal to the greater of the contract’s accumulation value, cumulative withdrawal amount, or guaranteed minimum value.
Talk to your financial professional to see if Allianz 222 Annuity is appropriate for you. Here are some questions they can help answer:
- How are the annuity’s principal and any credited interest protected?
- How can this product provide income for life and assist with the rising cost of living?
- What backs up any guarantees available with this product?
- What else should I consider that might impact my retirement?
Any distributions are subject to ordinary income tax and, if taken prior to age 59½, a 10% federal additional tax.
During the first 10 years, a surrender 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, interest bonus, 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.
• 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. (C54370-MVA, R95352-MVA)
Product and feature availability may vary by state and broker/dealer.