Allianz Endurance® Elite Annuity
Allianz Endurance Elite Annuity can help you get started on the path to retirement – and offers you flexible income options after you retire.
Like all fixed index annuities, Allianz Endurance Elite offers you principal protection, potential indexed interest, and the potential for tax-deferred growth.
Plus, Allianz Endurance Elite:
- gives you a 10% bonus credited to the Enhanced Withdrawal Benefit (EWB) value on premium received in the first year,
- offers you access to your full accumulation value after six years as a penalty-free lump sum (not including the bonus), and
- provides several retirement income choices, including an opportunity for payment increases.
Allianz Endurance Elite Annuity may be a good choice if you want to accumulate for retirement — and also want flexible income withdrawal opportunities after at least five years.
The bonus and enhanced interest are credited only to the Enhanced Withdrawal Benefit (EWB) value. To receive the EWB value, including the bonus, the contract must be held for at least 5 years, and then EWB payments must be taken over at least an additional 10 years under one of two EWB income options. You will not receive the bonus or enhanced interest if the contract is partially or fully surrendered or if traditional annuitization payments are taken.
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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. (C50915)
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.