If you are concerned about saving enough for retirement – and you want guaranteed lifetime income that can help cover your essential expenses throughout retirement – Essential Income 7 Annuity may be a good choice. Like all fixed index annuities, Essential Income 7 Annuity offers you principal protection from market loss, potential indexed interest, and the potential for tax-deferred growth.

Plus, with a simple design that features one contract value, an easy-to-understand crediting method, and a built-in Income Benefit (at an additional cost), Essential Income 7 Annuity also provides:

  • two index allocation options,
  • an option for potentially increasing lifetime withdrawal percentages, and
  • choices for receiving lifetime income withdrawals.

Essential Income 7 Annuity may be a good choice if you want a foundation for lifetime retirement income.

Watch the video to learn more

Essential Income 7 Annuity video

Next steps:

Talk to your financial professional to see if Essential Income 7 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 provide income for life and assist with the rising cost of living?
  3. What backs up any guarantees available with this product?
  4. 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.

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. (C61892-MVA)

In the state of New York, only Allianz Life Insurance Company of New York is authorized to offer annuities and life insurance. www.allianzlife.com/new-york

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

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