How Allianz Retirement Pro New York works
The Base Account
More growth-oriented, with a wide range of investment options from virtually
every asset class.
Annual fee: 0.35%1
The Income Advantage Account2
Geared toward protection, provides lifetime income through withdrawals as well
as a death benefit guarantee.
Annual fee: 1.05%3
Allianz Retirement Pro New York has no withdrawal charges, which means you have immediate
and continued access to the money in both your Base and Income Advantage Accounts,
should an unexpected need arise.4
1 Calculated as a percentage of the net asset value of the investment
options in the Base Account.
2 Allocation rules and quarterly rebalancing apply.
3 Calculated as a percentage of the Benefit Base. The Income Advantage
Account fee is subject to change (min: 0.25%/max: 1.75%), but will never increase/decrease
by more than 0.25% in any 12-month period.
4 Please keep in mind that any withdrawal or payment from your contract
may be subject to ordinary income tax and, if taken before age 59½, a federal
10% tax penalty. Transferring or withdrawing money from your Income Advantage Account
will reduce your guaranteed values (including lifetime income) and you will have
incurred higher fees on the amount you are transferring or withdrawing without receiving
the benefits of the account.
A lifetime of payments, with the opportunity for increases
Once your initial annual maximum Income Advantage Payment is established, it will
never decrease due to negative investment performance or a lower Treasury rate.
Contract L40533-NY01 issued by Allianz Life Insurance Company of New York.
If the 10-year U.S. Constant Maturity Treasury rate is …
Your initial annual maximum payment will be …
3.49% or less
4% of your Benefit Base
3.50% to 4.99%
5% of your Benefit Base
5.00% to 6.49%
6% of your Benefit Base
7% of your Benefit Base
Income Advantage Payments have the potential to increase on benefit anniversaries
- The Income Advantage Account Value increases and exceeds the Benefit Base; or
- The Treasury rate increases, and the higher payment percentage multiplied by the
Income Advantage Account Value results in a higher payment
If Income Advantage Payments were elected today, your initial Income Advantage Payment would be calculated using a current payment percentage5 of:
The rates shown are valid only from the open of the first business day of the week until 4 p.m. Eastern time on the last business day of the week.
5Current payment percentage is based on the Ten-year U.S. Constant Maturity Treasury Rate from the last business day of the previous week.
IInvesting in a variable annuity may be the answer for part of your clients overall retirement strategy. A variable annuity combines the potential for long-term growth through market participation with tax deferral, death benefits, and guaranteed lifetime income.
Variable annuities are subject to investment risk, including loss of principal,
and contract values fluctuate daily. Investment returns and principal value will
fluctuate with market conditions so that units, upon distribution, may be worth
more or less than the original cost.