An annuity is a financial vehicle that is designed to help you prepare for retirement. Simply put, an annuity is a contract between you and an insurance company: You pay the insurance company premium or purchase payments, and in exchange you get benefits only an annuity can provide.

Why consider an annuity?

Annuities can be a valuable addition to your overall retirement strategy because they offer tax-deferred growth while you're saving for retirement, and dependable income after you retire - in some cases, for as long as you live.

Many annuities provide principal protection, lifetime income, an enhanced death benefit, and other options either built-in or optional and available for an additional cost. Plus, annuities can help you transfer wealth to your beneficiaries.

Which annuity may meet your needs?

Because no two people have the same needs or goals, Allianz offers several types of annuities. Ask your financial professional which annuity may make sense for your individual situation.

Annuities are complex products that include many features and factors. It is important to understand the balance between all features available with any annuity. You should consult with a financial professional to determine if an annuity is appropriate for your needs.

Withdrawals will reduce the contract value and the value of any protection benefits. Withdrawals taken within the contract withdrawal charge schedule will be subject to a withdrawal charge. All withdrawals are subject to ordinary income tax and, if taken prior to age 59½, may be subject to a 10% federal additional tax.

Guarantees are backed by the financial strength and claims-paying ability of the issuing company. Variable annuity guarantees do not apply to the performance of the variable subaccounts, which will fluctuate with market conditions.

• 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, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. In New York, products are issued by Allianz Life Insurance Company of New York, 28 Liberty Street, 38th Floor, New York, NY 10005-1422. Variable products are distributed by their affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297.

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.

Allianz Answers

How much retirement income will you need? See how Allianz helps answer this and other common retirement questions.

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