[Narrator] Are you concerned about accumulating enough for retirement?
Let’s be honest. Who isn’t?
That’s why we created Allianz Accumulation Advantage Plus Annuity.
As part of your overall retirement strategy, it’s designed to help jump-start your accumulation potential … give you tax-deferred growth potential … and let you take penalty-free withdrawals if your plans change.
[On-screen disclosure] 1 Penalty-free withdrawals are available as soon as the contract year following your last premium payment. [End of on-screen disclosure]
But let’s start with the basics.
Allianz Accumulation Advantage Plus is simply a contract that provides several key benefits.
[On-screen disclosure] 1During the annuity's accumulation phase.
Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America.[End of on-screen disclosure]
And because it’s a fixed index annuity, it also gives you the potential to earn fixed or indexed interest.
You may be familiar with fixed interest, which is paid at a steady rate that’s declared annually.
[On-screen disclosure] Hypothetical example. Not meant to be proportional or to scale. [End of on-screen disclosure]
Indexed interest, on the other hand, is based on changes in an external market index.
Here’s how it works:
Allianz tracks the index value over a specified period of time.
[On-screen disclosure] Hypothetical example of a point-to-point crediting method. Not meant to be proportional or to scale.
Please see the Allianz Accumulation Advantage+™ Annuity consumer brochure (AAAPL-001) and insert for other available crediting methods. [End of on-screen disclosure]
And if the index ends at a higher value than where it started, your annuity earns interest – up to certain limits.
Allianz Accumulation Advantage Plus even gives you the option to lock in an index value before the end of the crediting period – either manually or automatically – to ensure a positive credit.
[On-screen disclosure] An Index Lock can only be activated on index returns that are greater than 0%, unless otherwise indicated. [End of on-screen disclosure]
You’re not actually buying stocks or shares in the index, however. So, if there is a market downturn, your annuity’s value is never reduced because of market losses.
[On-screen disclosure] Hypothetical example. Not meant to be proportional or to scale.
Premiums and interest are not at risk due to market losses, but fees and charges may reduce the accumulation value. [End of on-screen disclosure]
And if the market goes up again, you don’t have to make up any losses before you can start earning indexed interest. Over time, this can help accelerate your accumulation potential.
Allianz Accumulation Advantage Plus also gives you a premium bonus on any money you place in your annuity for the first 18 months.
[On-screen disclosure] Bonus is credited to the accumulation value and is vested at 10% per year. Bonus annuities may include higher withdrawal charges, longer withdrawal charge periods, lower rates, or other restrictions that are not included in similar annuities that don’t offer a premium bonus feature. [End of on-screen disclosure]
Thanks to the power of compounding, this may give you even greater accumulation potential over time.
And remember what we said about access?
If your plans change, you can take a penalty-free withdrawal of up to 10% the contract year following your last premium payment.
[On-screen disclosure] 1Penalty-free withdrawals of the greater of paid premiums or the contract’s accumulation value are available as soon as the contract year following your last premium payment.
Withdrawals are subject to ordinary income tax, and if taken prior to age 59½, a 10% federal additional tax. [End of on-screen disclosure]
What’s more, any unused penalty-free withdrawal percentage carries over to the next year … for a potential penalty-free withdrawal of up to 20%.
[On-screen disclosure] Withdrawals are subject to ordinary income tax, and if taken prior to age 59½, a 10% federal additional tax. [End of on-screen disclosure]
After just five contract years, you can receive annuity payments based on your accumulation value
And after 10 years – if you haven’t started annuity payments – you can choose to either continue building your retirement savings … or withdraw some or all of your money in a lump sum, with no withdrawal charge, unvested premium bonus reduction, or market value adjustment.
[On-screen disclosure] 10-year withdrawal charge schedule. Please see the Allianz Accumulation Advantage+™ Annuity consumer brochure (AAAPL-001) and insert for additional information. [End of on-screen disclosure]
Of course, this is just an overview of the main features of Allianz Accumulation Advantage Plus Annuity.
Talk to your financial professional to learn more.
[On-screen disclosure] The purchase of an annuity is an important financial decision. You should have a full discussion with your financial professional regarding fees, costs, and potential benefits before making any decision. [End of on-screen disclosure]
[On-screen disclosures]
Fixed indexed annuities are designed to meet long-term needs for retirement income. They provide guarantees against the loss of principal and credited interest, tax-deferred accumulation potential, and the reassurance of a death benefit for beneficiaries.
The bonus is subject to a 10-year vesting schedule. 10% of the bonus will become vested on each contract anniversary until the beginning of the 11th contract year, when 100% will be vested. If you withdraw your contract before the 11th contract year, you will lose the unvested bonus. During the first 10 contract years, we will apply a withdrawal charge, market value adjustment, and unvested bonus reduction if you partially or fully withdraw your contract. The same would apply if you begin annuitization, which means receiving regular annuity payments over a specified period of time, prior to the sixth contract year. These charges may result in a loss of bonus, indexed interest, and fixed interest, and a partial loss of principal (your premium). Bonus annuities may include higher withdrawal charges, longer withdrawal charge periods, lower caps, lower participation rates, or other restrictions that are not included in similar annuities that don’t offer a premium bonus feature.
Premium payments are accepted through the first 18 months.
Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America.
Any distributions are subject to ordinary income tax and, if taken prior to age 59½, a 10% federal additional tax.
Products are issued by Allianz Life Insurance Company of North America, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. www.allianzlife.com
• 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
Product and feature availability may vary by state and broker/dealer.
C64997-MVA, ICC23C64997-MVA
AAAPL-005 (3/2023)
[End of on-screen disclosures]
