Allianz Life Insurance Company of New York
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Annuities

Today's annuities may help you live your retirement the way you want.

Annuities

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, 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, and some can be customized to provide inflation 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?

Allianz Life Insurance Company of New York (Allianz Life of NY®) offers several variable annuities that might fit your needs. Variable annuities give you the possibility of potential based on the variable investment options you choose, but they will experience market ups and downs – so you could lose money, including principal.

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.

Purchasing an annuity within a retirement plan that provides tax deferral under sections of the Internal Revenue Code results in no additional tax benefit. An annuity should be used to fund a qualified plan based upon the annuity’s features other than tax deferral. All annuity features, risks, limitations, and costs should be considered prior to purchasing an annuity within a tax-qualified retirement plan.

Withdrawals will reduce the contract value and the value of any protection benefits. Additional 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 and 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 New York, One Chase Manhattan Plaza, 38th Floor, New York, NY 10005-1423, and distributed by its affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297.

Product and features are available only in New York, and may vary by broker/dealer.


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