Allianz Benefit Control annuity

Allianz Benefit Control® Annuity

Do you want more potential for tax-deferred growth while you’re saving for retirement, with the flexibility to adapt as your needs change (including an option for immediate access1) – plus the potential for increasing income? Allianz Benefit Control® Annuity may be a good choice.

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Accumulation, innovation, and more control

Allianz Benefit Control® is designed to help you accumulate for retirement and provide a steady stream of income after you retire. Because it’s a fixed index annuity (FIA), it offers tax-deferred growth potential, protects your principal and credited interest from market downturns, and provides a death benefit for beneficiaries.

Allianz Benefit Control® offers two ways to get a bonus2 while you’re accumulating for retirement, plus innovative features that may give you even more potential. It also gives you a level of control over any interest bonuses your contract may receive. And when you’re ready to start taking income, Allianz Benefit Control® gives you flexible ways to access your contract – plus the opportunity for income increases down the road under qualifying circumstances.

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Features of Allianz Benefit Control®

Index allocation options

To help you adapt to market conditions, you can direct the premium in your annuity toward one or a combination of five index allocation options, plus a fixed interest allocation.

Index Lock

React to volatility by locking in a positive index value at any point during the crediting period. Index Lock can assure you receive a positive index credit, no matter what happens in the market during the remainder of the crediting period.

Flexible access

You can start taking lifetime withdrawals from your annuity immediately or on any monthly anniversary after age 50.1 These lifetime withdrawal payments will have the potential to increase after each crediting period your contract earns interest. After the fifth contract year, you can double your annual maximum available for withdrawal with the Allianz Income Multiplier Benefit rider if you are confined to a qualified hospital, nursing facility, or assisted living facility for at least 90 days in a consecutive 120-day period.3 And after 10 years – if you haven’t yet started annuity payments – you can withdraw some or all of your money in a lump sum.4
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Allocation options

An allocation option is the combination of an index (such as the S&P 500® Index) and a crediting method. Allianz Benefit Control® lets you choose among the following allocation options.

Crediting methods

Crediting methods are simply mathematical formulas that determine how much indexed interest your annuity receives based on changes in an index during a given timeframe (“crediting period”).

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Common questions:

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Why consider a fixed index annuity (FIA)?

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Current MVA reference rate: 5.11 % as of 7/31/2026

Uses the yield of the Bloomberg US Intermediate Corporate Bond Index

Historical MVA reference rates

1 You can start taking lifetime withdrawals from your annuity immediately or on any monthly anniversary after age 50 – but remember that you may be subject to a 10% federal early withdrawal penalty if you take withdrawals before age 59½. These lifetime withdrawal payments will last as long as you live.

2 The premium and interest bonus is credited only to the Protected Income Value (PIV). To receive the PIV, including the bonus, lifetime withdrawals must be taken. The PIV is not available as a lump sum. You will not receive the bonuses if the contract is fully surrendered or if traditional annuitization payments are taken. If it is partially surrendered the PIV will be reduced proportionally, which could result in a partial loss of bonuses. Lifetime withdrawals are considered partial withdrawals and are subject to ordinary income tax and, if taken prior to age 59½, a 10% federal additional tax. Because this is a bonus annuity, it may include higher surrender charges, longer surrender charge periods, lower caps, higher spreads, or other restrictions that are not included in similar annuities that don't offer a bonus feature.

3 To receive the Allianz Income Multiplier Benefit, the covered person must meet the confinement or activities of daily living (ADL) requirements. To meet the confinement criteria, you must be confined to an eligible hospital, nursing facility, or assisted living facility for at least 90 days in a consecutive 120-day period. Confinement must occur after the first contract year and either during the contract year before the start of the lifetime income withdrawals or at any time thereafter. To meet the ADL criteria, a physician must certify that the covered person is unable to perform at least two of the six ADLs for at least 90 consecutive days. The six ADLs are eating, bathing, dressing, toileting, transferring, and continence. Diagnosis must occur during the contract year prior to beginning lifetime income withdrawals or any time thereafter. The enhanced withdrawals will occur until a full recovery or the accumulation value reaches zero, at which time the withdrawals will revert back to the standard amount. If the contract owner does not reapply for the eligibility, increased payments will end the contract anniversary following the first Contract Anniversary where the benefit was in effect.

4 After 10 years, if you take a lump-sum payment, it will be based on the full accumulation value (which does not include the premium bonus or interest bonus).

The BlackRock iBLD Claria® ER Index is comprised of an equity component, a bond component, and a cash component. It shifts weighting between the components daily based on historical realized volatility of the components. The index tracks the return in excess of a benchmark rate. Annually, BlackRock will set allocations to the ETFs within each of the equity component and the bond component. The equity component will be comprised of the following ETFs: iShares Russell 2000 ETF, iShares Core S&P 500 ETF, iShares MSCI EAFE ETF, iShares MSCI Emerging Markets ETF. The bond component will be comprised of the following ETFs: iShares 1-3 year Treasury Bond ETF, iShares 3-7 year Treasury Bond ETF, iShares 7-10 year Treasury Bond ETF. The cash component is represented by the 3 month LIBOR rate.

The BlackRock iBLD Claria® ER Index (the "index") is a product of BlackRock Index Services, LLC and has been licensed for use by Allianz Life Insurance Company of North America (“Allianz”). BlackRock®, BlackRock iBLD Claria® ER Index, and the corresponding logos are registered and unregistered trademarks of BlackRock. The Allianz product is not sponsored, endorsed, sold or promoted by BlackRock Index Services, LLC, BlackRock, Inc., or any of its affiliates, or any of their respective third party licensors (including the Indices calculation agent, as applicable) (collectively, “BlackRock”). BlackRock has no obligation or liability in connection with the administration or marketing of the Allianz product. BlackRock makes no representation or warranty, express or implied, to the owners of the Allianz product or any member of the public regarding the advisability of investing in the Allianz product or the ability of the Index to track general market performance. BlackRock does not guarantee the adequacy, accuracy, timeliness, and/or completeness of the index or any data or communication related thereto nor does it have any liability for any errors, omissions or interruptions of the index.

The Bloomberg US Dynamic Balance II ER Index is comprised of the Bloomberg US Aggregate Custom RBI Unfunded Index and the Bloomberg US Equity Custom Futures ER Index and shifts weighting daily between them based on realized market volatility. The Bloomberg US Aggregate Custom RBI Unfunded Index is comprised of a portfolio of derivative instruments that are designed to provide exposure to U.S. Investment-grade and Treasury bond markets in excess of a benchmark rate. The Bloomberg US Equity Custom Futures ER Index is designed to provide exposure to large cap U.S stocks in excess of a benchmark rate.

“Bloomberg®” and Bloomberg US Dynamic Balance II ER Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index (collectively, “Bloomberg”) and have been licensed for use for certain purposes by Allianz Life Insurance Company of North America ("Allianz"). Bloomberg is not affiliated with Allianz Life Insurance Company of North America ("Allianz"), and Bloomberg does not approve, endorse, review, or recommend the Allianz product. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Allianz product.

The PIMCO Tactical Balanced ER Index is comprised of the U.S. Equity Futures Custom Index, a bond component comprised of the PIMCO Synthetic Bond ER Index and a duration overlay, and shifts weighting between them daily based on historical realized volatility of the components. The U.S. Equity Futures Custom Index provides exposure to large cap U.S. stocks in excess of a short-term interest rate. The PIMCO Synthetic Bond ER Index is comprised of a small number of derivative instruments designed to provide exposure to U.S. Investment-grade and Treasury bond markets in excess of a short-term interest rate. The Index is an excess return index, which means that it captures the returns of the underlying constituents which are in excess of a short-term interest rate. All else equal, higher short-term interest rates would result in an excess return index to underperform a non-excess return version of the same index.

The “PIMCO Tactical Balanced ER Index” (the “Index”) is a rules-based index that tactically allocates across U.S. equity and fixed income markets using quantitative signals. The Index is a trademark of Pacific Investment Management Company LLC (“PIMCO”) and has been licensed for use for certain purposes by Allianz Life Insurance Company of North America (the “Company” or “Allianz”) with respect to this Allianz product (the “Product”). The Index is the exclusive property of PIMCO and is made and compiled without regard to the needs, including, but not limited to, the suitability or appropriateness needs, as applicable, of the Company, the Product, or any Product owners. The Product is not sold, sponsored, endorsed or promoted by PIMCO or any other party involved in, or related to, making or compiling the Index. PIMCO Tactical Balanced Excess Return Index performance contains backtested performance beginning 22 April 2004, which is prior to the actual launch of the index: The PIMCO Tactical Balanced Excess Return Index launched on 2 August 2018.

Neither PIMCO nor any other party involved in, or related to, making or compiling the Index has any obligation to continue to provide the Index to the Company with respect to the Product. In the event that the Index is no longer available to the Product or Product owners, the Company may seek to replace the Index with another suitable index, although there can be no assurance that one will be available.

PIMCO is affiliated with Allianz Life Insurance Company of North America ("Allianz").

The S&P 500® Index is comprised of 500 stocks representing major U.S. industrial sectors. The S&P 500® Futures Daily Risk Control 5% Index is comprised of the S&P 500 Futures Index ER and the S&P 10-Year Treasury Note Futures Index ER and is balanced daily to achieve target volatility.

The "S&P 500® Index", and "S&P 500® Futures Daily Risk Control 5% Index" are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and have been licensed for use by Allianz Life Insurance Company of North America (“Allianz”). S&P®, S&P 500®, SPX®, SPY®, US 500™, The 500®, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Allianz. Allianz products are not sponsored or sold by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500® Index, and/or S&P 500® Futures Daily Risk Control 5% Index.

Allianz Life Insurance Company of North America may provide compensation to third parties other than index providers based on premium allocated to certain indices. One or more of these third parties may have an indirect affiliation with your financial professional.

Any distributions are subject to ordinary income tax and, if taken prior to age 59½, a 10% federal additional tax.

During the first 10 years, a surrender charge and MVA will apply if the contract is partially or fully surrendered. These charges may result in a loss of indexed interest and fixed interest, interest bonus, and a partial loss of principal (premium).

Guarantees are backed solely by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America (Allianz).

This product is available in Oregon only.

• 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.
(C64237-MVA, R95581-MVA, ICC17C64237-MVA)

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

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