Fixed index 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.
By allocating a portion of their DC plan savings to Allianz Lifetime Income+® Annuity, plan participants can have the potential for their retirement savings to grow with a fixed index annuity (FIA) while also building guaranteed lifetime income.
As an FIA contract issued by an insurance company, contributions to Allianz Lifetime Income+® are not directly invested in stocks or bonds, keeping participant allocations protected from market risk.
Participants have flexibility to contribute at their own pace. Their contributions have the opportunity to accumulate with earned interest to help build future income.
Allianz Lifetime Income+® goes where participants go, even if they change employers before retirement.
Allianz Lifetime Income+® and the Lifetime Income Benefit provide guaranteed income and the opportunity for increasing income potential.
Integrating Allianz Lifetime Income+® with existing enrollment, managed accounts, and financial wellness solutions is a seamless solution.
The combination of protection and flexibility make Allianz Lifetime Income+® a natural fit as a qualified default investment alternative.
Allianz Lifetime Income+® and the Lifetime Income Benefit work together to enhance the Lifetime Income Value with a pair of features called Income Builder and Income Accelerator.
Even before a participant retires, Allianz Lifetime Income+® Annuity and the Lifetime Income Benefit work to support retirement income objectives with a pair of features to enhance the Lifetime Income Value:
Income Accelerator: Any interest earned (indexed or fixed) is multiplied by 150% and added to the Lifetime Income Value on the contract anniversary.
Earned Interest x 150% = Income Accelerator
Income Builder: Whether or not any interest was earned (indexed or fixed), an annual 2% credit is applied to the Lifetime Income Value on the contract anniversary. This guaranteed growth begins at age 50 and continues until the contract holder is ready to start receiving lifetime withdrawals.
When someone is ready to retire and start taking income (at age 60 or older), Allianz Lifetime Income+® is designed to use the Lifetime Income Value that they’ve been building.
Through lifetime withdrawals, income is guaranteed for as long as the participant lives, along with the continued potential for increases. Every time chosen allocations earn interest, income will increase.
Not only that, Income Accelerator will continue to increase income by 150% of any interest earned on the contract anniversary.
Fixed index annuities do not directly participate in any stock, equity, or bond investments – so you’re not exposed to market risk. Instead, you can earn interest that’s based on changes in a market index (such as the S&P 500® Index). The annuity's value is allocated to one or more indexes. We then track the performance of these index(es). At the end of each contract anniversary, using a crediting method, we calculate any indexed interest that’s due.
Interest will be credited automatically to the contract. That interest is locked in and cannot be lost in the future due to any index decline.
Nothing happens – no interest is credited, but in this case, that’s good news. The annuity’s value will not decline due to a loss.
A fixed interest allocation is also available using a rate we establish at the beginning of each contract anniversary. Interest is credited daily. And again, interest can never be lost due to market drops.
Allianz Lifetime Income+® takes a modern, tech-enabled approach through coordination among recordkeepers, enrollers, managed account providers, middleware providers, and other defined contribution plan partners. Recordkeepers and advisor networks can offer the Allianz Lifetime Income+® Annuity with the Lifetime Income Benefit as a protected accumulation and decumulation option in 401(k) and other defined contribution plans.
Learn how Allianz Lifetime Income+® can help build retirement income by providing growth potential, protection from market loss, and guaranteed income for life.
Explore index allocation options available with Allianz Lifetime Income+®.
Find out if Allianz Lifetime Income+® is available in your state.
Find out how to help build and protect income that’s guaranteed throughout retirement.
Use these conversation starters when advocating for a lifetime income option with plan sponsors.
Demonstrate the advantages of offering guaranteed lifetime income in your plan.
Read a case study that highlights how lifetime income can improve employee outcomes.
Download our step-by-step guide for plan onboarding.
Learn how to begin taking guaranteed income from the Allianz Lifetime Income+® Annuity.
Use this guide to move the Allianz Lifetime Income+® Annuity out of a 401(k) plan and into an IRA.
Check out recent news and knowledge to build an understanding of the benefits of guaranteed lifetime income.
Connect with our team to learn how Allianz Lifetime Income+® could help enhance your DC plan offerings.
This content is for general informational purposes only. It is not intended to provide fiduciary, tax, or legal advice and cannot be used to avoid tax penalties; nor is it intended to market, promote, or recommend any tax plan or arrangement. Allianz Life Insurance Company of North America, its affiliates, and their employees and representatives do not give legal or tax advice or advice related to Medicare or Social Security benefits. You are encouraged to consult with your own legal, tax, and financial professionals for specific advice or product recommendations, or to go to your local Social Security Administration office regarding your particular situation.
The Lifetime Income Value is used to determine your lifetime withdrawal amount when you’re ready to start receiving income; you cannot take it as a lump sum. You can, however, access some (partial withdrawal) or all (full withdrawal) of your money from the accumulation value, which is equal to your total premium paid plus fixed or indexed interest, less withdrawals and annual product fee. Please note that a market value adjustment may apply to both a full and partial withdrawal.
Increasing income potential is provided through a built-in rider at no additional cost.
Withdrawals are subject to ordinary income taxes and, if taken prior to age 59½, a 10% federal additional tax.
Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America.
• 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. (C64712-MVA)
Product and feature availability may vary by state and broker/dealer.
