This content is for general educational 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 Social Security or Medicare. Customers are encouraged to consult with their own legal, tax, and financial professionals for specific advice or product recommendations, or the Social Security Administration (SSA) office for their particular situation.
The Income Builder credit and the Income Accelerator credits are credited only to the Lifetime Income Value (LIV). To receive the LIV, including the Income Builder and Accelerator credits, you must be at least age 60, and lifetime income withdrawals must be taken. The LIV is not available as a lump sum. You will not receive the Income Builder and Accelerator credits if the contract is fully surrendered or if traditional annuitization payments are taken. If it is partially surrendered the LIV will be reduced proportionally, which could result in a partial loss of the interest credits. Income withdrawals are considered partial withdrawals and are subject to ordinary income tax and, if taken prior to age 59½, a 10% federal additional tax.
Fees and charges may still reduce your contract value.
Increasing income 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 plan.
This content does not apply in the state of New York.