Because retirement may last 25 to 30 years (or longer), it’s important to have a source of guaranteed income for life. Fixed index annuities (FIAs) can provide this – plus principal protection from market downturns, accumulation potential, tax deferral, and a death benefit for beneficiaries.
But a fixed income may not be sufficient if expenses rise with inflation, especially over a long retirement. That’s why it’s important to also have opportunities for income increases.
Allianz Life Insurance Company of North America (Allianz) is a leader in providing annuities that offer the potential for increasing income. In fact, we were the first to offer an “annual reset” withdrawal option that could increase every time the annuity earned an interest credit.1