Income Calculator for Index Advantage Income

We designed the Allianz Index Advantage Income® Variable Annuity to help you meet your retirement income goals. It provides tax deferral,1 a variety of lifetime payout options to help you prepare for retirement including annuity payments and income payments, and a choice between two death benefit options (one optional, and at an additional cost) during the accumulation phase. The contract allows you to allocate among multiple crediting methods, also called index strategies.

As with any investment vehicle, index variable annuities are subject to risk – including possible loss of principal. Investment returns and principal will fluctuate with market conditions so that contract values, upon distribution, may be worth more or less than the original cost.

This material must be preceded or accompanied by the Index Advantage Income client brochure, current prospectus, current lifetime withdrawal grid, and a current Income Benefit prospectus supplement.

A personalized, full product illustration can demonstrate how the index variable annuity may be suitable for your specific situation. Clients should consult with a financial professional to determine if Index Advantage Income can help meet their retirement needs.

This income calculator is not intended to constitute fiduciary advice. You should consult with your financial professional to discuss your specific situation.

This interactive tool allows you to view how much initial annual income could be generated based on the inputs you provide. Information and interactive calculators are hypothetical and for illustrative use only. Allianz Life Insurance Company of North America cannot and does not guarantee their applicability to any individual circumstances. The results are based on inputs provided by you and are not intended to represent actual performance or predict future results. The assumed values are compounded annually, and are not guaranteed. The average annual credit you enter below is shown before deduction of any annual contract fees and expenses. However, the contract value resulting from this average annual credit does reflect deduction of the annual product fee and Income Benefit rider fee, but does not reflect deduction of other contract fees and expenses. If all contract fees and expenses were deducted, results would be lower. This calculator assumes selection of the Traditional Death Benefit. You should consider all of a product's features and benefits and consult with a financial professional regarding your investment objectives and risk tolerance before purchasing a variable annuity.

Let’s see how much retirement income you could potentially create.

Use this income calculator to estimate how much initial annual income could be generated based on the following three hypothetical factors:

  • Initial annual income payment: Find out how much initial annual income payment could be generated.
  • Initial purchase payment: Find out the initial purchase payment necessary to generate a specified initial annual income payment.
  • Average annual credit: Find out how an average annual credit could impact your initial annual income payment.

 

 

1 Withdrawals will reduce the contract value and the value of any protection benefits. 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.

2 Income payment options:

  • Level Income – single
    Consistent, dependable income for life. This may be a good choice if you want the reassurance of knowing exactly how much income you’ll receive annually and if you want a guaranteed stream of income that you can’t outlive.
  • Level Income – joint
    Consistent, dependable income for life. This may be a good choice if you want the reassurance of knowing exactly how much you’ll receive annually and if you want a guaranteed stream of income that you can’t outlive. Joint payments are based on the age of the younger eligible person. Be sure to adjust entries accordingly.
  • Increasing Income – single
    Guaranteed income for life – plus an opportunity for payment increases. This offers a smaller payment up front compared to the Level Income option, with the potential to increase each year by credits earned by your selected index options.
  • Increasing Income – joint
    Guaranteed income for life – plus an opportunity for payment increases. This offers a smaller payment up front compared to the Level Income option, with the potential to increase each year by credits earned by your selected index options. Joint payments are based on the age of the younger eligible person. Be sure to adjust entries accordingly.

NOTE: Annual income payments are guaranteed for life, assuming you do not take more than the annual maximum income payment.

Lifetime income payments can begin on any Index Anniversary once the eligible person(s) reaches age 50, and no later than age 100 after a minimum waiting period of three index years. For joint income payments, the age of the younger eligible person will be used to determine income percentages, income percentage increases, and when income payments begin. Initial income percentages and income percentage increases are established on the Index Effective Date. The minimum waiting period and the income percentage/income percentage increase table that is used to determine the initial income percentages and income percentage increases are established either on the date the application is signed or the Issue Date as stated in the Income Benefit supplement.

An eligible person is the contract owner and their spouse as long as the spouse is an owner or sole primary or sole contingent beneficiary as specified in the prospectus. As indicated in the prospectus, joint payments may not be available if your spouse is not named as an owner/sole primary beneficiary/sole contingent beneficiary at issue, or if the age difference between spouses is too great.


For more complete information about Allianz Index Advantage Income® Variable Annuity, call your financial professional or Allianz Life Financial Services, LLC at 800.624.0197 to obtain a prospectus about the variable annuity and variable option. The prospectuses contain details on investment objectives, risks, fees, and expenses, as well as other information about the variable annuity and the variable option, which you should carefully consider. Please read the prospectuses thoroughly before sending money.

Products are issued by Allianz Life Insurance Company of North America and are distributed by its affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. (L40538-IAI)

• 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

Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America and do not apply to the performance of the variable subaccounts, which will fluctuate with market conditions.

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