How Allianz Vision works

With an Allianz VisionSM Variable Annuity, you select the contract option, the optional benefit, if it is appropriate for you, and investment options that fit your retirement strategy.

Contract options

Base Contract Option:  This option has a 7-year withdrawal charge schedule on each purchase payment, for an annual mortality and expense (M&E) risk charge of 1.40%.

Bonus Contract Option: This option offers a bonus on each purchase payment (prior to age 81) and has a 9-year withdrawal charge on each purchase payment, for an annual M&E charge of 1.70%. As with all bonus variable annuities, please understand that they may carry higher fees and charges than variable annuities without the bonus feature.

Bonus vesting schedule 100% complete after year 3.

The M&E charge for each contract is based on the net asset value of the investment options.

Issue age and minimum

You must be between the ages of 0-80 in order to purchase Allianz Vision Variable Annuity.

The minimum initial purchase payment is $10,000 for qualified and nonqualified contracts.

Allocation options

You’ll need to work with your financial professional to design an investment portfolio that aligns with your long-term retirement goals.

When the optional Income Protector is added to your contract, allocation of your contract value to aggressive investment options will be limited. This may limit some of the upside potential and downside risk to your contract.

See our Investment Options Guide for complete details

Income or accumulation benefits

Income Protector rider: A lifetime income benefit that guarantees income for as long as you live in the form of withdrawals, with access to your contract value for a period of time. For more details, including the current annual rider charge, please refer to the Income Protector rider brochure

View current rates and rider charges

Access your money

The Allianz Vision Variable Annuity Base Contract has a 7-year withdrawal charge schedule for each purchase payment (8.5%, 8.5%, 7.5%, 6.5%, 5.0%, 4.0%, 3.0%, 0%.). The Bonus Contract has a 9-year withdrawal charge schedule for each purchase payment (8.5%, 8.5%, 8.5%, 8.0%, 7.0%, 6.0%, 5.0%, 4.0%, 3.0%, 0%). Please refer to the prospectus for the state-specific withdrawal charge schedule in Florida and Mississippi. The Bonus Contract is not available in Connecticut or Oregon.

Your contract also includes:

  • Fee-free withdrawals of up to 12% of your purchase payments each contract year without a withdrawal charge.1 Not available on a full withdrawal. Upon a full withdrawal, any previous penalty-free withdrawals may still be subject to a withdrawal charge.
  • Withdrawal charge waiver, if you need nursing home care any time after the first contract anniversary. The nursing home waiver may not be available in all states

    and may have different requirements in some states. The waiver is effective when the owner becomes confined to a nursing home for a period of at least 90 consecutive days and a physician certifies that continued confinement is necessary.

Payout options

You have several options for your annuity payout:

  • life
  • life with period certain
  • joint and last survivor
  • joint and last survivor with period certain
  • refund life

Death benefit

Traditional Death Benefit: Prior to receiving your entire contract value or annuitizing your contract, your beneficiaries will receive the greater of your contract value, or purchase payments adjusted for withdrawals upon the first death of an owner named at issue. You can instead select the optional Quarterly Value Death Benefit for an additional M&E charge.

Changing ownership on the contract can reduce or eliminate these death benefits.


Ready to take the next step?

Because annuities are complex products, Allianz Vision is available exclusively through licensed financial professionals. Ask your financial professional if it may be a good fit as part of your overall portfolio.

Questions to consider

Talk to your registered representative to see if Allianz Vision Variable Annuity is appropriate for you. Here are some questions they can help answer:

  1. Are the annuity income or purchase payments protected?
  2. How can this product fit into my overall portfolio?
  3. Are there guarantees available with this product?
  4. What else should I consider that might impact my retirement?

1 Any withdrawals will reduce your optional benefits by the percentage of the contract value withdrawn. Any unused portion of the free withdrawal does not carry from one year to the next. Any gains withdrawn are considered ordinary income for tax purposes and, if taken prior to age 59½, may be subject to a 10% federal additional tax.

This information reflects contracts and benefits available on or after 4/29/2013. Contracts and riders issued before 4/29/2013 may have different charges and features, and the guaranteed values may be calculated and applied differently. Please refer to the product prospectus for further information.

Investing in a variable annuity may be the answer for part of your overall retirement strategy. A variable annuity offers a unique combination of features, including market participation through a variety of investment options; tax-deferred growth opportunities; and optional protection benefits that can provide certain accumulation, income, and beneficiary guarantees for an additional cost.

Variable annuities are subject to investment risk, including loss of principal, and contract values fluctuate daily. Investment returns and principal value will fluctuate with market conditions so that units, upon distribution, may be worth more or less than the original cost.

Purchasing an annuity within a retirement plan that provides tax deferral under sections of the Internal Revenue Code results in no additional tax benefit. An annuity should be used to fund a qualified plan based upon the annuity’s features other than tax deferral. All annuity features, risks, limitations, and costs should be considered prior to purchasing an annuity within a tax-qualified retirement plan.

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.

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

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

• 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, and distributed by its affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. (L40529, L40530, L40534-01, L40535-01)

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