Plus, you get the potential for increasing income through the Essential Income Benefit rider, which we include automatically for an additional cost. You’re also guaranteed income withdrawals for life – and the longer you wait to receive income, the higher your income withdrawal percentage will be. Are there required minimum distributions (RMDs) on annuities? Guarantees are backed by the financial strength and claims-paying ability of the issuing company. Index Variable Annuities Annuities help protect some of your retirement assets in the same way you protect your car, your home, and your health. Allianz SE is a global financial services group headquartered in Munich, Germany. Two index allocation options make accumulation less complicated. It is rated A (3rd-highest of 16 ratings) by A.M. Best; A… Although an external index may affect the interest credited, you cannot buy, directly participate in, or receive dividend payments from any of them through the insurance product. ×Warning: It appears that you have disabled cookies. That’s because nonqualified annuities are purchased with money on which you have already paid income taxes. Although FIAs may credit indexed interest based on changes in an external index, you’re not actually participating in the market – so the principal in your annuity is never at risk due to market losses. Some annuities protect all of your principal from market downturns, while others offer greater potential in exchange for some market risk, including the risk of losing principal. If you prefer, you can instead earn an annual fixed rate of interest that is guaranteed by Allianz. However, there is a 10-year window when any withdrawals past the 10% fee-free amount are accompanied by excess charges. 1 Bonus annuities may include higher surrender charges, longer surrender periods, lower caps, higher spreads, or other restrictions that are not included in similar annuities that don’t offer a bonus. With Annuity Alliance, you have access to a national network of experienced annuity experts who work closely with America’s top insurers. And because it’s designed to help you prepare for retirement, a fixed index annuity provides certain tax advantages as well. After a period of time specified by your contract, annuities provide guaranteed retirement income. Why Allianz What We Offer . Other types of annuities offer growth potential through variable investment options. But while the MVA can affect your withdrawal amounts, it can never cause your contract’s cash surrender value to be less than the guaranteed minimum value or greater than the accumulation value. There are a lot of questions about annuities, their purpose, and their cost. Allianz sells its products exclusively through insurance agents, registered representatives, and registered investment advisors. What happens to your fixed index annuity if you die? An annuity is simply a contract between you and an insurance company. Fixed Index Annuities Allianz Benefit Control Allianz 222 Allianz 360 Accumulation Advantage Essential Income 7 Retirement Foundation ADV Core Income 7 Index Variable Annuities . Some annuities also let you take free withdrawals during the deferral period, up to specified amounts. Allianz annuities give you a choice of several indexes and even some exclusive index options. First, is on deposit, they give you a 15% Protected Income value bonus. Some Allianz FIAs even offer you the potential to get increasing income. Annuities are a long-term contract, so it’s important to be sure you won’t need the money for other financial commitments or unexpected expenses. Indexed If your main goal is saving enough for retirement, buying a fixed index annuity when you’re still a few years away from retirement may be a good choice. Some annuities even provide the opportunity for increasing income. Products are issued by Allianz Life Insurance Company of North America. Find 53 listings related to Allianz Annuity Life Insurance in Naples on YP.com. You don’t have to pay taxes on the interest your contract earns until you take money out of your annuity. Product and feature availability may vary by … You don’t pay taxes on the interest your annuity earns until you take money out. Fixed index annuities are designed to protect the money you place in the contract from market volatility. You don’t have to pay income taxes on the earnings in your contract until you take money out of your annuity. You can compare rates for other indexed annuities at our Online Annuity Store. Many people buy annuities between ages 40 and 60, but the answer depends on your financial goals. Simply put, it’s interest your contract earns based on positive changes in an external index. During the contract’s surrender period, we will apply a surrender charge if the contract is partially or fully surrendered. Allianz Income Plus Benefit 4 This hypothetical illustration is based on actual historical S&P 500® Index performance from December 31, 2002 to December 31, 2013, and assumes: • The annuity contract and Income Plus Benefit were available during the time period shown and both were issued on … Let’s begin with tax deferral: Because the money you place in an annuity grows income-tax-deferred, you don’t have to pay income taxes on any interest or gains until you take money out of your contract. In exchange for the money you place in your annuity, the insurance company guarantees several benefits – including a steady stream of retirement income. They offer important features and benefits that can help you accumulate for retirement, supplement your retirement income, and even help diversify your portfolio. Annuities can help protect the money you place in your contract (the “principal”). During the accumulation phase, your annuity can earn interest based on the growth of an external index (we call this “indexed interest”). Allianz fixed index annuities provide the potential to earn indexed interest, without any market risk. But it’s important to understand your contract – because if you take out more money than it allows before the deferral period ends, you will likely incur a surrender or withdrawal charge and market value adjustment (MVA). Allianz Life Insurance Company of North America was founded in 1896 and is based in Minneapolis, Minnesota. Every contract year, you can place your cash value in one or more allocation options, which track the performance of an external index. 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