Fixed index annuity review and rates

Allianz 222 Annuity

The Allianz 222 Annuity is a fixed index annuity which has a 10 year surrender charge period.
Income withdrawal benefits
  • After 10 contract years can access the Protected Income Value, which includes premium bonuses, any interest bonuses, and any interest credits, by electing either single or joint lifetime income withdrawals.
  • To receive the Allianz Income Multiplier Benefit, you must be confined to a qualified hospital, nursing facility, or assisted living facility for at least 90 days in a consecutive 120-day period or if you are unable to perform at least two of the six activities of daily living (ADLs). The ADLs are bathing, continence, dressing, eating, toileting, and transferring. Confinement must occur after the first contract year and either during the contract year before the start of lifetime income withdrawals or at any time thereafter. 
Allocation Charge
  • The annual charge is a percentage of the contract accumulation value and can range from a minimum of 0% to a maximum of 1%. The charge, assuming it is greater than 0%, is deducted from the contract’s accumulation value and guaranteed minimum value (in most states) at the end of each contract year.  The charge does not impact the contract Protected Income Value (PIV).
MY (Multi-Year) Point-to-Point Crediting
MY (multi-year) point-to-point crediting methods may be a good choice for clients with a longer time horizon, while still offering short-term control with Index Lock.
MY point-to-point crediting offers two options: a 2-year or 5-year crediting period. And whichever option your clients choose, the participation rates are guaranteed until the end of the crediting period.
But remember that your clients don't have to wait until the end of the crediting period. If they see an index value they like, they can lock in that value with Index Lock.
Please, refer to the official Allianz website for rates and illustrations. 
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
2.4% Fixed
2-Year Bloomberg US Dynamic Balance II ER MY PTP Participation Rate
Point to Point
Biennial
135% Participation
2-Year PIMCO Tactical Balanced ER MY PTP Participation Rate
Point to Point
Biennial
135% Participation
2-Year S&P 500 Futures Daily Risk Control 5% MY PTP Participation Rate
Point to Point
Biennial
140% Participation
5-Year Bloomberg US Dynamic Balance II ER MY PTP Participation Rate
Point to Point
5-Year
170% Participation
5-Year PIMCO Tactical Balanced ER MY PTP Participation Rate
Point to Point
5-Year
170% Participation
5-Year S&P 500 Futures Daily Risk Control 5% MY PTP Participation Rate
Point to Point
5-Year
180% Participation
1-Year Bloomberg US Dynamic Balance II PTP Spread
Point to Point
Annual
3.35% Spread
1-Year PIMCO Tactical Balanced PTP Spread
Point to Point
Annual
3.6% Spread
1-Year S&P 500 PTP Cap
Point to Point
Annual
4.25% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1.9% Cap
1-Year BlackRock iBLD Claria PTP Cap
Point to Point
Annual
3.75% Cap
1-Year BlackRock iBLD Claria ER PTP Participation Rate
Point to Point
Annual
100% Participation
1-Year BlackRock iBLD Claria PTP Spread
Point to Point
Annual
3.1% Spread
1-Year Bloomberg US Dynamic Balance II ER PTP Participation Rate
Point to Point
Annual
95% Participation
1-Year PIMCO Tactical Balanced ER PTP Participation Rate
Point to Point
Annual
95% Participation
1-Year Bloomberg US Dynamic Balance II PTP Cap
Point to Point
Annual
3.75% Cap
1-Year PIMCO Tactical Balanced PTP Cap
Point to Point
Annual
3.75% Cap

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 10% 10% 10% 9% 8% 6% 5% 4% 3% 1%

Riders

Name Inbuilt Fee
Allianz 222 Protected Income Value rider Yes None
Allianz 222 Protected Income Value rider (AK, NJ, PA, UT and WA) Yes None
Allianz Life Insurance Company of North America
Founded: 1896
A.M. Best: A+
S&P: A+
Moody's: A1
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$20,000
Types of funds
Non-Qualified, 401k, Profit Sharing, IRA, Spousal IRA, Pension, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, KEOGH, IRA-Roth, SIMPLE IRA, and TSP