Allianz Core Income 7 Annuity Rate & Reviews

Allianz Core Income 7 Annuity

A fixed index annuity, like Core Income 7 Annuity, is a contract between you and an insurance company that may help you reach your long-term financial goals. In return for your premium payment, Allianz gives you benefits and guarantees, including:

Tax deferral - When compounded over time, this may increase the amount of income an annuity generates for retirement.
Indexed interest potential - Fixed index annuities provide an opportunity to accumulate potential interest based on positive changes in one or more external market indexes. In addition, crediting methods are used to help determine the amount of interest that gets credited to your contract.

Income withdrawal benefits

The Core Income Benefit rider is included with the Core Income 7 Annuity for an additional annual charge. It offers increasing lifetime income withdrawal percentages (beginning at age 45) until lifetime withdrawals begin or annuitization is started. It also offers a choice of two income payment options: predictable payments and payments with the opportunity to increase. Lifetime benefit withdrawals cannot begin before age 50.

Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, 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	4.3% Fixed
1-Year Bloomberg US Dynamic Balance II PTP Cap	Point to Point Annual	8.25% Cap
2-Year Bloomberg US Dynamic Balance II ER PTP Participation Rate	Point to Point Biennial	245% Participation
1-Year Bloomberg US Dynamic Balance II ER PTP Participation Rate	Point to Point Annual	170% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	8% Cap
1-Year Russell 2000 PTP Cap	Point to Point Annual	8% Cap
1-Year Nasdaq-100 PTP Cap	Point to Point Annual	8% Cap
1-Year Bloomberg US Dynamic Balance II PTP Spread	Point to Point Annual	2% Spread

Surrender schedule

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

Riders

Name	Inbuilt	Fee
Core Income - Option 1	Yes	1.25% annually (1.25% max)
Core Income - Option 2	Yes	1.25% annually (1.25% max)