Fixed index annuity review and rates

Allianz Retirement Foundation ADV

The Retirement Foundation ADV is a flexible premium deferred index annuity which will accept premiums during the first 3 policy years.
The Retirement Foundation ADV has a 7-year surrender charge period with an MVA provision. When you’re ready to start receiving income, the Retirement Foundation ADV Annuity with its built-in Income Benefit rider (automatically included at an additional cost):
  • Gives you increasing lifetime withdrawal percentages every year until you begin withdrawals, and
  • Guarantees an income for life through your choice of lifetime withdrawals, predictable payments, and payments with the opportunity to increase. Both options are available for single or joint lives.
  • Annual payout percentage increases apply to ages 45 and above. Lifetime benefit withdrawals cannot begin before age 50.
Income Benefit Rider Charge
The annual charge is a percentage of the contract accumulation value and can range from a minimum to a maximum.
After the first contract year, the annual Benefit rider charge can change, but it will never be greater than the maximum Benefit rider charge. 
The rider charge will continue for the life of the contract even after lifetime income payments have begun.

Other features
Cumulative withdrawal amount; Nursing Home Benefit; Flexible Annuity Option Rider.
This rider is available in most states for an extra fee, and you must select it when you apply for annuity: Flexible Withdrawal Rider.
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
4.6% Fixed
1-Year Bloomberg Dynamic Balance II PTP Cap
Point to Point
10% Cap
1-Year Nasdaq-100 PTP Cap
Point to Point
8.5% Cap
1-Year Russell 2000 PTP Cap
Point to Point
8.5% Cap
1-Year S&P 500 PTP Cap
Point to Point
8.5% Cap

Surrender schedule

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


Name Inbuilt Fee
Retirement Foundation ADV Annuity - Income Benefit Rider Option 1 Yes 1.25% annually (1.25% max)
Retirement Foundation ADV Annuity - Income Benefit Rider Option 2 Yes 1.25% annually (1.25% max)
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
7 years
Return of premium
Market value adjustment
Minimum contribution
Types of funds
Non-Qualified, 401k, Profit Sharing, IRA, Pension, IRA Rollover, 401a, IRA Transfer, SEP IRA, KEOGH, IRA-Roth, and TSP