Index Advantage NY
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Highlights
Allianz Index Advantage, our core index variable annuity, is designed to help you accumulate money for retirement and provide income after you retire. It can give you long-term growth potential through market participation – plus a level of protection – through a combination of traditional variable options and multiple index strategies.
Product Fees
Product Fee is 1.25%
Other Contract Fees and Expenses
Product Fees
Product Fee is 1.25%
Other Contract Fees and Expenses
- An 8% declining withdrawal charge applies to withdrawals taken within six years after receipt of each Purchase Payment during the accumulation phase.
- $50 contract maintenance charge assessed annually if the total Contract Value is less than $100,000.
- $25 fee per transfer if you make more than twelve transfers between Variable Options in a Contract Year.
- Variable Option operating expenses before fee waivers and expense reimbursements of 0.67$ to 0.88% of the average daily net assets.
A contract year is any period of twelve months beginning on the Issue Date or subsequent Contract Anniversary. A Contract Anniversary is a twelve-month anniversary of the Issue Date or any subsequent Contract Anniversary.
Variable Options
Blackrock
AZL Government Money Market Fund
Other Expenses for the AZL Government Money Market Fund include a recoupment of prior waived fees in the amount of 0.24%. The Manager has voluntarily undertaken to waive, reimburse, or pay the Fund’s expenses to the extent necessary in order to maintain a minimum daily net investment income for the Fund of 0.00%. The recoupment of prior waived fees reflects the recoupment of amounts previously waived, reimbursed, or paid by the Manager under this arrangement. Such recoupments are subject to the following limitations: (1) the repayments will not cause the Fund’s net investment income to fall below 0.00%; (2) the repayments must be made no later than three years after the end of the fiscal year in which the waiver, reimbursement, or payment took place; and (3) any expense recovery paid by the Fund will not cause its expense ratio to exceed 0.87%. See the Investment Option prospectus for further information.
Allianz Fund of Funds
AZL MVP Balanced Index Strategy Fund
AZL MVP Growth Index Strategy Fund
The underlying funds may pay 12b-1 fees to the distributor of the Contracts for distribution and/or administrative services. The underlying funds do not pay service fees or 12b-1 fees to the Allianz Fund of Funds and the Allianz Fund of Funds do not pay service fees or 12b-1 fees. The underlying funds of the Allianz Fund of Funds may pay service fees to the insurance companies issuing variable contracts, or their affiliates, for providing customer service and other administrative services to contract purchasers. The amount of such service fees may vary depending on the underlying fund.
The tool does not take into account any allocation to the variable options. Your results would be different if allocated to the variable options. The annual product fee of 1.25%, withdrawal charges, contract maintenance charges, and, if applicable, any rider fees are not reflected and, if deducted, would lower the results shown. You should consider all of a product's features and benefits and consult with a financial professional regarding your investment objectives and risk tolerance before purchasing a variable annuity.
Variable Options
Blackrock
AZL Government Money Market Fund
Other Expenses for the AZL Government Money Market Fund include a recoupment of prior waived fees in the amount of 0.24%. The Manager has voluntarily undertaken to waive, reimburse, or pay the Fund’s expenses to the extent necessary in order to maintain a minimum daily net investment income for the Fund of 0.00%. The recoupment of prior waived fees reflects the recoupment of amounts previously waived, reimbursed, or paid by the Manager under this arrangement. Such recoupments are subject to the following limitations: (1) the repayments will not cause the Fund’s net investment income to fall below 0.00%; (2) the repayments must be made no later than three years after the end of the fiscal year in which the waiver, reimbursement, or payment took place; and (3) any expense recovery paid by the Fund will not cause its expense ratio to exceed 0.87%. See the Investment Option prospectus for further information.
Allianz Fund of Funds
AZL MVP Balanced Index Strategy Fund
AZL MVP Growth Index Strategy Fund
The underlying funds may pay 12b-1 fees to the distributor of the Contracts for distribution and/or administrative services. The underlying funds do not pay service fees or 12b-1 fees to the Allianz Fund of Funds and the Allianz Fund of Funds do not pay service fees or 12b-1 fees. The underlying funds of the Allianz Fund of Funds may pay service fees to the insurance companies issuing variable contracts, or their affiliates, for providing customer service and other administrative services to contract purchasers. The amount of such service fees may vary depending on the underlying fund.
The tool does not take into account any allocation to the variable options. Your results would be different if allocated to the variable options. The annual product fee of 1.25%, withdrawal charges, contract maintenance charges, and, if applicable, any rider fees are not reflected and, if deducted, would lower the results shown. You should consider all of a product's features and benefits and consult with a financial professional regarding your investment objectives and risk tolerance before purchasing a variable annuity.
Available in states:
NY
|
Type
|
Registered Index-Linked |
|---|---|
| Purpose | Accumulation |
|
Term
|
6 Years |
|
Surrender schedule
|
8%7%6%5%3%1% |
|
Free withdrawal
|
10% |
| Flexible premium | Product Life |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$10,000 |
|
Maximum contribution
|
$1,000,000 |
|
Max Age Qualified
|
80 |
|
Types of funds
|
Non-Qualified, 401k, IRA, 401a, IRA Transfer, SEP IRA, IRA-Roth, and Inherited IRA |
Brochure
|
Open brochure |
Find out if the Index Advantage NY is the right product for you.
Premium Notes
Issue Age
Age 80 or younger if you select the traditional death Benefit, or age 75 or younger if you select the Maximum Anniversary Value Death Benefit.
Age 80 or younger if you select the traditional death Benefit, or age 75 or younger if you select the Maximum Anniversary Value Death Benefit.
Withdrawal Provisions
Free Withdrawal Privilege
Allows you to withdraw 10% of your total Purchase Payments each Contract Year during the Accumulation Phase without incurring a withdrawal charge.
Allows you to withdraw 10% of your total Purchase Payments each Contract Year during the Accumulation Phase without incurring a withdrawal charge.
- Any unused free withdrawal privilege in one Contract Year is not added to the amount available in the next Contract Year.
- On a full withdrawal these free withdrawals may be subject to a withdrawal charge as described in the prospectus.
- If you withdraw more than the free withdrawal privilege we will assess a withdrawal charge if the withdrawal is taken from a Purchase Payment we received within the last six years.
Systematic Withdrawal Program
Provides automatic withdrawals of at least $100 to you at a frequency you select. The withdrawals reduce the amount available under the free withdrawal privilege but are not subject to a withdrawal charge if you exceed the free withdrawal privilege.
Provides automatic withdrawals of at least $100 to you at a frequency you select. The withdrawals reduce the amount available under the free withdrawal privilege but are not subject to a withdrawal charge if you exceed the free withdrawal privilege.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year S&P 500 PTP Cap Performance Strategy |
Point to Point
Annual
|
15%
Cap
|
| 1-Year Russell 2000 PTP Cap Performance Strategy |
Point to Point
Annual
|
17.25%
Cap
|
| 1-Year EURO STOXX 50 PTP Cap Performance Strategy |
Point to Point
Annual
|
24%
Cap
|
| 1-Year Nasdaq-100 PTP Cap Performance Strategy |
Point to Point
Annual
|
15%
Cap
|
| 1-Year EURO STOXX 50 PTP Cap Protection Strategy |
Point to Point
Annual
|
11.25%
Cap
|
| 1-Year S&P 500 PTP Cap Protection Strategy |
Point to Point
Annual
|
8.25%
Cap
|
| 1-Year Russell 2000 PTP Cap Protection Strategy |
Point to Point
Annual
|
9%
Cap
|
| 1-Year Nasdaq-100 PTP Cap Protection Strategy |
Point to Point
Annual
|
8.25%
Cap
|
| 3-Year S&P 500 PTP Participation Rate Performance Strategy with 10% Buffer Uncapped |
Point to Point
Triennial
|
100%
Participation
65%
Cap
|
| 3-Year Russell 2000 PTP Participation Rate Performance Strategy with 10% Buffer Uncapped |
Point to Point
Triennial
|
100%
Participation
70%
Cap
|
| 3-Year S&P 500 PTP Participation Rate with Cap Performance Strategy with 20% Buffer |
Point to Point
Triennial
|
100%
Participation
45%
Cap
|
| 3-Year Russell 2000 PTP Participation Rate with Cap Performance Strategy with 20% Buffer |
Point to Point
Triennial
|
100%
Participation
50%
Cap
|
| 6-Year S&P 500 PTP Participation Rate Performance Strategy Uncapped |
Point to Point
6-Year
|
105%
Participation
|
| 6-Year Russell 2000 PTP Participation Rate Performance Strategy Uncapped |
Point to Point
6-Year
|
100%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 |
|---|---|---|---|---|---|---|
| Penalty | 8% | 7% | 6% | 5% | 3% | 1% |
Riders
No Riders for Index Advantage NY annuity.
Waivers
Nursing Home
This benefit allows you to take a withdrawal without incurring a withdrawal charge if you are confined to a nursing home for a period of at least 90 consecutive days.
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