4.9
based on complex data
Annuity Educator Rating
Annuity review
Index Advantage+ NY
The Index Advantage+ NY annuity delivers a secure and rewarding pathway towards a snooze-worthy retirement. It promises predictable growth and shields your investment from market downturns- a real game-changer!
Salient features like flexible payment options and death benefits make it a prime choice for those planning for a peaceful future. You can't go wrong with the Index Advantage+ NY. A worthy option for a worry-free nest egg!
Index Advantage+ NY
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About Product
Type
Registered Index-Linked
Purpose
Accumulation
Term
6 Years
Surrender schedule
8%
7%
6%
5%
3%
1%
Fee withdrawal:
10%
Flexible premium
Product Life
Market Value Adjustment
No
Return Of Premium
No
Minimum Contribution
$10,000
Maximum Contribution
$1,000,000
Max Age Qualified
85
Types Of Funds
Non-Qualified, 401k, IRA, 401a, IRA Transfer, SEP IRA, IRA-Roth, and Inherited IRA
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
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year S&P 500 PTP Cap Performance Strategy with 10% Buffer |
Point to Point
Annual
|
16%
Cap
|
| 1-Year Russell 2000 PTP Cap Performance Strategy with 10% Buffer |
Point to Point
Annual
|
17.75%
Cap
|
| 1-Year EURO STOXX 50 PTP Cap Performance Strategy with 10% Buffer |
Point to Point
Annual
|
25.5%
Cap
|
| 1-Year Nasdaq-100 PTP Cap Performance Strategy with 10% Buffer |
Point to Point
Annual
|
15.25%
Cap
|
| 1-Year EURO STOXX 50 PTP Cap Protection Strategy |
Point to Point
Annual
|
10.75%
Cap
|
| 1-Year S&P 500 PTP Cap Protection Strategy |
Point to Point
Annual
|
7.75%
Cap
|
| 1-Year Russell 2000 PTP Cap Protection Strategy |
Point to Point
Annual
|
8.5%
Cap
|
| 1-Year Nasdaq-100 PTP Cap Protection Strategy |
Point to Point
Annual
|
7.75%
Cap
|
| 3-Year S&P 500 PTP Participation Rate with Cap Performance Strategy with 10% Buffer |
Point to Point
Triennial
|
100%
Participation
100%
Cap
|
| 3-Year Russell 2000 PTP Participation Rate with Cap Performance Strategy with 10% Buffer |
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
40%
Cap
|
| 3-Year Russell 2000 PTP Participation Rate with Cap Performance Strategy with 20% Buffer |
Point to Point
Triennial
|
100%
Participation
45%
Cap
|
| 6-Year S&P 500 PTP Participation Rate with Cap Performance Strategy with 10% Buffer Uncapped |
Point to Point
6-Year
|
100%
Participation
|
| 6-Year Russell 2000 PTP Participation Rate with Cap Performance Strategy with 10% Buffer |
Point to Point
6-Year
|
100%
Participation
85%
Cap
|
| 1-Year S&P 500 Dual Precision Strategy |
Dual Step Up
Annual
|
8.7%
Performance triggered
|
| 1-Year Russell 2000 Dual Precision Strategy |
Dual Step Up
Annual
|
10.2%
Performance triggered
|
| 1-Year Nasdaq-100 Dual Precision Strategy |
Dual Step Up
Annual
|
10.2%
Performance triggered
|
| 1-Year EURO STOXX 50 Dual Precision Strategy |
Dual Step Up
Annual
|
8.6%
Performance triggered
|
| 1-Year Nasdaq-100 PTP Cap Performance Strategy with 20% Buffer |
Point to Point
Annual
|
10.75%
Cap
|
| 1-Year Nasdaq-100 PTP Cap Performance Strategy with 30% Buffer |
Point to Point
Annual
|
9.25%
Cap
|
| 1-Year EURO STOXX 50 PTP Cap Performance Strategy with 30% Buffer |
Point to Point
Annual
|
11.5%
Cap
|
| 1-Year Russell 2000 PTP Cap Performance Strategy with 30% Buffer |
Point to Point
Annual
|
9.75%
Cap
|
| 1-Year S&P 500 PTP Cap Performance Strategy with 30% Buffer |
Point to Point
Annual
|
8.5%
Cap
|
| 1-Year S&P 500 PTP Cap Performance Strategy with 20% Buffer |
Point to Point
Annual
|
10.75%
Cap
|
| 1-Year Russell 2000 PTP Cap Performance Strategy with 20% Buffer |
Point to Point
Annual
|
12.25%
Cap
|
| 1-Year EURO STOXX 50 PTP Cap Performance Strategy with 20% Buffer |
Point to Point
Annual
|
16%
Cap
|
| 3-Year S&P 500 PTP Participation Rate with Cap Performance Strategy with 30% Buffer |
Point to Point
Triennial
|
100%
Participation
30%
Cap
|
| 3-Year Russell 2000 PTP Participation Rate with Cap Performance Strategy with 30% Buffer |
Point to Point
Triennial
|
100%
Participation
40%
Cap
|
| 6-Year Russell 2000 PTP Participation Rate with Cap Performance Strategy with 20% Buffer |
Point to Point
6-Year
|
100%
Participation
80%
Cap
|
| 6-Year S&P 500 PTP Participation Rate with Cap Performance Strategy with 20% Buffer |
Point to Point
6-Year
|
100%
Participation
125%
Cap
|
| 6-Year S&P 500 PTP Participation Rate with Cap Performance Strategy with 30% Buffer |
Point to Point
6-Year
|
100%
Participation
60%
Cap
|
| 6-Year Russell 2000 PTP Participation Rate with Cap Performance Strategy with 30% Buffer |
Point to Point
6-Year
|
100%
Participation
65%
Cap
|
| 1-Year S&P 500 Precision Strategy |
Performance Triggered
Annual
|
10.5%
Performance triggered
|
| 1-Year Russell 2000 Precision Strategy |
Performance Triggered
Annual
|
12.3%
Performance triggered
|
| 1-Year Nasdaq-100 Precision Strategy |
Performance Triggered
Annual
|
12.1%
Performance triggered
|
| 1-Year EURO STOXX 50 Precision Strategy |
Performance Triggered
Annual
|
11.1%
Performance triggered
|
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.
Premium Notes
Issue Age
- Age 0-85
Purchase Payments
- Minimum initial: $10,000
- Minimum subsequent: $50
- Maximum: $10,000,000
- Each purchase payment begins its own withdrawal charge schedule.
- We restrict additional purchase payments. Each Index Year you cannot add more than your initial amount (total of all purchase payments received before the first Quarterly Contract Anniversary of the first Contract Year). We allow you to add up to the initial amount in the remainder of the first Index Year.
Withdrawal Provisions
Free Withdrawal PrivilegeAllows 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 ProgramProvides 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.
Company Founded: 1982
TOP Rated
Company
Company Ratings
4.8
- A.M. Best A+
- S&P AA
- Comdex 96
Assets: $680,264,821
New York
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