Allianz 222 Annuity
Get an annuity today!
Learn how an annuity can provide guaranteed income for life.
Highlights
The Allianz 222 Annuity is a fixed index annuity which has a 10 year surrender charge period.
Income withdrawal benefits
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.
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.
Allocation Charge
Annual point-to-point, 2-year MY point-to-point, and 5-year MY point-to-point crediting methods are subject to an allocation charge, deducted annually from the contract accumulation value and guaranteed minimum value (in most states). The current allocation charge percentage is 0%. After contract issue, the allocation charge percentage can only change when specified criteria are met, and can never be greater than the maximum allocation charge percentage of 2.5%.
The charge does not impact the contract Protected Income Value (PIV).
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.
Allocation Charge
Annual point-to-point, 2-year MY point-to-point, and 5-year MY point-to-point crediting methods are subject to an allocation charge, deducted annually from the contract accumulation value and guaranteed minimum value (in most states). The current allocation charge percentage is 0%. After contract issue, the allocation charge percentage can only change when specified criteria are met, and can never be greater than the maximum allocation charge percentage of 2.5%.
The charge does not impact the contract Protected Income Value (PIV).
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
|
Type
|
Fixed Index |
|---|---|
| Purpose | Lifetime Income |
|
Term
|
10 Years |
|
Surrender schedule
|
10%10%10%8.75%7.5%6.25%5%3.75%2.5%1.25% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$20,000 |
|
Maximum contribution
|
$1,000,000 |
|
Max Age Qualified
|
80 |
|
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 |
Brochure
|
Open brochure |
Find out if the Allianz 222 Annuity is the right product for you.
Premium Notes
Flexible Premium
Allianz 222 is designed to help you accumulate savings for retirement. That's why we give you the flexibility of making additional premium payments until the first day of the 19th month of your contract, or until the date annuity payments begin, whichever comes first. Flexible premium Payments available via lump sump or systematic payments during funding window (monthly, quarterly, semiannually or annually).
Protected Income Value Premium Bonus
We'll credit your PIV with a bonus on all premium you place in your contract in the first 18 months. For the current bonus amount, available on Allianz 222, ask your financial professional.
Protected Income Value Interest Bonus
Allianz 222 also offers an interest bonus. After we determine your allocation interest, we multiply it by the 150% interest bonus factor and credit it to your Protected Income Value. So, if your allocations earned 3% interest for the year, we would actually credit 4.5% interest to your PIV (3% x 50% = 1.5%; 3.0% + 1.5% = 4.5%). We then credit your allocation(s) interest plus the interest bonus to your PIV.
If you allocate money to the fixed interest allocation, we multiply the annual fixed interest rate by the 150% interest bonus factor to determine the PIV annual fixed rate for that year. Then, we credit fixed interest daily based on that rate.
Regardless of the allocation option(s) you choose, Allianz will credit the interest bonus each year in which your allocation has positive interest.
Notes:
Allianz 222 is designed to help you accumulate savings for retirement. That's why we give you the flexibility of making additional premium payments until the first day of the 19th month of your contract, or until the date annuity payments begin, whichever comes first. Flexible premium Payments available via lump sump or systematic payments during funding window (monthly, quarterly, semiannually or annually).
Protected Income Value Premium Bonus
We'll credit your PIV with a bonus on all premium you place in your contract in the first 18 months. For the current bonus amount, available on Allianz 222, ask your financial professional.
Protected Income Value Interest Bonus
Allianz 222 also offers an interest bonus. After we determine your allocation interest, we multiply it by the 150% interest bonus factor and credit it to your Protected Income Value. So, if your allocations earned 3% interest for the year, we would actually credit 4.5% interest to your PIV (3% x 50% = 1.5%; 3.0% + 1.5% = 4.5%). We then credit your allocation(s) interest plus the interest bonus to your PIV.
If you allocate money to the fixed interest allocation, we multiply the annual fixed interest rate by the 150% interest bonus factor to determine the PIV annual fixed rate for that year. Then, we credit fixed interest daily based on that rate.
Regardless of the allocation option(s) you choose, Allianz will credit the interest bonus each year in which your allocation has positive interest.
Notes:
- Allianz takes TSP (Traditional savings plans) as a direct rollover to an IRA.
- Allianz accepts Roth IRA conversions:
While a Roth IRA conversion does create ordinary income in the year of conversion, as long as the distributions from the Roth IRA are qualified, all growth after that is income-tax-free. Generally, if the taxpayer anticipates being subject to higher tax rates in the future than the taxpayer is subject to today, Roth IRA conversions might help the client ultimately have a source of income that is free from income taxes in retirement. Converting a qualified plan or Traditional IRA to a Roth IRA is a taxable event.
Withdrawal Provisions
Free Withdrawals
In the contract year following the most recent premium payment, up to 10% of the contract's premium paid, minus withdrawals, can be withdrawn each contract year without incurring surrender charges or MVA or penalties; maximum is cash surrender value.
Market Value Adjustment (MVA)
The MVA helps us effectively manage changing market conditions.
It can be either a positive or negative adjustment to contract values. In general, the MVA will increase contract values if corporate bond yields are declining and it will decrease contract values if corporate bond yields are rising. We use the yield of the Bloomberg Barclays US Intermediate Corporate Bond Index to measure the change in corporate bond yields for purposes of the MVA.
We will apply the MVA only during the first 10 Contract Years if you: take a full surrender; begin annuity payments before the 5th contract anniversary; begin annuity payments under a nonstandard annuity option; or take a partial surrender that does not meet the criteria for a free partial surrender or Required Minimum Distribution.
The MVA has no effect on the Death Benefit.
In the contract year following the most recent premium payment, up to 10% of the contract's premium paid, minus withdrawals, can be withdrawn each contract year without incurring surrender charges or MVA or penalties; maximum is cash surrender value.
Market Value Adjustment (MVA)
The MVA helps us effectively manage changing market conditions.
It can be either a positive or negative adjustment to contract values. In general, the MVA will increase contract values if corporate bond yields are declining and it will decrease contract values if corporate bond yields are rising. We use the yield of the Bloomberg Barclays US Intermediate Corporate Bond Index to measure the change in corporate bond yields for purposes of the MVA.
We will apply the MVA only during the first 10 Contract Years if you: take a full surrender; begin annuity payments before the 5th contract anniversary; begin annuity payments under a nonstandard annuity option; or take a partial surrender that does not meet the criteria for a free partial surrender or Required Minimum Distribution.
The MVA has no effect on the Death Benefit.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3%
Fixed
|
| 2-Year Bloomberg US Dynamic Balance II ER MY PTP Participation Rate |
Point to Point
Biennial
|
170%
Participation
|
| 2-Year PIMCO Tactical Balanced ER MY PTP Participation Rate |
Point to Point
Biennial
|
165%
Participation
|
| 2-Year S&P 500 Futures Daily Risk Control 5% MY PTP Participation Rate |
Point to Point
Biennial
|
180%
Participation
|
| 5-Year Bloomberg US Dynamic Balance II ER MY PTP Participation Rate |
Point to Point
5-Year
|
265%
Participation
|
| 5-Year PIMCO Tactical Balanced ER MY PTP Participation Rate |
Point to Point
5-Year
|
260%
Participation
|
| 5-Year S&P 500 Futures Daily Risk Control 5% MY PTP Participation Rate |
Point to Point
5-Year
|
280%
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
|
5%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.8%
Cap
|
| 1-Year BlackRock iBLD Claria PTP Cap |
Point to Point
Annual
|
3.5%
Cap
|
| 1-Year BlackRock iBLD Claria ER PTP Participation Rate |
Point to Point
Annual
|
125%
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
|
115%
Participation
|
| 1-Year PIMCO Tactical Balanced ER PTP Participation Rate |
Point to Point
Annual
|
110%
Participation
|
| 1-Year Bloomberg US Dynamic Balance II PTP Cap |
Point to Point
Annual
|
3.5%
Cap
|
| 1-Year PIMCO Tactical Balanced PTP Cap |
Point to Point
Annual
|
3.5%
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 | |
| Allianz 222 Protected Income Value rider (AK, ID, IL, MD, NC, NH, NJ, OH, PA, TX, UT, WA) | Yes |
Waivers
Hospital
Contact us to get more information about this waiver.
Nursing Home
Unavailable in states: KS, MA, NJ, OR, and PA
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. 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. The six activities of daily living are bathing, continence, dressing, eating, toileting, and transferring.
ADL
Contact us to get more information about this waiver.
Ready to Protect Your Financial Future?
Request a free quote or talk to our financial expert to get help