Allianz Accumulation Advantage+
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Highlights
Allianz Accumulation Advantage+ Annuity can help you accumulate retirement savings and receive income in the form of annuity payments. It offers:
- Opportunity to accumulate tax-deferred with a premium bonus, indexed interest based on changes in an external market index, and fixed interest,
- Protection of your principal and credited interest from market losses, and
- Choices for accessing your money, including enhanced penalty-free withdrawals up to 20%.
Blended Futures Index
The Blended Futures Index is comprised of four sub-indexes: S&P 500 Futures Index ER, Bloomberg International Equity Custom Futures ER Index, Bloomberg US 10yr Note Custom Futures ER Index, and Bloomberg US Small Cap Custom Futures ER Index.
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
The Blended Futures Index is comprised of four sub-indexes: S&P 500 Futures Index ER, Bloomberg International Equity Custom Futures ER Index, Bloomberg US 10yr Note Custom Futures ER Index, and Bloomberg US Small Cap Custom Futures ER Index.
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
- Enhanced rates for monthly sum, annual point-to-point, performance trigger, and MY 2-year 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 0.95%. After contract issue, the maximum allocation charge percentage is 0.95%.
- Standard and Enhanced participation rates for MY 5-year point-to-point crediting method 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 for Standard participation rates is 0% with a maximum of 2.50%. The current allocation charge for Enhanced participation rates is 0.95%.
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, NM, NC, ND, OH, OK, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
|
Type
|
Fixed Index |
|---|---|
| Purpose | Accumulation |
|
Premium Bonus
|
13% |
|
Term
|
10 Years |
|
Surrender schedule
|
9.3%8.85%7.9%6.95%5.95%5%4%3%2%1% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
03/19/2024 |
|
Minimum contribution
|
$20,000 |
|
Maximum contribution
|
$2,000,000 |
|
Max Age Qualified
|
80 |
|
Types of funds
|
Non-Qualified, 401k, Profit Sharing, IRA, Pension, IRA Rollover, 401a, IRA Transfer, SEP IRA, KEOGH, IRA-Roth, and TSP |
Brochure
|
Open brochure |
Find out if the Allianz Accumulation Advantage+ is the right product for you.
Premium Notes
Premium Notes
Initial minimum: $20,000, qualified and nonqualified
Maximum premium: $2,000,000 without approval
You may add more premium for the first 18 contract months in any amount between $25 and $25,000, unless we approve a larger amount. Additional premium is not allowed if you have taken a partial withdrawal or required minimum distribution (RMD) in the same contract year.
Notes:
Initial minimum: $20,000, qualified and nonqualified
Maximum premium: $2,000,000 without approval
You may add more premium for the first 18 contract months in any amount between $25 and $25,000, unless we approve a larger amount. Additional premium is not allowed if you have taken a partial withdrawal or required minimum distribution (RMD) in the same contract year.
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 years following any year in which premium is paid and before you take annuity payments, you can take up to 10% of your contract’s paid premium or beginning of the year accumulation value – whichever is greater – each contract year in one or more withdrawals free of withdrawal charges and market value adjustments (MVAs).
Enhanced penalty-free partial withdrawals
If you do not take your full annual free withdrawal in a contract year, and you have not paid premium in that contract year, any unused free withdrawal percentage will carry over to the following year as an enhanced penalty-free withdrawal percentage, up to a maximum of 20%.
Free withdrawals can also affect your index interest. If the interest rate for an indexed allocation is positive at the end of any crediting period, we will credit indexed interest to your contract (based on the crediting method) for any free withdrawals you took from that index allocation earlier that crediting period. The amount of interest will reflect the portion of the crediting period that your free withdrawal remained in the index allocation.
Excess withdrawals
If you wish, you may also take a larger withdrawal. During your contract’s first 10 years, there are withdrawal charges, so, if you take out more than your total free partial withdrawal amount, or take withdrawals in a contract year in which premium was paid, a partial withdrawal charge, an unvested premium bonus decrease, and an MVA will be applied to the amount greater than the free withdrawal amount.
Market Value Adjustment
An MVA is a calculation we use to adjust your values according to the interest rate environment when you take your withdrawal. The MVA may increase or decrease your contract’s cash value. However, the MVA can never cause your contract’s cash value to be less than the guaranteed minimum value or more than the accumulation value.
In the years following any year in which premium is paid and before you take annuity payments, you can take up to 10% of your contract’s paid premium or beginning of the year accumulation value – whichever is greater – each contract year in one or more withdrawals free of withdrawal charges and market value adjustments (MVAs).
Enhanced penalty-free partial withdrawals
If you do not take your full annual free withdrawal in a contract year, and you have not paid premium in that contract year, any unused free withdrawal percentage will carry over to the following year as an enhanced penalty-free withdrawal percentage, up to a maximum of 20%.
Free withdrawals can also affect your index interest. If the interest rate for an indexed allocation is positive at the end of any crediting period, we will credit indexed interest to your contract (based on the crediting method) for any free withdrawals you took from that index allocation earlier that crediting period. The amount of interest will reflect the portion of the crediting period that your free withdrawal remained in the index allocation.
Excess withdrawals
If you wish, you may also take a larger withdrawal. During your contract’s first 10 years, there are withdrawal charges, so, if you take out more than your total free partial withdrawal amount, or take withdrawals in a contract year in which premium was paid, a partial withdrawal charge, an unvested premium bonus decrease, and an MVA will be applied to the amount greater than the free withdrawal amount.
Market Value Adjustment
An MVA is a calculation we use to adjust your values according to the interest rate environment when you take your withdrawal. The MVA may increase or decrease your contract’s cash value. However, the MVA can never cause your contract’s cash value to be less than the guaranteed minimum value or more than the accumulation value.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.2%
Fixed
|
| 1-Year Blended Futures PTP Participation Rate |
Point to Point
Annual
|
55%
Participation
|
| 1-Year Bloomberg US Dynamic Balance ER III PTP Enhanced Participation Rate |
Point to Point
Annual
|
160%
Participation
|
| 1-Year PIMCO Tactical Balanced ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
140%
Participation
|
| 1-Year S&P 500 Futures ER PTP Participation Rate |
Point to Point
Annual
|
45%
Participation
|
| 1-Year S&P 500 PTP Enhanced Cap |
Point to Point
Annual
|
7.25%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Enhanced Cap |
Point to Point
Annual
Monthly sum
|
2.4%
Cap
|
| 1-Year S&P 500 Futures ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
60%
Participation
|
| 1-Year S&P 500 Futures Daily Risk Control 5% ER PTP Participation Rate |
Point to Point
Annual
|
110%
Participation
|
| 1-Year S&P 500 Futures Daily Risk Control 5% ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
155%
Participation
|
| 1-Year Blended Futures PTP Enhanced Participation Rate |
Point to Point
Annual
|
75%
Participation
|
| 1-Year Bloomberg US Dynamic Balance ER III PTP Participation Rate |
Point to Point
Annual
|
115%
Participation
|
| 2-Year Bloomberg US Dynamic Balance ER III MY PTP Participation Rate |
Point to Point
Biennial
|
160%
Participation
|
| 5-Year S&P 500 Futures Daily Risk Control 5% ER MY PTP Participation Rate |
Point to Point
5-Year
|
250%
Participation
|
| 5-Year PIMCO Tactical Balanced ER MY PTP Participation Rate |
Point to Point
5-Year
|
230%
Participation
|
| 5-Year Bloomberg US Dynamic Balance III ER MY PTP Participation Rate |
Point to Point
5-Year
|
255%
Participation
|
| 2-Year S&P 500 Futures Daily Risk Control 5% ER MY PTP Participation Rate |
Point to Point
Biennial
|
155%
Participation
|
| 1-Year PIMCO Tactical Balanced ER PTP Participation Rate |
Point to Point
Annual
|
100%
Participation
|
| 2-Year PIMCO Tactical Balanced ER MY PTP Participation Rate |
Point to Point
Biennial
|
145%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.9%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5.25%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
4.6%
Performance triggered
|
| 1-Year S&P 500 Enhanced Performance Triggered |
Performance Triggered
Annual
|
6.1%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
3.5%
Fixed
|
| 1-Year S&P 500 Futures Daily Risk Control 5% ER PTP Participation Rate |
Point to Point
Annual
|
130%
Participation
|
| 1-Year S&P 500 Futures ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
75%
Participation
|
| 1-Year S&P 500 Futures Daily Risk Control 5% ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
175%
Participation
|
| 1-Year S&P 500 Futures ER PTP Participation Rate |
Point to Point
Annual
|
60%
Participation
|
| 1-Year Blended Futures PTP Enhanced Participation Rate |
Point to Point
Annual
|
85%
Participation
|
| 1-Year Blended Futures PTP Participation Rate |
Point to Point
Annual
|
65%
Participation
|
| 1-Year PIMCO Tactical Balanced ER PTP Enhanced Participation Rate |
Point to Point
Annual
|
160%
Participation
|
| 1-Year Bloomberg US Dynamic Balance ER III PTP Enhanced Participation Rate |
Point to Point
Annual
|
180%
Participation
|
| 1-Year S&P 500 PTP Enhanced Cap |
Point to Point
Annual
|
8.75%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Enhanced Cap |
Point to Point
Annual
Monthly sum
|
2.7%
Cap
|
| 5-Year S&P 500 Futures Daily Risk Control 5% ER MY PTP Participation Rate |
Point to Point
5-Year
|
285%
Participation
|
| 5-Year PIMCO Tactical Balanced ER MY PTP Participation Rate |
Point to Point
5-Year
|
265%
Participation
|
| 5-Year Bloomberg US Dynamic Balance III ER MY PTP Participation Rate |
Point to Point
5-Year
|
290%
Participation
|
| 2-Year S&P 500 Futures Daily Risk Control 5% ER MY PTP Participation Rate |
Point to Point
Biennial
|
185%
Participation
|
| 2-Year PIMCO Tactical Balanced ER MY PTP Participation Rate |
Point to Point
Biennial
|
170%
Participation
|
| 1-Year PIMCO Tactical Balanced ER PTP Participation Rate |
Point to Point
Annual
|
120%
Participation
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.2%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6.75%
Cap
|
| 1-Year Bloomberg US Dynamic Balance ER III PTP Participation Rate |
Point to Point
Annual
|
135%
Participation
|
| 2-Year Bloomberg US Dynamic Balance ER III MY PTP Participation Rate |
Point to Point
Biennial
|
190%
Participation
|
| 1-Year S&P 500 Enhanced Performance Triggered |
Performance Triggered
Annual
|
6.6%
Performance triggered
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
5.1%
Performance triggered
|
| 2-Year Blended Futures MY PTP Participation Rate |
Point to Point
Biennial
|
70%
Participation
|
| 5-Year S&P 500 Futures Daily Risk Control 5% ER MY PTP Enhanced Participation Rate |
Point to Point
5-Year
|
360%
Participation
|
| 5-Year Bloomberg US Dynamic Balance III ER MY PTP Enhanced Participation Rate |
Point to Point
5-Year
|
365%
Participation
|
| 2-Year Blended Futures MY PTP Enhanced Participation Rate |
Point to Point
Biennial
|
95%
Participation
|
| 5-Year PIMCO Tactical Balanced ER MY PTP Enhanced Participation Rate |
Point to Point
5-Year
|
330%
Participation
|
| 2-Year S&P 500 Futures ER MY PTP Enhanced Participation Rate |
Point to Point
Biennial
|
85%
Participation
|
| 2-Year S&P 500 Futures ER MY PTP Participation Rate |
Point to Point
Biennial
|
60%
Participation
|
| 2-Year Bloomberg US Dynamic Balance ER III MY PTP Enhanced Participation Rate |
Point to Point
Biennial
|
225%
Participation
|
| 2-Year PIMCO Tactical Balanced ER MY PTP Enhanced Participation Rate |
Point to Point
Biennial
|
205%
Participation
|
| 2-Year S&P 500 Futures Daily Risk Control 5% ER MY PTP Enhanced Participation Rate |
Point to Point
Biennial
|
220%
Participation
|
| 5-Year S&P 500 Futures ER MY PTP Participation Rate |
Point to Point
5-Year
|
90%
Participation
|
| 5-Year Blended Futures MY PTP Enhanced Participation Rate |
Point to Point
5-Year
|
150%
Participation
|
| 5-Year Blended Futures MY PTP Participation Rate |
Point to Point
5-Year
|
105%
Participation
|
| 5-Year S&P 500 Futures ER MY PTP Enhanced Participation Rate |
Point to Point
5-Year
|
125%
Participation
|
| 2-Year Blended Futures MY PTP Enhanced Participation Rate |
Point to Point
Biennial
|
110%
Participation
|
| 5-Year S&P 500 Futures ER MY PTP Enhanced Participation Rate |
Point to Point
5-Year
|
140%
Participation
|
| 2-Year S&P 500 Futures ER MY PTP Enhanced Participation Rate |
Point to Point
Biennial
|
100%
Participation
|
| 5-Year Blended Futures MY PTP Participation Rate |
Point to Point
5-Year
|
120%
Participation
|
| 5-Year Bloomberg US Dynamic Balance III ER MY PTP Enhanced Participation Rate |
Point to Point
5-Year
|
400%
Participation
|
| 2-Year S&P 500 Futures ER MY PTP Participation Rate |
Point to Point
Biennial
|
75%
Participation
|
| 2-Year Blended Futures MY PTP Participation Rate |
Point to Point
Biennial
|
85%
Participation
|
| 5-Year Blended Futures MY PTP Enhanced Participation Rate |
Point to Point
5-Year
|
165%
Participation
|
| 5-Year S&P 500 Futures ER MY PTP Participation Rate |
Point to Point
5-Year
|
105%
Participation
|
| 2-Year S&P 500 Futures Daily Risk Control 5% ER MY PTP Enhanced Participation Rate |
Point to Point
Biennial
|
250%
Participation
|
| 5-Year PIMCO Tactical Balanced ER MY PTP Enhanced Participation Rate |
Point to Point
5-Year
|
365%
Participation
|
| 5-Year S&P 500 Futures Daily Risk Control 5% ER MY PTP Enhanced Participation Rate |
Point to Point
5-Year
|
395%
Participation
|
| 2-Year PIMCO Tactical Balanced ER MY PTP Enhanced Participation Rate |
Point to Point
Biennial
|
230%
Participation
|
| 2-Year Bloomberg US Dynamic Balance ER III MY PTP Enhanced Participation Rate |
Point to Point
Biennial
|
255%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
No Riders for Allianz Accumulation Advantage+ annuity.
Waivers
Nursing Home
Unavailable in states: CA
If you are admitted to a nursing home, assisted living care facility, or hospital after the first contract year, and you are there for at least 30 days in any 35-day period, you can begin taking annuity income based on your full accumulation value. We make equal payments for a period you choose that's at least 5 years and no more than 9 years. There is no fee charged for this benefit.
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