Allianz Accumulation Advantage 7
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Highlights
Allianz Accumulation Advantage 7 Annuity is a fixed index annuity (FIA) that offers valuable benefits. In addition to tax-deferred growth potential and death benefit options, it provides:
- Accumulation Potential through fixed or indexed interest
- Protection of your principal and credited interest from market losses
- Flexible Access options including annuity payments or a single lump-sum payment after 7 years
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.
Please, refer to the official Allianz website for rates and illustrations.
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.
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 | Accumulation |
|
Term
|
7 Years |
|
Surrender schedule
|
8.5%8%7%6%5%4%3% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$20,000 |
|
Maximum contribution
|
$2,000,000 |
|
Max Age Qualified
|
85 |
|
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 7 is the right product for you.
Premium Notes
Premium Notes
Initial minimum: $20,000, qualified and nonqualified
Maximum premium: $2,000,000 without approval
Additional premium may be accepted through the first 18 months. Flexible premium Payments available via lump sump or systematic payments during funding window (monthly, quarterly, semiannually or annually).
Notes:
Initial minimum: $20,000, qualified and nonqualified
Maximum premium: $2,000,000 without approval
Additional premium may be accepted through the first 18 months. Flexible premium Payments available via lump sump or systematic payments during funding window (monthly, quarterly, semiannually or annually).
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
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 accumulation value – whichever is greater – each contract year in one or more withdrawals free of withdrawal charges, market value adjustments (MVAs), and penalties. Withdrawals will reduce contract values and the calculation of any death benefits and future annuity payments. Withdrawals will not affect your premium band.
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 accumulation value – whichever is greater – each contract year in one or more withdrawals free of withdrawal charges, market value adjustments (MVAs), and penalties. Withdrawals will reduce contract values and the calculation of any death benefits and future annuity payments. Withdrawals will not affect your premium band.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4.9%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9%
Cap
|
| 1-Year Bloomberg US Dynamic Balance III ER PTP Participation Rate |
Point to Point
Annual
|
190%
Participation
|
| 1-Year PIMCO Tactical Balanced ER PTP Participation Rate |
Point to Point
Annual
|
175%
Participation
|
| 1-Year S&P 500 Futures ER PTP Participation Rate |
Point to Point
Annual
|
65%
Participation
|
| 2-Year Bloomberg US Dynamic Balance III ER MY PTP Participation Rate |
Point to Point
Biennial
|
265%
Participation
|
| 2-Year PIMCO Tactical Balanced ER MY PTP Participation Rate |
Point to Point
Biennial
|
245%
Participation
|
| 2-Year S&P 500 Futures ER MY PTP Participation Rate |
Point to Point
Biennial
|
90%
Participation
|
| 1-Year Fixed Account |
Fixed
|
5.4%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
11%
Cap
|
| 1-Year Bloomberg US Dynamic Balance III ER PTP Participation Rate |
Point to Point
Annual
|
210%
Participation
|
| 1-Year PIMCO Tactical Balanced ER PTP Participation Rate |
Point to Point
Annual
|
195%
Participation
|
| 1-Year S&P 500 Futures ER PTP Participation Rate |
Point to Point
Annual
|
80%
Participation
|
| 2-Year Bloomberg US Dynamic Balance III ER MY PTP Participation Rate |
Point to Point
Biennial
|
290%
Participation
|
| 2-Year PIMCO Tactical Balanced ER MY PTP Participation Rate |
Point to Point
Biennial
|
270%
Participation
|
| 2-Year S&P 500 Futures ER MY PTP Participation Rate |
Point to Point
Biennial
|
105%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% | 4% | 3% |
Riders
No Riders for Allianz Accumulation Advantage 7 annuity.
Waivers
No Waivers for Allianz Accumulation Advantage 7 annuity.
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