Allianz Life Insurance Company of North America

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Allianz Accumulation Advantage Classic

The Allianz Life Insurance Company of North America, first founded in 1896, has become a leading figure in the retirement savings industry. By providing life insurance and annuity products, Allianz Life’s goal is to help individuals in their post-work years find financial comfort. With a diverse portfolio of fixed, variable, and indexed annuities complemented by a great number of life insurance solutions, the company leverages its expertise and resources to supply solutions that address the risk profiles and prerequisites of various customers. Interestingly enough, they are the title sponsor of the MLS’s Minnesota United FC stadium. Furthermore, as a continuously growing company, they have acquired and collaborated with many firms within their industry.

Allianz Accumulation Advantage Classic

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About Product

Type

Fixed Index

Purpose

Accumulation

Term

10 Years

Surrender schedule

9.3%

8.85%

7.9%

6.95%

5.95%

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$20,000

Maximum Contribution

$2,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, 401k, Profit Sharing, Traditional IRA, Pension, IRA Rollover, 401a, IRA Transfer, SEP IRA, KEOGH, IRA-Roth, TSP, Roth Conversion (Partial), and Roth Conversion (Full)

Allianz Accumulation Advantage Classic 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 indexed interest;
Protection of your principal and credited interest from market losses;
Flexible Access options including enhanced penalty-free partial withdrawals up to 20%, annuity payments, or a single lump-sum payment after 10 years without a withdrawal charge.

Index Lock

The Index Lock feature helps you react to volatility by letting you lock in a positive change in index value at any point during the crediting period. This assures you receive a positive index credit, no matter what happens in the market during the remainder of the crediting period.
Exercising an index lock may result in a credit higher or lower than if the lock had not been exercised. Index Lock is not available with all allocation options.

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, highest daily value, 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%. After contract issue, the allocation charge percentage for standard and enhanced participation rates can only change when specified criteria are met, and can never be greater than the maximum allocation charge percentage of 2.50%.

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, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name	Type	Rates
1-Year Bloomberg US Dynamic Balance III ER Highest Daily Value with Participation Rate	Highest Daily Value Annual	78% Participation
1-Year Bloomberg US Dynamic Balance III ER Highest Daily Value with Enhanced Participation Rate	Highest Daily Value Annual	100% Participation
1-Year Fixed Account	Fixed	3.6% Fixed
5-Year Morgan Stanley Strategic Trends 10 ER MY PTP Enhanced Participation Rate	Point to Point 5-Year	255% Participation
2-Year Morgan Stanley Strategic Trends 10 ER MY PTP Participation Rate	Point to Point Biennial	110% Participation
2-Year Morgan Stanley Strategic Trends 10 ER MY PTP Enhanced Participation Rate	Point to Point Biennial	150% 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	70% Participation
2-Year PIMCO Tactical Balanced ER MY PTP Enhanced Participation Rate	Point to Point Biennial	255% Participation
2-Year Bloomberg US Dynamic Balance ER III MY PTP Enhanced Participation Rate	Point to Point Biennial	250% Participation
2-Year PIMCO Tactical Balanced ER MY PTP Participation Rate	Point to Point Biennial	200% Participation
2-Year Bloomberg US Dynamic Balance ER III MY PTP Participation Rate	Point to Point Biennial	190% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	7% Cap
5-Year Morgan Stanley Strategic Trends 10 ER MY PTP Participation Rate	Point to Point 5-Year	190% Participation
5-Year S&P 500 Futures ER MY PTP Enhanced Participation Rate	Point to Point 5-Year	125% Participation
5-Year S&P 500 Futures ER MY PTP Participation Rate	Point to Point 5-Year	105% Participation
5-Year PIMCO Tactical Balanced ER MY PTP Enhanced Participation Rate	Point to Point 5-Year	415% Participation
5-Year Bloomberg US Dynamic Balance III ER MY PTP Enhanced Participation Rate	Point to Point 5-Year	405% Participation
5-Year Bloomberg US Dynamic Balance III ER MY PTP Participation Rate	Point to Point 5-Year	315% Participation
5-Year PIMCO Tactical Balanced ER MY PTP Participation Rate	Point to Point 5-Year	325% Participation
1-Year S&P 500 PTP Monthly Sum Cap	Point to Point Annual Monthly sum	2.3% Cap
1-Year S&P 500 PTP Monthly Sum Enhanced Cap	Point to Point Annual Monthly sum	2.8% Cap
1-Year S&P 500 PTP Enhanced Cap	Point to Point Annual	8.75% Cap
1-Year Blended Futures PTP Participation Rate	Point to Point Annual	80% Participation
1-Year Blended Futures PTP Enhanced Participation Rate	Point to Point Annual	105% Participation
1-Year Bloomberg US Dynamic Balance III ER PTP Participation Rate	Point to Point Annual	130% Participation
1-Year Bloomberg US Dynamic Balance III ER PTP Enhanced Participation Rate	Point to Point Annual	170% Participation
1-Year Morgan Stanley Strategic Trends 10 ER PTP Participation Rate	Point to Point Annual	90% Participation
1-Year Morgan Stanley Strategic Trends 10 ER PTP Enhanced Participation Rate	Point to Point Annual	115% Participation
1-Year PIMCO Tactical Balanced ER PTP Participation Rate	Point to Point Annual	135% Participation
1-Year PIMCO Tactical Balanced 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	55% Participation
1-Year S&P 500 Futures ER PTP Enhanced Participation Rate	Point to Point Annual	65% Participation
1-Year S&P 500 Enhanced Performance Trigger	Performance Triggered Annual	6.75% Performance triggered
1-Year S&P 500 Performance Trigger	Performance Triggered Annual	5.25% Performance triggered
1-Year Bloomberg US Dynamic Balance III ER Highest Daily Value with Enhanced Participation Rate	Highest Daily Value Annual	112% Participation
1-Year Bloomberg US Dynamic Balance III ER Highest Daily Value with Participation Rate	Highest Daily Value Annual	89% Participation
1-Year Fixed Account	Fixed	4.1% Fixed
2-Year Bloomberg US Dynamic Balance ER III MY PTP Participation Rate	Point to Point Biennial	220% Participation
5-Year Morgan Stanley Strategic Trends 10 ER MY PTP Enhanced Participation Rate	Point to Point 5-Year	285% Participation
5-Year Morgan Stanley Strategic Trends 10 ER MY PTP Participation Rate	Point to Point 5-Year	220% Participation
5-Year S&P 500 Futures ER MY PTP Enhanced Participation Rate	Point to Point 5-Year	140% Participation
5-Year S&P 500 Futures ER MY PTP Participation Rate	Point to Point 5-Year	125% Participation
5-Year PIMCO Tactical Balanced ER MY PTP Enhanced Participation Rate	Point to Point 5-Year	445% Participation
5-Year Bloomberg US Dynamic Balance III ER MY PTP Enhanced Participation Rate	Point to Point 5-Year	445% Participation
5-Year Bloomberg US Dynamic Balance III ER MY PTP Participation Rate	Point to Point 5-Year	355% Participation
5-Year PIMCO Tactical Balanced ER MY PTP Participation Rate	Point to Point 5-Year	360% Participation
2-Year Morgan Stanley Strategic Trends 10 ER MY PTP Participation Rate	Point to Point Biennial	130% Participation
2-Year Morgan Stanley Strategic Trends 10 ER MY PTP Enhanced Participation Rate	Point to Point Biennial	170% Participation
2-Year S&P 500 Futures ER MY PTP Enhanced Participation Rate	Point to Point Biennial	100% Participation
2-Year S&P 500 Futures ER MY PTP Participation Rate	Point to Point Biennial	85% Participation
2-Year PIMCO Tactical Balanced ER MY PTP Enhanced Participation Rate	Point to Point Biennial	280% Participation
2-Year Bloomberg US Dynamic Balance ER III MY PTP Enhanced Participation Rate	Point to Point Biennial	280% Participation
2-Year PIMCO Tactical Balanced ER MY PTP Participation Rate	Point to Point Biennial	225% Participation
1-Year S&P 500 PTP Enhanced Cap	Point to Point Annual	11% Cap
1-Year Blended Futures PTP Participation Rate	Point to Point Annual	90% Participation
1-Year Blended Futures PTP Enhanced Participation Rate	Point to Point Annual	115% Participation
1-Year Bloomberg US Dynamic Balance III ER PTP Participation Rate	Point to Point Annual	150% Participation
1-Year Bloomberg US Dynamic Balance III ER PTP Enhanced Participation Rate	Point to Point Annual	190% Participation
1-Year Morgan Stanley Strategic Trends 10 ER PTP Participation Rate	Point to Point Annual	105% Participation
1-Year Morgan Stanley Strategic Trends 10 ER PTP Enhanced Participation Rate	Point to Point Annual	130% Participation
1-Year PIMCO Tactical Balanced ER PTP Participation Rate	Point to Point Annual	155% Participation
1-Year PIMCO Tactical Balanced ER PTP Enhanced Participation Rate	Point to Point Annual	190% Participation
1-Year S&P 500 Futures ER PTP Participation Rate	Point to Point Annual	65% Participation
1-Year S&P 500 Futures ER PTP Enhanced Participation Rate	Point to Point Annual	80% Participation
1-Year S&P 500 PTP Monthly Sum Enhanced Cap	Point to Point Annual Monthly sum	3.1% Cap
1-Year S&P 500 PTP Monthly Sum Cap	Point to Point Annual Monthly sum	2.6% Cap
1-Year S&P 500 PTP Cap	Point to Point Annual	9.25% Cap
1-Year S&P 500 Performance Trigger	Performance Triggered Annual	7.25% Performance triggered
1-Year S&P 500 Enhanced Performance Trigger	Performance Triggered Annual	8.5% Performance triggered

Surrender schedule

Year	1	2	3	4	5	6	7	8	9	10
Penalty	9%	9%	8%	7%	6%	5%	4%	3%	2%	1%

Hypothetical Projection

Comparison against S&P 500 using current rates

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Riders

No Riders for Allianz Accumulation Advantage Classic annuity.

Waivers

RMD

If your Allianz annuity is held within a tax-qualified plan (IRA, SEP, etc.), RMDs from your annuity will qualify as free partial withdrawals if you provide Allianz notice. The accumulation value and the amount available for free withdrawals will be reduced by the amount of the distribution(s).

Premium Notes

You may add more premium for the first 18 contract months in any amount between $25 and $25,000, unless Allianz approves 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.

Withdrawal Provisions

Free partial withdrawalsIn 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 withdrawalsIf 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, Allianz 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.If you take a full withdrawal or annuitize your contract, no interest will be earned for that crediting period. If an excess withdrawal is taken, no partial credits will be earned for that crediting period. Excess withdrawalsIf 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 and an MVA will be applied to the amount greater than the free withdrawal amount.Market Value AdjustmentAn MVA is a calculation Allianz uses 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.

Company Founded: 1896

TOP Rated Company

Allianz Life Insurance Company of North America

Company Ratings

4.4