Allianz Benefit Control

The Allianz Benefit Control Annuity is a fixed index annuity which has a 10 year surrender charge period. Allianz Benefit Control Annuity offers principal protection from market downturns, tax deferral, accumulation potential, flexibility, multiple allocations options, and access to the full accumulation after 10 years.
There are two types of bonuses credited to the contract’s Protected Income Value (PIV).
First, a premium bonus will be credited to any premiums in the first 18 months. Next, through an innovative feature we call the Bonus Control Benefit, can choose between the following options prior to income election:

To receive the Protected Income Value, including any premium bonuses and interest bonuses, clients must begin receiving lifetime withdrawals between the ages of 50 and 100.

Anytime after age 50, your client can access the Protected Income Value immediately or on any monthly anniversary by electing either single or joint lifetime withdrawals.

Both the premium bonus and interest bonus are credited only to the Protected Income Value (PIV). To receive the PIV, including the value of these bonuses, lifetime withdrawals must be taken. The PIV is not available as a lump sum. You will not receive these bonuses if the contract is fully surrendered or if traditional annuitization payments are taken. If it is partially surrendered the PIV will be reduced proportionally, which could result in a partial loss of bonuses.

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.
Income multiplier benefit rider fee: None

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.