Allianz Life Insurance Company of North America

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Index Advantage+ Income

The Index Advantage+ Income goes beyond being a mere annuity. It's a reliable friend that ensures a steady income during your golden years. Its sturdy earnings and sturdy growth make it a smart, future-loving choice.

Want a relaxing retirement? This product has benefits such as flexible withdrawals and profit participation. This isn't just financial security, it's peace of mind. The Index Advantage+ income is definitely worth considering!

Index Advantage+ Income

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About Product

Type

Registered Index-Linked

Purpose

Lifetime Income

Term

6 Years

Surrender schedule

Fee withdrawal:

10%

Flexible premium

Product Life

Market Value Adjustment

Return Of Premium

Minimum Contribution

$5,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, 401k, IRA, 401a, IRA Transfer, SEP IRA, IRA-Roth, and TSP

Allianz Index Advantage Income Variable Annuity to help you meet your retirement income goals. It provides tax deferral, Withdrawals will reduce the contract value and the value of any protection benefits. Withdrawals taken within the contract withdrawal charge schedule will be subject to a withdrawal charge. a variety of lifetime payout options to help you prepare for retirement including annuity payments and income payments, and a choice between two death benefit options (one optional, and at an additional cost) during the accumulation phase

Product and Rider Fees:
Accrued daily and deducted on each Quarterly Contract Anniversary. Each fee is calculated as a percentage of the Charge Base ( the Contract Value on the preceding Quarterly Contract Anniversary, adjusted for subsequent Purchase Payments and withdrawals).

Product Fee is 1.25%
Rider Fee is 0.70% for the Income Benefit.
Rider fee is 0.20% for the Maximum Anniversary Value Death Benefit. If you select this benefit, you will pay 2.15% in total annual Contract fees (product fee plus the rider fees).

Other Contract Fees and Expenses

An 8.5% declining withdrawal charge applies to withdrawals taken within six years after receipt of each Purchase Payment during the Accumulation Phase, and during the Income Period to Excess Withdrawals (the amount of any withdrawal taken during an Index Year that when added to other withdrawals and scheduled Income Payments is greater than your annual maximum Income Payment).
$50 contract maintenance charge assessed annually if the total Contract Value is less than $100,000.
AZL Government Money Market Fund operating expenses before fee waivers and expense reimbursements of 0.88% of the average daily net assets.

Daily Adjustment
On days other than the Term Start Date and Term End Date the index options are valued through the daily adjustment, which is the estimated present value of the future Performance Credit.
The Daily Adjustment can be negative with the Index Precision Strategy, Index Guard Strategy, and Index Performance Strategy. You will lose money if the Daily Adjustment is negative. The Daily Adjustment could reflect significantly less gain, or more loss than we would apply to an Index Option on the Term End Date. If you select multiple multi-year Term Index Options, there may be no time that any such transaction can be performed without the application of at least one Daily Adjustment.

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

Allocation Accounts

Name	Type	Rates
1-Year EURO STOXX 50 Dual Precision Strategy with 10% Buffer	Dual Step Up Annual	10.4% Performance triggered
1-Year iShares MSCI Emerging Markets ETF Dual Precision Strategy with 10% Buffer	Dual Step Up Annual	9.3% Performance triggered
1-Year Nasdaq-100 Dual Precision Strategy with 10% Buffer	Dual Step Up Annual	11.8% Performance triggered
1-Year Russell 2000 Dual Precision Strategy with 10% Buffer	Dual Step Up Annual	11.5% Performance triggered
1-Year S&P 500 Dual Precision Strategy with 10% Buffer	Dual Step Up Annual	10.5% Performance triggered
3-Year S&P 500 PTP Participation Rate with Cap Performance Strategy with 20% Buffer	Point to Point Triennial	100% Participation 130% Cap
1-Year S&P 500 PTP Cap Performance Strategy with 10% Buffer	Point to Point Annual	21.25% Cap
3-Year S&P 500 PTP Participation Rate with Cap Performance Strategy with 10% Buffer Uncapped	Point to Point Triennial	100% Participation
3-Year Russell 2000 PTP Participation Rate with Cap Performance Strategy with 10% Buffer Uncapped	Point to Point Triennial	100% Participation
6-Year S&P 500 PTP Participation Rate with Cap Performance Strategy with 10% Buffer Uncapped	Point to Point 6-Year	120% Participation
6-Year Russell 2000 PTP Participation Rate with Cap Performance Strategy with 10% Buffer Uncapped	Point to Point 6-Year	120% Participation
6-Year S&P 500 PTP Participation Rate with Cap Performance Strategy with 20% Buffer Uncapped	Point to Point 6-Year	115% Participation
6-Year Russell 2000 PTP Participation Rate with Cap Performance Strategy with 20% Buffer Uncapped	Point to Point 6-Year	110% Participation
1-Year S&P 500 PTP Cap Performance Strategy with 20% Buffer	Point to Point Annual	13.5% Cap
1-Year S&P 500 PTP Cap Performance Strategy with 30% Buffer	Point to Point Annual	11% Cap
1-Year Russell 2000 PTP Cap Performance Strategy with 20% Buffer	Point to Point Annual	16.75% Cap
1-Year Russell 2000 PTP Cap Performance Strategy with 30% Buffer	Point to Point Annual	13.75% Cap
1-Year Nasdaq-100 PTP Cap Performance Strategy with 20% Buffer	Point to Point Annual	13.75% Cap
1-Year Nasdaq-100 PTP Cap Performance Strategy with 30% Buffer	Point to Point Annual	12.25% Cap
1-Year iShares MSCI Emerging Markets ETF PTP Cap Performance Strategy with 20% Buffer	Point to Point Annual	21.25% Cap
1-Year iShares MSCI Emerging Markets ETF PTP Cap Performance Strategy with 30% Buffer	Point to Point Annual	15.25% Cap
1-Year EURO STOXX 50 PTP Cap Performance Strategy with 20% Buffer	Point to Point Annual	25.25% Cap
1-Year EURO STOXX 50 PTP Cap Performance Strategy with 30% Buffer	Point to Point Annual	21% Cap
3-Year Russell 2000 PTP Participation Rate with Cap Performance Strategy with 20% Buffer	Point to Point Triennial	100% Participation 85% Cap
1-Year S&P 500 PTP Cap Guard Strategy	Point to Point Annual	15.25% Cap
1-Year Russell 2000 PTP Cap Guard Strategy	Point to Point Annual	20.5% Cap
1-Year Nasdaq-100 PTP Cap Guard Strategy	Point to Point Annual	16.5% Cap
1-Year EURO STOXX 50 PTP Cap Performance Strategy with 10% Buffer	Point to Point Annual	31.5% Cap
1-Year iShares MSCI Emerging Markets ETF PTP Cap Guard Strategy	Point to Point Annual	22.5% Cap
1-Year EURO STOXX 50 PTP Cap Guard Strategy	Point to Point Annual	29.5% Cap
1-Year S&P 500 PTP Cap Protection Strategy	Point to Point Annual	4.75% Cap
1-Year Russell 2000 PTP Cap Protection Strategy	Point to Point Annual	5.25% Cap
1-Year Nasdaq-100 PTP Cap Protection Strategy	Point to Point Annual	5.25% Cap
1-Year iShares MSCI Emerging Markets ETF PTP Cap Protection Strategy	Point to Point Annual	5.75% Cap
1-Year EURO STOXX 50 PTP Cap Protection Strategy	Point to Point Annual	6.5% Cap
1-Year iShares MSCI Emerging Markets ETF PTP Cap Performance Strategy with 10% Buffer	Point to Point Annual	29.5% Cap
1-Year Nasdaq-100 PTP Cap Performance Strategy with 10% Buffer	Point to Point Annual	21.5% Cap
1-Year Russell 2000 PTP Cap Performance Strategy with 10% Buffer	Point to Point Annual	23.25% Cap
1-Year iShares MSCI Emerging Markets ETF Precision Strategy	Performance Triggered Annual	11.2% Performance triggered
1-Year S&P 500 Precision Strategy	Performance Triggered Annual	12% Performance triggered
1-Year Russell 2000 Precision Strategy	Performance Triggered Annual	14.5% Performance triggered
1-Year Nasdaq-100 Precision Strategy	Performance Triggered Annual	14.1% Performance triggered
1-Year EURO STOXX 50 Precision Strategy	Performance Triggered Annual	13.6% Performance triggered
1-Year Nasdaq-100 Protection Strategy with DPSC	Performance Triggered Annual	4.8% Performance triggered
1-Year S&P 500 Protection Strategy with DPSC	Performance Triggered Annual	4.4% Performance triggered
1-Year Russell 2000 Protection Strategy with DPSC	Performance Triggered Annual	4.8% Performance triggered
1-Year EURO STOXX 50 Protection Strategy with DPSC	Performance Triggered Annual	5% Performance triggered
1-Year iShares MSCI Emerging Markets ETF Protection Strategy with DPSC	Performance Triggered Annual	4.2% Performance triggered
1-Year iShares MSCI Emerging Markets ETF Dual Precision Strategy with 20% Buffer	Dual Step Up Annual	7.4% Performance triggered
1-Year EURO STOXX 50 Dual Precision Strategy with 20% Buffer	Dual Step Up Annual	7.7% Performance triggered
1-Year EURO STOXX 50 Dual Precision Strategy with 30% Buffer	Dual Step Up Annual	6.2% Performance triggered
1-Year S&P 500 Dual Precision Strategy with 30% Buffer	Dual Step Up Annual	7% Performance triggered
1-Year Russell 2000 Dual Precision Strategy with 20% Buffer	Dual Step Up Annual	8.8% Performance triggered
1-Year Russell 2000 Dual Precision Strategy with 30% Buffer	Dual Step Up Annual	7.1% Performance triggered
1-Year Nasdaq-100 Dual Precision Strategy with 30% Buffer	Dual Step Up Annual	7.1% Performance triggered
1-Year Nasdaq-100 Dual Precision Strategy with 20% Buffer	Dual Step Up Annual	8.6% Performance triggered
1-Year iShares MSCI Emerging Markets ETF Dual Precision Strategy with 30% Buffer	Dual Step Up Annual	5.8% Performance triggered
1-Year S&P 500 Dual Precision Strategy with 20% Buffer	Dual Step Up Annual	8.3% Performance triggered
3-Year Russell 2000 Dual Precision Strategy with 20% Buffer	Dual Step Up Triennial	28% Performance triggered
3-Year Russell 2000 Dual Precision Strategy with 10% Buffer	Dual Step Up Triennial	35% Performance triggered
3-Year S&P 500 Dual Precision Strategy with 20% Buffer	Dual Step Up Triennial	25% Performance triggered
3-Year S&P 500 Dual Precision Strategy with 10% Buffer	Dual Step Up Triennial	30% Performance triggered
6-Year Russell 2000 Dual Precision Strategy with 20% Buffer	Dual Step Up 6-Year	52% Performance triggered
6-Year Russell 2000 Dual Precision Strategy with 10% Buffer	Dual Step Up 6-Year	60% Performance triggered
6-Year S&P 500 Dual Precision Strategy with 20% Buffer	Dual Step Up 6-Year	50% Performance triggered
6-Year S&P 500 Dual Precision Strategy with 10% Buffer	Dual Step Up 6-Year	55% Performance triggered

Surrender schedule

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

Riders

Name	Inbuilt	Fee
Maximum Anniversary Value Death Benefit	No	0.20% annually
Index Advantage Income Benefit Level	Yes	0.70% annually
Index Advantage Income Benefit Increasing	Yes	0.70% annually

Waivers

Nursing Home

Unavailable in states: MA

After the first Contract Year, if any Owner becomes confined to a nursing home for a period of at least 90 consecutive days and a physician certifies that continued confinement is necessary, you can take withdrawals and we waive the withdrawal charge. This waiver is not available if any Owner was confined to a nursing home on the Issue Date. We base this benefit on the Annuitant for non-individually owned Contracts. We must receive proof of confinement in Good Order for each withdrawal before we waive the withdrawal charge.

ADL

Unavailable in states: MA

After the first Contract Year, you can take withdrawals and we waive the withdrawal charge if you are unable to perform at least two of six activities of daily living (ADLs) for at least 90 consecutive days. ADLs include bathing, dressing, toileting, continence, eating, and transferring (moving into or out of a bed, chair, or wheelchair).

Premium Notes

Issue Age
On the date we issue the Contract (the Issue Date), all Owners and the Annuitant must be:

age 80 or younger if you select the Traditional Death Benefit, or
age 75 or younger if you select the Maximum Anniversary Value Death Benefit. The Owner is the person or entity designated at issue who may exercise all Contract rights. The Annuitant is the individual upon whose life we base Annuity Payments.

Withdrawal Provisions

Free Withdrawal PrivilegeAllows you to withdraw 10% of your total Purchase Payments each Contract Year during the Accumulation Phase and before the Income Period without incurring a withdrawal charge. A Contract Year is any period of twelve months beginning on the Issue Date or a subsequent Contract Anniversary. A Contract Anniversary is a twelve-month anniversary of the Issue Date or any subsequent Contract Anniversary.Any unused free withdrawal privilege in one Contract Year is not added to the amount available in the next Contract Year.If you withdraw more than the free withdrawal privilege we will assess a withdrawal charge if the withdrawal is taken from a Purchase Payment we received within the last six years.Not available if you take a full withdrawal of your total Contract Value or during the Income Period.

Company Founded: 1896

TOP Rated Company

Allianz Life Insurance Company of North America

Company Ratings

4.4