2 Ways to get an income increase from your Protected Income Value If it sounds attractive, you're not alone. Todays review is on the Allianz Index Advantage Income Variable Annuity. Only proceed if you are positive that you will not need to access these funds over the next seven years. More than 1.2 million Americans rely on them to help them achieve their retirement goals. Guarantees are backed by the financial strength and claims-paying ability of the issuing company. The annuity business has grown in popularity as investors, especially those nearing retirement, look for options that protect them from stock market volatility and provide a decent income stream in retirement. Can you elaborate more on how these indices work. Allianz in North America includes PIMCO and Allianz Global Investors. Please read the prospectuses thoroughly before sending money. While the negative attention led to a change for the better among carriers, indexed annuities remain complex and difficult to truly understand. Keep in mind, diversification does not ensure a profit or protect against loss. Possible exceptions for annuity surrender charges include death benefits, nursing home admission and terminal illness. Investments for Captives, Disciplined Investing Their parent company (Allianz SE) serves over 85 million customers globally. The Allianz Vision Variable Annuity can offer optional protection benefits that provide certain accumulation, income, and beneficiary guarantees - however, these come at an additional cost to the annuity owner. road trip to nova scotia from toronto LIVE Allianz offers seven fixed indexed annuities: Allianz Benefit Control Annuity: $20,000+ investment 10. The Athene Ascent Pro 10 is a 10-year fixed index annuity with a lifetime income rider built into the contract. They are only backed by the ability of the issuing insurance companys ability to pay. I believe surrender fees are one of the worst features of annuities. However, if the index dropped by 10% over that period, you would lose nothing as it is within the 20% buffer. Furthermore, the longer you wait, the higher your income payment (similar to a social security calculation). In the one-year term structure, you have more index choices: the Nasdaq 100, iShares Emerging markets, and the Euro Stoxx-50. With Index Advantage Income ADV, your Lifetime Income Percentage has the opportunity to increase each year, even if your retirement assets fluctuate. S-1 Exhibit 99(a) - Alternate Minimum Value, S-1 Exhibit 99(b) - Daily Adjustment Calculation. Save my name, email, and website in this browser for the next time I comment. This annuity a 10% buffer on the loss and in case the index return is zero or performs positively but under the cap, which is 7.5%, then the precision rate (7.5%) will be applied to your account. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. Uncapped potential growth of the S&P 500; or high caps on other indexes; 2. Index Advantage Prospectus | Allianz Life