A New Fixed Index Annuity That's as Simple as ABC
Allianz Benefit Control℠ Annuity offers principal protection from market downturns, tax deferral accumulation potential, flexibility, multiple allocation options, and access to the full accumulation value after 10 years.
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The Allianz Benefit Control℠ Annuity is a fixed index annuity that offers:
- - Death benefit options (prior to annuitization), including:
- • Lump sum payment of full accumulation value
- • Cumulative withdrawal amount or the guaranteed minimum value (whichever is greater)
- • Or, as annuity payments - over a period of at least 5 years - of the Protected Income Value, limited to 250% of accumulation value** With the Bonus Control Benefit, the client can choose the PIV Interest bonus option Accelerated or Balanced - that fits their goals.
- - Increased Income Opportunity:
- • With two ways for their income to increase and a 150% interest bonus once payments begin.
In Alaska, Connecticut, Hawaii, New Jersey, Pennsylvania, Utah and Washington, the PIV death benefit limit is the greater of 125% of the cash surrender value, or total premium credited at 10% interest per
year, but not exceeding 250% of the total premium (less 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. Lifetime withdrawals are considered partial withdrawals and are subject to ordinary income tax and, if taken prior to 59½, a 10% federal additional tax. Because this is a bonus annuity, it may include higher surrender charges, longer surrender charge periods, lower caps, higher spreads, or other restrictions that are not included in similar annuities that don't offer a bonus feature.
Increasing income potential is provided through an automatically included income rider at no additional cost.
Product issued and guarantees backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America. (C64237-MVA, R95581-MVA)
Product and feature availability may vary by state and broker/dealer.
For producer use only. Not for use with the general public.
An annuity is intended to be a long-term, tax-deferred retirement vehicle. Earnings are taxable as ordinary income when distributed, and if withdrawn before age 59½, may be subject to a 10% federal tax penalty. If the annuity will fund an IRA or other tax qualified plan, the tax deferral feature offers no additional value. Qualified distributions from a Roth IRA are generally excluded from gross income, but taxes and penalties may apply to non-qualified distributions. Consult a tax advisor for specific information. Product not guaranteed to be available in all 50 states. Contact Simplicity Des Moines (formerly DavisLife & Annuity) to verify state eligibility.
The compensation paid cannot be the basis for any recommendation to purchase an annuity product.