All withdrawals are subject to ordinary income tax and, if taken prior to age 59, may be subject to a 10% federal additional tax. During the income period of the annuity, you have to select one of the Protection strategies so your income can rise by up to 3.5% annually given current rates. Lincoln Level Advantage indexed variable annuity Buffered protection of 20% for a 3 or 6 year period; or 10% buffer on 1 year periods. Investment returns and principal value will fluctuate with market conditions so that units, upon distribution, may be worth more or less than the original cost. This offers 10% downside protection and either uncapped growth of the S&P 500 or the Russell 2000. If the return in the index is zero or positive, you earn Precision rate. Referencing the rate table above, if the S&P returns 1% at the end of your contract year, you would earn 8.7% in your contract for that year. With this annuity, you have to take the Income rider which cost 0.7% annually (if you do not need income, you should look at the Allianz Index Advantage annuity instead). No strings attached. You also have two choices for your income payments as you can either select level payments or increasing income. allianz index advantage variable annuity surrender schedule It can provide uncapped upside potential in the S&P and also gives 20% buffered protection for 3 year periods. As a fee-only financial advisor, I tend to be more objective than a commissioned salesperson. Hopefully, I can help you make the best decision ahead of buyer's remorse. Allianz Life is a leading annuity and life insurance provider that holds strong credit ratings. A variable annuity offers a unique combination of features, including market participation through a variety of investment options; tax-deferred growth opportunities; and optional protection benefits that can provide certain accumulation, income, and beneficiary guarantees for an additional cost. 1993-2021 Runnymede Capital Management, Inc. All Rights Reserved. The Allianz 360 is a fixed indexed annuity. Variable annuities are subject to investment risk, including loss of principal, and contract values fluctuate daily. All names, marks, and materials used for this review are the property of their respective owners. One intriguing option for this product is the 3-year or 6-year term strategy. Grow your investments with as many as 12 different asset classes. The 4% cap for this annuity means that in the case that the annuity performs over 4% you will only get the cap and no more than that. Investing in an index variable annuity may be the answer for part of your overall retirement strategy. S-1 Exhibit 99(a) - Alternate Minimum Value, S-1 Exhibit 99(b) - Daily Adjustment Calculation. With Index Advantage Income ADV, your Lifetime Income Percentage has the opportunity to increase each year, even if your retirement assets fluctuate.
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