Allianz 360
Status:
Active
Group:
Allianz
Product Type:
Indexed Annuity
Product Status:
Approved
Version:
0
Inception Date:
August 02, 2011
Closed Date:
Last Modified:
October 07, 2025 08:37
Description:
The Allianz 360 is a limited flexible premium deferred index annuity with a market value adjustment (not available in all states). The minimum single premium is $20,000 for qualified and non-qualified money. Additional premium payments can be made for $25 or more during the first contract year only. 10% of the paid premium may be withdrawn after the contract anniversary following the most recent premium payment. Surrender charges are 10 years in duration (may vary with state availability); and are waived in the event of annuitization, death, or entrance into an eligible nursing home. The Flexible Annuity Option Rider allows the withdrawal of accumulation value anytime after the first contract year for a period certain of 10 to 30 years. The Flexible Withdrawal Rider is an optional rider which, if elected at an extra cost, allows access to a one-time lump-sum payment in any amount up to the accumulation value if admitted to an eligible nursing home, hospital, or assisted living care facility for at least 30 out of 35 consecutive days. An additional nursing home / hospital benefit is also an option at no additional cost. The 360 Benefit rider is a benefit rider which offers an interest bonus equal to 25% of the chosen allocation options' interest rate added to any fixed or indexed interest earned and is credited to the accumulation value of the contract until lifetime withdrawals begin, the rider is terminated, or the contract is annuitized, whichever occurs first. The interest bonus will be calculated after any cap or spread is applied. There is a choice of two income payment options: predictable payments and payments with the opportunity to increase, available as single or joint. Withdrawals and taxable distributions may be subject to ordinary income tax and if made prior to age 59 1/2, may also be subject to a 10% federal additional tax. Guarantees based on claims paying ability of insurer.
Fee Based:
No
Free Look:
Yes
Plan Types:
HR-10 (Keogh), 403 (b), Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, Spousal IRA, 401 (a)
Premium Types:
Flexible
States Available:
AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IND, IA, KS, KY, LA, MZ, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, ORG, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, DC
States Exception:
Version Note:
Changes in plan types.
Scrap Book:
Death benefits
| Name | Internal name | Sequence | Inception date |
|---|---|---|---|
| Basic Death Benefit | Basic Death Benefit | 1 | 02 Aug 2011 |
Riders
| Name | Rider type | Internal name | Sequence | Inception date |
|---|---|---|---|---|
| 360 Benefit | GLWB | 02 Aug 2011 |