Beacon Data Entry

Basic Info

CUSIP NUMBER *

CUSIP NAME *

INCEPTION DATE *

CLOSE DATE

CUSIP NOTE

SCRAP BOOK

The Allianz Core Income 7 is a limited flexible premium deferred index annuity with a market value adjustment (not available in all states). The minimum single premium is $10,000 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premium payments can be made for $25 or more during the first contract year only. 10% of the paid premium may be withdrawn in any year no premiums are paid. Surrender charges are 7 years in duration and are waived in the event of annuitization, death, or entrance into an eligible nursing home (if the Flexible Withdrawal Rider is purchased). The Flexible Annuity Option Rider allows the withdrawal of accumulation value (less any bonus or interest earned on the bonus) 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 a 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 Core Income Benefit rider is a benefit rider which offers automatic lifetime withdrawal percentage increases (beginning at age 45) and continuing each year until lifetime withdrawals begin.  There is a choice of two income payment options: predictable payments and income for life. 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% additional federal tax. Guarantees based on claims paying ability of insurer. Products / features may not be available in all states. This is an annuity contract issued by an insurance company and not a bank product protected by the FDIC.  C54370/R95374.

Contributions & Waivers

Transfers & Bonuses

TRANSACTION TRANSFERS

No Transactions available.

SYSTEMATIC TRANSFERS

No Systematic Transfers available.

BONUSES

Premiuim bonus - Legacy Benefit

Premium bonus - Accumulation Benefit

Features & Benefits

FEATURES

No Features available.

COMBINE BENEFITS

Legacy Benefit Rider

GUARANTEES

Guarantee #4021

Investments

SETTLEMENTS

Settlement #2295

FIXED ACCOUNTS

No Fixed Accounts available.

INDEXED ACCOUNTS

No Indexed Accounts available.

Riders & Models

Charges

INITIAL SALES

No Initial Sales available.

M&E CHARGES

No M&E Charges available.

SURRENDER CHARGES

No Surrender Charges available.

Plans & Other

State Availability

Exception

Not available in states

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Guaranteed Income Annuity

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Alabama (AL)
Alaska (AK)
American Samoa (AS)
Arizona (AZ)
Arkansas (AR)
Bermuda (BERMUDA)
California (CA)
Colorado (CO)
Connecticut (CT)
Delaware (DE)
Dist of Columbia (DC)
Florida (FL)
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Guam (GU)
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