Allianz Index Advantage Income Variable Annuity
Status:
Terminated
Group:
Allianz
Product Type:
RILA
Product Status:
Approved
Version:
0
Inception Date:
August 20, 2018
Closed Date:
June 18, 2024
Last Modified:
November 21, 2025 12:43
Description:
The Allianz index advantage income variable annuity an individual flexible purchase payment variable and an index-linked deferred annuity. The minimum single premium is $5,000 for qualified and non-qualified money. Surrender charges are six years in duration, vary by state, and are waived in the event of death, entrance into a nursing home. The Flexible Annuity Option offers both variable investment option and index-linked investment options and a free withdrawal privilege that allows for withdrawal of up to 10% of the total Purchase Payments. There are four Index Crediting Methods: the Index Protection Strategy, Index Performance Strategy, Index Precision Strategy and Index Guard Strategy. 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 income tax penalty. 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.
Fee Based:
Yes
Free Look:
Yes
Plan Types:
SEP IRA, Non-Qualified, IRA, Roth IRA
Premium Types:
Flexible
States Available:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
States Exception:
Version Note:
Scrap Book:
Changes in product plan types as per the email subjected - Allianz Today - July 30, 2024.
Death benefits
| Name | Internal name | Sequence | Inception date |
|---|---|---|---|
| Traditional Death Benefit | Traditional Death Benefit | 1 | 20 Aug 2018 |
| Maximum Anniversary Value Death Benefit | Maximum Anniversary Value Death Benefit | 2 | 20 Aug 2018 |
Riders
| Name | Rider type | Internal name | Sequence | Inception date |
|---|---|---|---|---|
| Income Benefit | GLWB | Income Benefit | 20 Aug 2018 |