Allianz Index Advantage Income ADV
Status:
Active
Group:
Allianz
Product Type:
RILA
Product Status:
Approved
Version:
0
Inception Date:
October 18, 2021
Closed Date:
Last Modified:
January 06, 2026 11:33
Description:
The Allianz Index Advantage Income ADV 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. There are four Index Crediting Methods: the Index Protection Strategy, Index Performance Strategy, Index Precision Strategy and Index Guard Strategy. This contract may be subject to Advisory Fees, not charged by the carrier, that will not affect the benefit base. Additionally, these advisory fees will proportionately reduce the index option base. 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, IRA, 403 (b), Roth IRA, Non-Qualified
Premium Types:
Flexible
States Available:
AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
States Exception:
Version Note:
Rate Sheet Supplement for optional riders - changes in ABP percentages.
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 | 18 Oct 2021 |
| Maximum Anniversary Value Death Benefit | Maximum Anniversary Value Death Benefit | 2 | 18 Oct 2021 |
Riders
| Name | Rider type | Internal name | Sequence | Inception date |
|---|---|---|---|---|
| Income Benefit | GLWB | Income Benefit | 18 Oct 2021 |