Allianz Index Advantage+ New York Variable Annuity
Status:
Active
Group:
Allianz
Product Type:
RILA
Product Status:
Approved
Version:
0
Inception Date:
August 13, 2024
Closed Date:
Last Modified:
December 18, 2025 10:49
Description:
The Allianz Index Advantage+ New York Variable Annuity an individual flexible purchase payment variable and an index-linked deferred annuity. The minimum single premium is $10,000 for qualified and non-qualified money. Surrender charges are six years in duration 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 two Index Crediting Methods: the Index Performance Strategy and Index Protection NY 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:
No
Free Look:
Yes
Plan Types:
401 (a), 401 (k), IRA, SEP IRA, 403 (b), Non-Qualified, Roth IRA
Premium Types:
Flexible
States Available:
NY
States Exception:
Version Note:
Scrap Book:
Death benefits
| Name | Internal name | Sequence | Inception date |
|---|---|---|---|
| Traditional Death Benefit | Traditional Death Benefit | 1 | 13 Aug 2024 |