Accumulator Bonus Maxxx Elite
Status:
Active
Group:
Allianz
Product Type:
Fixed Annuity
Product Status:
Approved
Version:
0
Inception Date:
August 01, 2003
Closed Date:
December 28, 2007
Last Modified:
August 16, 2023 00:00
Description:
The Accumulator Bonus Maxxx Elite is a Flexible Premium Deferred Annuity. The minimum initial contribution is $5,000 Non-Qualified and $2,000 Qualified. There is a 5% cumulative free withdrawal up to 25% of premium payments received. There are no surrender charges if the policy is held for a minimum of five years and a payout is taken over a minimum of ten years. The five year deferral requirement is waived in the event of entrance into a Nursing Home or Hospital. There is an optional death benefit rider available for non-qualified policies where the owner and annuitant are the same individual and enables the beneficiary to receive up to 28% of the contracts gain. A charge for this rider does apply.
Fee Based:
No
Free Look:
Yes
Plan Types:
457 (b), 401 (k), HR-10 (Keogh), 403 (b), Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, Others, 401 (a)
Premium Types:
Flexible
States Available:
AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, KS, KY, IN, LA, MA, MD, ME, MI, MO, MS, MT, NC, ND, NE, NH, NM, NV, OH, OK, PA, RI, SC, SD, TN, TX, VA, VT, WI, WV, WY
States Exception:
BERMUDA, GU, IL, MN, NJ, NY, OR, PR, UT, VI, WA
Version Note:
Scrap Book: