Allianz Life of North America
10000
company Information
Company Name
Allianz Life of North America
product Name
allianzretirementfoundation.pdf
Description
Allianz Life Insurance Of North America is a member of the Allianz SE. Allianz SE is one of the largest insurance companies in the world. Allianz's mission is to secure your future. 99% of their portfolio is investment grade as of March 2020. More than 1.2 million Americans rely on them to help them achieve their retirement goals. Their parent company (Allianz SE) serves over 85 million customers globally. Allianz makes promises you can depend on the rest of your life.
am best rating
A1 Good (5th of 21 ratings)
Product Type
Index annuities are for conservative investors who like safety. They were introduced in 1995 to compete with bank CDs.
Index annuities are fixed annuities that deliver fixed income type of returns.
They don’t have the upside or downside of the market. They compete with bonds, CDs, and other safer investments.
They allow you to capture some of the growth of a market index while having 100% downside protection. Returns are linked to a positive performance in an external index.
You are not directly participating in the market. You are watching the market, and a formula decides how much gain of the index you receive.
Product description
Allianz Retirement Foundation ADV
term
7 Years
minimum investment
$ 1,000,000
maximum investment
$ 80
maximum age
After the first contract year, you can withdraw up to 10% of the account balance penalty-free.
withdrawal allowance
Withdrawals are Permitted
what we like
- No
what we don’t like
- 7
- or -
Surrender Charge Schedule
Surrender charges are a penalty charged to early withdrawals of annuity contract. They are a percentage of the withdrawal amount, decrease over time, and go to zero when the term ends.
percentage charged to withdrawal
market-value adjustment (MVA)
A market value adjustment is basically an additional charge or credit for taking money out early from an annuity.
They allow companies to pay a higher rate and make longer-term investments.
MVAs only affect you if you withdraw funds early. If you own the contract to maturity, they do not apply.
other Information
| fitch rating | AA Very Strong (3rd of 21 ratings) |
|---|---|
| S&P rating | Retirement Foundation |
| Product brochure |  |
| agent commission | 2,000.00 |
| LOGIN FOR | Yes |
| premium Type | Allianz 222 Allianz 360 Allianz Accumulation Advantage Allianz Benefit Control Allianz Core Income 7 Allianz Essential Income 7 Allianz Retirement Foundation ADV |
|---|---|
| account Type | 2-6% |
| options at maturity | (Fee Based) |
| death benefit provision | (800) 950-5872 |
| taxes | allianzlife.com |
| surrender schedule | 6.5%, 6%, 5%, 4%, 3%, 2%, 1% |
|---|---|
| free-look period | • Bloomberg Dynamic Balance II • S&P 500 |
| RMD | 0.0125 |
| market value adjustment | Yes |
