Product Overview
The Allianz Index Advantage Income is designed for investors seeking principal protection with growth potential tied to market index performance, combined with the option for guaranteed lifetime income. This 10-year fixed index annuity offers multiple crediting strategies and an optional income rider that can provide guaranteed lifetime withdrawals.
✓ Strengths
- Competitive 11.25% cap rate on S&P 500 Annual Point-to-Point
- Strong income rider with 7.5% annual roll-up for 10 years
- No annual contract fees (fee only if income rider elected)
- 10% penalty-free withdrawal annually after first year
- Nursing home and terminal illness waivers included
⚠ Considerations
- 1.25% annual fee if income rider is elected
- Surrender charges decline from 9% in year 1 to 0% in year 10
- Returns capped - won't receive full index gains in strong markets
- Minimum investment of $10,000 required
- Income rider reduces death benefit if activated
Rates & Crediting Strategies
Multiple ways to participate in index performance:
Annual Point-to-Point
S&P 500
11.25% Cap
1 Year
Monthly Point-to-Point
S&P 500
125% Participation
1 Year
2-Year Point-to-Point
S&P 500
25% Cap
2 Years
Declared Rate
Fixed Account
3.25% Fixed
1 Year
Rates as of: December 15, 2024 • Next reset: January 1, 2025
Cap and participation rates are declared annually and may change.
Guaranteed Lifetime Income Rider
The optional income rider provides guaranteed lifetime withdrawal benefits, with your income base growing at 7.5% annually for up to 10 years (or until you start taking income).
Example Scenario
Initial Investment
$250,000
Income Base After 10 Years
$515,662
Annual Income at Age 72
$25,783/year
Based on 5% annual payout percentage for single life at age 72. Actual values depend on your specific situation and when you elect to take income.
Payout Percentages by Age
| Age |
Single Life |
Joint Life |
| 60-64 |
4.5% |
4.0% |
| 65-69 |
4.75% |
4.25% |
| 70-74 |
5.0% |
4.5% |
| 75-79 |
5.5% |
5.0% |
| 80+ |
6.0% |
5.5% |
Fees & Surrender Charges
Income Rider Fee (if elected)
1.25% annually
Penalty-Free Withdrawal
10% annually after year 1
Surrender Schedule
9%
Yr 1
8%
Yr 2
7%
Yr 3
6%
Yr 4
5%
Yr 5
4%
Yr 6
3%
Yr 7
2%
Yr 8
1%
Yr 9
0%
Yr 10
Surrender charges apply to withdrawals exceeding the 10% free withdrawal amount. Waivers available for nursing home confinement and terminal illness.