Allianz Life & Annuity

Allianz Life offers annuities and life insurance with guarantees, indexing, and robust advisor support.

What Allianz Life & Annuity offers

Allianz provides annuities (fixed index, registered index-linked, variable) and life insurance with a focus on long-term retirement income, tax‑deferred growth, and downside protection features backed by the insurer’s financial strength. Their site emphasizes guaranteed income, accumulation potential, and broad indexing options alongside consistently strong financial ratings.⁠

Example: Allianz Benefit Control (FIA)

Benefit Control is a fixed index annuity designed to balance access, growth potential, and income control. Key elements include:

Immediate lifetime withdrawals available as early as age 50, with a 10% annual free withdrawal after year one (withdrawal charges and taxes apply per annuity rules).
Premium bonus (first 18 months) and ongoing indexed‑interest bonus credited to the protected income value (PIV), which is used solely for lifetime withdrawals; lump sums receive the accumulation value without bonuses.
Choice of “accelerated” vs. “balanced” interest bonus options during accumulation; income can increase with indexed interest and a 150% interest bonus, and may double under the Income Multiplier Benefit if ADL criteria and confinement conditions are met.
Multiple index choices and crediting methods (e.g., S&P 500 cap; Bloomberg Dynamic Balance II and PIMCO Tactical Balanced ER with participation; multi‑year point‑to‑point; fixed interest).⁠

Why this benefits insurance agents

Allianz pairs a broad, competitive product lineup with strong practice support:

Market leadership in fixed index annuities, deep indexing expertise, and large AUM provide credibility during sales and reviews.
Exclusive tools: Apply NOW e‑app, calculators, client‑approved presentations, sales ideas, Knowledge Center training (including CE/suitability), and dedicated field support/specialists for case design and complex questions.
Distribution infrastructure across 380k+ professionals and long‑standing ratings (A+ AM Best) bolster client confidence and facilitate cross‑channel sales.⁠

Why this benefits customers

Customers gain options to create dependable retirement income with potential for indexed growth and downside protection, plus life insurance with income‑tax‑free death benefit and flexible premiums.
Fixed index annuities like Benefit Control let clients tailor accumulation vs. income emphasis, access limited penalty‑free withdrawals, and potentially increase income through indexed interest and bonus features.
Guarantees are subject to the insurer’s claims‑paying ability, and product availability varies by state.⁠

Important considerations and cautions

All annuities involve trade‑offs: bonus features can come with higher surrender charges, lower caps/participation rates, or longer withdrawal‑charge periods. PIV bonuses do not apply to lump‑sum payouts; withdrawals reduce values and may trigger charges and taxes, including the 10% additional federal tax before 59½. State rules and broker/dealer approval affect availability; hearing the exact index/crediting mechanics is essential for suitability.⁠⁠