Allianz just a announced a bonus increase on their 222 fixed indexed annuity effective February 7, 2017.
If you're concerned about saving for retirement – but you also want the potential for income increases – Allianz 222 Annuitymay be a good choice.
Allianz 222 Annuity provides the typical features of fixed index annuities – including principal protection, the potential for tax-deferred growth, options for lifetime retirement income, and a death benefit for your beneficiaries.
While you're saving for retirement, Allianz 222 Annuity can help by giving you two ways to get a bonus to your Protected Income Value:
- bonus is is now 20% on any premium you put into your annuity in the first three contract years as of February 7, 2017.
- An interest bonus equal to 50% of any interest you earn from your chosen allocations will be added to your Protected Income Value (PIV)
And when you're ready to start receiving income, your lifetime income withdrawals can increase based on any interest you've earned, in addition to the 50% interest bonus. Plus, you can double your annual maximum withdrawal under qualifying circumstances.
Allianz 222 Annuity also gives your beneficiaries two ways to get a death benefit:
- they can receive your annuity's full accumulation value in a lump sum, if they wish, or
- instead, your beneficiaries can receive the full protected income value as annuity payments over at least five years.
Bonus annuities may include higher surrender charges, longer surrender periods, lower caps, higher spreads, or other restrictions that are not included in similar annuities that don't offer a bonus.
Issue age and minimum
You should be between the ages of 0-80 in order to purchase Allianz 222 Annuity.
The minimum initial premium payment is $20,000 for qualified and non-qualified money.
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