Index Advantage Income provides multiple index options, which are the combination of a crediting metho also called an index strategy, the index, and the time period for measuring Index Performance (term). An allocation to the index options is not a purchase of shares of any stock or index fund or a direct investment in an index. No single index option consistently delivers the most return under all market conditions. Your contract has a 1. Refer to the product brochure for more information on definitions of terms. See full list on allianzlife.
You must be between the ages of 0-in order to purchase Index Advantage Income. The minimum initial purchase payment is $0for qualified and nonqualified contracts. Minimum subsequent purchase payment is $503and maximum purchase payment is $00000.
You’ll need to work with your financial professional to design an investment portfolio that aligns with your long-term retirement goals. Individual may vary according to transaction costs and taxes. Investors cannot invest directly in an index.
Availability restrictions may apply to inforce contracts. Please refer to the prospectus for additional details. When it’s time to start receiving income, the amount you receive is determined by your current contract value and one of two income payment options to suit your income needs. The Income Benefit rider fee is 0. All withdrawals are subject to ordinary income tax an if taken prior to age 59½, may be subject to a federal additional tax.
If you need access to your money, you can withdraw up to of your purchase payments each contract year without a withdrawal charge. Any unused portion does not carry from one year to the next. On a full withdrawal, the free withdrawal privilege is not available and amounts previously withdrawn under the free withdrawal privilege may be subject to the withdrawal charge as described in the prospectus.
Twelve charge-free transfers per year are allowed among variable options only ($thereafter). You have several options for your annuity payout: 1. The Traditional Death Benefit is the greater of the contract value, or total purchase payments adjusted for withdrawals. You can choose between two death benefit options, both available only during the accumulation phase upon the first death of an owner named at issue. The Maximum Anniversary Value Death Benefit available for issue age 0-(optional for an additional rider fee, accrued daily and deducted on each quarterly contract anniversary, calculated as a percentage of the charge base) is the greater of contract value or Maximum Anniversary Value (highest contract value on any Index Anniversary prior to age adjusted for subsequent purchase payments and withdrawals).
Changing ownership on the contract can reduce or eliminate these death benefits. Income Protection Insurance is intended to cover your basic costs until you are reemployed or fit to return to work. Therefore, it covers only a certain percentage of your income.
Let’s exemplify: Example 1: The monthly benefits payable to a person, whose monthly gross salary is 2Turkish lira, is 4Turkish lira in the event of involuntary unemployment, temporary incapacity to work or long-term inpatient treatment, and 5Turkish lira in the events of loss of life and total. The Austrian social security system offers a certain basic level of protection. In the event of disability, these benefits will often not be enough to ensure the standard of living you and your family are used to.
Think of your monthly fixed costs for living, your car, but also necessary purchases and holidays. This is great for those interested in saving for retirement as it allows as much appreciation as possible before income taxes are taken out upon withdrawals. Get cash in mins with interest rate from 3. This can give you more ways to take income , including the opportunity for income increases in your lifetime income percentage. Annuities operate on the same principle: A fixed index annuity offers the potential to build some of your money with protection from market downturns, plus income payments during retirement – and tax deferral and a death benefit during the accumulation phase. No medical or blood tests are required to apply and you can get a preliminary quote in minutes.
You also get flexible premium options, the opportunity to earn indexed interest, and access to your cash value. An the income protector charge will range between 1. Allianz Life Insurance from as little as $9. In addition, the annuity also has an annual operating expense of between 0. Prime Income is designed to give you a stable stream of income while keeping you and your family safe.
Furthermore, you only need to pay premiums for only years to enjoy a coverage. Instead of worrying about the future, be certain of it now. A choice of lifetime income withdrawal options that start at your age 50. How a Financial Advisor Might “Pitch” this Annuity.
Together they can offer you a level of certainty in the retirement years ahead. Along with consistent, predictable income, you’ll have the increasing income potential to help you keep up with the cost of living. It’s your retirement.
Payment Protection Insurance. Covers your lost income , profits or turnover if your business premise has to close due to unforeseen defined events, like storm or fire.