CORE INCOME 7® ANNUITY
A fixed index annuity as part of your overall retirement strategy A fixed index annuity, like Core Income 7® Annuity, is a contract between you and an insurance company that may help you reach your long-term financial goals. In return for your premium payment, Allianz gives you benefits and guarantees, including:
TAX DEFERRAL 1 When compounded over time, this may increase the amount of income an annuity generates for retirement. INDEXED INTEREST POTENTIAL Fixed index annuities provide an opportunity to accumulate potential interest based on positive changes in one or more external market indexes. In addition, crediting methods are used to help determine the amount of interest that gets credited to your contract. The indexes available within the contract are constructed to keep track of diverse segments of the U.S. or international markets, or specific market sectors. These indexes are benchmarks only. Indexes can have different constituents and weighting methodologies. Some indexes have multiple versions that can weight components or may track the impact of dividends differently. Although an index may affect your interest credited, you cannot buy, directly participate in, or receive dividend payments from any of them through the contract.
PROTECTION Fixed index annuities offer a level of protection you may find reassuring: • Your principal and credited interest are protected from market losses, • Your income is guaranteed for life, and • You’ll leave a death benefit legacy for your loved ones.
The three benefits of a fixed index annuity in a retirement strategy
Indexed interest potential
Tax deferral
Protection
1 Distributions from your annuity may be subject to surrender charges and market value adjustments (MVAs). Distributions are also subject to ordinary income tax and, if taken before age 59½, a 10% federal additional tax may apply. Please note that Allianz Life Insurance Company of North America (Allianz), its affiliated companies, and their representatives and employees do not give legal or tax advice. You are encouraged to consult your tax advisor or attorney. Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America.
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