Five things to know about Allianz Accumulation Advantage 7 tm Annuity
THE POWER OF Accumulation
Allianz Accumulation Advantage 7 tm is an insurance product. Like all fixed index annuities, Allianz Accumulation Advantage 7 tm is simply a contract between you and an insurance company and is designed to help you save money for retirement.
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It protects your money from market risk. The money – or “premium” – you place in the annuity is not directly invested in the stock market, so you won’t lose anything during a market downturn. (Fees and charges may still reduce your contract value, though.)
2
It gives you the opportunity to earn indexed interest. You can “allocate” the money in your contract to one or more external indexes. We track the performance of these indexes – and when the index goes up, your accumulation value may earn indexed interest (based on the crediting method). But remember that we’re just tracking the index. You’re not actually buying stocks or shares in any index, so you won’t lose money due to a stock market drop (see page 3).
3
It helps you capture more potential interest with Index Lock. Allianz Accumulation Advantage 7 TM includes our Index Lock feature, which lets you lock in an index value on certain allocation options during the crediting period (see page 3).
4
It gives you options for accessing your money. The years following any year in which premium is paid, you can take up to 10% of your contract’s paid premium or accumulation value – whichever is greater – in one or more withdrawals per contract year without having to pay penalties (see page 4). You can also take a lump-sum distribution of your contract’s full accumulation value after just seven years, if you prefer.
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