ALLIANZ 222® ANNUITY
You can receive two types of bonuses
Your Allianz 222® Annuity has a Protected Income Value (PIV) that is specifically designed for taking lifetime income withdrawals
We establish the PIV on the day we issue your contract and it equals 100% of the initial premium you pay into your annuity. In addition, the PIV can be credited with two types of bonuses. Please note that the PIV is only available as lifetime income withdrawals after you have held your contract for at least 10 contract years. Protected Income Value premium bonus We’ll credit your PIV with a bonus on all premium you place in your contract in the first 18 months. For the current bonus amount, available on Allianz 222 ® , ask your financial professional. Protected Income Value interest bonus Allianz 222 ® also offers an interest bonus. After we determine your allocation interest, we multiply it by the 150% interest bonus factor and credit it to your Protected Income Value. So, if your allocations earned 3% interest for the year, we would actually credit 4.5% interest to your PIV (3% × 50% = 1.5%; 3.0% + 1.5% = 4.5%). 1 We then credit your allocation(s) interest plus the interest bonus to your PIV.
If you allocate money to the fixed interest allocation, we multiply the annual fixed interest rate by the 150% interest bonus factor to determine the PIV annual fixed rate for that year. Then, we credit fixed interest daily based on that rate. Regardless of the allocation option(s) you choose, Allianz will credit the interest bonus each year in which your allocation has positive interest. Accumulation value Allianz 222 ® also has an accumulation value that is equal to your total premium paid plus 100% of any interest earned from your chosen allocations, less withdrawals, charges for any optional riders you select, any applicable allocation charges and surrender charges, and adjusted by any MVAs. The accumulation value does not include any bonuses and is available as a lump sum anytime after 10 contract years, or for standard annuity options after five years. 2
1 This is a hypothetical example only and is not intended to predict or project future interest results. 2 Owners at older ages may have the opportunity to annuitize the accumulation value minus any bonuses sooner and over a reduced period of time via the Flexible Annuity Option Rider (in most states). 4
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