ALLIANZ BENEFIT CONTROL® FIXED INDEX ANNUITY
You can earn interest two ways
Allianz Benefit Control® Annuity offers you the potential to earn interest based on your choice of several external indexes.
Capture potential interest with the Index Lock Allianz Benefit Control ® includes our Index Lock feature, which lets you lock in an index value on an indexed interest allocation at any point during the crediting period. By locking in your index value, you are assured a positive index credit, no matter what happens in the market during the remainder of the crediting period. Index Lock is available with select allocation options. Here’s how it works: Once during each crediting period, you can log into your contract online and request an Index Lock on your selected indexed interest allocation. The index value will remain locked until the end of the contract year. Depending on market fluctuation, you may receive more or less indexed interest than you would have received had you not elected the Index Lock. An Index Lock can also be activated automatically with the convenience of our Auto Lock feature. To learn more about the Index Lock and allocation options available with Allianz Benefit Control ® , ask your financial professional and consult the Index Allocation Options Guide (M-7214-1 or appropriate state variation).
Because it’s a fixed index annuity, Allianz Benefit Control ® gives you the potential to earn indexed interest based on changes in your choice of several indexes and crediting methods. Crediting methods determine how much interest your annuity earns, based on the changes in an external market index. Or, if you prefer, Allianz Benefit Control ® lets you receive fixed interest instead. Allianz calculates and credits fixed interest daily, based on the rate we establish at the beginning of each contract year.
Choose indexed interest, fixed interest, or a combination of both.
You can also choose to receive a combination of fixed and potential indexed interest.
But regardless of how you choose to receive interest, the money in your annuity – including any bonuses – is never at risk due to market index volatility. That’s because, although external market indexes may affect your contract values, the contract does not directly participate in any stock, bond, or investments. You are not buying any bonds, shares of stocks, or shares of an index. Keep in mind that if you surrender your contract before your 10 th contract anniversary, we will apply a withdrawal charge and a market value adjustment (MVA). These charges may result in a loss of some or all of your previously credited fixed/indexed interest (including any bonuses) and a partial loss of principal. (See pg. 11 for more details on MVAs.)
See CSI-504 for Index Lock details and business rules.
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