ALLIANZ BENEFIT CONTROL® FIXED INDEX ANNUITY
Your two primary values
Protected income value (PIV): Your lifetime withdrawal amount is based on this value. You can’t take this value as a lump sum. Accumulation value (AV): This is the amount you can take out of your annuity as a lump sum, after the withdrawal charge period. See pg. 10 for more details on PIV and AV.
A closer look at the Bonus Control benefit
Through a feature we call the Bonus Control benefit, 1 you can control how interest is credited between the two primary values in your account. You can decide between two options every contract year, depending on your goals.
LERATED
BALANCED
ACCELERATED
Option 1: This option lets you more aggressively pursue your income savings goals with a 250% protected income value (PIV) interest bonus factor and a 50% accumulation value interest factor. This means that two and one-half times any interest you earn is credited to your PIV (in our hypothetical example: 4% interest × 2.5 = 10%) , and half of any indexed interest is credited to your accumulation value while you’re saving (4% × 0.5 = 2% interest credit to your accumulation value) . As you can see in the line graph, with this option your PIV grows more in proportion to your contract’s accumulation value. This option may be a good choice if you plan to take income withdrawals down the road, because your withdrawals would be based on the PIV.
Accelerated PIV interest bonus
$200,000 With the Accelerated option, more emphasis is placed on growing your PIV value, which is used for determining income in retirement.
$200,000
$150,000
$150,000
$100,000
$100,000
YEAR
YEAR
YEAR
Protected income value Accumulation value
Protected Accumulat
This example is hypothetical in nature and does not predict or project actual results of a specific FIA.
1 The Bonus Control Benefit Option is applied to the contract allocation(s) at the beginning of a Crediting Period. In Alaska, Connecticut, Hawaii, Maryland, New Jersey, Oregon, Pennsylvania, Utah, and Washington the difference between 100% and the Accumulation Value Interest Factor is called the Accumulation Value Interest Charge Percentage.
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