| 5% Bonus PowerDex(SM)
Elite Annuity Overview |
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Features: A flexible premium equity index annuity
with a unique "high water" design and a bonus
on premium payments for the first five policy years
- Your clients will receive a 5% bonus on all premium
payments made during the first 5 policy years
- Your clients can potentially profit from gains in
the S&P 500(1) without directly
investing in the market
- Clients can lock in any annual index gains, up to
an annual maximum, which ensures that they receive
their highest values in the future (the high water
value)
- Within 5 years, clients can lock in their best "high
water" value with the 5-year "high water"
vesting feature
Guaranteed participation rates and no asset fees
- 100% participation rates for the point-to-point
annual reset, guaranteed while the policy is in deferral
- 10% cap guaranteed for 1 year; will never be less
than 5%
- No annual fees, loads, or sales charges guaranteed
for life
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Commissions:
Commissions year 1:
- 9% first-year commission through age 75
- 7% first-year commissions ages 76 through 85
Commissions years 2 through 5:
- 4.5% through age 75
- 3.5% ages 76 through 85
- Producer Perks, the Allianz Life®
agent incentive program
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Advantages: PowerDex lets clients manage market
volatility, not suffer from it
- A negative market cannot impact your clients' principal
- With the 5% Bonus PowerDex Elite, its maximum growth
becomes its minimum value five years later, due to
the high water design
- After 12 years, clients can walk away with their
full accumulation value, including any index gains
with no surrender charges
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Please note: This product is not a direct investment
in an index.
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* click here for a LIST
of ALL Allianz Life Annuities
5% Bonus PowerDex(SM)
Elite Annuity Detailed Description
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| Type of Premium: | |
Flexible premium first
5 years |
| Bonus: |
|
5% bonus
on all premium received during first 5 policy years |
| Issue Ages: | |
0 - 85 |
| Minimum Premium: | |
$25,000 |
| Maximum Premium: | |
$1,000,000 (Home Office
approval required on $500,000 or more) |
| Current Interest Rate: | |
3% for Interim Interest
Account |
| Allocation
Options: |
|
S&P
500(1) Index |
| Index
Type: |
|
1-year
point-to-point with 5-year "high water" look
back |
| Participation Rate: | |
100% participation
rate guaranteed for life |
| Cap: | |
10% guaranteed first
year; will never be less than 5% |
| Fees: | | No annual fees, loads or sales charges guaranteed for life |
| Minimum Guarantee: | | 75% of premium paid in 1 year, plus 87.5% of premium paid in year 2 or after, less withdrawls, all accumulated at 3% |
| Payout Option: | |
No payout required;
full accumulation values available after 12-year surrender
period |
| Cash Surrender Value: | |
12-year decreasing
surrender: 15% on date of policy issue, then decreasing
monthly starting policy year 6 |
| Index Payout Endorsement: | | Available in most states |
| Loans: | | Up to 50% of cash surrender value ($50,000 maximum) |
| Withdrawal Provision: | |
5% per policy year,
up to 25% of total received premium cumulative lifetime;
available after first policy year or 12 months following
the last addition of premium, whichever is later |
| Death Benefit: | |
0 x 5 distribution;
accumulation value if taken for a minimum 5-year period;
if taken for less than 5 years, guaranteed return of premium
less withdrawals or cash surrender value, whichever is
greater |
| Rate Lock: | | Not Available |
| Issue No Money: | |
Not Available |
| Nursing Home Benefit: | | Available in most states |
| idea® Benefit: | | Available in most states |
| Death Benefit Rider: | | Available in most states |
| Systematic Withdrawal: | | Available starting the 6th policy year |
| RMD: | | Available in all states |
| Commissions: | |
Year 1: 9% through
age 75, 7% ages 76 through 85; Years 2-5: 4.5% through
age 75, 3.5% ages 76 through 85; no commission chargeback
at death |
| Producer Perks: | | Yes |
Product availability and benefits may vary by state.
Please note: This product is not a direct investment in
an index.
If you would like more information
and to receive a "Starter Kit", register
online today and you will receive an email immediately
on how to get started.
For
licensing and new sales - contact:
Van Albanese, CLU,
ChFC
TheUSBroker Representative
phone: 1-877-341-3342 (toll-free)
fax: 1-315-655-4784
valbanese@theusbroker.com
* click here for a LIST
of ALL Allianz Life Annuities
Click on the links below for Allianz Life pdf documents
For quotes or additional corporate information call the:
FASTeam now at 800.950.7372
Visit www.accessallianz.com
for a current consumer application that's approved for your
state (opens in a new internet browser window)
Allianz Life Insurance
Company of North America - Unmatched Financial Strength
As part of the Allianz Group, Allianz Life offers a level
of security that is virtually unequalled in the industry.
That means you know you're dealing with a company that will
keep the promises it makes. Foremost in our minds is the safety
of the funds you entrust to our care.
› Allianz Life by the numbers
- The nation's #1 seller of equity indexed annuties each
year since 2000 (The Advantage Group based
on 2000, 2001 & 2002 sales).
- #1 choice among independent agents (LIMRA
2002 - #1 in American in sales of fixed annuities through
independent agents each year since 2000, according to LIMRA
International reports for sales in 2000, 2001, and 2002.)
- The Financial strength of Allianz Life has consistently
been rated "Very Strong" by Standard & Poor's
and "Superior" by A.M. Best, among the highest
ratings assigned (The independent ratings
are based on an analysis of financial results and evaluation
of management objectives and strategies. The ratings do
not indicate approval by the analysts and are subject to
change).
› Allianz Group by the numbers
- One of the world's leading providers of integrated financial
services.
- The worlds 18th largest corporation, based on revenue,
with 700 subsidiaries in more than 70 countries (Fortune,
July 22, 2002).
- As of September 30, 2002, the Allianz Group had $1 trillion
in assets under management, $847 billion in consolidated
assets, and $818 billion in liabilities.
(1) A 5% bonus will be credited to all premium
in the first 5 policy years if the initial premium is $100,000
or greater, otherwise a 3% bonus will be credited to all premium
in the first 5 policy years.
(2) "Standard & Poor’s®,"
"S&P®," "S&P 500®," "Standard
& Poor’s 500," and "500" are trademarks
of The McGraw-Hill Companies, Inc. and have been licensed
for use by Allianz Life Insurance Company of North America.
The product is not sponsored, endorsed, or promoted by Standard
& Poor’s, and Standard & Poor’s makes no
representation regarding the advisability of purchasing the
product.
(3) "Nasdaq®," "Nasdaq-100®" and
"Nasdaq-100 Index®" are trademarks of The Nasdaq
Stock Market, Inc. and have been licensed for use by Allianz
Life Insurance Company of North America. The product has not
been passed on by the Corporations as to its legality or suitability.
The product is not sponsored, endorsed, sold, or promoted
by The Nasdaq Stock Market, Inc. THE NASDAQ STOCK MARKET,
INC. MAKES NO REPRESENTATION REGARDING THE ADVISABILITY OF
PURCHASING THE PRODUCT.
(**) Bonus is subject to client deferring
the contract for a minimum of five years and taking the payout
over ten years.
For Agent Use Only
Product Availability and Benefits May Vary by State
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