| SelectDex Multi-Choice(SM)
Index Annuity Overview |
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Features: The SelectDex Multi-Choice Annuity
offers your clients exceptional choice and the control
they need to spread their risk:
- Clients have 3 ways to allocate their money: S&P
500(1), Nasdaq-100®(2),
or an Interest Earning Value, in increments of 25%
- Clients can choose to base any indexed gains on
the monthly averaging or the point-to-point annual
reset method
- Plus, clients can change elections every policy
year
With the SelectDex Multi-Choice Annuity, participation
rates are guaranteed for policy lifetime
- 100% participation rate for the monthly average
annual reset
- 55% participation rate for the point-to-point annual
reset
- 10% cap guaranteed for one year; cap will never
be less than 3%
- Annual reset with no asset fee
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Commissions:
Top G.A. commissions:
- 7% in first policy year through age 85
- Additional 3.5% commission on premium added policy
years 2 through 5
- Producer Perks, the Allianz Life®
agent incentive program
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Advantages:
- Free withdrawals up to 15% of total premium cumulative
lifetime, available after the first policy year or
12 months after the last addition of premium, whichever
is later
- A 10-year decreasing surrender penalty (charges
start at 10% in year one, and decrease monthly thereafter)
means your clients will never pay more than a 10%
surrender charge
- A loan of up to 50% of the cash surrender value
is available with a $50,000 maximum
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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
SelectDex Multi-Choice(SM) Index
Annuity Detailed Description
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| Type of Premium: |
|
Flexible Premium |
| Bonus: |
|
Not Available |
| Issue Ages: |
|
0 - 85 |
| Minimum Premium: |
|
$2,000 Qualified;
$5,000 Non-Qualified |
| Maximum Premium: |
|
$1,000,000 (Home Office
approval required on $500,000 or more) |
| Current Interest
Rate: |
|
3% on the Interest
Earning Value |
| Allocation
Options: |
|
S&P
500(1) Index, Nasdaq-100®(2)
Index, & Interest Earning Value; clients may elect
more than one investment option during an index term,
in increments of 25%; clients may change elections annually |
| Index
Type: |
|
Annual
reset of monthly average or point-to-point; indexing option
must be elected at time of issue; option locked for the
life of the contract |
| Participation
Rate: |
|
100% monthly average;
55% point-to-point |
| Cap: |
|
10% guaranteed for
one year; will never be less than 3% |
| Fees: |
|
No annual fees, loads
or sales charges guaranteed for life |
| Minimum
Guarantee: |
|
75% of
premium paid in the first policy year, plus 87.5% of premium
paid in year 2 and after, less withdrawals, all accumulated
at 3% |
| Payout Option: |
|
5 x 5 (5 years deferred,
5-year payout Interest Only); 1 x 10 (one year deferred,
10-year payout Interest Only or Principal and Interest) |
| Cash Surrender
Value: |
|
10-year decreasing
surrender charge; begins at 10%, decreasing monthly thereafter |
| Index Payout Endorsement: |
|
Available in most
states |
| Loans: |
|
Up to 50% of the
cash surrender value ($50,000 maximum); loans participate
in the indexing method |
| Withdrawal
Provision: |
|
Up to
15% of total premium cumulative lifetime, available after
the first policy year or 12 months after the last addition
of premium, whichever is later |
| Death
Benefit: |
|
0 x 5
(no deferral, 5-year payout; includes Interest Only or
Principal and Interest options) |
| Rate Lock: |
|
Rates are locked when
the money is received |
| 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: |
|
Not Available |
| RMD: |
|
Available in all states |
| Commissions: |
|
7% through
age 85; additional 3.5% commission on premium added years
2 through 5; 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.
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.
(*) Not available in all states
(1) "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.
2 "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.
For Agent Use Only
Product Availability and Benefits May Vary by State
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