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The company offers several annuity products, including fixed and variable annuities. While the negative attention led to a change for the better among carriers, indexed annuities remain complex and difficult to truly understand. Allianz Life's range of fixed index and index variable annuity products help retiring Americans secure their financial future and guarantee income for life. This gives some downside protection and a very sizable cap as the S&P 500 isn't typically up more than 16.25% in one year. All withdrawals are subject to ordinary income tax and, if taken prior to age 59, may be subject to a 10% federal additional tax. Indexed annuities, often the black sheep of retirement products, have a history of being so complex that they were a focal point of litigation and regulatory action in the 2000s. Allianz Index Advantage Variable Annuity A new balance of performance potential and protection Are you concerned about accumulating for retirement? Comprehensive Allianz 222 Review My Annuity Store, Inc. No product companies have endorsed the reviews on this site, nor is AnnuityEdu.com compensated for reviews. 9. All names, marks, and materials used for this review are the property of their respective owners. This is an independent reviewfor you to see the pros and cons of this particular annuity. Allianz Retirement Advantage NY Variable Annuity Dollar Cost Averaging Instruction - REA-012-NY [NY] Allianz Retirement Advantage Variable Annuity Dollar Cost Averaging (DCA) Instructions - REA-012 Allianz Retirement Advantage Variable Annuity Flexible Rebalancing Instructions - REA-013 The cap for this strategy is 80% which means if in a period of over 3 years the index gives more than 80% in returns you will only get the cap. With over $200 billion in annual sales, the annuity industry is big business with lots of salespeople trying to persuade you to make a purchase. The contract includes a 7-year withdrawal charge schedule. Allianz Index Advantage, our core index variable annuity, is designed to help you accumulate money for retirement and provide income after you retire. 401(k) for Business This is why annuities should NEVER be a significant part of your investment portfolio because they are essentially illiquid for many years.