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Allianz Life Insurance Company of North America


Endurance Plus


A Fixed Indexed Annuity with a 10-year surrender period.
This product is not available in NY, PR, VI, WA

Ratings
  A.M. Best :  A   Moody's:  A2   Standard & Poor's:  AA  

Rates
  Current Rates
12/02/2014
Guaranteed
Minimum Values
   Cap Spread Cap Spread
1 Year Blended Monthly Average     3.75    none    12.00  
1 Year Blended Point-to-Point Cap  2.50       0.25     0.00  
1 Year FTSE 100 Monthly Sum Cap  1.50       0.50     0.00  
1 Year FTSE 100 Point-to-Point Cap  2.75       0.25     0.00  
1 Year Nasdaq 100 Point-to-Point  2.25       0.25     0.00  
1 Year S&P 500 Point-to-Point  2.25       0.25     0.00  
1 Year S&P 500 SELECT Monthly Sum Cap  2.00    1.00    0.50     0.00  
1 Year S&P 500 SELECT Point-to-Point Cap  4.25    1.00    0.25     0.00  
1-Year Nasdaq 100 Monthly Sum Cap  1.50       0.50     0.00  
1-Year S&P 500 Monthly Sum Cap  1.50       0.50     0.00  
1 Year Fixed Interest Account   (Rate guaranteed for 1 Year) 1.25%  

State Specified Minimum Interest Rates
AR AZ CO CT DC FL GA HI ID IL KS LA MA MD ME MI NC ND NE NH NM OK PA RI SD TN UT VA VT WI WV 1.35%
AK AL DE IA IN KY MN MS OH TX 1.00%
CA MO MT NJ NV OR SC WY 1.50%

Premium Bonus
- none -

Policy Notes

The @annuityName@ is a limited flexible premium (accepts premiums during the first 3 policy years) fixed index annuity which pays a 20% premium bonus on all premiums paid during the first 3 policy years and has a @SCyears@ year surrender charge period.

The Premium Bonus is credited to the Enhanced Withdrawal Benefit (EWB Rider) value and the EWB receives interest at 105% of what the accumulation value earns on all fixed and/or indexed interest, and is only available after 10-years if you elect one of the two payout options.

Endurance Withdrawal Benefit: Option II
Rider is not available in NY

Allianz EndurancePlus Annuity was designed to reward contract owners who leave their money in the annuity through at least ten contract years, and receive the annuity's value in enhanced withdrawal payments.

This Endurance Withdrawal Benefit: Option II value adds a 20.00% bonus to all premiums paid into the contract during the first three contract years. The Endurance Withdrawal Benefit: Option II value can then grow at an enhanced rate that is 105% of the rate credited to the accumulation value for both fixed and potential indexed interest.

How do I receive the full value of my Endurance Withdrawal Benefit: Option II?
If you are at least age 60 (or when you subsequently reach age 60 and you are no older than age 90) and at least ten contract years have passed you can choose to receive payments under Endurance Withdrawal Benefit: Option II. You must give the company notice of your selected option within 30 days following any contract anniversary in order for it to take effect in that contract year. After you select Endurance Withdrawal Benefit: Option II and begin receiving enhanced withdrawals, your accumulation value can continue to earn fixed and/or potential indexed interest. Your enhanced withdrawal payments - and remaining Endurance Withdrawal Benefit: Option II value - can continue to increase with the enhanced interest rate. You may cancel your contract at any time and take its remaining accumulation value in a single, lump-sum payment.

With this withdrawal option, you will receive payments based on your Endurance Withdrawal Benefit: Option II value for the rest of your life, even if your accumulation value is completely exhausted. Unlike Option I, which has no age requirements, you must be at least age 60 nut no older than age 90 in order to select this option.

At the time you select this option, the withdrawal amount for the first year will be a percentage of the Enhanced Withdrawal Benefit value. The percentage depends on your age at the beginning of the contract year that you select lifetime withdrawals.

Maximum Annual Withdrawal Pecentage:
Age Single Joint Max
60-69 5.00% 4.50% 10.00%
70-79 5.50% 5.00% 10.00%
80-90 6.00% 5.50% 10.00%


Your lifetime payments will never decrease (unless you take an additional withdrawal). Every year, the amount of your lifetime withdrawals for the following year can increase by earning the enhanced interest rate. On each contract anniversary, you can change the frequency of future lifetime withdrawal payments. Once lifetime withdrawals have been selected; you can not stop your payments.

Lifetime withdrawals will reduce the accumulation value dollar-for-dollar. If you take an additional withdrawal while you are receiving lifetime withdrawals, your accumulation value will be reduced by the amount that is withdrawn. In addition, your future lifetime withdrawals will be reduced proportionally.

If two married spouses are joint owners of the annuity, lifetime withdrawals can continue for the lifetimes of both spouses, so long as both are at least age 60 and no older than age 90 at the time payments begin. The initial payment percentage will be based on the age of the younger joint owner at the beginning of the selection year. The percentage for joint owner withdrawals will be 0.50% lower than for a single withdrawal.

Full accumulation value as lump sum or Endurance Withdrawal Benefit: Option II value if taken over 5 years.


Provisions
Free Look Period: 10 Days
(Free look period may vary by state)
Rate Lock Protection: -
Bail Out Provision Available: No
Loan Provision Available: Yes
Loan Rate: 7.40
Tax Sheltered: No
Market Value Adjustment: No
MRD: Yes
Front-End Fee: No
Annual Maintenance Fee: No
Return of Premium Available: No
Death Benefit is: Policy Value
Premiums
  Non-Qual Qualified
Min Single Premium: $10,000 $10,000
Max Single Premium: $1,000,000 $1,000,000
Min Added Premium: $ 25 $ 25

Flexible Premiums Permitted:

First 3 Years
 
Ages Restrictions
    Non-Qual Qualified
Owner:   80 80
Annuitant: 80 80
Annuitization Age:   95 95

Systematic Withdrawals

Systematic withdrawals are not available

State Specific Notes

100% Cap on Monthly Average in MO 1% Annual Cap in MO, MT, NV, NJ, OR, SC, WY One year wait on Flexible Withdrawal Rider Not available PA 10% Free Withdrawals after first year in NJ, OR, WY

Commissions
Effective date of commission schedule: 06/02/2014
Commissions are subject to change at any time without notice. Verify all commissions prior to submitting business

Option A

Endurance Plus
(All approved states)
Up to age 75 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11
Initial Premium: 7.00%                    
Renewal Premiums:   3.50% 3.50%                
Ages 76-80 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11
Initial Premium: 5.00%                    
Renewal Premiums:   2.50% 2.50%                

Option B

Endurance Plus
(All approved states)
Up to age 75 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11
Initial Premium: 5.00%                    
Renewal Premiums:   2.50% 2.50%                
Trail: Trail years 2+ is 0.50%
Ages 76-80 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11
Initial Premium: 3.50%                    
Renewal Premiums:   1.75% 1.75%                
Trail: Trail years 2+ is 0.50%

Option C

Endurance Plus
(All approved states)
Up to age 75 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11
Initial Premium: 2.25%                    
Renewal Premiums:   1.13% 1.13%                
Trail: Trail years 2+ is 1.00%
Ages 76-80 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11
Initial Premium: 2.00%                    
Renewal Premiums:   1.00% 1.00%                
Trail: Trail years 2+ is 0.75%

  • 100% chargeback in the event of a surrender or the owner's death in the first six contract months.
  • 50% chargeback in the event of a surrender or the owner's death in contract months 7-12.
  • 100% chargeback in the event of the Owner's death in the first six policy months
  • 50% chargeback in the event of the Owner's death in policy months 7-12
  • 100% chargeback if the Alternate Annuitization Option III (Medicaid endorsement) is used in the first six policy months
  • 50% chargeback if the Alternate Annuitization Option III (Medicaid endorsement) is used in policy months 7-12

  • Verify all rates and provisions prior to contracting.


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