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Allianz 222 Fixed Indexed Annuity

Principal protection, potential indexed

interest based on allocation options chosen,

and the potential for tax-deferred growth.



Allianz 222® Annuity

If you're concerned about saving for retirement – but you also want the potential for income increases – Allianz 222 Annuity may be a good choice.

Allianz 222 Annuity provides the typical features of fixed index annuities – including principal protection, the potential for tax-deferred growth, options for lifetime retirement income, and a death benefit for your beneficiaries.

While you're saving for retirement, Allianz 222 Annuity can help by giving you two ways to get a bonus to your Protected Income Value:

  • a 20% bonus on any premium you put into your annuity in the first three contract years, and
  • an interest bonus equal to 50% of any interest you earn from your chosen allocations.

And when you're ready to start receiving income, your lifetime income withdrawals can increase based on any interest you've earned, in addition to the 50% interest bonus. Plus, you can double your annual maximum withdrawal under qualifying circumstances.

Allianz 222 Annuity also gives your beneficiaries two ways to get a death benefit:

  • they can receive your annuity's full accumulation value in a lump sum, if they wish, or
  • instead, your beneficiaries can receive the full protected income value as annuity payments over at least five years.

Bonus annuities may include higher surrender charges, longer surrender periods, lower caps, higher spreads, or other restrictions that are not included in similar annuities that don't offer a bonus.

Issue age and minimum

The minimum initial premium payment is $20,000 for qualified and nonqualified money.


Allianz 222 Annuity offers two ways to receive a bonus on the protected income value of your contract. You’ll receive a 20% premium bonus on any premium you place in your annuity in the first three contract years. You’ll also receive an interest bonus equal to 50% of any fixed and/or indexed interest – for as long as you live.

To receive the protected income value, including any premium bonuses and interest bonuses, you must hold your annuity in deferral for at least 10 years and begin receiving lifetime withdrawals between the ages of 60 and 100. You will not receive the premium bonus or potential interest bonuses if the contract is partially or fully surrendered, if traditional annuity payments are taken, or if the protected income value rider is terminated.


The participation rate is 100% guaranteed for the life of the contract. This means we use the entire percentage of index change when we calculate the indexed interest rate. Caps or spreads would still apply. The cap is the maximum percentage of index change we use for a specified time period to determine how much interest we credit to your annuity in a given contract year. A spread is the amount we subtract from the percentage of change calculated for an index to determine how much interest we credit to your annuity in a contract year.

Call your Allianz financial professional for current caps, spreads, and interest rates.

Allocation options

Monthly sum: S&P 500® Index, Nasdaq-100® Index, Russell 2000® Index

Annual point-to-point with a cap: S&P 500® Index, Nasdaq-100® Index, Russell 2000® Index, Barclays US Dynamic Balance Index II, PIMCO Tactical Balanced Index, blended index

Annual point-to-point with a spread: Barclays US Dynamic Balance Index II, PIMCO Tactical Balanced Index

Monthly average: Blended index

The blended index is comprised of Dow Jones Industrial Average (35%), Barclays US Aggregate Bond Index (35%), EURO STOXX50® Index (20%), and Russell 2000 Index (10%).

A fixed interest allocation is also available.

Income or accumulation benefits

As described above, Allianz 222 Annuity offers two ways to receive a bonus on the Protected Income Value of your contract — a value in your annuity that is specifically designed for lifetime income withdrawals.

Once you start receiving income from your Protected Income Value, we'll increase your lifetime income withdrawals based on the interest rate credited to your allocations, including the interest bonus.

You can also double your annual maximum withdrawal with the Allianz Income Multiplier Benefit Rider, if you qualify due to hospitalization or confinement in an eligible nursing home or assisted living facility.

To receive the Allianz Income Multiplier Benefit, you must be confined to a qualified hospital, nursing facility, or assisted living facility for at least 90 days in a consecutive 120-day period. Confinement must occur after the first contract year and either during the contract year before the start of lifetime income withdrawals or at any time thereafter.

Access your money

After the first contract year, up to 10% of the contract's premium paid, minus withdrawals, can be withdrawn each contract year without incurring surrender charges or market value adjustment (MVA) or penalties as long as the money is withdrawn after the contract anniversary following the most recent premium payment; maximum is cash surrender value.

10-year surrender period (10%, 10%, 10%, 8.75%, 7.50%, 6.25%, 5.00%, 3.75%, 2.50%, 1.25%, 0%); beginning in contract year 4, the surrender charge decreases 1.25% on each contract anniversary. At the beginning of the 11th contract year, the surrender charge will be zero. The surrender charge and surrender charge period apply to the accumulation value, which does not include the premium bonus or the interest bonus. These surrender charges may vary by state.

Market Value Adjustment (MVA): If the contract is partially or fully surrendered (not including 10% free withdrawals and Required Minimum Distributions), it will be subject to an MVA during the surrender charge period. An MVA will also apply if the contract is annuitized prior to the sixth contract year or if annuity payments are taken over a period of less than 10 years. The MVA reference rate is a component used to calculate the MVA. For additional information on MVAs and their calculation, see the contract Statement of Understanding.

MVA reference rate

Payout options

When you are ready to begin income withdrawals (anytime after 10 contract years), you can access your protected income value in the form of payments that last as long as you live. The initial annual maximum amount is a percentage of your protected income value and is based on your age when payments begin. You can choose to take lifetime income withdrawals beginning at age 60.

After your lifetime withdrawals begin, your income payments will have the opportunity to increase following each year your contract earns interest, including the 50% interest bonus. Also, as long as you don’t take other withdrawals, your payment is guaranteed to never decrease.

And if you should later be confined to an eligible nursing home, hospital, or assisted living facility, you can receive up to double your annual maximum income withdrawal with the Allianz Income Multiplier Benefit rider.

Death benefit

Prior to annuitization, Allianz 222 Annuity gives you two death benefit options. Your beneficiary(ies) can receive the greater of the accumulation value, guaranteed minimum value, or cumulative withdrawal amount as a lump sum (this option doesn't include any bonuses). Or, they can receive the Protected Income Value – including the premium and interest bonuses – in payments over a minimum of five years.

At death of the contract owner, beneficiaries receive the greater of the accumulation value, guaranteed minimum value, or cumulative withdrawal amount as a lump sum (no bonuses).




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