Masterdex X Annuity
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This means that each time you make a premium payment during the first five contract years we will add a premium bonus to your annuitization value.
Masterdex x annuity. For example Allianz annuities offers the MasterDex X Annuity which is similar to their standard fixed index annuities just with a few differences. Yes the MasterDex 10 Annuity offers a premium increase. Allianzs MasterDex 10 Annuity -- the product sold to Fran Schuber -- is an illiquid long-term product.
This means that each time you make a premium payment during the first five contract years we will add a premium increase to your annuitization value. The bonus will be credited on all premium received in the first three years. Mooney said she paid 216189 in premiums for an Allianz MasterDex 10 equity-indexed annuity.
She claimed that she bought the. Variable Annuity 10 or 12 of purchase payments1 Partial Withdrawal Allianz Charter II Variable Annuity 7 of purchase payments Privilege Allianz ConnectionsSM Allianz EliteSM High Five Bonus High Five L Allianz Index Advantage Allianz Index Advantage Income SM Index Advantage NF and Rewards Variable Annuities. The annuity light purple line is based on a market index scenario in which the indexed interest rate is zero in all contract years.
The product didnt return much because it is not an accumulation focused product. Your contract has a 100 participation rate. This increase will equal 10 of each premium payment.
So you are not able to withdraw the full account value until after year 11. If you invest 100000 in the Allianz MasterDex X annuity and decide against your purchase after the grace period you will only receive 90000 as the surrender value. The When the market is headed up the value of your Allianz MasterDex X Annuity can also increase.
Microsoft Word - Annuity Product Breakdown Allianz Masterdex X Author. The Masterdex X is a 10 year annuity. MasterDex X is a fixed index annuity that offers a premium bonus and a choice of fixed interest andor indexed interest options.