Essential Income 7
Allianz
3.75%
Best Cap
10%
Free W/D
50
States
A fixed index annuity that provides guaranteed lifetime income with potential for annual increases, while protecting your principal from market losses and offering indexed growth potential.
Free Withdrawal
10%/yr
Available In
50 states
Min Premium
$10,000
Surrender
7 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| Bloomberg US Dynamic Balance Index II | Annual | 3.75% | 100% | -- |
| S&P 500 Index | Annual | 4% | 100% | -- |
| Fixed Account | Daily | -- | -- | 2.6% |
Key Features
Essential Income Benefit
Annual charge: 1.05%-2.50%Guaranteed lifetime income with two payout options and increasing withdrawal percentages
Withdrawal Percentage Increases
0.45%-0.75% annual increases starting at age 45Income percentages increase every year you wait to start withdrawals
Principal Protection
100% principal protectionYour money is protected from market losses while earning potential indexed gains
Index Options
Annual point-to-point crediting with capsEarn potential interest based on S&P 500 or Bloomberg US Dynamic Balance Index II performance
Free Withdrawals
10% of premium annually after first yearAccess your money without penalties
Highlights
Guaranteed lifetime income that can increase each year, protecting against inflation
Income withdrawal percentages increase by 0.45-0.75% annually for every year you delay starting payments after age 45
Principal and interest protected from market losses while still earning potential indexed gains
Two income options: predictable payments or smaller initial payments with growth potential
Can add money during first year and take 10% free withdrawals annually after first year
Surrender Schedule
Yr 1
8.5%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
Nursing home waiver
Best For
People approaching or in retirement who want guaranteed lifetime income with inflation protection and principal safety.
Consider Alternatives If
Those who need immediate liquidity or want direct market exposure without any restrictions.
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