Today, many professionals are able to come up with a good idea of investing Allianz Masterdex X Annuity before the retirement age arrives. These are serious decision that you might need to consider in order to support your bills and other activities whenever you stop working. In order to have deeper knowledge about annuity offering companies such as Allianz, you need to know what are the benefits it offers for persons whose retirement is fast approaching.
The Benefits of Allianz Masterdex X Annuity
The term annuity is the amount invested in a particular company in order to generate your money into a greater amount. There are a lot of annuity programs that Allianz offers to its good investors. Among these programs is the Masterdex X. Unlike other fixed annuity programs, Masterdex X provides safer features of a certain traditional fixed annuity. These include overall protection, accumulation of deferred tax, and beneficiaries for death-benefit. It also offers a secured interest rate that can be accumulated for a long period of time. The primary features of this fixed index annuity program is that you can have greater opportunity to earn bigger interest when financial market ranks higher.
What Does Allianz Masterdex X Annuity Offers?
X offers you a convenient way to earn accumulated interest without even partaking to actual markets. This is because this particular fixed index annuity can credit interest to your accumulated value. You can also accumulate premium bonus in as early as your first three year contract. But note that this premium bonus is available only on your first three years, not on first year only. These 10% bonuses will then be vested each year until it reaches to 100% of your eleventh annual contract.
When sudden changes happen and you decided to cancel or stop the contract before the eleventh year contract, you can still withdraw the cash of your accumulated bonus or your amount surrendered value. It may cost more of annuity charges and may take long transaction of the surrender period. The premium bonus will apply a surrender fee during your first ten year contract to get you ready when you decide to surrender your contract partially or fully. Allianz Masterdex X Annuity premium bonus will not remain when you start annuitization on your first ten contract years or below.
Allianz guarantees the benefits that you can get from this insurance company. The minimum amount that you can withdraw from the premium bonus is $20,000. This minimum amount can be used even the investor is already qualified or unqualified. It can be issued officially by the age of 0-80 years. This benefit is really awesome when it includes the potential to earn better from interest accumulated on the national index performance.
Given these ideas of a reputable insurance company that offers security and reliability in terms of financial assistance for your retirement season are vital things to consider. Securing your future as a retired person is the main reason why Allianz Masterdex X Annuity insurance program is designed.