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Should You Buy the Allianz 222?

I am always trying to make sure those who depend upon me are the most informed pre retirees and retirees possible. For that reason, I am presenting a short article form a friend of mine Jason Wenk ,which breaks down a very popular annuity, the Allianz 222. Jason does not offer annuities ,but he did such a great job of explaining the way it operates I had to present it.

The article is titled, “Independent, Objective Review of the Allianz 222 Annuity”. Jason is a self proclaimed “math geek” which explains why his analysis of annuities are so engaging and useful. Jason is the founder of and a frequent contributor to the site. Jason is a desired speaker and educator by major financial services companies such as TD Ameritrade and Allianz for his unique expertise in quantitative finance and social media.

Listed below are some points Jason makes with regards to the Allianz 222.

While most insurance companies aren’t fond of the phrase, there are quite a few agents that use the term “hybrid annuity” when describing this updated version of the original index annuity. Be cautious though using this term. “Hybrid Annuity” is just a marketing term. It’s nothing special and in reality annuities, for the most part, have always been hybrid in nature because they do more than just one thing.

One other really interesting feature of the Allianz 222 is one of it’s crediting methods (the ways you actually make money with an indexed annuity). Not too long ago, Allianz has added the Barclays US Dynamic Balance Index. I’ll cover this more later, but this is a major catch up move to other hot selling annuity products. You will find out when we dig into some super nerdy analysis that this really isn’t a big deal, nor that great of an index. But the sales folks usually talk it up pretty good – so be sure you stay tuned, so you can learn how much value this new interest crediting method really is.

When it comes to the Allianz 222 product, it’s name actually implies what it does:

2 Ways to get a bonus to your Protected Income Value

1. Allianz 222 offers a 15% bonus on any money you add to your contract the first 3 years.

2. You also receive an interest bonus equal to 50% of any interest your earn from your allocations more on this later.

2 Ways to get an income increase from your Protected Income Value

1. Once you start receiving income, your lifetime income withdrawals can increase based on any interest you’ve earned, in addition to the above mentioned bonus.

2. And, you can double your annual maximum withdrawal under certain hospital / nursing care / assisted living situations.

2 Ways to obtain a Death Benefit

1.Your beneficiaries will get your annuities full accumulation value (very different than the fancy income values from above)

2.Or, they can get the full protected income value as annuity payments spread out over 5 years.

Look, I’m sure if we really study all of that eventually we can figure it out. But really, does it have to be that complicated? With a simple name like 222 I sort of figured this would be simple. Nope, not even close. Oh well, guess I’ll put my mega nerd hat on and start crunching some numbers ;)!

If you would like to learn more about this annuity or the review Jason has assembled click here. I hope you find this amazing resource helpful.

Matt Golab
Chief Advisor of Aaron Matthews Financial Resources

About Matt Golab:
The strategies Matt Golab has established and passed on through successful financial planning with hundreds of clients over the years has launched him into the national spotlight. Matt is frequently featured in The Wall Street Journal, CNBC, MSN Money, The San Francisco Chronicle, Newsweek, TheSmartRetiree, Burlington County Times and appeared nationwide on ABC, CBS, Fox, and NBC as well as USA Today.Matt has a weekly radio show where he discusses all aspects of retirement planning, total wealth management, and estate strategies. Through his relationship with Retirement Radio Network experts such as David Walker former Comptroller General of the United States, Harry Dent of the H.S. Dent Foundation, John Bogle of the Vanguard Funds and many more have been heard on his show Income Forever. Matt Golab is the Author of The Consumer’s Guide to Planning Your Retirement: Your Guide to Mental Peace and Financial Well Being. Matt Golab continues to expand the geographic reach of his audience and desires to bring his expertise to a nationwide television audience. Matt emphatically states his mission, “I want to change the way Americans view their retirement. They can succeed (stay retired) regardless of what happens in the market”. Matt Golab was recruited to write a chapter in Tom Hopkins recent book, Victory which became a National Best Seller. Matt also received the Editors Choice Award for his contribution to Victory, not every contributor is selected for this high honor.Matt authority on creating innovative tax and investment solutions to help his clients succeed in their retirement years.If you would like to ask a question or get contact details for Matt Golab, please simply click right here. Investment Advisory Services offered through Global Financial Private Capital, LLC, an SEC Registered Investment Advisor.

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