Allianz Core Income 7 Annuity – Increasing Lifetime Income with Market Protection
At Diversified Insurance Brokers, we specialize in helping clients build retirement strategies that combine guaranteed income, growth potential, and market protection. The Allianz Core Income 7 Fixed Indexed Annuity is designed for individuals who want their income to grow over time while ensuring their principal is never at risk from market downturns.
Growth Potential with a Safety Net
The Core Income 7 offers multiple index crediting strategies to help you capture market upside while maintaining a 0% floor—meaning your account will never lose value due to negative market performance. This makes it a strong fit for retirees and pre-retirees looking for a balance of growth and protection.
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Allianz Core Income 7: Secure Growth with Optional Increasing Lifetime Income
The Allianz Core Income 7 fixed indexed annuity is designed for retirees and pre-retirees who want market-linked growth potential with principal protection and the option to convert savings into guaranteed lifetime income. It blends tax-deferred accumulation with a built-in income engine that can reward you for deferring income, giving you flexibility to time paychecks around Social Security, pensions, or part-time work.
How It Works (Plain-English Overview)
- Index-based crediting: Your annuity can credit interest based in part on index performance (without direct market investment). Negative index years credit no loss (0% floor), so your account value can’t decline due to market downturns.
- Protected accumulation: Choose among crediting methods (e.g., participation rates, caps, or spreads—product- and state-specific). You can also allocate a portion to a fixed interest option for stability.
- Turn on income when ready: When your retirement paychecks are needed, activate the annuity’s income benefit and receive a predictable stream—either level or designed to increase over time.
What Stands Out
Tax-Deferred Compounding
All earnings within the annuity grow tax-deferred, which allows more of your money to stay invested and compound over time, maximizing your long-term retirement savings potential.
Core Income Benefit Rider for Lifetime Income
The Core Income Benefit Rider, included with the annuity, increases your income withdrawal percentage every year you defer income, up to a stated limit. In practice, the longer you wait to start income, the higher your guaranteed lifetime payout.
Flexible Income Options
You can choose between Level Income (the same payment every year) or Increasing Income (payments that rise over time to help offset inflation). This flexibility allows you to tailor your retirement income strategy to your lifestyle and expenses.
Penalty-Free Withdrawals
After the first year, you may take up to 10% of your contract value annually without penalties, giving you access to funds if unexpected expenses arise.
Who’s a Good Fit?
- Savers within 5–10 years of retirement who want to lock in an income plan they can’t outlive.
- Retirees seeking increasing income potential to better align with rising living costs over a long retirement.
- Conservative investors who value a 0% floor (no market-loss crediting) and principal protection.
Simple Planning Illustration (Conceptual)
Imagine a 62-year-old defers income for five years while continuing to work part-time. During deferral, the income percentage grows under the rider. At age 67, they activate Increasing Income to help offset rising healthcare and everyday costs through their late 70s and 80s. The result is a predictable, lifetime paycheck alongside other income sources—without stock market downside risk in the annuity contract.
Important Considerations
- Surrender period & charges: Like most FIAs, early full surrender can trigger charges. Plan your time horizon carefully.
- Crediting terms can change for new purchases: Caps, spreads, and participation rates may vary over time and by allocation.
- Rider details: Income rules, deferral incentives, and payout calculations are product- and state-specific. Review the disclosure with an advisor.
Why Work With Diversified Insurance Brokers
We help you evaluate how products like the Allianz Core Income 7 fit into your overall retirement strategy. With access to top-rated annuity carriers, we ensure you get an income plan that matches your goals for growth, security, and flexibility.
🎯 Want increasing lifetime income with market protection?
Submit a quote request here to see if the Allianz Core Income 7 Annuity is the right fit for your retirement plan.
Talk to an Advisor or Request Your Annuity Quote
Ready to explore this annuity in more detail—or compare it with other carriers to see if even higher rates are available? With guaranteed income, principal protection, and long-term growth potential on the line, making the right choice is essential. The experienced advisors at Diversified Insurance Brokers will guide you through the options and design a strategy tailored to your retirement goals.
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FAQs: Allianz Core Income 7 Annuity
What type of annuity is the Allianz Core Income 7?
It’s a fixed indexed annuity (FIA) that offers index-linked interest crediting with principal protection and an income benefit for guaranteed lifetime withdrawals.
How does the Core Income Benefit Rider increase my income?
Each year you defer starting income (up to a product-defined limit), your eligible withdrawal percentage increases. When you activate income, that higher percentage is applied to the rider’s calculation base to determine lifetime payments.
Can I choose level or increasing income?
Yes. You can elect level payments for simplicity or increasing payments designed to step up over time to help offset inflation. Availability and specifics are product- and state-dependent.
What happens in a down market year?
The FIA credits no loss (0% floor) due to index declines. Your account value won’t decrease from a negative index year, though fees or withdrawals can reduce values.
When can I access funds without penalties?
After the first contract year, most versions allow up to 10% of contract value per year penalty-free. Surrender charges can apply to larger withdrawals during the surrender period.
Is this suitable for short-term money?
Typically no. FIAs are designed for multi-year horizons. If you need full liquidity soon, consider alternatives or ensure sufficient emergency savings outside the contract.
How do I get a personalized quote?
Use the quote request form above to share your age, state, funding amount, and timeframe. We’ll compare Core Income 7 to other carriers and send you side-by-side options.
About the Author:
Jason Stolz, CLTC, CRPC, is a senior insurance and retirement professional with more than two decades of real-world experience helping individuals, families, and business owners protect their income, assets, and long-term financial stability. As a long-time partner of the nationally licensed independent agency Diversified Insurance Brokers, Jason provides trusted guidance across multiple specialties—including fixed and indexed annuities, long-term care planning, personal and business disability insurance, life insurance solutions, and short-term health coverage. Diversified Insurance Brokers maintains active contracts with over 100 highly rated insurance carriers, ensuring clients have access to a broad and competitive marketplace.
His practical, education-first approach has earned recognition in publications such as VoyageATL, highlighting his commitment to financial clarity and client-focused planning. Drawing on deep product knowledge and years of hands-on field experience, Jason helps clients evaluate carriers, compare strategies, and build retirement and protection plans that are both secure and cost-efficient.
