Contact Us Log in Why Allianz What We Offer Get Answers For Professionals You are here: Home / What We Offer / Annuities / Fixed Index Annuities / Essential Income 7 Overview How the Product Works Rates Essential Income 7® Annuity Income certainty with the potential for increases Allianz Life Insurance Company of North America Need a strategy to help address your essential expenses? Like all fixed index annuities, Essential Income 7® Annuity offers you principal protection from market loss, potential indexed interest, and the potential for tax-deferred growth. It also gives you two index allocation options that make accumulation potential less complicated. You’re also guaranteed income withdrawals for life – and the longer you wait to receive income, the higher your income withdrawal percentage will be. Plus, one option gives you the potential for increasing income through the Essential Income Benefit, which we include automatically for an additional cost. You can start taking income immediately after buying your contract if you’re at least age 50, or at the start of any contract year once you turn 50. A strategy to grow your retirement income. As part of your retirement strategy, it’s important to know that you’ve covered your essential expenses – things like food, housing, health care, and taxes. But even if you’ve saved enough, over a long retirement your income may not keep pace with inflation. Watch below to see how Essential Income 7 Annuity can help address this common concern. Play Video Ready to learn more? Ask your financial professional how Essential Income 7 can complement your overall retirement strategy. You can also read further to learn more about how the product works. RightRight See how Essential Income 7 works Any distributions are subject to ordinary income tax and, if taken prior to age 59½, a 10% federal additional tax. Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America. • Not FDIC insured • May lose value • No bank or credit union guarantee • Not a deposit • Not insured by any federal government agency or NCUA/NCUSIF Products are issued by Allianz Life Insurance Company of North America, PO Box 59060, Minneapolis, MN 55459-0060. (C61892-02-MVA) In the state of New York, only Allianz Life Insurance Company of New York is authorized to offer annuities and life insurance. www.allianzlife.com/new-york Product and feature availability may vary by state and broker/dealer. PSEI7 Products Annuities Life Insurance About About Us Financial Ratings Newsroom Executives Careers Allianz Field Olympic and Paralympic Partnership Customer Service Contact Us FAQs Claims Log in Create Account Related Sites Allianz Group Allianz New York Allianz Life Ventures Allianz Investment Management LLC PIMCO True to our promises so you can be true to yours® Accessibility Policy Legal & Privacy © 2021 Allianz Life Insurance Company of North America. All rights reserved. We use cookies to make your online experience more convenient. For more information view our Privacy Policy. xx Dismiss