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Fixed Indexed Annuity

Allianz Benefit Control

Allianz

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4.5%

Best Cap

10%

Free W/D

Oregon

Only state

Product data status: June 27, 2026

Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.

Model this product

See what Allianz Benefit Control would do for you

Set your numbers and switch between growth, income, and liquidity. Index losses credit 0% — the floor — so a down market never reduces your value.

Product analyzer
Illustrative — live CANNEX rates as of June 27, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$207,307
Est. value at age 80 (Allianz Benefit Control)
0%
Floor — index losses never reduce value
Allianz Benefit Control
✦
How crediting works: the cap limits positive index returns; a down year credits 0%, never a loss. A cap strategy tracks the index within its terms. What is a cap vs participation? →
Assumptions: illustrative — applies Allianz Benefit Control's published cap rate (4.5% on S&P 500 Index) to a hypothetical index path (~5.4%/yr average, including down years) with a 0% floor over 20 years. Not a projection, quote, or guarantee. Live CANNEX rates as of June 27, 2026.

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See how Allianz Benefit Control compares for your age, state, premium, and income goals alongside other Allianz fixed indexed annuity options.

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Live rate data

Run live numbers for Allianz Benefit Control

Current rates, riders, crediting strategies, state availability, and contract facts stay scoped to this Allianz product.

Live product data

Rates as of June 27, 2026, based on the latest AdvisorWorld scan of CANNEX data.

S&P 500 cap rate (PIV chassis)

4.5% cap on S&P 500

A long-surrender, A-rated fixed indexed annuity built around a recognizable S&P 500 cap plus a broader-than-usual lineup of proprietary participation-rate strategies, with lifetime income delivered through Allianz's Protected Income Value framework — the 'Benefit Control' chassis — rather than an optional GLWB rider.

Built-in income — no rider feeAnnual creditingAdvisorWorld + CANNEX data

Best fit

Buyers committing to a long deferral who want lifetime income delivered through the contract's Protected Income Value framework rather than a separately-elected GLWB rider, with recognizable S&P 500 cap exposure alongside a wide menu of proprietary participation-rate strategies from a large A-rated carrier.

AM Best

A+ Superior

Surrender period

10 years

Free withdrawal

10%/yr

Availability

Oregon only

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

4.5% cap rate

1-year term · 10-year surrender · Premium band not shown

S&P 500

S&P 500 Index

1.5% cap rate

1-year term · 10-year surrender · Premium band not shown

Fixed Account

Fixed Account

2.5% declared rate

1-year term · 10-year surrender · Premium band not shown

+ 5 additional crediting options (Bloomberg US, PIMCO, 2-Year MY...)
View rate listings (8 rows)

These are the current crediting strategy listings returned for this product. Use the filters to narrow by index, term, premium band, or rate type.

Par: 75% · 1-yr

Bloomberg US Dynamic Balance II ER Index

participation

10-yr surrender

Par: 70% · 1-yr

PIMCO Tactical Balanced ER Index

participation

10-yr surrender

Cap: 4.5% · 1-yr

S&P 500 Index

cap

10-yr surrender

Fixed: 2.5% · 1-yr

Fixed Account

fixed

10-yr surrender

Cap: 1.5% · 1-yr

S&P 500 Index

monthly_sum_cap

10-yr surrender

Par: 90% · 1-yr

BlackRock iBLD Claria II Excess Return Index

participation

10-yr surrender

Rate not shown · 2-yr

2-Year MY Point-to-Point with Participation Rate

2-Year MY Point-to-Point with Participation Rate · unknown

10-yr surrender

Rate not shown · 5-yr

5-Year MY Point-to-Point with Participation Rate

5-Year MY Point-to-Point with Participation Rate · unknown

10-yr surrender

Lifetime Income Riders

Income rider

GLWB (Accelerated PIV Interest Bonus)

Lifetime payout rate4.7% lifetime payout
Interest multiplier2.5x interest multiplier

Income rider

GLWB (Balanced PIV Interest Bonus)

Lifetime payout rate4.7% lifetime payout
Interest multiplier1.5x interest multiplier

Product analyst notes

How to think about this contract

Why it can stand out

  • Crediting menu includes a recognizable S&P 500 annual point-to-point cap, so this contract gives a buyer at least one like-for-like comparison point against other FIAs on this site rather than only proprietary participation strategies.
  • The proprietary index lineup is broad for a single-state filing — Bloomberg US Dynamic Balance II ER, PIMCO Tactical Balanced ER, and BlackRock iBLD Claria II ER all appear on this page, so the buyer has multiple volatility-controlled options to evaluate against the S&P cap.
  • Both an annual point-to-point cap and a monthly-sum cap on the S&P 500 are offered on the same contract, so a buyer who wants a single index but two different crediting cadences can hold both inside one allocation.
  • Free-withdrawal allowance, the full surrender ladder, the market-value-adjustment flag, and the nursing-home waiver are visible directly on this page rather than gated behind a sales brochure.
  • Allianz Life is A-rated by A.M. Best, so the carrier strength view on this page is from a recognized agency.

What to confirm

  • This is NOT a GLWB-rider product despite the 'Benefit Control' name. Allianz delivers the lifetime-income guarantee through its Protected Income Value (PIV) framework — a separate income-tracking value built into the contract structure — rather than through an optional GLWB rider with a published withdrawal-rate column. The income guarantee IS the design; do not compare its lifetime payout side-by-side with a rider-led product without accounting for the mechanic difference (PIV is a tracked income value with deferral rules, not an account-value withdrawal rate).
  • One of the participation-rate index strategies carries a published strategy fee that is deducted regardless of index performance. A high participation rate on a fee-bearing strategy is not directly comparable to a no-fee strategy at the same headline rate — read the fee column on the strategy table before reading the participation number.
  • Most of the index options are proprietary volatility-controlled excess-return indexes. Their participation rates can look high in absolute terms but are not directly comparable to an S&P 500 cap, and several have shorter live-track histories than the S&P 500 itself — evaluate each on its own merits.
  • Surrender lockup runs ten years with a market-value adjustment on amounts above the free-withdrawal allowance. This is a long-deferral commitment with interest-rate sensitivity on early exits — confirm with the carrier how the MVA is computed before any planned partial surrender.
  • The standard death benefit on this contract pays cash surrender value, not account value or a rolled-up income base — heirs receive what a buyer would receive on a non-penalty surrender, which can be materially lower than an account-value-based death benefit on a competing contract.

Not ideal for

Buyers who need a contractually published GLWB withdrawal-rate rider (this contract delivers income through PIV, not a rider), want a plain MYGA-style declared rate, need short-surrender liquidity, or require an account-value-based death benefit — none of those are what this contract is built to deliver.

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All crediting strategies

View rate listings (8 rows)

These are the current crediting strategy listings returned for this product. Use the filters to narrow by index, term, premium band, or rate type.

Par: 75% · 1-yr

Bloomberg US Dynamic Balance II ER Index

participation

10-yr surrender

Par: 70% · 1-yr

PIMCO Tactical Balanced ER Index

participation

10-yr surrender

Cap: 4.5% · 1-yr

S&P 500 Index

cap

10-yr surrender

Fixed: 2.5% · 1-yr

Fixed Account

fixed

10-yr surrender

Cap: 1.5% · 1-yr

S&P 500 Index

monthly_sum_cap

10-yr surrender

Par: 90% · 1-yr

BlackRock iBLD Claria II Excess Return Index

participation

10-yr surrender

Rate not shown · 2-yr

2-Year MY Point-to-Point with Participation Rate

2-Year MY Point-to-Point with Participation Rate · unknown

10-yr surrender

Rate not shown · 5-yr

5-Year MY Point-to-Point with Participation Rate

5-Year MY Point-to-Point with Participation Rate · unknown

10-yr surrender

Income riders

Income rider

GLWB (Accelerated PIV Interest Bonus)

Lifetime withdrawal rate4.7%
Annual rider feeNot shown
Withdrawal-base growth2.5× multiplier

GLWB

Income rider

GLWB (Balanced PIV Interest Bonus)

Lifetime withdrawal rate4.7%
Annual rider feeNot shown
Withdrawal-base growth1.5× multiplier

GLWB

Linked review

Allianz Benefit Control review notes

Explore the Allianz Benefit Control Fixed Indexed Annuity, its unique features, pros, and cons, helping you make an informed decision.

4/5Read review
Nikhil Bhauwala

Common questions about Allianz Benefit Control

● Can I lose money in Allianz Benefit Control?

In a year the index falls, Allianz Benefit Control credits 0% — the floor — so your account value does not drop from market losses. Up to 10% of your value can be withdrawn each year without a charge; withdrawals above the penalty-free amount during the surrender period can incur a surrender charge.

● Is the GLWB (Accelerated PIV Interest Bonus) income rider worth it?

It depends on whether you will use the guaranteed income. If you are accumulating only, you can skip it. If you want guaranteed lifetime income later, the 4.7% withdrawal rate can make it worthwhile — model it in the Income tab of the analyzer above.

● When can I access my money without a surrender charge?

Up to 10% of your account value each year is penalty-free. The surrender period runs 10 years; after that you reach full liquidity. The Liquidity tab of the analyzer shows the year-by-year surrender charge.

● How does Allianz Benefit Control compare to other FIAs?

Use "Compare against" in the analyzer to overlay Allianz Benefit Control with a competing product on the same growth path and see a side-by-side spec row. The better fit depends on your goal — accumulation, income, or liquidity — and the comparison shows where each product leads.

Key Features

Free withdrawal

10%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Surrender waivers

1

Nursing home waiver

Death benefit

Standard Death Benefit

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Strategy guarantee

Minimum guaranteed cap: 0.25%

Strategy guarantee

Guaranteed minimum interest rate (fixed): 0.10%

Strategy guarantee

Minimum guaranteed participation: 5.00%

Annuitization options

Single and joint

Contract conversion options should be confirmed before purchase.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

9.3%

Yr 2

9.3%

Yr 3

8.3%

Yr 4

7.3%

Yr 5

6.25%

Yr 6

5.25%

Yr 7

4.2%

Yr 8

3.15%

Yr 9

2.1%

Yr 10

1.05%

After

0%

Nursing home waiver, Surrender waivers

Documents

brochure

Allianz Benefit Control.pdf

Confidence: highReviewed Apr 2, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestA+
S&PAa3
S&PAA

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

Allianz Benefit Control currently shows 8 distinct indexed or fixed crediting choices across 23 current rate listings, including S&P 500 Index and Fixed Account, with 5 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, and renewal terms are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 4.5% cap
  • S&P 500 Index: 1.5% cap
  • Fixed Account: 2.5% fixed

Income rider language

What to look for before treating the rider as income

GLWB (Accelerated PIV Interest Bonus) is the main income-rider entry returned for this product. Rider terms can affect the tradeoff between future lifetime withdrawals, contract value, beneficiary value, and cost, so the exact state version and rider election should be confirmed before comparing it to annuitization or income-only contracts.

  • 4.7% withdrawal rate

Liquidity terms

Why access rules deserve as much attention as rates

A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.

  • 10%/yr free withdrawal
  • 10 surrender years
  • Nursing home waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

Carrier materials such as Allianz Benefit Control.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 8, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.

  • Rates and rider terms can vary by state and issue age
  • Carrier guarantees depend on claims-paying ability
  • Current contract forms should be confirmed before purchase

Free Comparison Report

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See how Allianz Benefit Control compares for your age, state, premium, and income goals alongside other Allianz fixed indexed annuity options.

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