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Fixed Indexed Annuity

Core Income 7

Allianz

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4%

Best S&P 500 Annual Cap

10%

Free W/D

50

Jurisdictions

Product data status: July 13, 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 Core Income 7 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 July 13, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$150,696
Est. value at age 80 (Core Income 7)
4%
Best S&P 500 1-yr point-to-point cap
Bloomberg US Dynamic Balance Index II — 3.75% Cap (Annual)
✦
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 Core Income 7's published cap rate (3.75% on Bloomberg US Dynamic Balance Index II) to a calibrated proprietary/volatility-controlled hypothetical index path (~1.9%/yr average, including down years) with a 0% floor over 20 years. Not a projection, quote, or guarantee. Live CANNEX rates as of July 13, 2026.

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See how Core Income 7 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 Core Income 7

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

Live product data

Rates as of July 13, 2026, based on the latest AdvisorWorld scan of CANNEX data.

Current crediting strategy detail

4% cap on S&P 500

Core Income 7 is currently shown with live FIA crediting and contract facts available, but the live ProductDetail response does not publish source-backed PIV/lifetime-income mechanics for the age-60/year-10 audit scenario; treat income specifics as unavailable until source-backed rider data appears.

1-year term7-year surrenderAdvisorWorld + CANNEX data

Best fit

Buyers and advisors comparing Core Income 7's live crediting menu, surrender structure, ratings, and state availability while treating PIV/lifetime-income specifics as unavailable unless a carrier illustration or source-backed CANNEX rider response supplies them.

AM Best

A+ Superior

Surrender period

7 years

Free withdrawal

10%/yr

Availability

50 jurisdictions (excl. New York)

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

4% cap rate

Annual cap

1-year term · 7-year surrender · Premium band not shown

Nasdaq-100

Nasdaq-100 Index

4.25% cap rate

Annual cap

1-year term · 7-year surrender · Premium band not shown

Fixed Account

Fixed Account

2.6% declared rate

Fixed account

1-year term · 7-year surrender · Premium band not shown

+ 5 additional crediting options (Bloomberg US, Russell 2000...)

Lifetime Income Riders

Income rider

Core Income Benefit - Income

RMD friendly
Lifetime payout rate6.8% lifetime payout
Annual rider fee1.25% annual rider fee

Income rider

Core Income Benefit - Increasing Income

Lifetime payout rate5.9% lifetime payout
Annual rider fee1.25% annual rider fee

Product analyst notes

How to think about this contract

Why it can stand out

  • Surrender period runs seven years rather than the ten-year ladder Allianz uses on its longer-deferral FIAs, so the lockup commitment here is meaningfully shorter than the carrier's accumulation-led contracts.
  • Crediting menu spans recognizable annual cap strategies on the S&P 500, Nasdaq-100, and Russell 2000, so a buyer gets like-for-like comparability against other FIAs across three different equity benchmarks in one contract.
  • Includes a two-year crediting term on a volatility-controlled index strategy at a participation rate above 100%, giving buyers a higher-participation longer-look option alongside the one-year cap strategies.
  • Carrier financial strength is rated by three agencies — A.M. Best, Moody's, and Standard & Poor's all publish current ratings on Allianz Life — so the strength view on this page is triangulated rather than single-sourced.
  • Free-withdrawal allowance, the full seven-year surrender ladder, the market-value-adjustment flag, and the nursing-home waiver are all visible on this page rather than buried in a brochure.

What to confirm

  • Do not quote a PIV withdrawal rate, equivalent income base, or lifetime-income formula from this page while source-backed PIV mechanics are absent from the live ProductDetail response.
  • Allianz also issues an Essential Income 7 on the same seven-year surrender chassis. The two contracts share the surrender ladder, free-withdrawal allowance, and waiver structure, but Essential Income 7 carries a leaner index menu — confirm with the carrier which contract the illustration is built against before signing.
  • Several of the index options are proprietary, volatility-controlled excess-return indexes (Bloomberg US Dynamic Balance Index II, Bloomberg US Dynamic Balance II ER). Their participation rates can look high in absolute terms but are not directly comparable to an S&P 500 cap — evaluate each on its own historical and forward characteristics.
  • A market value adjustment applies on surrenders above the free-withdrawal allowance, which can move the actual amount received up or down with interest rates — confirm with the carrier how the MVA is computed before any planned partial surrender.
  • Minimum-premium and issue-age bounds are not consistently shown on this page — confirm contract minimums and eligibility, along with the maximum annuitization age, with the carrier before purchase.

Not ideal for

Buyers who need a quoted PIV withdrawal rate, equivalent income-base growth methodology, or lifetime-income formula directly from this page; those require a carrier illustration or source-backed CANNEX income mechanics.

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See how Core Income 7 compares for your age, state, premium, and income goals alongside other Allianz fixed indexed annuity options.

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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: 100% + Spread: 4.25% · 1-yr

Bloomberg US Dynamic Balance Index II

participation

7-yr surrender

Par: 90% · 1-yr

Bloomberg US Dynamic Balance II ER Index

participation

7-yr surrender

Cap: 4.25% · 1-yr

Nasdaq-100 Index

cap

7-yr surrender

Cap: 4.25% · 1-yr

Russell 2000 Index

cap

7-yr surrender

Cap: 4% · 1-yr

S&P 500 Index

cap

7-yr surrender

Cap: 3.75% · 1-yr

Bloomberg US Dynamic Balance Index II

cap

7-yr surrender

Fixed: 2.6% · 1-yr

Fixed Account

fixed

7-yr surrender

Par: 135% · 2-yr

Bloomberg US Dynamic Balance II ER Index

participation

7-yr surrender

Income riders

Income rider

Core Income Benefit - Level Income

RMD friendly
Lifetime withdrawal rate6.8%
Annual rider fee1.25%
Deferral assumed10 years
Issue age50 — 120

GLWB

Income rider

Core Income Benefit - Increasing Income

Lifetime withdrawal rate5.9%
Annual rider fee1.25%
Deferral assumed10 years

GLWB

Linked review

Core Income 7 review notes

Discover the features, benefits, and drawbacks of the Allianz Core Income 7 Fixed Index Annuity. Is it worth considering for your retirement?

4.5/5Read review
Nikhil Bhauwala

Common questions about Core Income 7

● Can I lose money in Core Income 7?

A negative index return by itself does not reduce the contract's account value: Core Income 7 credits 0% — the floor — for that indexed period. The account value can still decrease from applicable rider fees, Performance Rate Rider or other strategy charges, administrative charges, withdrawals, surrender charges, or other contract-specific deductions. In years with no credited interest, those deductions can reduce the account value. 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 Core Income Benefit - Level Income income rider worth the 1.25% fee?

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 6.8% 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 7 years; after that you reach full liquidity. The Liquidity tab of the analyzer shows the year-by-year surrender charge.

● How do Core Income 7's crediting strategies compare?

Use "Compare against" in the analyzer to overlay another current Core Income 7 strategy on the same premium, age, years, and hypothetical index path. The control labels the strategy type, rate, index, and context so caps, participation rates, triggers, spreads, and fixed-account choices are not treated as interchangeable.

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.

Cap-rate floor

0.25%

Minimum guaranteed cap for cap-based indexed strategies.

Fixed account guarantee

0.10%

Guaranteed minimum interest rate for the fixed account.

Participation-rate floor

5.00%

Minimum guaranteed participation rate for participation-rate indexed strategies.

Maximum spread

12.00%

Maximum spread: 12.00%

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

8.5%

Yr 2

8%

Yr 3

7%

Yr 4

6%

Yr 5

5%

Yr 6

4%

Yr 7

3%

After

0%

Nursing home waiver, Surrender waivers

Documents

product guide

CB95374-2.pdf

Confidence: highReviewed Apr 1, 2026

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

Carrier Ratings

AM BestA+
Moody'sAa3
S&PAA

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

Core Income 7 currently shows 8 indexed or fixed crediting options, including S&P 500 Index, Nasdaq-100 Index, and Fixed Account, with 5 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, renewal terms, and fee-bearing rider variants are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 4% annual cap
  • Nasdaq-100 Index: 4.25% annual cap
  • Fixed Account: 2.6% fixed account rate

Income rider language

What to look for before treating the rider as income

Core Income Benefit - Level Income 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.

  • 6.8% withdrawal rate
  • 1.25% rider fee
  • 10 deferral years
  • RMD friendly

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
  • 7 surrender years
  • Nursing home waiver

Verification note

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

Carrier materials such as CB95374-2.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 Core Income 7 compares for your age, state, premium, and income goals alongside other Allianz fixed indexed annuity options.

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