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Reviews · FIA

Allianz Benefit Control

A fixed indexed annuity with an income rider designed to let the contract owner choose between a higher initial income or a higher death benefit during the deferral period.

Carrier
Product type
FIA
A.M. Best
A+
Last reviewed
2026-05-10

Positioning

FIA emphasizing flexibility in how the income vs death benefit balance is configured. Targeted to consumers undecided on income start timing.

Contract terms at a glance

Surrender period
10 years
Free withdrawal
10% of contract value per year starting in year 2
Premium minimum
$20,000
Premium maximum
Per carrier underwriting

Crediting methods available

  • Annual point-to-point
  • Monthly sum

See How fixed indexed annuities work for how each method works.

Riders

  • Income benefit rider (embedded)
  • Death benefit rider

Best fit

  • Consumers wanting to defer the income vs death benefit decision
  • Mid-deferral planning where flexibility matters more than maximizing one variable

What to watch for

  • Choosing the income lever reduces the death benefit value and vice versa
  • The rider fee is deducted annually regardless of which lever is active
Verify on the carrier rate card

Cap rates, participation rates, rider charges, and surrender schedules change frequently. Before purchase, request and verify the following from the carrier or producer:

  • Current rider fee level
  • Benefit base growth rate during the deferral period
  • Cap rates and participation rates per crediting strategy
  • How the death benefit is calculated under each configuration

How to verify and source current information

  • Current rate card and product brochure: Allianz Life direct or through a licensed independent producer.
  • Statement of understanding (annuity contract disclosure document).
  • For variable and indexed variable annuities: the SEC-registered prospectus (search EDGAR).
  • Carrier financial strength ratings: A.M. Best, S&P Global Ratings, Moody's, Fitch.
  • NAIC carrier search and statutory filings: content.naic.org.
  • IRS Publication 575 (Pension and Annuity Income) for taxation: IRS Pub 575.
Compliance note

AnnuityMatchPro does not endorse, recommend, or sell the Allianz Benefit Control. This review is informational. Product features, surrender schedules, caps, participation rates, and rider charges vary by issue date, state, and underwriting. Confirm specific terms with the carrier or a licensed advisor before purchase. AnnuityMatchPro is not a registered investment adviser and is not a licensed insurance agency.

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