Independent Review of the Allianz Master Dex 10 Annuity – [Updated May 2018]
What’s Covered In This Review
In this review, we’ll cover the following information on the Allianz Master Dex 10 Annuity:
- Product Type
- Current Rates
- Realistic long-term return expectations
- How it is used
- How it is most poorly used
Annuities can be complex. That’s where having an Annuity Investigator who loves math comes in.
We make the complex, simple.
If you are thinking about the purchase of a financial vehicle that can provide you with index-linked growth and protection of principal, along with a lifetime income in retirement, then the Allianz Master Dex 10 fixed indexed annuity could be a viable option for you.
But, before you rush into purchasing this, or any other annuity, it can be extremely beneficial if you have a deeper understanding of how exactly the product works – as well as how it may or may not fit into your overall financial picture.
Over the past ten years or so, annuities have become much more popular, as they can provide a guaranteed income stream in retirement. Because of this increased popularity, the number of insurance and financial professionals who are offering them has also increased exponentially. However, this may not necessarily be a good thing.
Why? One reason is that, even though most financial advisors work hard to do what is right for their customers, they may not always be able to provide you with the in-depth information that is needed for making a well-informed annuity purchase. But knowing both the benefits and the drawbacks can be key in determining whether or not an annuity is right for you.
Also, due in large part to the growing popularity of annuity products, the list of different benefits that can be offered to them has expanded, which can actually make these offerings much more difficult to understand – even for well-educated consumers. With that in mind, it is important that you take the additional steps that are necessary in order to fully understand what it is that you’re buying. This is especially true because the purchase of an annuity could comprise a large chunk of your retirement savings.
Annuity and Retirement Income Planning Information That You Can Trust
If this is your very first visit here to our website, we would personally like to welcome you to AnnuityGator.com. We are a team of experienced financial professionals who are dedicated to offering in-depth, and unbiased, annuity reviews. We’ve been doing this for many years – much longer than our competitors – so we have become a trusted source of annuity information.
If you have been shopping for an annuity and you have been seeking more details about them online, then it is likely that you have run across some conflicting details about these financial vehicles. This, however, isn’t all that surprising because there are many annuities out there, as well as a long list of opinions about them.
It is possible that you may also have attended a seminar where you were offered a free lunch or dinner by the presenter in return for him or her discussing a particular annuity. In fact, because of attending that event, you may even have inadvertently landed here on our website in search of more in-depth details.
While there are many good websites online that are devoted to marketing their annuity offerings, some of these sites can have a way of luring visitors in so that you will provide them with your contact information. In fact, some of these annuity-related sites may even tout some pretty steep claims about their annuities like:
- Lowest fees
- Highest income payouts
- Top Rated Companies
- Quick Quotes
- Guaranteed Lifetime Income
Even though these claims may initially sound just great before you dive in and purchase an annuity, it is critical that you determine whether or not these claims are really true – just as you would do before purchasing any other high-ticket product or service. In doing so, though, you may find yourself swimming in a vast array of annuity “fine print” – which in turn, might make your quest for information even more cumbersome.
But, if you want to know more about the Allianz Master Dex 10 annuity, you are definitely in the right place. In fact, we dare say that the website you are on right now is the only place where you can find all of the key information on this annuity – which includes the benefits and the potential drawbacks. By including all of the information, though, you will be much better able to make a determination as to whether or not this product is right for you.
Often times, when insurance or financial reps are discussing fixed indexed annuities with their clients, they will paint a pretty picture of how the annuity offers them the opportunity to obtain index-linked growth and safety of principal. But, they may also – either intentionally or unintentionally – leave out certain details that may not make the annuity look so good.
If you are seriously considering the purchase of the Allianz Master Dex 10 fixed indexed annuity – or any other annuity product, for that matter – you need to know exactly what you’re getting into, as well as the reason why you are choosing one particular annuity over a myriad of other possible options.
Just to be completely clear, here, there can be a number great benefits to owning a fixed indexed annuity – as long as that annuity fits into your overall financial plan, and that it provides you with the opportunity to reach your ultimate retirement income goals. With that in mind, it is not only a smart move to know exactly what you are buying.
This annuity review is here to help you with better understanding all of the small print so that you can have a more clear idea as to whether or not the Allianz Master Dex 10 Annuity will be right for you.
So, if you are ready to dive in, then let’s go ahead and get started!
Allianz Master Dex 10 Annuity
|Product Name||Allianz Master Dex 10 Annuity|
|Type of Product||Fixed Indexed Annuity|
|Standard & Poor's Rating||AA|
|Phone Number||(800) 950-5872|
Opening Thoughts About the Allianz Master Dex 10 Fixed Indexed Annuity
With roughly 115 years of experience under its belt, Allianz has a long history of providing financial security to its customers and those who are counting on them. Its parent company, Allianz SE, also has a long list of accolades, including:
- The world’s 34th largest company
- The world’s 5th largest asset manager
Today, the company serves more than 85 million customers around the globe.
Allianz also continues to receive great ratings from the insurer rating agencies, which include a(n):
- AA (Very Strong) from Standard & Poor’s (as of December 2017)
- A+ (Superior) from A.M. Best (as of August 2017)
- A1 from Moody’s (as of October 2017)
Allianz Life Insurance Company has been in the business of offering wealth enhancing and protection products ever since 1890. Throughout the years, this company has become a key player in the insurance and annuity marketplace.
With approximately 82 million customers worldwide, Allianz has built up an extremely strong financial foundation, which has allowed it to quickly pay out policyholders’ claims, and to build up a strong financial foundation. Because of this, the company has received very high ratings from the insurer rating agencies. These include an A+ from A.M. Best, an AA from Standard & Poor’s, and an A2 from Moody’s. Allianz Life has also been an accredited member of the Better Business Bureau (BBB). The BBB has provided Allianz with an overall grade of A+ (which is on a grade scale of A+ to F).
Over the past decade, or so – and particularly since the economic recession of 2008 – the stock market in the U.S. has been extremely volatile. Because of this, annuities have become much more popular – with fixed indexed annuities leading the way. One of the biggest reasons for this is because these financial vehicles can provide you with the opportunity to get market index-linked returns, while at the same time keeping your principal safe, regardless of what is occurring in the stock market.
But, while this “best of both worlds” scenario can initially seem appealing, these benefits can also come at a cost. So, before you move forward with the purchase of an annuity, be sure that you check out all of the details as, once you have purchased an annuity, it could be quite an ordeal to get yourself out of it.
For additional information on how to compare fixed annuities so that you can decide which may be the best on for you, click here in order to obtain our free annuity report.
Before getting into the nitty-gritty details, here are some necessary legal disclosures…..
This is an independent annuity product review. It is not a recommendation to purchase or to sell an annuity. Allianz Life Insurance Company has not endorsed this review in any way, nor do we receive any type of compensation for providing this review. This annuity review is meant solely to be an independent review at the request of our readers so that they may see our perspective when breaking down the positives and the negatives of this particular annuity. Prior to committing to the purchase of any type of insurance and/or investment vehicle, it is critical that you do your own due diligence, and that you also talk with a properly licensed professional if you have any questions that relate to your specific situation. All of the names, materials, and marks that have been used in compiling this annuity review are the property of their respective owners.
For additional information on how to compare fixed annuities so that you can decide which may be the best one for you, click here in order to obtain our free annuity report.
How Allianz Life Insurance Company Describes the Master Dex 10 Annuity
In the Master Dex 10 annuity brochure, this product is described as a powerful tool to help you with reaching your financial goals. It can do so through the following benefits:
- A 10 percent bonus on the premium that is received for five years
- Safety of your principal – regardless of what occurs in the market
- Gains that are locked in each year – which in turn, can eliminate market index risk due to losses in the underlying index
This annuity can also allow you to continue receiving index growth while you are taking your income payments.
How a Financial Advisor Might “Pitch” this Annuity
The Allianz Master Dex 10 is a fixed indexed annuity product that can help you with building up your retirement savings through the potential market-linked return, as well as protection of principal. As with other types of annuities, this product can also provide you with the tax-deferred growth of the funds in your account, as well as an ongoing lifetime income in retirement – so you can be assured that you’ll have income cash flow for the remainder of your life.
This product is a flexible premium, point-to-point equity index annuity that offers a 10% premium bonus, retirement income features, and a choice of fixed interest and/or index earnings tied to changes in the S&P 500 and Nasdaq 100 indices.
If you have been approached by an insurance or financial advisor about purchasing the Allianz Master Dex 10 annuity, it is likely that he or she has focused on certain benefits of the annuity such as the guaranteed lifetime income it can provide, as well as the potential for a nice return.
In fact, just by looking at the points above about the features of this annuity, you may have started to think that it is the ideal product for you. However, the truth is that if it is a commissioned sales person who is talking to you about this product, then they are oftentimes much more apt to focus on the positives, but leaving out the annuity’s possible drawbacks. These, however, should also be considered when you are making a decision about a product that could require you to deposit a large percentage of your retirement savings.
Therefore, before you make this long-term commitment, we will touch here on some of the Allianz Master Dex 10 annuity’s “fine print.” In this case, right off the bat, the sales brochure for this product can be quite telling. For example, with regard to the 10 percent premium bonus that can be obtained in the first five years, the “fine print” will provide a list of “what ifs”, such as, “if the policy is annuitized prior to the sixth year, if annuity payments are taken for less than 10 years, or if the policy is surrendered for cash at any time, then the bonus will be forfeited, the index adjustments will be lost, a 12.5% charge will be applied and a rate of interest of 1.5% will be credited from the inception of the policy”. This alone paints a vastly different picture from the rosy bullet points above.
Also, as with other fixed indexed annuities, even though you have the opportunity to earn a nice, index-linked return, this return will actually be capped at a certain amount. This means that if the underlying index has a stellar performance in a given year, you will only be able to receive a portion of it – up to the annuity’s stated cap rate.
With that information in mind, if you are not yet completely certain as to whether or not the Allianz Life Master Dex 10 Annuity is right for you, and you also would like to get answers to additional questions or concerns that you may have, please feel free to reach out to us right here via our secure contact form.
We know that annuities can be somewhat confusing – and particularly those that have a number of added “bells and whistles” like the Master Dex 10 Annuity. This can be the case, even for well-educated consumers – and even for some seasoned financial advisors. However, when you are attempting to decide what you want to do with a substantial sum of your long-term retirement savings, then it is essential that you know just exactly what it is that you’re getting into.
If you would like to have any additional information, along with more assurance that you know what it is that you are really purchasing, then click here so that you have instant access to our free report on what you need to know prior to purchasing an annuity.
Knowing how an insurance or financial advisor is being paid can also help you to determine just how hard they may push you to purchase this annuity. After all, anytime someone is being paid solely on commission, knowing how – and how well – they will eat going forward can certainly make a difference.
In the case of the Allianz Masterdex 10 annuity commission schedule, the numbers can be all over the board. But advisor commissions here can range in Year 1 anywhere between 4.5% and 9% for purchasers who are age 75 and under, and from 2.5% to 7% if you’re between the ages of 76 and 85 when you initially purchase this annuity.
Then there are the “trailing” commissions in year 2 and beyond. These will typically hover around the 1% mark. Although depending on which product option you choose, at your age at the time of purchase, there could be trailing commissions of between 0.50% and 3.50%.
What About the Fees Associated with the Allianz Master Dex 10 Annuity?
In addition to having a good understanding of how your money may perform in an annuity, it is essential that you also know where your money may be “leaking out” in terms of various charges and fees.
In fact, in many cases, the fees that are assessed to you in an annuity can really add up. This is because fees on a fixed indexed annuity product may be charged to you both during the annuity’s accumulation phase, as well as after you have converted your annuity into an income stream. Because of this, annuity fees can essentially play a big part in how much money you are able to build up, and the amount of income that you will ultimately receive in retirement.
While this particular annuity does not charge an upfront sales commission, you could lose money in other ways. For example, if you wish to withdraw some or all of your funds from the annuity during the first several years that you have it, you are also going to be charged a surrender fee. The surrender charges on the Allianz Master Dex 10 Annuity run for five full contract years.
The Annuity Gator’s End Take on the Allianz Master Dex 10 Fixed Indexed Annuity
Where it works best:
This annuity may work the best if you are looking for:
- Safety of your principal – regardless of what occurs in the market
- The opportunity for index-linked growth
- Guaranteed lifetime income in retirement
Where it works the worst:
The Allianz Life Master Dex 10 Fixed Indexed Annuity may not be an ideal fit for you if you:
- Want penalty-free access to most or all of your money within the first five years of purchasing the annuity
- Do not intend to use the lifetime income feature of the annuity
In order to truly get an idea of whether or not a fixed indexed annuity such as the Allianz Master Dex 10 is right for you, click here so that you can access our free annuity buyer’s report.
There are a number of important factors that you need to consider before you make a commitment to buying an annuity. First off, in any case, purchasing an annuity should always be considered a long-term endeavor. So, given the large commitment of both time and money, you need to feel confident about how the product will truly help you in meeting your specific financial goals.
When you are thinking about the purchase of a fixed indexed annuity, you can be assured that your principal will be safe from a volatile stock market. You can also set up the annuity to provide you with a lifetime stream of income in retirement. Because of that, you can also be secure in that you will have some income coming in for the remainder of your retirement years.
When it comes to the Allianz Life Insurance Company’s Master Dex 10 fixed indexed annuity, then, there can be some nice benefits. However, this annuity could still fall short, and quite frankly, there could be some better annuity alternatives available for you – especially if you are looking for the opportunity to obtain growth, along with a stream of lifetime retirement income.
If you still have any questions that have not yet been answered in this review about the Allianz Life Master Dex 10 Annuity, and/or if you would like to get some additional assistance with how to best determine whether or not an annuity is right for you, then feel free to reach out to us directly through our secure contact form here.
Have Any Additional Questions on the Allianz Life Master Dex 10 Annuity? Did You Happen to Notice Any Mistakes in this Review?
We know that the review of the Allianz Master Dex 10 fixed indexed annuity was somewhat long – so we appreciate you sticking with us through it all. In providing these annuity reviews, though, our thoughts are that it is much better to provide a lot of key information rather than just a little. With that in mind, if you found this annuity review to be helpful, please feel free to share it with anybody else you feel may also get value from it.
In addition, we also realize that the information about annuities can – and often does – change. Therefore, if you happened to notice if there were any details within this review that should be revised, please let us know that too, and we will be glad to make the necessary updates to it.
Likewise, if this review caused you to have more confusion about how annuities work – particularly fixed indexed annuities – then please click here and let us know if you have any additional questions regarding the Allianz Life Master Dex 10 product.
Are there any other annuities that you would like to see reviewed?
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