Guaranteed Bonus and Exclusive Barclays Index
Offer More Opportunity and Flexibility
Allianz Life Insurance Company of North America (Allianz Life®)
today announced enhancements to both the Allianz Life Pro+® Fixed
Index Universal Life Insurance (FIUL) Policy and Allianz Life Pro+
SurvivorSM Fixed Index Universal Life Insurance (FIUL) Policy.
In addition to helping agents provide income-tax-free death benefit
protection for beneficiaries, these FIUL policies now offer a
guaranteed accumulation bonus and the opportunity for clients to
allocate to the new, exclusive Barclays US Dynamic Balance Index II
and take advantage of Allianz Life’s dynamic in-house hedging
capabilities.
The guaranteed accumulation bonus provides a 0.6% annual bonus
to the accumulation value on all new policies starting in years
11+, offering more opportunity to build the cash value of the
policy. The new Barclays US Dynamic Balance Index II is comprised
of the Barclays US Aggregate RBI® Series 1 Index and the S&P
500® Index and shifts weighting daily, up to 3%, between them based
on realized market volatility. The Barclays US Aggregate RBI®
Series 1 Index is comprised of a portfolio of derivative
instruments plus cash that are designed to track the Barclays US
Aggregate Bond Index. The new Barclays US Dynamic Balance Index II,
available with annual point-to-point interest crediting, provides
customers with increased flexibility to diversify their policy’s
asset allocation strategy to help meet their desired goals.
“In addition to providing important death benefit protection,
the latest enhancements to our FIUL policies continue to make them
competitive and able to address the demands of varied financial
conditions facing today’s consumers,” said Jason Wellmann, senior
vice president of Life Insurance Sales for Allianz Life. “We’re
confident these unique benefits continue to make these products
attractive options for consumers’ life insurance needs.”
In addition to these product enhancements, Allianz Life Pro+ now
offers a lower standard loan rate of net 1% to newly issued
policies on any available cash value income-tax-free via policy
loans or withdrawals.1 The death benefit, which is provided
income-tax-free to beneficiaries, can address needs that may
include income replacement, a college funding strategy, paying down
a mortgage or other debts, estate tax coverage, final expenses, and
business succession.
Launched in 2011, some advantages of Allianz Life Pro+
include:
- Tax advantages, including
income-tax-free death benefit to beneficiaries, potential to build
cash value on a tax-deferred basis, and policy loans from any
available cash value that are income-tax-free while the policy
remains in force.1
- Chronic Illness Accelerated Benefit
Rider2 – Clients can accelerate a portion of their death benefit if
they become chronically ill or cognitively impaired (under specific
criteria). This feature is included with the policy at issue, and
can help clients prepare financially should they become chronically
ill.
- Premium Deposit Fund (PDF) Rider –
Allows clients to fund the PDF Rider with a single lump sum amount
with annual planned premiums automatically transferred from the PDF
Rider to the life insurance policy.3
- Optional Inflation Protection Rider
that can help loan amounts address the effects of inflation, which
is available at an additional cost at the time it is exercised.
There is no additional cost if the Inflation Protection Rider is
not exercised.
- Cash value accumulation potential that
can earn interest based on a variety of index allocations that
include the S&P 500® Index, an exclusive blended index, and the
Barclays US Dynamic Balance Index II for newly issued policies. A
fixed interest allocation is also available. With the built-in
annual reset feature, any indexed interest credited is locked in
and can never be lost due to market volatility, meaning the
policy’s cash value is guaranteed to never decrease due to negative
index changes. Certain fees and expenses will reduce cash
value.
- Policy loans and withdrawals1 –
including a low 5% guaranteed indexed loan interest rate – that can
help supplement retirement income, supplemental college funding,
financial emergencies, or business succession planning and more.
The 5% indexed loan rate is guaranteed, and among some of the most
competitive indexed loan rates available within the life insurance
industry.
Keep in mind that most life insurance policies require health
underwriting and financial underwriting. Life insurance involves
certain fees and expenses. Individuals should discuss with their
financial professional whether a life insurance policy meets their
needs.
No single index or crediting method produces the best results in
all market conditions. Although an external index may affect the
interest credited, the policy does not directly participate in any
equity or fixed income investments. Clients are not buying shares
in an index.
For more information about Allianz Life Pro+ and Allianz Life
Pro+ Survivor, visit www.allianzlife.com.
1 Policy loans and withdrawals will reduce available cash values
and death benefits, and may cause the policy to lapse or affect any
guarantees against lapse. Additional premium payments may be
required to keep the policy in force. In the event of a lapse,
outstanding policy loans in excess of unrecovered cost basis will
be subject to ordinary income tax. Tax laws are subject to change.
You should consult a tax professional.
2 Subject to certain age and underwriting requirements, and
available at an additional cost at the time the rider is exercised.
Not available in all states.
3 Minimum number of planned premium transfers is three, and the
maximum number of premium transfers is 10.
Guarantees are backed by the financial strength and
claims-paying ability of the issuing company.
Contract P54350 is issued by Allianz Life Insurance Company of
North America. Product and feature availability may vary by
state.
The S&P 500® Index is comprised of 500 stocks representing
major U.S. industrial sectors. The Dow Jones Industrial Average is
a popular indicator of the stock market based on the average
closing prices of 30 active U.S. stocks representative of the
overall economy. S&P® is a registered trademark of Standard
& Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a
registered trademark of Dow Jones Trademark Holdings LLC (“Dow
Jones”). These trademarks have been licensed for use by S&P Dow
Jones Indices LLC and its affiliates. S&P® and S&P 500® are
trademarks of S&P and Dow Jones®, Dow Jones Industrial
Average℠, DJIA and The Dow are trademarks of Dow Jones. These
trademarks have been sublicensed for certain purposes by Allianz
Life Insurance Company of North America (“Allianz”). The S&P
500 and Dow Jones Industrial Average (DJIA) are products of S&P
Dow Jones Indices LLC and/or its affiliates and have been licensed
for use by Allianz. Allianz products are not sponsored, endorsed,
sold, or promoted by S&P Dow Jones Indices LLC, Dow Jones,
S&P, or their respective affiliates and neither S&P Dow
Jones Indices LLC, Dow Jones, S&P, or their respective
affiliates make any representation regarding the advisability of
investing in such product.
The Barclays US Dynamic Balance Index II is comprised of the
Barclays US Aggregate RBI® Series 1 Index and the S&P 500®
Index and shifts weighting daily, up to 3%, between them based on
realized market volatility. The Barclays US Aggregate RBI® Series 1
Index is comprised of a portfolio of derivative instruments plus
cash that are designed to track the Barclays US Aggregate Bond
Index. The Barclays US Aggregate Bond Index is comprised of
Barclays US investment-grade, fixed-rate bond market securities,
including government agency, corporate, and mortgage-backed
securities. Barclays Risk Analytics and Index Solutions Limited and
its affiliates ("Barclays") is not the issuer or producer of any
Allianz products and Barclays has no responsibilities, obligations
or duties to investors in respect of the Barclays US Aggregate Bond
Index, the Barclays US Aggregate RBI® Series 1 Index or the
Barclays US Dynamic Balance Index II. The Barclays US Aggregate
Bond Index, the Barclays US Aggregate RBI® Series 1 and the
Barclays US Dynamic Balance Index II are trademarks owned by
Barclays, and the Barclays US Aggregate Bond Index and the Barclays
US Dynamic Balance Index II are licensed for use by Allianz Life
Insurance Company of North America as the Issuer of the Allianz
product. While Allianz may for itself execute transaction(s) with
Barclays in or relating to the Barclays US Aggregate Bond Index,
the Barclays US Aggregate RBI® Series 1 Index or the Barclays US
Dynamic Balance Index II with Allianz products, investors acquire
Allianz products from Allianz Life Insurance Company of North
America and investors neither acquire any interest in the Barclays
US Aggregate Bond Index, the Barclays US Aggregate RBI® Series 1
Index or the Barclays US Dynamic Balance Index II nor enter into
any relationship of any kind whatsoever with Barclays upon making
an investment in any Allianz product. The Allianz products are not
sponsored, endorsed, sold or promoted by Barclays and Barclays
makes no representation regarding the advisability of any Allianz
product or use of the Barclays US Aggregate Bond Index, the
Barclays US Aggregate RBI® Series 1 Index or the Barclays US
Dynamic Balance Index II or any data included therein. Barclays
shall not be liable in any way to the Issuer, investors or to other
third parties in respect of the use or accuracy of the Barclays US
Aggregate Bond Index, the Barclays US Aggregate RBI® Series 1 Index
or the Barclays US Dynamic Balance Index II or any data included
therein.
The EURO STOXX 50®, Europe's leading Blue-chip index for the
Eurozone, provides a blue-chip representation of supersector
leaders in the Eurozone. The index covers 50 stocks from 12
Eurozone countries: Austria, Belgium, Finland, France, Germany,
Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and
Spain.
The EURO STOXX 50® is the intellectual property (including
registered trademarks) of STOXX Limited, Zurich, Switzerland.
Allianz products based on the Index is in no way sponsored,
endorsed, sold or promoted by STOXX and shall not have any
liability with respect thereto.
The Russell 2000® Index is an equity index that measures the
performance of the 2,000 smallest companies in the Russell 3000®
Index, which is made up of 3, 000 of the biggest U.S. stocks. The
Russell 2000 Index is constructed to provide a comprehensive and
unbiased small-cap barometer and is completely reconstituted
annually to ensure larger stocks do not affect the performance and
characteristics of the true small-cap index.
The Russell 2000® Index is a trademark of Russell Investments
and has been licensed for use by Allianz Life Insurance Company of
North America. Allianz products are not sponsored, endorsed, sold
or promoted by Russell Investments and Russell Investments makes no
representation regarding the advisability of investing in Allianz
products.
About Allianz Life Insurance Company of
North America
Allianz Life Insurance Company of North America, one of
FORTUNE’s 100 Best Companies to Work For in 2015, has been keeping
its promises since 1896. Today, it carries on that tradition,
helping Americans achieve their retirement income and protection
goals with a variety of annuities and life insurance products. As a
leading provider of fixed index annuities, Allianz Life is part of
Allianz SE, a global leader in the financial services industry with
147,000 employees worldwide. More than 85 million private and
corporate customers rely on Allianz knowledge, global reach, and
capital strength to help them make the most of financial
opportunities.
Allianz Life Insurance Company of North America offers insurance
and annuities in all states except New York. In New York, products
are issued by Allianz Life Insurance Company of New York.
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version on businesswire.com: http://www.businesswire.com/news/home/20150804006175/en/
Allianz Life Insurance Company of North AmericaSara
Thurin Rollin, 763-765-6703sarathurin.rollin@allianzlife.com