These indexes are benchmarks only. The expense charge is calculated at the time of policy issue. Contractors Begin Second Pass At Oklahoma Ice Storm Cleanup, Severe Weather Possible New Year’s Eve In Alabama, DealerPolicy Survey: Buyers Want Integrated Auto Insurance, How Brokers Can Protect Themselves From Lawsuits During COVID-19, COVID, Hurricane Season, Dominate Top Stories Of 2020, FIUL Sales Process Continues To Evolve With AG 49 A, Exciting New Partnership for FSG and Fortify Insurance Group, Mark Scalercio Joins OneAmerica® as Senior Vice President, Global Insurance Symposium Returns to Showcase Industry Trends & Future, Multiplier bonuses shown in the illustration are to be no higher than the maximum illustrated rate of the benchmark index, Individual indexed allocations will now have specific maximum illustrated rates, Participating (indexed) loan arbitrage will be limited to 50 bps above the loan charge, New classic (flat-rate) bonus for a guaranteed interest credit, Enhanced sales tools including a simplified consumer brochure, showcase tool for educational case studies, and redesigned illustration, Continued support of the Allianz Life volatility control indexes and Index Lock – exclusive features designed to provide the potential for more consistent performance in today’s environment. Compared to the Life Pro+ Elite, there have been a few key changes and additions. This design multiplies any annual indexed interest by 15%. Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America. Surrender charge: 12-year decreasing surrender charge (based on age, gender, death benefit amount, and risk class). In other words, you are not buying shares in an index. Life. The PIMCO Synthetic Bond ER Index is comprised of a small number of derivative instruments designed to provide exposure to U.S. investment-grade and Treasury bond markets in excess of a benchmark rate. Please refer to the Life Pro+ Advantage product profile for details on these benefits, which may be taxable. MPower Menu. The Index is the exclusive property of PIMCO and is made and compiled without regard to the needs, including, but not limited to, the suitability or appropriateness needs, as applicable, of the Company, the Product, or any Product owners. If a policy is a modified endowment contract (MEC), policy loans and withdrawals will be taxable as ordinary income to the extent there are earnings in the policy. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Allianz. Additional premium payments may be required to keep the policy in force. Ask your financial professional for the current cap. 1 Fees and expenses will reduce the accumulation value. Annual point-to-point with a participation rate, Classic: Not all bonuses guarantee that a policy will be credited with an interest bonus every year as some are based on the growth of an index. Would anyone be willing to tell me if I can go direct or go under an IMO to write Allianz IUL business. However, the only index options in the Classic allocations are – you guessed it – proprietary indices. Allianz Life Pro+ Advantage SMFixed Index Universal Life Insurance Policy is designed to change as your needs do, by offering important features to help through all stages of life. Fixed Index Annuities Allianz Benefit Control Allianz 222 Allianz 360 Accumulation Advantage Essential Income 7 Retirement Foundation ADV Core Income 7 Index Variable Annuities . 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 funding period can be designated between 3-10 policy years. Allianz products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or PIMCO and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the PIMCO Tactical Balanced Index. Monthly insurance cost charge: An insurance cost charge will be deducted every month on the monthly anniversary and is based on factors such as age, gender, risk class, and death benefit amount. 0.90% flat rate bonus, Bonused: The Allianz Life Pro+ Elite index menu includes a fixed-interest option, the Bloomberg US Dynamic Balance Index II, the Allianz True Balance index and the PIMCO Tactical Balanced Index. Monthly expense charge: The expense charge is a per $1,000 charge of your policy’s specified amount, and is based on factors such as the insured’s gender, age, specified amount, and risk class. Annuities Fixed Index Annuities . For clients who are willing to forego the potential for a bonus in favor of higher caps and participation rates, which may result in a higher indexed interest received. The death benefit increase is taxable. Allianz Life had in 2018 provided USD2.8bn in benefit payments to policyholders. The Russell 2000 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. Fees. Allianz launches its newest IUL Accumulation product – Life Pro+ Advantage. Minimum death benefit on the insured begins at $100,000, with a $65,000,000 maximum death benefit (subject to limitations). * Any change in the index’s value that is greater than or equal to zero will trigger a predetermined interest rate – the Trigger Interest Rate. For explanations of each rider and any potential costs and/or restrictions, see the product profile. Can the policy help me address other financial needs. I currently have a 140% level but don't like the IMO and am looking for a change. How does the policy provide opportunities for tax-deferred accumulation? In the event of a lapse, outstanding policy loans in excess of unrecovered cost basis will be subject to ordinary income tax. This option can only be elected at issue. Death benefit option A (level): Your death benefit will be equal to the specified amount. Get breaking news, exclusive stories, and money- making insights straight into your inbox. The PIMCO Tactical Balanced Index is comprised of the S&P 500® Index, a bond component comprised of the PIMCO Synthetic Bond Index and a duration overlay, and cash, and shifts weighting between them daily based on historical realized volatility of the components. We respect your privacy. The cap is the maximum percentage of index change we use for a specified time period to determine how much interest we credit to your policy in a given contract year. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”). Instead, you will potentially receive interest based on positive changes in the index(es) you’ve selected, subject to any caps (an upper limit on how much interest you can receive) and/or participation rates (the percentage of an index return that will be credited to your policy). Here’s a quick recap of some of the company’s most advantageous attributes: 1. The DPSC is given to you by Allianz when your contract goes into effect, although it can change. 40% bonus opportunity with 1% annual asset charge. Premium Deposit Fund Rider – combines all of the advantages of life insurance with the simplicity of a single lump-sum payment. Bloomberg is not affiliated with Allianz Life Insurance Company of North America ("Allianz"), and does not approve, endorse, review or recommend the Allianz product. You have the flexibility to choose which death benefit option best suits your needs. 3 Policy loans and withdrawals will reduce the available cash value and death benefit and may cause the policy to lapse, or affect guarantees against lapse. Allianz Life today announced the launch of the Allianz Life Pro+ Advantage℠ Fixed Index Universal Life Insurance Policy. Bloomberg does not guarantee the timeliness, accurateness or completeness of any data or information relating to the Indices, and shall not be liable in any way to Allianz, investors in the Allianz product or other third parties in respect of the use or accuracy of the Indices or any data included therein. This type of plan can be more cost effective than the purchase of two individual life insurance policies. You should consult with your tax advisor. MINNEAPOLIS – Dec. 14, 2020 – Allianz Life Insurance Company of North America (Allianz Life) has announced new enhancements to its Allianz Life Pro+ Advantage℠ Fixed Index Universal Life Insurance Policy. The minimum initial premium payment is based on age, gender, risk class, death benefit, and riders, but is never less than $25/month or $300/year. The index allocations that offer the interest bonus will generally have lower caps and participation rates. The EURO STOXX 50®, Europe's leading Blue-chip index for the Eurozone, provides a blue-chip representation of supersector leaders in the Eurozone. Life Pro+ Advantage provides flexibility and access to the cash value via policy loans and withdrawals 3 while the insured is living. There are three separate annual fees associated with the Allianz Index Advantage Variable Annuity: a 1.25% product fee, a $50 contract maintenance charge and a … This brought Life Pro+ back into line with its competitors without requiring Allianz to make material adjustments to the chassis. Neither PIMCO nor any other party involved in, or related to, making or compiling the Index has any obligation to continue to provide the Index to the Company with respect to the Product. Life Pro+ Advantage provides flexibility and access to the cash value via policy loans and withdrawals3 while the insured is living. It takes a well-informed and well-executed strategy to have enough money to live on in your retirement years. Description. Product and feature availability may vary by state and broker/dealer. There are a variety of indexed allocations available – including some that offer the opportunity for bonus potential (see next section). Please Join Jeff Wick with Allianz! This policy provides coverage and features comparable to Allianz’s other Life Pro series policies and is specifically designed for long-term asset protection. 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. The expense charge is deducted from the current accumulation value for the first 15 policy years, or through age 32 for juveniles. Standard: No bonus - For premium up to standard premium amount: In addition to providing death benefit protection, the new product features also provide more options for clients and new sales tools for the financial professionals who sell the … Tax laws are subject to change and you should consult a tax professional. Select: 40% multiplier bonus with a 1% annual asset charge A bonus design that adds a consistent bonus rate to the policy’s annual accumulation value. Why Allianz What We Offer . PIMCO’s Trademark(s) are trademarks of PIMCO and have been licensed for use by SPDJI and Allianz. In order to tune Life Pro+ Advantage IUL for maximum illustrated performance under AG 49-A, Allianz added a new suite of indices so-called Classic allocations that have a 0.9% guaranteed interest bonus in all years. The participation rate determines how much of the percentage of indexed growth for an index option we use to calculate any indexed interest we credit to a life insurance policy. The indexes available within the policy are constructed to keep track of diverse segments of the U.S. or international markets, or specific market sectors. I was approached cold by a rep for Allianz about this plan (6 index universal life). $0.00. See how Simplicity Group is helping its agents meet with more clients. If any of these features are exercised prior to age 59½ on a MEC, a 10% federal additional tax may be imposed. Caps and/or participation rates will vary depending on the option selected; ask your financial professional for the current rates. Index Variable Annuities If their past and present are any indicators, your life insurance is in good hands with Allianz. My money is safe from market losses and I really like the growth, bonuses and income benefits. • Blended Index: A blend of four indexes: Bloomberg Barclays US Aggregate Bond Index, Russell 2000® Index, Dow Jones Industrial Average, and EURO STOXX 50® View Guidelines. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). Life Pro+ Advantage has additional riders and benefits, so you can customize your policy for your specific needs. The fixed interest rate is guaranteed to never be less the 0.1%. The Index is comprised of a number of constituents, some of which are owned by entities other than PIMCO. Allianz Life Pro Plus. MINNEAPOLIS – Dec. 14, 2020 – Allianz Life Insurance Company of North America has announced new enhancements to its Allianz Life Pro+ Advantage℠ Fixed Index Universal Life … 2 Policy loans and withdrawals will reduce the available cash value and death benefit and may cause the policy to … The days of every company offering a pension are fast disappearing, and with the future solvency of Social Security benefits rapidly coming into question, it is likely that you will need a diversified strategy to fund your future. • Policy years 10+: 4% of premium, - For supplemental premium in excess of standard premium amount: In the event that the Index is no longer available to the Product or Product owners, the Company may seek to replace the Index with another suitable index, although there can be no assurance that one will be available. The participation rate will vary depending on which crediting method you choose. As you can see, there are several benefits to partnering with Allianz for your life insurance needs. If the Bloomberg US Dynamic Balance II ER Index or PIMCO Tactical Balanced ER Index options are chosen, Allianz will establish the participation rate on each policy anniversary. The maximum discount factor is determined by the life expectancy of the insured and the discount factor at the time of acceleration. Given this company’s long tenure in the insurance marketplace, it has really built up a strong financial foundation, along with a good, solid reputation for paying out its policyholders’ claims. Medicare crisis solved?! Allianz Life Strengthens FIUL Lineup With Launch of Life Pro+ Advantage New Fixed Index Universal Life Insurance product offers enhanced flexibility and control Business Wire MINNEAPOLIS -- … 206 – Allianz Life Pro + Advantage IUL - $0.00. Allianz Life Pro+ Fixed Universal Life Insurance is the main life product for individuals. Nontobacco (ages 18-80): Preferred Plus, Preferred, Standard, Tobacco (ages 18-75): Preferred Tobacco, Standard Tobacco. When the insured turns 120, the death benefit equals the accumulation value. To explore which allocations you may want to consider based on your perspective on equity markets, market volatility, and interest rates, try our Allocations Insights Tool. Although an index may affect your interest credited, you cannot buy, directly participate in, or receive dividend payments from any of them through the policy. • Not FDIC insured • May lose value • No bank or credit union guarantee • Not a deposit • Not insured by any federal government agency or NCUA/NCUSIF, Products are issued by Allianz Life Insurance Company of North America, PO Box 59060, Minneapolis, MN 55459-0060. Here are some questions they can help answer: 1 The Chronic Illness Accelerated Death Benefit Rider is included with the policy, subject to age and underwriting requirements. This could be an option for clients who may want a conservative approach and a guaranteed credit. – Allianz Life Pro+Advantage, a IUL product, is probably the best for retirement savings purpose – The company has low complaints through the National Association of Insurance Commissioners (NAIC) – Allianz has an A+ financial strength rating with AM Best – Got the lowest two-circle rating through the J.D. • Policy years 1-9: 14% of premium The company's greatest strength is its selection of annuity solutions, although its stellar financial strength is also another strong point for it. There are several ways to access your available cash value without incurring surrender charges: 15% bonus opportunity, Select: LTCi Agents, uncover the solution to the looming Medicare crisis now! Allianz Life Pro+ Advantage SM Fixed Index Universal Life … Sections. This could be an option for a client who is looking for a moderate choice with bonus potential but no charges associated with the bonus. 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