Allianz Life Insurance Company of North America (Allianz Life) launched Allianz Life Accumulator™ Indexed Universal Life Insurance Policy, a new Indexed Universal Life (IUL) insurance product that now becomes Allianz Life’s flagship IUL product. Allianz Life Accumulator™ replaces Allianz Life Pro+® Advantage Fixed Index Universal Life Policy and is available to financial professionals and their clients starting today.
Allianz Life Accumulator™ includes a variety of new features designed to provide powerful accumulation potential, along with innovative “index lock” options and flexible loan provisions that offer policyholders many ways to help meet their financial needs – both now and into retirement.
“Life Insurance is core to Allianz Life risk management solutions, addressing accumulation potential and death benefit protection needs for our customers,” said Jason Wellmann, SVP and Head of Life Distribution. “As clients look for reassurance in a volatile market environment, IUL can play an important role in an overall retirement strategy. The new features introduced in Allianz Life Accumulator™ demonstrate the innovation Allianz Life brings to this critical market.”
New Features for a New Era
Allianz Life Accumulator™ offers three index choices never before available on an Allianz Life IUL product:
- S&P 500® Futures Index ER
- Blended Futures Index
- Bloomberg US Dynamic Balance III ER Index
These and other available index options offer clients greater diversification potential to help weather volatile markets.
Allianz Life Accumulator™ also offers our innovative index lock features, giving clients more opportunities to lock in an index value at any point, once per crediting period. And with the Auto Lock option, the policy can activate the Index Lock automatically if the index value reaches an upper target and/or lower target that has been pre-set. The addition of a lower target (in addition to an upper target) is a brand-new feature never before offered in an Allianz Life IUL product and provides clients with an innovative new risk-management option.
Flexible design
Allianz Life Accumulator™ is being offered with refreshed pricing, competitive rates and flexible loan features that can potentially supplement retirement income strategies or other financial goals, while offering guaranteed loan rates. In addition, the policy can be customized with optional riders and the ability to accelerate a portion of the death benefit in the event of a chronic or terminal illness.
In addition, Allianz Life Accumulator™ offers all the features of a traditional IUL product, including:
- A death benefit that is generally income-tax free for beneficiaries
- Tax-deferred accumulation potential
- Access to any available cash value via policy loans and withdrawals
Allianz Life Accumulator is available with a refreshed pricing schedule and competitive rates, making it an attractive option for financial professionals looking to add an IUL solution to their clients’ retirement portfolios.
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