Allianz Life Pro+ FIUL Policy Adds New Allianz True Balance Index

MINNEAPOLIS, Oct. 4, 2016 – Allianz Life Insurance Company of North America (Allianz Life^®) today announced the addition of the Allianz True Balance^SM index to its Allianz Life Pro+^® Fixed Index Universal Life Insurance (FIUL) Policy. Along with helping agents provide income-tax-free death benefit protection for beneficiaries, Allianz Life Pro+ now offers an additional way to potentially accumulate cash value within the policy that leverages the company’s experience and expertise with indexing.

The Allianz True Balance index – one of a variety of index allocation options available with Allianz Life Pro+ – was created for those seeking a balance of equity and bond indexes that make up their allocation – 50% S&P 500® Index and 50% Barclays US Aggregate RBI® Series I Index. The new index provides a stable balance of two well-established benchmark indexes for the U.S. equities and U.S. bond markets. Other unique index allocation options include the Blended index, which may diversify risk and help smooth out market volatility, and the Barclays US Dynamic Balance Index II, which manages volatility by shifting between an equity and bond index.

The annual sum crediting method available with the Allianz True Balance Index is launching with a 200% guaranteed participation rate¹ and 7% current cap². This index allocation option is a strong value proposition for clients seeking accumulation potential.

“Because indexes perform differently in various environments, it’s important that people have the opportunity to diversify the index exposure within their FIUL policy,” said Jason Wellmann, senior vice president of Life Insurance Sales for Allianz Life. “The Allianz True Balance Index provides an innovative new method to achieve this diversification that gives policyholders the benefit of equal prominence of both bond and equity index performance.”

In addition to the new Allianz True Balance index, Allianz Life has new tools available to help financial professionals discuss the importance of life insurance with their clients. A short video available at allianzlife.com – “Life’s A Journey” – explores the many benefits of fixed index universal life insurance, including the death benefit, which is provided income-tax-free to beneficiaries, and other needs that can be addressed with an FIUL policy. Another new feature is an interactive life insurance calculator that can help clients determine how much coverage they may need via a series of simple questions.*

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 accumulation that are income-tax-free while the policy remains in force.³
• Chronic Illness Accelerated Benefit Rider⁴ – 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) Rider⁵ allows clients to fund the optional PDF Rider at issue with a single lump-sum amount, and have annual planned premiums automatically transferred from the PDF Rider to the life insurance policy.

• Cash value accumulation potential that can earn interest based on a variety of index allocations that include an exclusive blended index, the Barclays US Dynamic Balance Index II, and the S&P 500^® Index for newly issued policies. A fixed interest allocation is also available. With the built-in annual reset feature, any indexed interest credited from positive index performance 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 withdrawals⁴ – 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 annual 5% indexed loan rate is guaranteed for the life of the policy, 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+, visit www.allianzlife.com/lifeproplus.

*Information provided by the life insurance calculator is an estimate only and not an offer of insurance coverage. Please consult with your financial professional to determine the amount of life insurance protection that may be appropriate for you.