Allianz Bolsters Its Top-Selling 222 Fixed Indexed Annuity Line – InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Annuity News
Topics
    • Life Insurance
    • Annuity News
    • Health/Employee Benefits
    • Property and Casualty
    • Advisor News
    • Washington Wire
    • Regulation News
    • Sponsored Content
    • Webinars
    • Monthly Focus
  • INN Exclusives
  • NewsWires
  • Magazine
  • Free Newsletters
Sign in or register to be an INNsider.
  • INN Exclusives
  • NewsWires
  • Magazine
  • Free Newsletters
  • Insider
  • About
  • Advertise
  • Editorial Staff
  • Contact
  • Newsletters

Get Social

  • Facebook
  • Twitter
  • LinkedIn
Annuity News
Annuity News RSS Get our newsletter
Order Prints
May 21, 2019 Annuity News No comments
Share
Share
Tweet
Email

Allianz Bolsters Its Top-Selling 222 Fixed Indexed Annuity Line

Allianz Life Insurance Company of North America added new benefit features to several of its fixed index annuities (FIAs), with "the goal of helping provide clients with more flexibility, choice, and control."

The new benefits bolster the Allianz 222 line of FIAs, which have long been top sellers. According to fourth-quarter data from Moore Market Intelligence, the Allianz 222 is the top-selling FIA in the independent agent and broker-dealer channels, as well as the top selling FIA overall.

The new benefits are:

• New ADL qualifications on the Allianz Income Multiplier Benefit on the Allianz 222® Annuity.

In addition to qualifying due to confinement to an eligible nursing home, hospital or assisted living facility, clients facing health challenges can now double their withdrawal income as long as they are unable to perform two of six activities of daily living (ADLs), Allianz said in a news release.

This gives clients additional flexibility if they want to stay in their home for their care, but need to leverage the income multiplier benefit due to health reasons, the release said.

• New two-year point-to-point crediting option on Allianz 222, Allianz 360℠ Annuity, and Allianz Accumulation Advantage℠ Annuity.

For clients seeking additional crediting choices and accumulation opportunities, they can now allocate to a two-year point-to-point crediting method, which may help to minimize the effects of mid-year market volatility, the release said.

• New index lock feature on select index allocations for Allianz 222, Allianz 360, and Allianz Accumulation Advantage.

To give clients the opportunity to lock in an index value on their FIA, there is a new index lock feature that allows clients to lock in an index value once at any time during the crediting period.

The index lock feature offers clients a greater level of control over their FIA, and is available on both annual and two-year point-to-point with participation rate crediting methods, the release said.

“These exciting new enhancements take our FIA portfolio to the next level, and give clients more options when it comes to finding the right fixed index annuity solution for their retirement needs,” said Eric Thomes, chief distribution officer, Allianz Life.

The enhancements announced today are valuable additions to the traditional benefits offered on Allianz Life FIAs, including principal protection from market downturns, tax deferrals, and a death benefit for beneficiaries.

Older

‘Zombie’ Fiduciary Rule Must Stay Dead, Industry Expert Says

Newer

Finances An Added Worry For Disabled Workers: Survey

Advisor News

  • What Rising Prices Could Mean For Your Clients’ Retirement Plans
  • 38% Of Investors Pulled Money From Stock Market In The Past Year
  • Financial Focus: Retirement Money Management
  • Americans Spread Their Money Across More Firms, Survey Finds
  • Now Is A Good Time To Buy This Inflation Savings Bond
More Advisor News

Health/Employee Benefits News

  • AHIP’s Policy Roadmap Aimed At Increasing Health Care Access, Affordability
  • Don’t Fall For Joe Namath’s Ads
  • Health Insurance Can Now Help Some Californians Find Housing
  • $2.7B Settlement In CalPERS Long-Term Care Insurance Lawsuit Is Canceled
  • Virginia Poised To Review Eligibility Of 2 Million In Medicaid ‘Safe Haven’
More Health/Employee Benefits News

Life Insurance

  • The 5 Secrets To Retaining Financial Sales Professionals
  • Life Insurance Activity Continues Dip In April But Still Stronger Than 2021, MIB Reports
  • Transamerica Adds Execs To Annuity And Life Insurance Team
  • Northwestern Mutual Invests $5M In Black-Led Financial Institutions
  • Protective Life Closes On AUL Acquisition
More Life Insurance

Property and Casualty News

  • Fraud Adds Billions To Insurer Disaster Payouts, NICB Says
  • Florida Does Financial Autopsies On Failed Insurers, But Are They Read?
  • Couple Fighting Insurer 8 Months After Storm Ruined $80,000 Of Hemp
  • Flood Insurance Rates Rise Along With Flood Risks
  • 90-Year-Old Woman Stuck In HOA, Insurance Blame Game
More Property and Casualty News

- Presented By -

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

FEATURED OFFERS

Get Linked INN to your industry Connect with INN on LinkedIn to be first on all the news and insights that matter to your industry.
– Section Sponsor – American Equity Investment Life Insurance

Press ReleasesAll press releases

  • OneAmerica Commits $1 Million Toward Financial Literacy
  • Transamerica Structured Index Advantage Annuity Offers Investors More Certainty with Upside Growth and Downside Protection
  • Senior Market Sales Creates First-of-Its-Kind Lead Acquisition Platform
  • Growing financial services firm Kuvare opens Des Moines office in East Village, continuing expansion in Iowa
  • BetterLife Selects iPipeline® to Digitally Transform Its Business & Better Serve Future Generations
Add your Press Release >

Topics

  • Life Insurance
  • Annuity News
  • Health/Employee Benefits
  • Property and Casualty
  • Advisor News
  • Washington Wire
  • Regulation News
  • Sponsored Content
  • Webinars
  • Monthly Focus

Top Sections

  • Life Insurance
  • Annuity News
  • Health/Employee Benefits News
  • Property and Casualty News
  • AdvisorNews
  • Washington Wire
  • Insurance Webinars

Our Company

  • About
  • Editorial Staff
  • Magazine
  • Write for INN
  • Advertise
  • Contact

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2022 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • Sitemap
  • AdvisorNews

Sign in with your INNsider Account

Not registered? Become an INNsider.