Allianz Life Enters Fee-Based Market with Allianz Retirement Pro Variable Annuity

Product Designed Specifically for the Dually-Registered Investment Advisor

MINNEAPOLIS--(BUSINESS WIRE)-- Allianz Life Insurance Company of North America (Allianz), today announced that it has filed a registration statement for a new variable annuity it plans to launch later this year, the Allianz Retirement Pro^SM Variable Annuity. The annuity is designed specifically for the dually registered investment advisor working within the growing fee-based market. Allianz Retirement Pro is a long-term financial vehicle that will offer low-cost tax deferral, flexible protection and the ability for clients to allocate and transfer money among two accounts depending on their investment objective – the Base Account which offers greater equity exposure through an extensive investment lineup, and the Income Advantage Account which provides income and death benefit guarantees. Launch of the product is subject to receipt of all regulatory approvals.

“There is a growing segment of advisors that are recognizing the benefits that a fee-based annuity will bring to a holistic financial planning practice,” said Robert DeChellis, president and CEO of Allianz Life Financial Services. “We have designed Allianz Retirement Pro to be a solution that advisors will seek to protect their clients from longevity and inflationary risks.”

Allianz Retirement Pro will give clients working with a fee-based advisor a new opportunity to add an insured solution to their portfolio that's specifically designed to help them accumulate, preserve, and distribute their retirement assets.

Variable annuities are subject to investment risk, including possible loss of principal. Investment returns and principal value will fluctuate with market conditions so that units, upon distribution, may be worth more or less than the original cost. For more information about Allianz, visit: www.allianzlife.com.

To obtain a prospectus for the Allianz Retirement Pro^SM, including fees and expenses, call 800-542-5427. You should read the prospectus carefully before you invest or send money. The Registration statement containing the prospectus filed with the Securities & Exchange Commission has not yet become effective. The information in the prospectus will be amended or completed prior to effectiveness. The Retirement Pro cannot be sold until the registration statement becomes effective. The prospectus is not an offer to sell the Retirement Pro and Allianz Life is not soliciting an offer to buy the contract in any state where the offer or sale is not permitted.

Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America. The Company’s claims paying ability does not back the performance of the variable subaccounts, which fluctuate with market conditions.

The Allianz Retirement Pro^SM variable annuity (Contract # L40533) is issued by Allianz Life Insurance Company of North America and distributed by its affiliate, Allianz Life Financial Services, LLC, Member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. 800.542.5427

Product and feature availability may vary by state and broker/dealer. This product is not available in New York.

About Allianz Life
Allianz Life Insurance Company of North America has been keeping its promises since 1896. Today, it carries on that tradition, helping Americans achieve their retirement income 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 nearly 155,000 employees worldwide. Based on its revenue, Allianz SE is the 20th largest company in the world (Fortune Global 500, August 2009).

Allianz Life Insurance Company of North America
Media Contact:
Laurie Bauer, 763-765-6174
[email protected]

Source: Allianz Life Insurance Company of North America