Allianz Life launches accumulation annuity

MINNEAPOLIS – March 19, 2024 – Allianz Life announced today that its newest accumulation-focused product, Allianz Accumulation Advantage+ Annuity, is now available.

Allianz Accumulation Advantage+ is a fixed index annuity that combines powerful accumulation potential with a premium bonus, signature Allianz innovations and flexible design. Allianz has also recently added a new FIA with a shorter, seven-year withdrawal charge period, Allianz Accumulation Advantage 7 Annuity, to its suite of products.

“We are expanding our options to help more people accumulate money for retirement,” said Heidi Vanderkloot, head of FMO distribution, Allianz Life. “Many people are looking for ways to grow their retirement assets while mitigating potential risks. Our new FIAs offer protection of principal and growth potential to help people move toward their ideal retirement.”

Two in three Americans (66%) said they need to accumulate more money to retire but are too nervous to invest more in the market in a recent study from Allianz Life. Yet, fear of market volatility is keeping Americans from taking actions that could grow their retirement assets. The majority of Americans (61%) said they would rather have their money sit in cash than endure market swings.

Allianz Accumulation Advantage+  includes signature innovations like Index Lock, which gives clients the control to lock in an index value at any point once per crediting period and multi-year point-to-point crediting with participation rates that are designed to start higher than one-year allocation options and increase each year³. Full accumulation value is available to the Allianz Accumulation Advantage+ contract owner after 10 years. 

The flexible design of Allianz Accumulation Advantage+ offers 10% free withdrawals annually available as soon as the contract year following any contract year a premium payment was made. Plus, any unused free withdrawal percentage carries over into the following contract year, up to a maximum of 20%.