Allianz Life Launches Two Index Variable Annuity Products

MINNEAPOLIS – May 23, 2016 – Allianz Life Insurance Company of North America (Allianz Life^®) today announced the launch of two new index variable annuity (IVA) products, Allianz Index Advantage ADV^SM Variable Annuity and Allianz Index Advantage NF^SM Variable Annuity. Modeled after the successful flagship Allianz Index Advantage^® Variable Annuity, the new offerings provide multiple ways to benefit from the balance of performance potential and level of protection.

The new IVA product lineup now positions Allianz Life to better capitalize on the growing demand for IVAs and brings the well-received concept of upside potential with some protection to a broader market of consumers. Allianz Index Advantage ADV is exclusively designed to fit within a fee-based portfolio, while Allianz Index Advantage NF, with no annual product fee on the index strategies, establishes another option for fee-sensitive clients.

“By offering Index Advantage ADV and Index Advantage NF, Allianz Life now has a suite of index variable annuity products that help balance risk and return, giving clients more options for building a solid retirement foundation,” said Allianz Life Chief Distribution Officer Tom Burns. “These IVAs offer an opportunity to grow a client’s retirement nest egg by being able to participate in market gains while still having a level of asset protection.”

Index Advantage ADV and Index Advantage NF both help clients reach long-term financial goals by offering the combination of variable options and three index options giving a balance between protection and performance potential. Both of these potential solutions also offer features including tax-deferred growth opportunities and a built-in death benefit.