June 19, 2014
Popular Barclays US Dynamic Balance Index Extended on FIA and FIUL Products
MINNEAPOLIS – June 19, 2014 – Allianz Life Insurance Company of North America (Allianz Life) today announced that the exclusive Barclays US Dynamic Balance Index agreement with Barclays, which began in August 2013, will extend through 2020. This includes offering the index on Allianz Life Fixed Index Annuity (FIA) and Fixed Index Universal Life (FIUL) products. The Barclays US Dynamic Balance Index provides balance by shifting weight daily between the S&P 500® Index and the Barclays U.S. Aggregate Bond Index based on realized market volatility.
"The inclusion of the Barclays US Dynamic Balance Index gives our products a powerful combination for consumers looking for protection with accumulation potential based on the performance of an external index,” said Tom Burns. “We believe the remarkable success of this index reflects Americans’ appetite for growth potential with a level of protection against the effects of volatile markets like the 2008 recession.”
Since late 2013, the Barclays US Dynamic Balance Index has been added to several index allocation options available on Allianz Life FIA and FIUL products including:
- Allianz 222® Annuity
- Allianz 360SM Annuity
- Allianz 365i® Annuity
- Core Income 7SM Annuity
- Signature 7SM Annuity
- Allianz Life Pro+® Fixed Index Universal Life Insurance Policy
The Barclays US Dynamic Balance Index can be an option to have interest growth potential in a low rate, low cap environment, adds Burns. The index shifts weight daily between the S&P 500® Index and the Barclays U.S. Aggregate Bond Index. Generally, when the S&P 500 Index volatility is low, the weighting shifts toward the S&P 500 Index. On the other hand, when volatility is high, the balance shifts more towards the Barclays bond index. This daily rebalancing helps manage index volatility and allows Allianz Life to offer results for the customer in the form of upside potential. Currently, FIA index allocations using the Barclays US Dynamic Balance Index apply a spread, and Life Pro+ index allocations apply a participation rate.
The Barclays US Dynamic Balance Index is one of several index allocation options offered on Allianz Life products.
No single index allocation option will be most effective in all market environments.
Although an external index may affect your interest credited, the contract does not directly participate in any equity or fixed income investments. You are not buying shares in an index.
Annuities are designed to meet long-term needs for retirement income. They provide guarantees against the loss of principal and credited interest, and the reassurance of a death benefit for beneficiaries.
Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America.
P54350, C54370, C52575 are issued by Allianz Life Insurance Company of North America, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297.
Product and feature availability may vary by state.
The Barclays U.S. Aggregate Bond Index is comprised of U.S. investment-grade, fixed-rate bond market securities, including government agency, corporate, and mortgage-backed securities. The Barclays US Dynamic Balance Index is comprised of the Barclays U.S. Aggregate Bond Index and the S&P 500® and shifts weighting daily between them based on realized market volatility.
Allianz products are not sponsored, endorsed, sold, or promoted by Barclays Risk Analytics and Index Solutions Limited (“Barclays”) or its affiliates. None of Barclays or its affiliates makes any representation or warranty, express or implied, to the owners of Allianz products or any member of the public regarding the advisability of investing in securities generally or in Allianz products particularly or the ability of the Barclays Indices, including without limitation, the Barclays U.S. Aggregate Bond Index and Barclays US Dynamic Balance Index, to track general bond market performance. Barclays’ or its affiliates’ only relationship to Allianz Life Insurance Company of North America and its affiliates (“Allianz”) is the licensing of the Barclays U.S. Aggregate Bond Index and Barclays US Dynamic Balance Index which is determined, composed, and calculated by Barclays or its affiliates without regard to Allianz or Allianz products. None of Barclays or its affiliates has any obligation to take the needs of Allianz or the owners of Allianz products into consideration in determining, composing or calculating the Barclays U.S. Aggregate Bond Index and Barclays US Dynamic Balance Index. None of Barclays or its affiliates is responsible for or has participated in the determination of the timing of, prices of, or quantities of Allianz products to be issued or in the determination or calculation of the equation by which Allianz products are to be converted into cash. None of Barclays or its affiliates has any obligation or liability in connection with the administration, marketing, or trading of Allianz products.
NONE OF BARCLAYS OR ITS AFFILIATES GUARANTEES THE QUALITY, ACCURACY AND/OR THE COMPLETENESS OF THE BARCLAYS INDICES, OR ANY DATA INCLUDED THEREIN, OR OTHERWISE OBTAINED BY ALLIANZ, OWNERS OF ALLIANZ PRODUCTS, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE BARCLAYS INDICES, INCLUDING WITHOUT LIMITATION, THE BARCLAYS U.S. AGGREGATE BOND INDEX AND BARCLAYS US DYNAMIC BALANCE INDEX, IN CONNECTION WITH THE RIGHTS LICENSED HEREUNDER OR FOR ANY OTHER USE. NONE OF BARCLAYS OR ITS AFFILIATES MAKES ANY EXPRESS OR IMPLIED WARRANTIES, AND BARCLAYS AND ITS AFFILIATES HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE BARCLAYS INDICES, INCLUDING WITHOUT LIMITATION, THE BARCLAYS U.S. AGGREGATE BOND INDEX AND BARCLAYS US DYNAMIC BALANCE INDEX, OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL BARCLAYS OR ANY OF ITS AFFILIATES HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). These trademarks have been licensed for use by S&P Dow Jones Indices LLC. S&P marks are trademarks of S&P and Dow Jones marks are trademarks of Dow Jones. These trademarks have been sublicensed for certain purposes by Allianz Life Insurance Company of North America (“Allianz”). The S&P 500® Index (“the Index”) and Dow Jones Industrial AverageSM (“the DJIA”) are products of S&P Dow Jones Indices LLC and/or its affiliates and have been licensed for use by Allianz.
About Allianz Life
Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best Companies to Work For in 2014, has been keeping its promises since 1896. Today, it carries on that tradition, helping Americans achieve their retirement income and protection 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 142,000 employees worldwide. More than 78 million private and corporate customers rely on Allianz knowledge, global reach, and capital strength to help them make the most of financial opportunities.
Allianz Life Insurance Company of North America offers insurance and annuities in all states except New York. In New York, products are issued by Allianz Life Insurance Company of New York.