MINNEAPOLIS – November 14, 2017 – Allianz Life Insurance Company of North America (Allianz Life®) today announced the launch of the new Index Precision Strategy available on the Allianz Index Advantage® Variable Annuity suite of index variable annuities (IVAs). The Index Precision Strategy offers a level of principal protection while maintaining the opportunity for predictable upside potential.
As one of multiple index strategies (also called crediting methods) available on Allianz IVA products, Index Precision Strategy provides the option to allocate to four corresponding equity indexes. With this strategy, as long as the annual change in index value is zero or positive, the client will receive the entire annual credit of the Precision Rate. The Precision Rate is declared monthly for newly issued contracts, and is subject to change annually. The Index Precision Strategy also offers a 10% buffer to provide a level of protection from the first 10% of negative index returns annually. Any loss in excess of 10% reduces the contract value.
“The Index Precision Strategy may be a good choice for consumers seeking a level of principal protection with some upside potential that is predictable in nature,” said Senior Vice President of Product Innovation Matt Gray. “It's been nearly 10 years since the market crash that affected so many. This new index gives consumers access to a level of protection, stability and flexibility that would have been useful a decade ago and can now be utilized as markets change in the future.”
The Index Precision Strategy combined with existing allocation options gives clients access to additional choice and flexibility. On an annual basis, clients can change allocations among one or more of the index strategies, can change indexes within each of the strategies, and have access to a performance lock feature that offers clients the opportunity to capture gains or limit potential losses between index anniversaries.
For more information about the Index Precision Strategy visit www.allianzlife.com/what-we-offer/annuities/fixed-index-annuities.
As with any investment vehicle, variable annuities are subject to risk, including possible loss of principal. Investment returns and principal will fluctuate with market conditions so that contract values, upon distribution, may be worth more or less than the original cost.
For more complete information about Allianz Index Advantage Variable Annuity, Allianz Index Advantage ADV Variable Annuity, Allianz Index Advantage NF Variable Annuity and the variable options, call Allianz Life Financial Services, LLC at 800.542.5427 for a prospectus. The prospectuses contain details on investment objectives, risks, fees, and expenses, as well as other information about the variable annuity and variable options, which your clients should carefully consider. Encourage your clients to read the prospectuses thoroughly before sending money.
Withdrawals will reduce the contract value and the value of any protection benefits. Additional withdrawals taken within the withdrawal charge period will be subject to a withdrawal charge. All withdrawals are subject to ordinary income tax and, if taken prior to age 59½, may be subject to a 10% federal additional tax.
Guarantees are backed by the financial strength and claims-paying ability of the issuing company and do not apply to the performance of the variable subaccounts, which will fluctuate with market conditions.
Products are 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. (L40538, L40538-NF)
• Not FDIC insured • May lose value • No bank or credit union guarantee • Not a deposit • Not insured by any federal government agency or NCUA/NCUSIF.
Product and feature availability may vary by state broker/dealer.