MINNEAPOLIS – March 6, 2018 –Allianz Life Insurance Company of North America (Allianz Life®) today announced the launch of the Allianz Accumulation AdvantageSM Annuity, the newest addition to their fixed index annuity (FIA) suite of products. Accumulation Advantage offers principal and credited interest protection from market downturns, tax-deferral, a death benefit for beneficiaries, and opportunities to accumulate wealth for retirement. Additionally, Accumulation Advantage offers various index allocation options including a new volatility controlled index from BlackRock®, the BlackRock iBLD Claria® Index, which has also been added to other select Allianz Life FIAs.
Accumulation Advantage can help clients address their accumulation needs using a variety of crediting methods including annual point-to-point with a participation rate. This FIA offers growth potential provided by eight index allocation options (plus a fixed interest allocation). Additional features of Accumulation Advantage include a Nursing Home Benefit and a Flexible Annuity Option Rider.
“Accumulation Advantage can be a valuable addition to a client’s portfolio because it gives them many options for growth,” said Allianz Life Chief Distribution Officer Tom Burns. “In addition to the new accumulation product, we are excited to announce an exclusive partnership with BlackRock adding the BlackRock iBLD Claria Index to select FIAs. With this index, clients can utilize BlackRock’s hands-on asset management expertise and take advantage of current marketplace trends.”
BlackRock iBLD Claria®Index
The BlackRock iBLD Claria Index is Allianz Life’s newest index from the world’s largest asset manager1 and will be available on Accumulation Advantage as well as newly issued Allianz 222® Annuity and Allianz 360SM Annuity contracts in states where it is approved. The BlackRock iBLD Claria Index provides daily, rules-based weighting between equity and fixed income components and cash. The equity and fixed income components are composed of a variety of iShares Exchange Traded Funds (ETFs) that provide exposure to different asset classes. These components are weighted on an annual basis by BlackRock’s Portfolio Strategy Team depending upon their forward-looking view of the market environment, which in turn gives clients broader diversification for more growth opportunities.
“Built with iShares, the Claria Index takes BlackRock’s market insights and combines them with the innovation of our Multi-Asset Portfolio Solutions Team,” said BlackRock Financial Institutions Group Head of Index Strategies Ben Woloshin. “By utilizing an annual adjustment, Claria can be better positioned in this changing market environment, which should provide clients with increased confidence in their index choice.”
Head of BlackRock Retail Financial Institutions Group Michael Ferraro added, “Allianz Life has long been an innovator in the annuity space and BlackRock is thrilled to partner with them by providing this unique index solution.”
For more information about Allianz Accumulation Advantage visit www.allianzlife.com/what-we-offer/annuities/fixed-index-annuities
1 Source: P&I/Towers Watson World 500, October 2017, ranked by total AUM.
The BlackRock iBLD Claria® Index is comprised of an equity component, a bond component, and a cash component. It shifts weighting between them daily based on historical realized volatility of the components. Annually, BlackRock will set allocations to the ETFs within each of the equity component and the bond component. The equity component will be comprised of the following ETFs: iShares Russell 2000 ETF, iShares Core S&P 500 ETF, iShares MSCI EAFE ETF, iShares MSCI Emerging Markets ETF. The bond component will be comprised of the following ETFs: iShares 1-3 year Treasury Bond ETF, iShares 3-7 year Treasury Bond ETF, iShares 7-10 year Treasury Bond ETF. The cash component is represented by the 3 month LIBOR rate.
The BlackRock iBLD Claria® Index (the “Index”) is a product of BlackRock Index Services, LLC and has been licensed for use by Allianz Life Insurance Company of North America (“Allianz”). BlackRock®, BlackRock iBLD Claria® Index, and the corresponding logos are registered and unregistered trademarks of BlackRock. The Allianz product is not sponsored, endorsed, sold or promoted by BlackRock Index Services, LLC, BlackRock, Inc., or any of its affiliates, or any of their respective third party licensors (including the Index calculation agent, as applicable) (collectively, “BlackRock”). BlackRock has no obligation or liability in connection with the administration or marketing of the Allianz product. BlackRock makes no representation or warranty, express or implied, to the owners of the Allianz product or any member of the public regarding the advisability of investing the Allianz product or the ability of the Index to track general market performance. BlackRock does not guarantee the adequacy, accuracy, timeliness, and/or completeness of the Index or any data or communication related thereto nor does it have any liability for any errors, omissions or interruptions of the Index.
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.
Accumulation Advantage Annuity (C64237-MVA) is issued by Allianz Life Insurance Company of North America, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297.
• 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.