Allianz Life Introduces New Feature to Automatically Lock In Potential Interest Credits

Auto lock available on select Allianz FIAs and FIUL policies helps reduce risk of volatility and probability of receiving zero percent interest

MINNEAPOLIS – May 4, 2021 – Allianz Life Insurance Company of North America (Allianz Life) today announced new auto lock capabilities on select fixed index universal life (FIUL) insurance policies and fixed index annuity (FIA) contracts.

The innovative new feature allows policy and contract holders to set an Index Lock once during a crediting period. If reached, it will be automatically locked in until the end of that crediting period.

“Auto lock makes it even easier to lock in an index value and receive positive interest credits without having to constantly check index values or manually activate an index lock,” said Eric Thomes, chief distribution officer, Allianz Life. “This helps reduce risks during times of uncertainty and also helps decrease the probability of receiving zero percent interest.”

The new auto lock feature is available on select Allianz Life FIA contracts and FIUL policies and are in addition to traditional FIA benefits such as index interest growth potential, lifetime retirement income, and a death benefit for beneficiaries. FIUL contracts provide a generally income-tax free death benefit for beneficiaries and the potential to build accumulation value. The feature is available on new applications and inforce policies and contracts that currently offer the manual index lock feature.



Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America

Products are issued by Allianz Life Insurance Company of North America.

Any distributions are subject to ordinary income tax and, if taken prior to age 59½, a 10% federal additional tax

 

P64339, C54370-MVA, R95352-MVA, R95316-01-MVA, R95374-MVA, C64237-MVA, R95581-01-MVA, P64339

About Allianz Life Insurance Company of North America

Allianz Life Insurance Company of North America, one of the FORTUNE 100 Best Companies to Work For® and one of the Ethisphere World’s Most Ethical Companies®, has been keeping its promises since 1896 by helping Americans achieve their retirement income and protection goals with a variety of annuity and life insurance products. In 2020, Allianz Life provided additional value to its policyholders via distributions of more than $10.1 billion. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with approximately 150,000 employees in more than 70 countries. Allianz Life is a proud sponsor of Allianz Field® in St. Paul, Minnesota, home of Major League Soccer’s Minnesota United.