Allianz Life Introduces Multi-Year Point-To-Point Crediting Methods on Select FIAs

Two- and five-year crediting periods offer greater growth potential, combined with short-term control via Index Lock feature

MINNEAPOLIS – April 26, 2022 – To help clients address the risks that market volatility can have on their retirement security, Allianz Life Insurance Company of North America (Allianz Life) introduced a new crediting method on select fixed index annuities (FIAs). The Multi-Year (MY) point-to-point crediting1 method can offer higher participation rates over two or five years. These new allocation options offer participation rates that are designed to begin higher and increase gradually throughout the multi-year term.

In addition to offering greater growth potential over a longer term, the new enhancements also allow clients more control and the ability to address the effects of market volatility with Index Lock. This allows clients to lock in an index value once per crediting period2 through the Allianz Life Index Lock feature, then receive their index credit on the next contract anniversary and start a new allocation option. This new feature can help protect them from negative index performance for the remainder of the contract year.

“With the incredible volatility we have seen over the past few years, we know that clients want the ability to take advantage of market highs without the risk of volatility wiping out gains,” said Eric Thomes, chief distribution officer, Allianz Life. “A recent Allianz Life study* found that two thirds of Americans wish they could have locked in their gains during recent market highs. This innovative combination offers higher growth potential over the long term, but also short-term control to take advantage of market index gains with Index Lock.”

The new MY point-to-point crediting method with the option for Index Lock are available on Allianz Benefit Control® Annuity, Allianz 222® Annuity, and Allianz 360℠ Annuity.

1 Although MY (multi-year) point-to-point crediting is designed to offer higher rates than their one-year counterpart, there is no guarantee rates will be higher or that rates will increase year over year. Rates will vary due to market conditions.

2 Because the index value locks at the end of the business day, the actual value used to determine the interest credit may be higher or lower than at the time of request.

Fixed indexed annuities are designed to meet long-term needs for retirement income. They provide guarantees against the loss of principal and credited interest, tax deferred accumulation potential 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.

C54370, R95352, R95316, C64237, R95581

Products are issued by Allianz Life Insurance Company of North America, PO Box 59060, Minneapolis, MN 55459-0060. 800.950.7372 www.allianzlife.com

Product and feature availability may vary by state and broker/dealer.

*Allianz Life conducted an online survey, the 2022 Q1 Quarterly Market Perceptions Study in March 2022 with a nationally representative sample of 1,002 Respondents age 18+.

 

 

About Allianz Life Insurance Company of North America

Allianz Life Insurance Company of North America, one of the Ethisphere World’s Most Ethical Companies®, has been trusted since 1896 to help millions of Americans prepare for financial uncertainties and retirement with a variety of innovative risk management solutions. In 2023, Allianz Life provided additional value to its policyholders via distributions of more than $13.73 billion. Allianz Life is a leading provider of fixed index annuities, registered index-linked annuities, and fixed index universal life insurance. Additionally, Allianz Investment Management LLC (AllianzIM), a registered investment adviser and wholly owned subsidiary of Allianz Life, offers a suite of exchange-traded funds (ETFs). Allianz Life and AllianzIM are part of Allianz SE, a global leader in the financial services industry with approximately 157,000 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.