Allianz Life Launches New Accumulation Annuity

Allianz Accumulation Advantage+ᵀᴹ combines accumulation potential with innovation and flexibility

MINNEAPOLIS – March 19, 2024 – Allianz Life Insurance Company of North America (Allianz Life) announced today that its newest accumulation-focused product, Allianz Accumulation Advantage+TM Annuity, is now available.

Allianz Accumulation Advantage+TM is a fixed index annuity that combines powerful accumulation potential with a premium bonus[i], signature Allianz innovations and flexible design. Allianz has also recently added a new FIA with a shorter, seven-year withdrawal charge period, Allianz Accumulation Advantage 7TM Annuity, to its suite of products.

“We are expanding our options to help more people accumulate money for retirement,” said Heidi Vanderkloot, head of FMO distribution, Allianz Life. “Many people are looking for ways to grow their retirement assets while mitigating potential risks. Our new FIAs offer protection of principal and growth potential to help people move toward their ideal retirement.”

Two in three Americans (66%) said they need to accumulate more money to retire but are too nervous to invest more in the market in a recent study from Allianz Life*. Yet, fear of market volatility is keeping Americans from taking actions that could grow their retirement assets. The majority of Americans (61%) said they would rather have their money sit in cash than endure market swings.

Allianz Accumulation Advantage+TM includes signature innovations like Index Lock, which gives clients the control to lock in an index value at any point once per crediting period[ii] and multi-year point-to-point crediting with participation rates that are designed to start higher than one-year allocation options and increase each year[iii]. Full accumulation value is available to the Allianz Accumulation Advantage+TM contract owner after 10 years. 

The flexible design of Allianz Accumulation Advantage+TM offers 10% free withdrawals annually available as soon as the contract year following any contract year a premium payment was made. Plus, any unused free withdrawal percentage carries over into the following contract year, up to a maximum of 20%.

 *Allianz Life conducted an online survey, the 2023 Q4 Quarterly Market Perceptions Study in November 2023 with a nationally representative sample of 1,005 Respondents age 18+.


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


[i] Bonus products may include higher withdrawal charges, longer withdrawal charge periods, lower caps, lower participation rates, higher spreads or other restrictions that are not included in similar products that don’t offer a bonus.

[ii] Exercising an Index Lock may result in an interest credit higher or lower than if a lock had not been exercised.

[iii] Although MY (multi-year) point-to-point crediting is designed to offer higher rates than its 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. The renewal participation rate may differ significantly – up or down – at the company’s discretion, relative to the initial participation rate.

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. The company is a leading provider of fixed index annuities, registered index-linked annuities, fixed index universal life insurance, and buffered ETFs via our subsidiary Allianz Investment Management, LLC. Allianz Life is part of Allianz SE, a global leader in the financial services industry with approximately 160,000 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.