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Allianz Life Insurance Company of North America does not provide financial planning services.

IUL is not a source for guaranteed income in retirement and is not a traditional college funding vehicle. IUL provides a death benefit that is generally paid income-tax-free to beneficiaries and offers the potential to help supplement a retirement or college funding strategy through policy loans and withdrawals.

Policy loans and withdrawals will reduce the available cash value and death benefit and may cause the policy to lapse, or affect guarantees against lapse. Withdrawals in excess of premiums paid will be subject to ordinary income tax. Additional premium payments may be required to keep the policy in force. In the event of a lapse, outstanding policy loans in excess of unrecovered cost basis will be subject to ordinary income tax. If a policy is a modified endowment contract (MEC), policy loans and withdrawals will be taxable as ordinary income to the extent there are earnings in the policy. If any of these features are exercised prior to age 59½ on a MEC, a 10% federal additional tax may be imposed. Tax laws are subject to change and clients should consult a tax professional.