Allianz Life Pro+® Advantage Fixed Index Universal Life Insurance Policy goes beyond death benefit protection – offering your clients tax-deferred accumulation potential, loan and withdrawal options, and the flexibility to adapt as their needs change.
[Narrator] Unfortunately, you can’t lock in great weather for your vacation, or lock in your best golf swing, and have it the rest of your round. But, when it comes to providing for future financial needs, there is a way you can lock in a level of protection against the unknown … with Allianz Life Pro+® Advantage Fixed Index Universal Life Insurance Policy.
Of course, it starts with a death benefit that’s income-tax-free to your beneficiaries.
[On-screen disclosure] The death benefit is generally paid to beneficiaries income-tax-free. [End of on-screen disclosure]
That can help ensure your family will be able to maintain their standard of living after you pass away, whether that includes staying in the family home, or supplementing lost income.
But Life Pro+ Advantage goes beyond that, with additional benefits – including the potential for your policy to build accumulation value through fixed interest or indexed interest based on the performance of an external market index.
With that option, your policy is not actually invested in an index, but if the index goes up, you’re credited with interest.
[On-screen disclosure] Potential interest credited may be subject to a cap or participation rate. [End of on-screen disclosure]
And once your interest is credited, it can’t be lost due to a drop in the index. In that case, you’d receive zero interest that year, and fees and expenses will reduce your policy value. And now you can also be protected against the possibility of receiving zero interest – with Index Lock.
Here’s how it works: Once during a crediting period, you can set the lock at any point you’re comfortable with the current index value. Your index value will then lock in for that crediting period. You’re no longer subject to market volatility in the period, and you’re assured of receiving the index value you’ve locked in – even if the actual index value ends lower after the lock is in place. Of course, it’s possible that, by locking in an index value you’re comfortable with, you could receive more or less interest than if you had chosen not to lock. But if you’d rather have the certainty of knowing that you’ll receive a positive index credit, no matter what – then Index Lock is for you.
[On-screen disclosure] The index value used to determine interest credited may be higher or lower than the index value at the time of request. [End of on-screen disclosure]
Allianz Life Pro+® Advantage and Index Lock are designed to help you accumulate more value over time, which you may be able to access for future financial needs through policy loans or withdrawals. Talk to your financial professional about Allianz Life Pro+® Advantage and whether it’s a good fit for your financial strategy.
[On-screen disclosures]
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 an MEC, a 10% federal additional tax may be imposed. Tax laws are subject to change and you should consult a tax professional.
The indexes available within the policy are constructed to keep track of diverse segments of the U.S. or international markets, or specific market sectors. These indexes are benchmarks only. Indexes can have different constituents and weighting methodologies. Some indexes have multiple versions that can weigh components or may track the impact of dividends differently. Although an index may affect your interest credited, you cannot buy, directly participate in, or receive dividend payments from any of them through the policy.
Guarantees are backed by the financial strength and claims-paying ability of the issuing company.
Products are issued by Allianz Life Insurance Company of North America (Allianz), 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. 800.950.1962. www.allianzlife.com
P64339
[End of on-screen disclosures]
Use these materials when meeting with clients to show the value of Fixed Index Universal Life (FIUL) Insurance now, and throughout all stages of life.
Explore our index allocation options and get help determining which may be most appropriate for the individual goals of your clients and prospects.
Indexes used to determine interest potential (PDF)
Protection with Potential - Bloomberg US Dynamic Balance II Index (PDF)
Protection with Potential - PIMCO Tactical Balanced ER Index (PDF)
Learn more about the accumulation power of Index Lock – and how our Auto Lock feature makes it easier for your clients to lock in a desired index value automatically.
Four easy steps to Index Lock (PDF)
See more ways that Allianz supports your outreach to clients.
Get access to all of our marketing tools and resources via our secure agent website – or call the Life Case Design Team at 800.950.7372.
Index Lock is available with certain indexes and only available with the annual point-to-point with participation rate crediting method.
The indexes available within the policy are constructed to keep track of diverse segments of the U.S. or international markets, or specific market sectors. These indexes are benchmarks only. Indexes can have different constituents and weighting methodologies. Some indexes have multiple versions that can weight components or may track the impact of dividends differently. Although an index may affect your interest credited, you cannot buy, directly participate in, or receive dividend payments from any of them through the policy.
The Bloomberg US Dynamic Balance II ER Index is comprised of the Bloomberg US Aggregate Custom RBI Unfunded Index and the Bloomberg US Equity Custom Futures ER Index and shifts weighting daily between them based on realized market volatility. The Bloomberg US Aggregate Custom RBI Unfunded Index is comprised of a portfolio of derivative instruments that are designed to provide exposure to U.S. Investment-grade and Treasury bond markets in excess of a benchmark rate. The Bloomberg US Equity Custom Futures ER Index is designed to provide exposure to large cap U.S. stocks in excess of a benchmark rate.
“Bloomberg®” and Bloomberg US Dynamic Balance II ER Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index (collectively, “Bloomberg”) and have been licensed for use for certain purposes by Allianz Life Insurance Company of North America ("Allianz"). Bloomberg is not affiliated with Allianz Life Insurance Company of North America ("Allianz"), and Bloomberg does not approve, endorse, review, or recommend the Allianz product. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Allianz product.
Historical returns of the Bloomberg US Dynamic Balance II ER Index with 175% participation rate and 40% bonus based on a policy start date of 3/24/2005. Actual rates that could have been applied over this time frame would have been different from the figures shown in this example and, in some cases, significantly higher or lower depending on a number of factors, including market conditions. In an effort to help the index achieve the target volatility, the index was changed as of 4/21/2020; therefore, any historical depictions including hypothetical returns will not include this change for data prior to 4/21/2020.
These examples are not intended to reflect actual results that would be realized in a policy, and are provided to show how certain policy features work. They are not a promise of future results. No single crediting method consistently delivers the most interest under all market conditions.
1 Setting targets authorizes Allianz to automatically activate an Index Lock once the target is reached, based on the index interest rate percentage at the end of the business day. Targets need to be renewed after each crediting period unless auto renewal is active.
Exercising an Index Lock may result in a credit higher or lower than if the Index Lock had not been exercised. We will not provide advice or notify you regarding whether you should exercise an Index Lock or the optimal time for doing so.
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 you should consult a tax professional.Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America.
Product P64339 is issued by Allianz Life Insurance Company of North America, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. 800.950.1962.
This content does not apply in the state of New York.
Product and feature availability may vary by state and broker/dealer.
For financial professional use only – not for use with the public.
