The Performance Lock feature is a powerful tool that offers flexibility and increased control, giving your clients the opportunity to potentially capture gains or limit losses on each index option throughout the term. Our registered index-linked annuities (RILAs) are offered through Allianz Life Insurance Company of North America (Allianz) and Allianz Life Insurance Company of New York (Allianz Life of NY).
Unlock more control with Performance Lock
A key to help manage volatility, increase client confidence, and support your business
Why consider Performance Lock for clients?
Americans want reassurance during volatile markets:1
73% are interested in a financial product that allows the opportunity to lock in gains or limit some losses.
64% are nervous about investing in the market, but don’t want to miss out on potential gains.
How Performance Lock works
These hypothetical examples show how your clients can potentially capture gains or limit losses with Performance Lock.
Capture gains
During each index year, if the index option return is positive, you can lock in and protect potential gains.2
Limit losses
During each index year, if the index option return is negative, you can lock in and protect against further losses.2
What makes our Performance Lock different?
Time-tested data
We're the originators of the industry's first lock feature for RILA products and have time-tested data.***
697,000+ Performance Locks executed
$4.2 billion of gains locked in
11.91% average return locked
These Performance Lock feature results are based on RILA contracts from Allianz Life Insurance Company of North America and Allianz Life Insurance Company of New York. A breakdown by company is provided below in the disclosure.***
Flexibility
Two ways to request a Performance Lock
After logging in to Allianz or Allianz Life of NY, you or your3 clients can execute a Performance Lock:
1. Manually4 or,
2. Automatically4 by setting upper and/or lower targets for each index option.
Two choices after a Performance Lock is executed
Your clients have the choice to reallocate locked index options:
- Stay locked until the next Index Anniversary that occurs on or immediately after the lock date, and begin a new term at that point.
- Lock and get back in (also referred to as Early Reallocation) right away or before the next Index Anniversary.5
First-class service model
- Consistent personal support with automated Performance Lock report emails.
- Easy access to values with tools that make it faster and easier for you to identify potential lock opportunities for your clients. Explore our innovative Lock Insights how-to-guide (PDF) to simplify the process of reviewing RILA index options.
- Seamless process to execute locks online so you can easily set automatic targets or manually lock,4 and then get back in with a few clicks up to 12 times each index year.
Explore our RILAs and Performance Lock resources
New to Performance Lock?
Contact the Sales Desk: 800.542.5427
Or fill out an information request form and we can call you.
***The total number of RILA contracts that applied the Performance Lock feature from 9/13/2013 and through 9/30/2025 was 149,524, which includes 135,875 issued by Allianz Life Insurance Company of North America (Allianz) and 13,649 issued by Allianz Life Insurance Company of New York (Allianz Life of NY). These contracts had over $4.2B of gains locked in, with an average locked return of 11.91%, from 697,558 total Performance Locks that were executed between 9/13/2013 and 9/30/2025 and includes $3.8B of gains locked in, with an average locked return of 12.01%, from 625,238 Performance Locks on contracts issued by Allianz and $366M of gains locked in, with an average lock returned of 11.10%, from 72,320 Performance Locks on contracts issued by Allianz Life of NY. Allianz Life of NY contracts did not incept until 7/1/2014. The gains locked in and average locked return data reflect aggregate gains and losses for contracts executing a Performance Lock. By executing a Performance Lock, your clients will no longer participate in any potential gains (or losses) for the rest of the crediting period. Past performance is not an indication of future results.
1 Allianz Life conducted an online survey, the 2025 2Q Quarterly Market Perceptions Study, in May 2025 with a nationally representative sample of 1,003 respondents age 18+.
2 The locked index option value will decrease for deductions of any subsequent fees, expenses, and withdrawals taken during the remainder of the index year. If you do not Early Reallocate, the index option will only stay locked for the remainder of the index year and it will “unlock” on the Index Anniversary that occurs on or immediately after the lock date.
3 Financial professionals can execute a Performance Lock with prior written authorization.
4 A Performance Lock locks in the index option value as of market close on the lock date, which you will not know at the time you request a lock or a target is reached. The index option value available for review at the time you request a manual lock, or on the day a target is reached, can be significantly different than the locked value.
5 Early Reallocation is not available within 14 calendar days before an Index Anniversary, and can happen up to 12 times in an index year. Early Reallocation is not available to Allianz® Life RILA contracts issued before 5/1/23, and may not be available in all states to Allianz® Life RILA contracts issued on or after 5/1/23. In New York, Early Reallocation is only available on the Index Advantage+ New York® RILA, which first became available on 8/13/24. Also, 6-year term index options are not available as an Early Reallocation destination on Index Advantage+ New York®. Please see the product prospectus for more information. A reallocation of locked index options can occur on or before an Index Anniversary.
Executing a Performance Lock may result in receiving less than what the performance credit would have been had a Performance Lock not been exercised. We will not provide advice or notification regarding whether a Performance Lock or Early Reallocation (also known as "get back in") should be executed, the optimal time to do so, or if a Performance Lock or Early Reallocation is exercised at a suboptimal time. We are not responsible for any losses related to executing a Performance Lock or Early Reallocation. Early Reallocation rates received may be less than the Early Reallocation rates that become available later in the index year, or the renewal rates available on the next Index Anniversary.
RILAs are subject to investment risk, including possible loss of principal. Investment returns and principal value will fluctuate with market conditions so that contract value, upon distribution, may be worth more or less than the original cost.
For more complete information about registered index-linked annuities (RILAs) and any available variable option(s), call Allianz Life Financial Services, LLC at 800.542.5427 for a prospectus. The prospectuses contain details on investment objectives, risks, fees, and expenses, as well as other information about the RILA, index options, and any available variable option(s), which your clients should carefully consider. Encourage your clients to read the prospectuses thoroughly before sending money.
Withdrawals will reduce contract values (including any cash value) and the value of any potential protection benefits. Withdrawals taken within the period stated in the prospectus will be subject to a withdrawal charge or a market value adjustment (MVA), depending on the product. All withdrawals are subject to ordinary income tax and, if taken prior to age 59½, may be subject to a 10% federal additional tax.
Guarantees are backed solely by the financial strength and claims-paying ability of the issuing insurance company and do not apply to the performance of the variable subaccount(s), which will fluctuate with market conditions.
• Not FDIC insured • May lose value • No bank or credit union guarantee • Not a deposit • Not insured by any federal government agency or NCUA/NCUSIF
Products are issued by Allianz Life Insurance Company of North America and distributed by its affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. 800.542.5427 www.allianzlife.com (L40538-01, , L40538-01-IADV) In New York, products are issued by Allianz Life Insurance Company of New York (Allianz Life of NY), 1633 Broadway, 42nd Floor, New York, NY 10019-7585 (L-40538-01-NY) www.allainzlife.com/new-york. Only Allianz Life Insurance Company of New York is authorized to offer annuities and life insurance in the state of New York.
For broker/dealer use only – not for use with the public.
Product and feature availability may vary by state and broker/dealer.
