[Narrator] Financial protection, the potential for supplemental retirement income, and Angie.
[Angela]Hi, I'm Angela. Most people call me Angie.
[On-screen disclosure] Hypothetical client for illustrative purposes. Not an actual Allianz client. [End of on-screen disclosure]
I'm 40 years old and I need to start giving my retirement some serious thought. I mean, I've got the dreams, but I know I'm going to need the income, too. Will I have enough money between my 401(k) and Social Security? How can market drops affect my savings? And what if something happens to me before I retire? Where would the money come from to take care of my Allison and Benji? So I need financial protection for my family, plus the potential for supplemental retirement income. Oh, and reducing my tax liability would be nice too. Am I asking for too much here? Well, my financial professional didn't think so. And he showed me how I can get a lot of what I need from one life insurance policy.
With fixed index universal life insurance, my family is protected through the death benefit if something happens to me.
[On-screen disclosure] The death benefit is generally income-tax-free to beneficiaries. [End of on-screen disclosure]
But even more, I also have the ability to build my assets for the future. That's because the accumulation value of my policy can grow over time, tax-deferred.
[On-screen disclosure] This hypothetical example is provided for illustrative purposes only and does not represent an actual Allianz client. Certain fees and expenses will reduce policy values. [End of on-screen disclosure]
But that's just the beginning, because my policy tracks the movements of a market index, but isn't actually invested. I can get an increase when the market is up, and if the index goes down, I won't lose anything due to the drop. My accumulation value is protected from market losses.
[On-screen disclosure] Policy loans and withdrawals will reduce the available cash value and death benefit and may cause unintended consequences, including lapse or taxable events. Please see full loan and withdrawal disclosure within this material for details. [End of on-screen disclosure]
And then down the line, I can access that money through policy loans and withdrawals that may be income-tax-free, and use it for whatever I want, like additional money in retirement so I can travel. To Paris, to Athens, or maybe I'll just get an RV and just hit the road.
[On-screen disclosure] Policy loans and withdrawals will reduce the available cash value and death benefit and may cause unintended consequences, including lapse or taxable events. Please see full loan and withdrawal disclosure within this material for details. [End of on-screen disclosure]
[Narrator] Accessing your money through your fixed index universal life insurance will not impact your Social Security retirement benefits. When properly designed, there are no penalties for accessing your cash value before age 59½, and there are no required minimum distributions. Be sure to monitor your policy values to avoid policy lapse and potential tax implications.
[Angela] Travel, buy a retirement home? With an RV, I can do both.
[Narrator] Find out how fixed index universal life insurance can help support your financial and retirement goals. Contact your financial professional.
[On-screen disclosures]
Life insurance requires health and financial underwriting.
Fixed index universal life insurance is not a source for guaranteed retirement income.
There is no guarantee that a policy will be credited with indexed interest in any given policy year or that a policy will earn sufficient interest to support a loan strategy.
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.
Product and feature availability may vary by state and broker/dealer.
Guarantees are backed solely by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America (Allianz).
Products are issued by Allianz Life Insurance Company of North America, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297.
800.950.1962. www.allianzlife.com
P64339
[End of on-screen disclosures]
Along with the death benefit for protecting your family, FIUL offers the potential to build accumulation value tax-deferred. Any available cash value can be accessed through policy loans or withdrawals1 and used for a variety of reasons – such as potentially helping bridge the gap between your retirement savings and your retirement goals.
Learn how FIUL can protect your assets while supporting retirement goals.
See how FIUL could support your lifestyle, emergency, and legacy goals.
Get an overview of Allianz Life Pro+® Advantage Fixed Index Universal Life.
1 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.
FIUL requires qualification through health and financial underwriting.
FIUL is not a source for guaranteed retirement income.
The death benefit is generally income-tax-free when passed on to beneficiaries.
Product and feature availability may vary by state and broker/dealer.
Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America.
Products are issued by Allianz Life Insurance Company of North America, PO Box 59060, Minneapolis, MN 55459-0060. (P64339)
