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Custom-fit your coverage

Allianz Life Pro+ starts with an income-tax-free death benefit. Death benefit proceeds can be used to pay down debt, supplement college expenses, help with business succession planning, and/or final expenses. But the protection goes beyond life insurance and includes a death benefit so you can address several of your financial concerns with one policy.

Allianz Life Pro+ may be a good fit if you need life insurance and like the opportunity to accumulate cash value for future needs. The potential cash value can be accessed income-tax-free through policy loans1 or withdrawals for various purposes, such as supplemental college funding or retirement income.

With Allianz Life Pro+, any cash value has the potential to accumulate tax-deferred based on positive changes in an external market index – and is guaranteed to never decrease due to market volatility (although certain fees and charges will decrease cash value). As an alternative to indexed interest, you have the option of allocating all or part of your money to a fixed interest account.

Allianz Life Pro+ can also help protect your purchasing power by providing an annual interest credit to the policy, based on any positive changes in the Consumer Price Index. This feature is available through an optional rider (which is available at an additional cost). Many optional riders are available for you to choose from (some at an additional cost) to provide you with the type of protection you want most.

1Policy loans and withdrawals will reduce the available cash value and death benefit and may cause the policy to lapse, or affect guarantees against lapse. 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. Tax laws are subject to change and you should consult your tax professional.

Issue age and minimum

You must be age 80 or younger to purchase Allianz Life Pro+ .1

The minimum initial premium payment is based on age, gender, risk class, death benefit, and riders, but is never less than $25/month or $300/year.

Risk classes

Available risk classes include:

  • Nontobacco (ages 18-80): Preferred Plus, Preferred, Standard
  • Tobacco (ages 18-80): Preferred Tobacco, Standard Tobacco
  • Juvenile: (ages 0-17)

Death benefit

Minimum death benefit on the insured begins at $100,000, with a $65,000,000 maximum death benefit (subject to limitations).

Death benefit options

You have the flexibility to choose which death benefit option best suits your needs. Because your needs and goals may change, you also have the opportunity to change your death benefit option after the first policy year.

  • Death benefit option A (level): Your death benefit will be equal to the specified amount.
  • Death benefit option B (increasing): Your death benefit will be equal to the specified amount plus the accumulation value.
  • Death benefit option C (return of premium): Your death benefit is equal to the specified amount plus the premium you have paid into the policy. This option can only be elected at issue.

Premium payment options

Available payment options include:

  • Annual
  • Semiannual
  • Quarterly
  • Monthly
  • Premium Deposit Fund Rider - Combines all of the advantages of life insurance with the simplicity of a single lump-sum payment. By submitting a lump-sum amount to the PDF, we're able to automatically transfer your annual premium payments into your life insurance policy for you. This feature is available at no additional cost, but is not available in all states. The funding period can be designated between 3-10 policy years.

Guarantees

If you pay the required minimum premium for the first 10 policy years and do not take policy loans or withdrawals, your policy will be guaranteed not to lapse during that 10-year period.

Survivor benefit

The death benefit increases 10% if the beneficiary chooses to take the policy proceeds over 10 years or longer.

At age 120

When the insured turns 120, the death benefit equals the accumulation value. All loans will be allocated to the fixed allocation and will be charged the preferred loan rate. No premium will be accepted after age 120, unless it’s necessary to keep the policy in force, and no deductions or charges will be assessed after the insured reaches age 120.

Accessing your death benefit

Chronic Illness Accelerated Benefit Rider2
Terminal Illness Accelerated Benefit

Charges/fees

  • Premium charge: A premium charge of 5% will be deducted as each premium is paid into the policy.
  • Monthly insurance cost charge: An insurance cost charge will be deducted every month on the monthly anniversary and is based on factors such as age, gender, and risk class.
  • Monthly policy charge: A policy charge of $7.50 per policy will be deducted every month on the monthly anniversary.
  • Monthly expense charge: An expense charge will be deducted every month on the monthly anniversary and is based on age, gender, and risk class.
Surrender charge

10-year decreasing surrender charge (based on age, gender, death benefit amount, and risk class).

Allocation options

Index allocation options

You may select Standard Index Allocations in increments of 1% and change your selections on every policy anniversary. Your options are:

  • A blended index that is comprised of Dow Jones Industrial Average (35%), Barclays Capital U.S. Aggregate Bond Index (35%), EURO STOXX 50® Index (20%), and Russell 2000® Index (10%)
  • Blended index with 2% annual floor
  • S&P 500®
  • Nasdaq-100®

The following tables show the index options and crediting methods available for Standard Index Allocations

  Annual point-to-point Monthly average Monthly sum Trigger (annual point-to-point)
Blended index yes yes no no
Blended index with 2% floor yes yes no no
S&P 500® yes no yes yes
Nasdaq-100® yes no yes no
Select Index Allocations

The Select Index Allocations allow you to receive a higher cap and/or participation rate percentage in return for a 1% allocation charge The allocation charge decreases the current value in a Select Index Allocation, but will not decrease the guaranteed accumulation value.

  • Blended index: Dow Jones Industrial Average (35%), Barclays Capital U.S. Aggregate Bond Index (35%), EURO STOXX 50® Index (20%), Russell 2000® Index (10%)
  • S&P 500®

You cannot allocate to Standard Index Allocations and Select Index Allocations at the same time.

The following tables show the index options and crediting methods available for Select Index Allocations

  Annual point-to-point Monthly average Monthly sum Trigger (annual point-to-point)
Blended index yes yes no no
S&P 500® yes no no no
Fixed interest allocation

You may also select fixed interest for a portion of your policy values. Your fixed interest rate is guaranteed to never be less than 2%; ask your financial professional for the current rate.

Rates

The participation rate will vary depending on which crediting method you choose. The participation rate determines how much of the percentage of indexed growth for an index option we use to calculate any indexed interest we credit to a life insurance policy.

  • If you choose the monthly sum or annual point-to-point crediting method, which include caps on indexed interest, Allianz will guarantee a 100% participation rate over the life of the policy.
  • If you choose the monthly average crediting method, Allianz will establish the participation rate on each policy anniversary. The participation rate is guaranteed to never be less than 25%.
  • If the Barclays US Dynamic Balance Index options are chosen, Allianz will establish the participation rate on each policy anniversary. This participation rate will be guaranteed to never be less than 20% for the higher participation rate option, and never less than 15% for the annual floor option. For the option with annual floor, the annual floor is set by Allianz at the start of the policy, and upon each policy anniversary, and is guaranteed to never be less than 1%.

Barclays US Dynamic Balance Index allocation options are not available until 3/25/2014

How much indexed interest your policy can earn may be limited by a cap. The cap is the maximum percentage of index change we use for a specified time period to determine how much interest we credit to your policy in a given contract year. Ask your financial professional for the current cap.

The annual floor depends on the index allocation option you choose. If the index performance is flat or negative, you will still receive credited interest equal to the annual floor.

Accessing your cash value

Allianz Life Pro+ provides flexibility and access to the cash value via policy loans and withdrawals1 while the insured is living. There are several ways to access your available cash value without incurring surrender charges:

  • Participating loan
  • Standard loan
  • Preferred loan
  • Withdrawals/partial surrenders

Riders that may be available at an additional cost

  • Inflation Protection Rider
  • Waiver of Specified Premium Rider
  • Enhanced Liquidity Rider
  • Enhanced Cash Value Rider
  • Additional Term Rider
  • Other Insured Term Rider
  • Long Term Care Accelerated Benefit Rider
  • Child Term Rider
  • Loan Protection Rider

Riders may not be available in all states.

1Issues age is 18-75 in OR, 0-75 in PA.

2The Chronic Illness Accelerated Benefit Rider is subject to age and underwriting requirements. It is available at an additional cost at the time the rider is exercised. There is no cost if the rider is not exercised.


Next steps:

Talk to your financial professional to see if Allianz Life Pro+ is right for you. Here are some questions they can help answer:

  1. How can the policy provide your beneficiaries with financial reassurance?
  2. How does the policy provide opportunities for tax-deferred accumulation?
  3. Can the policy help me address other financial needs?

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

Standard & Poor’s 500® index (S&P 500®) is comprised of 500 stocks representing major U.S. industrial sectors. The Dow Jones Industrial Average is a popular indicator of the stock market based on the average closing prices of 30 active U.S. stocks representative of the overall economy.

S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). These trademarks have been licensed for use by S&P Dow Jones Indices LLC and its affiliates. S&P® and S&P 500® are trademarks of S&P and Dow Jones®, Dow Jones Industrial AverageSM, DJIA, and The Dow are trademarks of Dow Jones. These trademarks have been sublicensed for certain purposes by Allianz Life Insurance Company of North America (“Allianz”). The S&P 500 and Dow Jones Industrial Average (DJIA) are products of S&P Dow Jones Indices LLC and/or its affiliates and have been licensed for use by Allianz. Allianz products are not sponsored, endorsed, sold, or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P, or their respective affiliates make any representation regarding the advisability of investing in such product.

The Barclays Capital U.S. Aggregate Bond Index is comprised of U.S. investment-grade, fixed-rate bond market securities, including government agency, corporate, and mortgage-backed securities. The Barclays US Dynamic Balance Index is comprised of the Barclays Capital U.S. Aggregate Bond Index and the S&P® Index and shifts weighting daily between them base on realized market volatility.

Allianz products are not sponsored, endorsed, sold, or promoted by Barclays Capital. Barclays Capital makes no representation or warranty, express or implied, to the owners of Allianz products or any member of the public regarding the advisability of investing in securities generally or in Allianz products particularly or the ability of the Barclays Capital Indices, including without limitation, the Barclays Capital U.S. Aggregate Bond Index and Barclays US Dynamic Balance Index to track general bond market performance. Barclays Capital’s only relationship to Allianz Life Insurance Company of North America and its affiliates (“Allianz”) is the licensing of the Barclays Capital U.S. Aggregate Bond Index and Barclays US Dynamic Balance Index which is determined, composed, and calculated by Barclays Capital without regard to Allianz or Allianz products. Barclays Capital has no obligation to take the needs of Allianz or the owners of Allianz products into consideration in determining, composing, or calculating the Barclays Capital U.S. Aggregate Bond Index and Barclays US Dynamic Balance Index, Barclays Capital is not responsible for and has not participated in the determination of the timing of, prices of, or quantities of Allianz products to be issued or in the determination or calculation of the equation by which Allianz products are to be converted into cash. Barclays Capital has no obligation or liability in connection with the administration, marketing, or trading of Allianz products.

BARCLAYS CAPITAL DOES NOT GUARANTEE THE QUALITY, ACCURACY, AND/OR THE COMPLETENESS OF THE BARCLAYS CAPITAL INDICES, OR ANY DATA INCLUDED THEREIN, OR OTHERWISE OBTAINED BY ALLIANZ, OWNERS OF ALLIANZ PRODUCTS, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE BARCLAYS CAPITAL INDICIES, INCLUDING WITHOUT LIMITATION, THE BARCLAYS CAPITAL U.S. AGGREGATE BOND INDEX AND BARCLAYS US DYNAMIC BALANCE INDEX, IN CONNECTION WITH THE RIGHTS LICENSED HEREUNDER OR FOR ANY OTHER USE. BARCLAYS CAPITAL MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE BARCLAYS CAPITAL INDICIES, INCLUDING WITHOUT LIMITATION, THE BARCLAYS CAPITAL U.S AGGREGATE BOND INDEX AND BARCLAYS US DYNAMIC BALANCE INDEX, OR ANY DATAT INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL BARCLAYS CAPITAL HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMANGE (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

The EURO STOXX 50® Index, Europe's leading blue-chip index for the Eurozone, provides a blue-chip representation of supersector leaders in the Eurozone. The Index covers 50 stocks from 12 Eurozone countries: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain. The EURO STOXX 50® is the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland. Allianz products based on the Index are in no way sponsored, endorsed, sold, or promoted by STOXX and shall not have any liability with respect thereto.

Russell 2000® Index is an equity index that measures the performance of the 2,000 smallest companies in the Russell 3000® Index, which is made up of 3,000 of the biggest U.S. stocks. The Russell 2000 is constructed to provide a comprehensive and unbiased small-cap barometer and is completely reconstituted annually to ensure larger stocks do not affect the performance and characteristics of the true small-cap index.

The Russell 2000® Index is a trademark of Russell Investments and has been licensed for use by Allianz Life Insurance Company of North America. The product is not sponsored, endorsed, sold, or promoted by Russell Investments and Russell Investments makes no representation regarding the advisability of investing in the product.

• 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, PO Box 59060, Minneapolis, MN 55469-0060. (P54350)

In the state of New York, only Allianz Life Insurance Company of New York is authorized to offer annuities and life insurance.

Product and feature availability may vary by state and broker/dealer.

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