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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 the 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 your allocation options in increments of 1% and change your selections on every policy anniversary. Your options are:

  • Barclays US Dynamic Balance Index II3
  • 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® Index

The following tables show the index options and crediting methods available.

  Annual point-to-point Monthly average Monthly sum Trigger (annual point-to-point)
Barclays US Dynamic Balance Index II3 yes no no no
Barclays US Dynamic Balance Index II with annual floor3
yes no no no
Blended index yes yes no no
Blended index with 2% floor yes yes no no
S&P 500® index yes no yes yes
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 0.1%; 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 5%.
  • If the Barclays US Dynamic Balance Index II options are chosen, Allianz will establish the participation rate on each policy anniversary. This participation rate will be guaranteed to never be less than 5%. 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 0.5%.

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.

  • A guaranteed annual bonus of 0.6% will be credited to the policy accumulation bonus starting in year 113.

Accessing the cash value

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

  • Indexed 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.

3Available on policies issued on or after 8/4/15.


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.

The S&P 500® Index is comprised of 500 stocks representing major U.S. industrial sectors. S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"). This trademark has 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. These trademarks have been sublicensed for certain purposes by Allianz Life Insurance Company of New York ("Allianz Life® of NY"). The S&P 500 is a product of S&P Dow Jones Indices LLC and/or its affiliates and have been licensed for use by Allianz Life of NY. Allianz Life of NY 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 US Dynamic Balance Index II is comprised of the Barclays US Aggregate RBI® Series 1 Index and the S&P 500® Index and shifts weighting daily, up to 3%, between them based on realized market volatility. The Barclays US Aggregate RBI® Series 1 Index is comprised of a portfolio of derivative instruments plus cash that are designed to track the Barclays US Aggregate Bond Index. The Barclays US Aggregate Bond Index is comprised of Barclays US investment-grade, fixed-rate bond market securities, including government agency, corporate, and mortgage-backed securities. Barclays Risk Analytics and Index Solutions Limited and its affiliates ("Barclays") is not the issuer or producer of any Allianz products and Barclays has no responsibilities, obligations or duties to investors in respect of the Barclays US Aggregate Bond Index, the Barclays US Aggregate RBI® Series 1 Index or the Barclays US Dynamic Balance Index II. The Barclays US Aggregate Bond Index, the Barclays US Aggregate RBI® Series 1 and the Barclays US Dynamic Balance Index II are trademarks owned by Barclays, and the Barclays US Aggregate Bond Index and the Barclays US Dynamic Balance Index II are licensed for use by Allianz Life Insurance Company of North America as the Issuer of the Allianz product. While Allianz may for itself execute transaction(s) with Barclays in or relating to the Barclays US Aggregate Bond Index, the Barclays US Aggregate RBI® Series 1 Index or the Barclays US Dynamic Balance Index II with Allianz products, investors acquire Allianz products from Allianz Life Insurance Company of North America and investors neither acquire any interest in the Barclays US Aggregate Bond Index, the Barclays US Aggregate RBI® Series 1 Index or the Barclays US Dynamic Balance Index II nor enter into any relationship of any kind whatsoever with Barclays upon making an investment in any Allianz product. The Allianz products are not sponsored, endorsed, sold or promoted by Barclays and Barclays makes no representation regarding the advisability of any Allianz product or use of the Barclays US Aggregate Bond Index, the Barclays US Aggregate RBI® Series 1 Index or the Barclays US Dynamic Balance Index II or any data included therein. Barclays shall not be liable in any way to the Issuer, investors or to other third parties in respect of the use or accuracy of the Barclays US Aggregate Bond Index, the Barclays US Aggregate RBI® Series 1 Index or the Barclays US Dynamic Balance Index II or any data included therein.

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.

The 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. Allianz products are not sponsored, endorsed, sold or promoted by Russell Investments and Russell Investments makes no representation regarding the advisability of investing in Allianz products.

• 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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