Conclusion

Balancing risk and return will continue to be a focus for many investors, particularly those who are closer to retirement. But traditional ways of achieving that balance are proving less effective in the current economic climate. With people living longer, a greater need exists for sizeable retirement assets to help ensure their money lasts as long as they do. This is unlikely to happen by keeping money under the mattress, on the sidelines in cash accounts, or even in conservative investments producing minimal returns. The IVA can help address the demand for protected growth potential – offering greater upside potential while providing a level of protection against both market volatility and loss of principal due to rising interest rates.

About the authors

Matt Gray is vice president of Product Innovation at Allianz Life Insurance Company of North America (Allianz). He is a Fellow of the Society of Actuaries (FSA), a member of the American Academy of Actuaries (MAAA), and holds a Series 7 securities registration

Gray has been with Allianz his entire career and spent his first 12 years as an actuary, mainly focused on developing fixed index annuity and variable annuity products. He is a graduate of the University of Minnesota, where he received a Bachelor of Science degree in mathematics.

Adam Brown is assistant vice president actuary of Product Development at Allianz. Brown has responsibilities for designing and pricing annuity products, which includes developing risk management strategies used to support the products. In addition, he educates agents, wholesalers, and registered representatives, providing a better understanding of the risk management philosophy and strategies Allianz employs.

Brown began his career with Allianz in 2003. He received a Bachelor of Science in actuarial science and a Bachelor of Arts in business from the University of St. Thomas in St. Paul, Minnesota. He is also Fellow of the Society of Actuaries (FSA) and a member of the American Academy of Actuaries (MAAA).

Guarantees are backed by the financial strength and claims-paying ability of the issuing company. Variable annuity guarantees do not apply to the performance of the variable subaccounts, which will fluctuate with market conditions.

Products are issued by Allianz Life Insurance Company of New York, One Chase Manhattan Plaza, 38th Floor, New York, NY 10005-1423. Variable products are distributed by its affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297.

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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