The death benefit is generally paid to beneficiaries income-tax-free and can help your family maintain their way of life when you pass away, help them keep a business going, or allow them to give a gift to a favorite charity.
Allianz Life Accumulator™ offers the potential to build your accumulation value through earned interest – without the risk of loss due to market volatility (although certain fees and expenses will reduce policy values). And let’s face it – market volatility isn’t going away anytime soon.
As long as your policy has sufficient cash value, you’re able to take loans or withdrawals from any available cash value at any time – for any reason. Whether it’s supplementing retirement income, helping to pay for college, or covering an unexpected expense or major purchase.1
Build your accumulation value with two options (or a combination of both). With fixed interest, your policy is credited daily at one predictable interest rate, no matter what happens in the market during that year.
With indexed interest, you earn interest based on the performance of your choice of one or more external market indexes that your policy tracks but is not actually invested in. Because of this, your accumulation value (including any interest you’ve received) can never be lost due to market downturns (although fees and expenses will still be deducted).
Any interest you earn is tax-deferred – without taxes chipping away at your accumulation value, you’ll have more in your policy to take advantage of the power of compounding over time.
Each indexed allocation is a combination of an external market index and a formula for crediting your interest, called a crediting method. We offer a variety of allocation options, including some with bonus potential.
You will potentially receive interest based on positive changes in the index(es) you’ve selected, subject to the crediting method. Crediting methods include caps (an upper limit on how much interest you can receive) and/or participation rates (the percentage of an index return that will be credited to your policy).
Caps and/or participation rates will vary depending on the option selected; ask your financial professional for the current options.
Optional riders allow you to customize the policy for your unique situation – including riders that allow access to the death benefit while the insured person is still alive, in the case of chronic or terminal illness.
There are also riders for additional coverage options, and waivers for certain policy charges. There’s even a rider to prevent potential policy lapse while there is an outstanding policy loan. (Please note that rider availability, terms, and conditions may vary by state.)
Allianz Life Accumulator™ is the first life insurance policy to offer Index Lock.2 For many of our allocation options, you can use Index Lock to lock in an index value once at any point during the crediting period. You can even pre-set index value targets, and if it’s reached, our Auto Lock feature will lock it in automatically.
Once locked, you have the certainty of knowing you’ll end the crediting period with an increase – no matter what happens in the market afterward.
Since our founding in 1896, through bull markets and bear markets, we’ve established a long track record of keeping our promises. Consistently high ratings from independent financial rating agencies reflect our stability, integrity, and strength.
This type of permanent insurance offers a death benefit and other benefits, typically for the rest of your life, assuming you pay the proper premium payments.
Get answers about how indexed universal life insurance works, why you may need coverage, and the application process.
Including an easy calculator to estimate the life insurance coverage you may need, help in understanding index allocation options, and consumer brochures.
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.
2 Setting targets authorizes Allianz to automatically activate an Index Lock once the target is reached, based on the index interest rate percentage at the end of the business day. Targets need to be renewed after each crediting period unless auto-renewal is active. Auto-renewal is only available with the upper target. Activating Index Lock manually will cancel any current targets you have set for the current crediting period.
Because the index value locks at the end of the day, the value used to determine your index credit may be higher or lower than at the time of the request. Exercising an Index Lock may result in a credit higher or lower than if the Index Lock had not been exercised. We will not provide advice or notify you regarding whether you should exercise an Index Lock or the optimal time for doing so.Bonused products may include higher surrender charges, longer surrender periods, lower caps, or other restrictions that are not included in similar products that don’t offer a bonus. The index allocations that offer the interest bonus will generally have lower caps and participation rates. Not all bonuses guarantee that a policy will be credited with an interest bonus every year as some are based on the growth of an index.
Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America.
• 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 55459-0060. (P64339)
This content does not apply in the state of New York.
Product and feature availability may vary by state and broker/dealer.
