Allianz Life Pro+® Advantage Fixed Index Universal Life Insurance Policy

Protection now – and potential benefits for the years ahead


Life insurance designed for needs throughout life


Leave a death benefit to loved ones

This death benefit is generally 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.

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Build a resource – without market risk

Allianz Life Pro+® Advantage offers the potential to build your accumulation value through earned interest – without the risk of losses due to market volatility.1 Any interest you earned is tax-deferred – and 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.


Access funds for financial needs

Allianz Life Pro+® Advantage offers flexible choices for accessing your available cash value accumulation when you want – for what you want. Using loans or withdrawals, you can supplement a retirement or college funding strategy, have funds for a financial emergency, or help pay for any other financial need.2


Get a “living” benefit to help with serious illness

In the event of a chronic or terminal illness, Allianz Life Pro+® Advantage lets you accelerate a portion of the death benefit to help with medical or other costs.


Customize your coverage to your needs

Allianz Life Pro+® Advantage has additional riders and benefits, so you can customize your policy for your specific needs.


Build your accumulation value with fixed interest, indexed interest or both

Fixed interest

  • You can allocate all or part of your policy’s accumulation value to earn fixed interest.

  • Your policy is credited annually at one predictable interest rate, no matter what happens in the market during that year.

Indexed interest

  • You can allocate all or part of your policy’s accumulation value to earn interest that’s based on the performance of one or more external market indexes. (Each index is made up of a group of investments, such as those belonging to a certain industry, or a certain type of investment.)

  • Your policy tracks the performance of your selected index(es) – but you’re not actually participating in the market or buying shares in any index.

  • If, at the end of the crediting period:
    – An index you’ve chosen shows a positive return, interest is credited.
    – The index shows a decrease, you won’t earn interest – but you won’t lose anything, either.

  • Because you’re not actually invested in the market, 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).

  • Because indexes can perform differently in a variety of market conditions, Allianz Life Pro+® Advantage offers you a variety of index options. You can choose one index option or diversify among multiple options. Diversifying can help you reduce the impact of volatility and achieve a more consistent return. (You have the ability to change your options annually.)

Diversifying within an FIUL does not ensure that a policy will be credited with interest in any given year.


Eliminate the possibility of receiving 0% interest with Index Lock

Allianz Life Pro+® Advantage is the first policy of its kind to offer Index Lock – an exclusive feature that gives you the ability to lock in an index value at any point once during the crediting period (prior to the policy anniversary).

This will be the interest credit that’s applied at the end of your crediting period – no matter what happens in the market after you’ve set the lock.3 The index will unlock at the beginning of the next policy year, and you’ll once again have the option of locking in an index value you’d be comfortable with receiving. Index Lock is available with two of our index allocations.

Watch this video for a demonstration of Index Lock


Ready to learn more?

Ask your financial professional how Allianz Life Pro+® Advantage can complement your overall financial strategy.
You can also keep reading to learn more about how the product works.

1 Fees and expenses will reduce the accumulation value.

2 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.

3 The Index Lock feature is available with certain index allocation options. The Index Lock occurs at the end of the business day, therefore the actual index value used to determine interest credited may be higher or lower than the index value at the time of request.

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)

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