[Narrator] Unfortunately, you can’t lock in great weather for your vacation, or lock in your best golf swing, and have it the rest of your round. But, when it comes to providing for future financial needs, there is a way you can lock in a level of protection against the unknown … with Allianz Life Pro+® Advantage Fixed Index Universal Life Insurance Policy.
Of course, it starts with a death benefit that’s income-tax-free to your beneficiaries.
[On-screen disclosure] The death benefit is generally paid to beneficiaries income-tax-free. [End of on-screen disclosure]
That can help ensure your family will be able to maintain their standard of living after you pass away, whether that includes staying in the family home, or supplementing lost income.
But Life Pro+ Advantage goes beyond that, with additional benefits – including the potential for your policy to build accumulation value through fixed interest or indexed interest based on the performance of an external market index.
With that option, your policy is not actually invested in an index, but if the index goes up, you’re credited with interest.
[On-screen disclosure] Potential interest credited may be subject to a cap or participation rate. [End of on-screen disclosure]
And once your interest is credited, it can’t be lost due to a drop in the index. In that case, you’d receive zero interest that year, and fees and expenses will reduce your policy value. And now you can also be protected against the possibility of receiving zero interest – with Index Lock.
Here’s how it works: Once during a crediting period, you can set the lock at any point you’re comfortable with the current index value. Your index value will then lock in for that crediting period. You’re no longer subject to market volatility in the period, and you’re assured of receiving the index value you’ve locked in – even if the actual index value ends lower after the lock is in place. Of course, it’s possible that, by locking in an index value you’re comfortable with, you could receive more or less interest than if you had chosen not to lock. But if you’d rather have the certainty of knowing that you’ll receive a positive index credit, no matter what – then Index Lock is for you.
[On-screen disclosure] The index value used to determine interest credited may be higher or lower than the index value at the time of request. [End of on-screen disclosure]
Allianz Life Pro+® Advantage and Index Lock are designed to help you accumulate more value over time, which you may be able to access for future financial needs through policy loans or withdrawals. Talk to your financial professional about Life Pro+ Advantage and whether it’s a good fit for your financial strategy.
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 taxa leas ordinary income to the extent there are earnings in the policy. If any of these features are exercised prior to age 59½ on an MEC, a 10% federal additional tax may be imposed. Tax laws are subject to change and you should consult a tax professional.
The indexes available within the policy are constructed to keep track of diverse segments of the U.S. or international markets, or specific market sectors. These indexes are benchmarks only. Indexes can have different constituents and weighting methodologies. Some indexes have multiple versions that can weigh components or may track the impact of dividends differently. Although an index may affect your interest credited, you cannot buy, directly participate in, or receive dividend payments from any of them through the policy.
Guarantees are backed by the financial strength and claims-paying ability of the issuing company.
Products are issued by Allianz Life Insurance Company of North America (Allianz). 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. 800.950.1962. www.allianzlife.com
[End of on-screen disclosures]