Supplementing income during retirement

How indexed universal life (IUL) insurance can play a role


Retirement income planning strategies should include flexibility for changing financial needs

Along with the death benefit1 for protecting your loved ones, IUL can also help support your retirement strategy, with the potential to build accumulation value tax-deferred.

Any available cash value can be accessed through policy loans or withdrawals2 and used for a variety of reasons. For retirees, it can be a source of funds to help adapt to changes in your cost of living or other unplanned expenses – and to help bridge the gap between your retirement savings and your retirement goals.

Video CameraVideo Camera

Meet Angie – an IUL policy owner with an eye on retirement

Watch this short video for Angie’s story on how she’s using indexed universal life insurance to help supplement her retirement income – and help enable her retirement dreams.

Talk to your financial professional about how IUL could benefit you

Here are some things to discuss:

Sustain ValueSustain Value
How can the policy support your retirement income strategy?
Icon Calendar MoneyCalendar Money
How can the policy support your financial needs leading up to retirement?
How can the policy help in creating a legacy through the death benefit?

1 The death benefit is generally income-tax-free when passed on to beneficiaries.

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.

IUL is not a source for guaranteed retirement income. There is no guarantee that a policy will earn sufficient interest to support a loan strategy.

IUL requires qualification through health and financial underwriting.

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

Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America.

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.