[Narrator] When you get down to it, life insurance is a commitment from us, and not just to your clients. It's also our commitment to you, the financial professional, a promise that you can rely on us for the products, the support, and the innovation that your ongoing success depends on. And it begins with our company's strength.
[On-screen disclosure] Allianz Group, Interbrand Best Global Brands, October 2022. [End of on-screen disclosure]
[On-screen disclosure] Guarantees are backed solely by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America. [End of on-screen disclosure]
[Narrator] After all, any financial product is only as strong as the company behind it. Allianz Life Insurance Company of North America is a leading provider of retirement and financial solutions, and part of a global powerhouse, the world's number-one-ranked insurance brand. We manage our portfolio to help deliver dependable, long-term results, and weather all market conditions. Consistently high ratings from independent rating agencies reflect our stability, integrity, and strong balance sheet.
[On-screen disclosure] Allianz Investment Management U.S. LLC, a wholly owned subsidiary of Allianz Life Insurance Company of North America, provides hedging and investment services for the broader Allianz Group. [End of on-screen disclosure]
[Narrator] And our extensive risk management capabilities support the innovation that drives our fixed index universal life insurance policies.
[Narrator] It begins with death benefit protection that's generally income-tax-free for beneficiaries, but our FIUL policies also offer accumulation potential based on indexed interest or fixed interest, along with protection from loss due to drops in the market.
[On-screen disclosure] Fees and charges will reduce policy values. [End of on-screen disclosure]
[Narrator] And we go even further, with special volatility-controlled index allocation options that can help reduce the impact of market turbulence, and our Index Lock, which clients can use once per crediting period to lock in and keep an index value until the end of the crediting period, no matter what happens in the market after they've set the lock.
[On-screen disclosure] Index Lock is available on select index allocation options. [End of on-screen disclosure]
[On-screen disclosure] This hypothetical example is provided for illustrative purposes only and does not represent an actual Allianz client. Setting targets with Auto Lock authorizes Allianz to automatically activate an Index Lock once the target is reached. See full Auto Lock disclosure at end of video for details. [End of on-screen disclosure]
[Narrator] They can even set an interest rate percentage to target, and if their index value reaches or exceeds that percentage, our Auto Lock feature will automatically lock it in, freeing you up from daily tracking of index values.
[On-screen disclosure] Policy loans and withdrawals will reduce the available cash value and death benefit and may cause unintended consequences, including lapse or taxable events. Please see full loan and withdrawal disclosure at the end of this video for details. [End of on-screen disclosure]
[Narrator] And as your clients build their policies' accumulation value, it can be accessed any time for any purpose with loans and withdrawals that are potentially income-tax-free. Competitive loan options include a locked-in annual indexed loan rate that's guaranteed for the life of the policy. So before you choose a life insurance provider to work with, make sure that it's a life insurance provider that works for you. And remember that at Allianz, we're in it for life. To find out more, call the Life Case Design Team at 800-950-7372.
[On-screen disclosures]
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.
Although an external index may affect the interest credited, the policy does not directly participate in any equity or fixed income investments. Your clients are not buying shares in an index.
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.
Setting targets with Auto Lock 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, therefore the actual value received may be more or less than the value at the time of the request. Targets needs to be renewed after each crediting period and must be greater than the current index return for the crediting period. This service may be discontinued at any time. There is no guarantee that a policy will earn indexted interest in any given year, even if utilizing Index Lock or Auto Lock. Index Lock is available with certain indexes and only available with the annual point-to-point with participation rate crediting method.
Guarantees are backed solely by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America (Allianz).
Product P64339 is issued by Allianz Life Insurance Company of North America.
Product and feature availiability may vary by state and broker/dealer.
For financial professional use only – not for use with the public
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[End of on-screen disclosures]
