Life Pro+ Advantage provides flexibility and access to the cash value via policy loans and withdrawals 3 while the insured is living. 2 Policy loans and withdrawals will reduce the available cash value and death benefit and may cause the policy to … The Bloomberg Barclays US Aggregate Custom RBI Unfunded Index is comprised of a portfolio of derivative instruments that are designed to provide exposure to U.S. Investment-grade and Treasury bond markets in excess of a benchmark rate. The S&P 500 is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Allianz. (P64339). Indexes can have different constituents and weighting methodologies. The Allianz Life Pro+ Elite index menu includes a fixed-interest option, the Bloomberg US Dynamic Balance Index II, the Allianz True Balance index and the PIMCO Tactical Balanced Index. • PIMCO Tactical Balanced ER Index: Shifts weighting between an equity and bond index daily The Index is a trademark of Pacific Investment Management Company LLC ("PIMCO") and has been licensed for use for certain purposes by Allianz Life Insurance Company of North America (the "Company" or “Allianz”) with respect to this Allianz product (the "Product"). It is the first policy of its kind to offer Index Lock, an exclusive feature that gives your clients the ability to lock in … This could be an option for clients who are willing to pay a charge in return for a higher bonus and greater indexed interest potential. Wealth Management. The Allianz Life Index Advantage Annuity can provide the ability to attain a nice amount of growth, while also limiting the amount of loss that can be incurred in a given time period. This option can only be elected at issue. The company's greatest strength is its selection of annuity solutions, although its stellar financial strength is also another strong point for it. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). 1 Fees and expenses will reduce the accumulation value. Medicare crisis solved?! PIMCO’s Trademark(s) are trademarks of PIMCO and have been licensed for use by SPDJI and Allianz. Caps and/or participation rates will vary depending on the option selected; ask your financial professional for the current rates. 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. Standard: No bonus The PIMCO Synthetic Bond Index is comprised of a small number of derivative instruments designed to provide exposure to U.S. investment-grade and Treasury bond markets. Allianz launches its newest IUL Accumulation product – Life Pro+ Advantage. It is important for you, as an agent, to understand all of the products that you can offer your clients. At the same time, Allianz Life is introducing changes that will help comply with the newest phase of Actuarial Guideline 49 (AG 49 A), which is intended to help standardize fixed index universal life (FIUL) insurance policy illustrations across the industry by establishing guidelines that are more conservative. The expense charge is deducted from the current accumulation value for the first 15 policy years, or through age 32 for juveniles. What We Offer Annuities . A provider of fixed index annuities, Allianz Life is part of Allianz SE, a global company involved in the financial services industry with over 142,000 employees in more than 80 countries. The S&P 500® Index (S&P 500®) is comprised of 500 stocks representing major U.S. industrial sectors. The U.S. Equity Futures Custom Index provides exposure to large cap U.S. stocks in excess of a benchmark rate. A bonus design that multiplies any annual indexed interest by 40% but also includes a 1% annual asset charge. PIMCO shall have no responsibility or liability with respect to the Product. Terms, conditions, and exclusions apply. Please Join Jeff Wick with Allianz! In order to tune Life Pro+ Advantage IUL for maximum illustrated performance under AG 49-A, Allianz added a new suite of indices so-called Classic allocations that have a 0.9% guaranteed interest bonus in all years. This could be an option for clients who may want a conservative approach and a guaranteed credit. Premium Deposit Fund Rider – combines all of the advantages of life insurance with the simplicity of a single lump-sum payment. PIMCO disclaims all warranties, express or implied, including all warranties of merchantability or fitness for a particular purpose or use. View Guidelines. You can learn more about bonus opportunities further down the page. There are three separate annual fees associated with the Allianz Index Advantage Variable Annuity: a 1.25% product fee, a $50 contract maintenance charge and a … Opening Thoughts About the Allianz Life 360 Fixed Indexed Annuity. The PIMCO Tactical Balanced Index is comprised of the S&P 500® Index, a bond component comprised of the PIMCO Synthetic Bond Index and a duration overlay, and cash, and shifts weighting between them daily based on historical realized volatility of the components. 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. Tax laws are subject to change and you should consult a tax professional. * Any change in the index’s value that is greater than or equal to zero will trigger a predetermined interest rate – the Trigger Interest Rate. In addition to providing death benefit protection, the new product features also provide more options for clients and new sales tools for the financial professionals who sell the policy. The Russell 2000 is constructed to provide a comprehensive and unbiased small-cap barometer and is completely reconstituted annually to ensure larger stocks do not affect the performance and characteristics of the true small-cap index. Because your needs and goals may change, you also have the opportunity to change your death benefit option after the first policy year. For more details on allocation options, see our Allocation Guide brochure. “While regulations and markets continue to change, Allianz Life is focused on delivering innovative product solutions to help clients protect their finances and address risks both in the short and long term,” said Jason Wellmann, senior vice president of Life Insurance Distribution, Allianz Life. The death benefit increases 10% if the beneficiary chooses to take the policy proceeds over 10 years or longer. Introducing Allianz – Life Pro Advantage September 26, 2019 / 0 Comments / in 3 Mark Webinars Archive / by Bruce Alfredson, CLU, ChFC View the webinar recording of the Allianz webinar Dated September 25, 2019 Here’s a quick recap of some of the company’s most advantageous attributes: 1. My money is safe from market losses and I really like the growth, bonuses and income benefits. The index allocations that offer the interest bonus will generally have lower caps and participation rates. The participation rate determines how much of the percentage of indexed growth for an index option we use to calculate any indexed interest we credit to a life insurance policy. Allianz products are not sponsored, endorsed, sold or promoted by Russell Investments and Russell Investments makes no representation regarding the advisability of investing in Allianz products. Allianz Life Insurance Company was initially founded back in the year 1890. Monthly policy charge: A policy charge of $7.50 per policy will be deducted every month on the monthly anniversary. In the event that the Index is no longer available to the Product or Product owners, the Company may seek to replace the Index with another suitable index, although there can be no assurance that one will be available. I currently have a 140% level but don't like the IMO and am looking for a change. If you pay the required minimum premium for the first 10 policy years and do not take policy loans or withdrawals, your policy will be guaranteed not to lapse during that 10-year period or until you reach age 75, whichever is earlier, but not less than five policy years. 2 May not be available in all states and the name may vary by state. Allianz Pro Life Advantage. Talk to your financial professional to see if Allianz Life Pro+ Advantage is right for you. • Policy years 10+: 4% of premium, - For supplemental premium in excess of standard premium amount: 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. 206 – Allianz Life Pro + Advantage IUL - $0.00. Term Pro+: Allianz’s one term life offering is the Term Pro+ policy. To explore which allocations you may want to consider based on your perspective on equity markets, market volatility, and interest rates, try our Allocations Insights Tool. A bonus design that adds a consistent bonus rate to the policy’s annual accumulation value. 15% bonus opportunity, Select: Death benefit option C (return of premium): Your death benefit will be equal to the specified amount plus the premium you have paid into the policy. Allianz Life had in 2018 provided USD2.8bn in benefit payments to policyholders. Me and 3 Agents write about $4MM of target premium each year. Bloomberg is not affiliated with Allianz Life Insurance Company of North America ("Allianz"), and does not approve, endorse, review or recommend the Allianz product. current Allianz Life Rate Watch, which can be found at www.allianzlife.com or by calling the Life Case Design Team at 800.950.7372. Like basic universal life, this policy has a death benefit that can be left to the beneficiary income-tax free, as well as paying for final expenses and other costs left behind after death. This brought Life Pro+ back into line with its competitors without requiring Allianz to make material adjustments to the chassis. For clients who are willing to forego the potential for a bonus in favor of higher caps and participation rates, which may result in a higher indexed interest received. The bonus rate is established at issue and is guaranteed for the policy year. The discount factor is based on age, premium class, current cash value of the policy, and current discount factor interest rate at that time. Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg US Dynamic Balance II ER Index and/or the Bloomberg US Equity Custom Futures ER Index (“Indices”). 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