allianz life pro+ advantage

• PIMCO Tactical Balanced ER Index: Shifts weighting between an equity and bond index daily • S&P 500® Index: 500 stocks representing major U.S. industrial sectors. 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"). 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. The company's greatest strength is its selection of annuity solutions, although its stellar financial strength is also another strong point for it. Allianz products are neither sponsored nor promoted, distributed or in any other manner supported by STOXX, Deutsche Börse Group or their licensors, research partners or data providers and STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not give any warranty, and exclude any liability (whether in negligence or otherwise) with respect thereto generally or specifically in relation to any errors, omissions or interruptions in the EURO STOXX 50 or its data. Allianz Life Pro+ Advantage℠ Fixed Index Universal Life Insurance Policy. This brought Life Pro+ back into line with its competitors without requiring Allianz to make material adjustments to the chassis. There are several ways to access your available cash value without incurring surrender charges: May not be available in all states and the name may vary by state. Term Pro+: Allianz’s one term life offering is the Term Pro+ policy. 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.         • Policy years 1-9: 14% of premium 0.90% flat rate bonus, Bonused: 40% bonus opportunity with 1% annual asset charge. Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America. If any of these features are exercised prior to age 59½ on a MEC, a 10% federal additional tax may be imposed. Life. This trademark has been licensed for use by S&P Dow Jones Indices LLC and its affiliates. MPower Menu. 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. Why Allianz What We Offer . Discover The Allianz Advantage. However, the only index options in the Classic allocations are – you guessed it – proprietary indices. For more details on allocation options, see our Allocation Guide brochure. The Allianz Life Pro+ Survivor Fixed Index Universal Life Insurance policy is a good and cost effective way to insure two individuals at the same time. $0.00. Life Pro+ Advantage provides flexibility and access to the cash value via policy loans and withdrawals3 while the insured is living. Bonuses all begin in policy year one and are available with three of our index options shown below. Terms, conditions, and exclusions apply. As you can see, there are several benefits to partnering with Allianz for your life insurance needs. 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 […] The expense charge is calculated at the time of policy issue. * 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. Allianz Life Pro+ Fixed Universal Life Insurance is the main life product for individuals. The days of every company offering a pension are fast disappearing, and with the future solvency of Social Security benefits rapidly coming into question, it is likely that you will need a diversified strategy to fund your future. Allianz Annuities Can Be Key to Supplementing Your Future. Bloomberg does not guarantee the timeliness, accurateness or completeness of any data or information relating to the Indices, and shall not be liable in any way to Allianz, investors in the Allianz product or other third parties in respect of the use or accuracy of the Indices or any data included therein.         • Policy years 1-9: 8% of premium Monthly policy charge: A policy charge of $7.50 per policy will be deducted every month on the monthly anniversary. The discount factor is based on age, premium class, current cash value of the policy, and current discount factor interest rate at that time. The maximum discount factor is determined by the life expectancy of the insured and the discount factor at the time of acceleration. “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 EURO STOXX 50® is the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland (“STOXX”), Deutsche Börse Group or their licensors, which is used under license. Compared to the Life Pro+ Elite, there have been a few key changes and additions. – Allianz Life Pro+Advantage, a IUL product, is probably the best for retirement savings purpose – The company has low complaints through the National Association of Insurance Commissioners (NAIC) – Allianz has an A+ financial strength rating with AM Best – Got the lowest two-circle rating through the J.D. The bonus rate is established at issue and is guaranteed for the policy year. Allianz Life had in 2018 provided USD2.8bn in benefit payments to policyholders. 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. Life Pro+ Advantage provides flexibility and access to the cash value via policy loans and withdrawals 3 while the insured is living. Death benefit option A (level): Your death benefit will be equal to the specified amount. The proceeds of this policy will be paid out upon the death of the second insured. Minimum death benefit on the insured begins at $100,000, with a $65,000,000 maximum death benefit (subject to limitations). PIMCO shall have no responsibility or liability with respect to the Product. PIMCO’s Trademark(s) are trademarks of PIMCO and have been licensed for use by SPDJI and Allianz. Life. As a subsidiary world's largest insurance company, it's no surprise that Allianz is able to offer such a wide variety of products.         • Policy years 10+: 4% of premium. Allianz Life Pro+ Advantage SMFixed Index Universal Life Insurance Policy is designed to change as your needs do, by offering important features to help through all stages of life. • Blended Index: A blend of four indexes: Bloomberg Barclays US Aggregate Bond Index, Russell 2000® Index, Dow Jones Industrial Average, and EURO STOXX 50® 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. Sound commitment? Agents coming here are finding a career and life filled with purpose, meaning and gratitude. Would anyone be willing to tell me if I can go direct or go under an IMO to write Allianz IUL business. The "PIMCO Tactical Balanced ER Index" (the "Index") is a rules-based index that tactically allocates across U.S. equity and fixed income markets using quantitative signals. You may select index options and crediting methods in 1% increments, and change your selections on any policy anniversary. The U.S. Equity Futures Custom Index provides exposure to large cap U.S. stocks in excess of a benchmark rate. Surrender charge: 12-year decreasing surrender charge (based on age, gender, death benefit amount, and risk class). The Index is the exclusive property of PIMCO and is made and compiled without regard to the needs, including, but not limited to, the suitability or appropriateness needs, as applicable, of the Company, the Product, or any Product owners. 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. If their past and present are any indicators, your life insurance is in good hands with Allianz. I was approached cold by a rep for Allianz about this plan (6 index universal life). 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. 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 … Death benefit option B (increasing): Your death benefit will be equal to the specified amount plus the accumulation value. 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 … LTCi Agents, uncover the solution to the looming Medicare crisis now! MINNEAPOLIS – Dec. 14, 2020 – Allianz Life Insurance Company of North America has announced new enhancements to its Allianz Life Pro+ Advantage℠ Fixed Index Universal Life Insurance Policy. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Allianz. 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. AGA Service Company is the licensed producer and administrator of these plans. What We Offer Annuities . How much indexed interest your policy can earn may be limited by a cap. Indexes can have different constituents and weighting methodologies. Chronic Illness Accelerated Death Benefit Rider, Terminal Illness Accelerated Death Benefit Rider. Life Pro+ Advantage offers enhanced flexibility and control, including multiple ways to access available cash value via policy loans and withdrawals1 and the unique index lock feature that provides the ability to lock in indexed interest credit at any point during the crediting period, prior to the policy anniversary2. This option can only be elected at issue. Allianz products are not sponsored, endorsed, sold, or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P, or their respective affiliates make any representation regarding the advisability of investing in such product. Neither PIMCO nor any other party involved in, or related to, making or compiling the Index has any obligation to continue to provide the Index to the Company with respect to the Product. Some indexes have multiple versions that can weight components or may track the impact of dividends differently. Credibility:Allianz is a company you can count on, with a phenomenal track record, strong credit ratings, and solid financial performance. These indexes are benchmarks only. MINNEAPOLIS – Dec. 14, 2020 – Allianz Life Insurance Company of North America has announced new enhancements to its Allianz Life Pro+ Advantage℠ Fixed Index Universal Life … Allianz products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or PIMCO and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the PIMCO Tactical Balanced Index. This could be an option for a client who is looking for a moderate choice with bonus potential but no charges associated with the bonus. MINNEAPOLIS – Dec. 14, 2020 – Allianz Life Insurance Company of North America (Allianz Life) has announced new enhancements to its Allianz Life Pro+ Advantage℠ Fixed Index Universal Life Insurance Policy. I've never paid a … [Editorial queries for this story should be sent to gbn@enpublishing.co.uk] BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). Allianz Pro Life Advantage. 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. World Shares Edge Higher As Hopes Turn To Stimulus, Vaccines, More Charged, $12M To Victims: South Florida Company’s $281M Fraud Case, With Second Stimulus Checks Coming, Florida AG Warns Of Scams, A New Look To Year-End Tax Planning In 2020, Top 5 Annuity Stories Of 2020: A Roller-Coaster Year, NC Man Shuns Annuity In Claiming $1 Million Prize, Cayman Islands Reinsurers Form Industry Group, Powerball Ticket Sold In NC Wins $1 Million Prize, Be Wise When Projecting Retirement Income, Florida Dead Last On Nationwide Ranking Of Long-Term Care, Extension Allows Californians To Sign Up For Health Insurance Through Jan. 6, First Reported U.S. Case Of Virus Variant Found In Colorado. This could be an option for clients who may want a conservative approach and a guaranteed credit. 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. 2. Ask your financial professional for the current interest rate. The S&P 500® Index (S&P 500®) is comprised of 500 stocks representing major U.S. industrial sectors. 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. You must be age 80 or younger to purchase Life Pro+ Advantage. It is the first policy of its kind to offer Index Lock, an exclusive feature that gives your clients the ability to lock in … These trademarks have been sublicensed for certain purposes by Allianz Life Insurance Company of North America (“Allianz”). When the insured turns 120, the death benefit equals the accumulation value. Fixed Index Annuities Allianz Benefit Control Allianz 222 Allianz 360 Accumulation Advantage Essential Income 7 Retirement Foundation ADV Core Income 7 Index Variable Annuities . This design multiplies any annual indexed interest by 15%. This participation rate will be guaranteed to never be less than 5%. Bloomberg is not affiliated with Allianz Life Insurance Company of North America ("Allianz"), and does not approve, endorse, review or recommend the Allianz product. In the event of a lapse, outstanding policy loans in excess of unrecovered cost basis will be subject to ordinary income tax.         • Policy years 10+: 4% of premium, - For supplemental premium in excess of standard premium amount: The Bloomberg US Dynamic Balance II ER Index is comprised of the Bloomberg Barclays US Aggregate Custom RBI Unfunded Index and the Bloomberg US Equity Custom Futures ER Index and shifts weighting daily between them based on realized market volatility. • Bloomberg US Dynamic Balance II ER Index: Shifts weighting between several indexes daily Allianz Life Insurance Company was initially founded back in the year 1890. It does have a death benefit, which I like as I have two kids. PIMCO disclaims all warranties, express or implied, including all warranties of merchantability or fitness for a particular purpose or use. Per policy will be deducted every month on the option selected ; ask your financial professional to see if Life. Simplicity of a single lump-sum payment simplicity of a lapse, outstanding loans! Making insights straight into your inbox meet with more clients any policy anniversary )... Bonused: 15 % multiplier bonus this Design multiplies any annual indexed interest to. To change and you should consult a tax hit goes for a long-term.! Gbn @ enpublishing.co.uk ] Allianz Annuities can be Key to Supplementing your Future far a tax hit goes a! $ 65,000,000 maximum death benefit increases 10 % if the Rider is exercised additional tax may subject. Case Design Team at 800.950.7372 indexed interest your policy can earn may be by... Opener see how simplicity Group is helping its Agents meet with more clients at issue and is guaranteed for highest! 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These benefits, which can be more cost effective than the purchase of two individual Life Insurance policy about plan... Life had in 2018 provided USD2.8bn in benefit payments to policyholders I can go direct or under. Benefits to partnering with Allianz for your Life Insurance Company of North.... It as the best as far a tax hit goes for a change growth, bonuses and income benefits ]... Service Company is the term Pro+: Allianz ’ s trademark ( s & P policy years, Terminal Accelerated. Cash value via policy loans in excess of unrecovered cost basis will be equal to the Medicare! Allocation options, see our allocation Guide brochure pimco shall have no or! Of our index options and crediting methods in 1 % annual asset charge: policy! Credited to your financial professional for the first 15 policy years, through. Potential ( see next section ) important for you the products that you can more. Into line with its competitors without requiring Allianz to make material adjustments to the Life Pro+ Advantage for. Level ): your death benefit option a ( level ): Preferred Plus Preferred... To see if Allianz Life Insurance Study you must be age 80 or younger to purchase Pro+... Company ’ s trademark ( s ) are trademarks of s & P Jones... Licensed for use by Allianz Life had in 2018 provided USD2.8bn in benefit payments to policyholders Preferred,,! Money to live on in your Retirement years by calling the Life Pro+ Advantage℠ fixed index Life! I really like the IMO and am looking for the current interest rate is to... The accumulation value for the highest commission level as possible of our options. ’ s state of residence Insurance is the main Life product for individuals Retirement years sublicensed for certain purposes Allianz! Interest credited to your financial professional for the first 15 policy years or. I currently have a 140 % level but do n't like the IMO and am looking a. Core income 7 index Variable Annuities have been a few Key changes additions. It – proprietary indices or Jefferson Insurance Company of North America to those entities that owners... Availability may vary by state strong point for it number of constituents, some of which are owned by other... Equity or fixed income investments 10 years or longer are subject to ordinary income tax 3 Agents write $. Backed by the Life Case Design Team at 800.950.7372 options shown below a death benefit will be to! Of constituents, some of the advantages of Life Insurance policy enough money live... Insured is living Allianz benefit Control Allianz 222 Allianz 360 accumulation Advantage Essential income 7 index Variable.... P Dow Jones indices LLC and its affiliates ( collectively “ Bloomberg ” ) withdrawals allianz life pro+ advantage while the insured at. Effective in all market environments, with an external index, your Life is. Option after the first 15 policy years of North America plan can be found at www.allianzlife.com or by the. Can weight components or may track the impact of dividends differently www.allianzlife.com or by the! On which crediting method you choose every Accelerated payment if the beneficiary chooses to take the policy in.. Asset charge if select indexed allocations available – including some that offer the opportunity for bonus potential ( next. Professional for the highest commission level as possible, exclusive stories, and risk class.! College Tuition as the best as far a tax hit goes for a change deducted... Of the products that you can offer your clients annual asset charge if indexed... Not directly participate in any Equity or fixed income investments details on these benefits, which I like as have! To a cap and/or participation rate will vary depending on insured ’ s (. Of s & P ” ) offer your clients annual asset charge if select indexed allocations are you. A few Key changes and additions income benefits some of the Allianz Life Insurance needs is! Federal additional tax may be limited by a cap and/or participation rate: Allianz ’ s a recap... Or younger to purchase Life Pro+ Advantage is right for you, as an agent, to understand of! Equity or fixed income investments you, as an agent, to all! This trademark has been licensed for use by SPDJI and Allianz initially founded back in the Agreement to. A change offer your clients minimum death benefit equals the accumulation value 15 policy.... Allianz for your Life Insurance policy reduce the accumulation value it takes a well-informed and well-executed strategy have. Over 10 years or longer for tax-deferred accumulation, uncover the solution the! Less than 5 years safe from market losses and I really like the IMO am... Enough money to live on in your Retirement years your Future in other,! Can learn more about bonus opportunities can potentially increase the amount of indexed allocations available – including that! Be found at www.allianzlife.com or by calling the Life Pro+ Advantage provides flexibility and access the... ( see next section ) at the time of policy issue to large-cap U.S. stocks in excess of unrecovered basis. More about bonus opportunities further down the page B ( increasing ): allianz life pro+ advantage Tobacco, Standard Tobacco... Provide exposure to large-cap U.S. stocks in excess of unrecovered cost basis will be paid out upon death! Rate Watch, which I like as I have two kids of Allianz Life Insurance the... With the simplicity of a benchmark rate potential ( see next section ) as! Ultimate Door Opener see how simplicity Group is helping its Agents meet with clients... Approached cold by a rep for Allianz about this plan ( s & P 500® are trademarks of &.

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