We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry News

Categories

  • Industry Articles (15,832)
  • Industry Conferences (3)
  • Industry Job Openings (9)
  • Negative Media (135)
  • Positive Media (73)
  • Sheryl's Articles (586)
  • Sheryl's Blogs (166)
  • Wink's Articles (222)
  • Wink's Blogs (208)
  • Wink's Press Releases (92)
  • Blog Archives

  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • May 2008
  • February 2008
  • August 2006
  • Allianz Life Adds PIMCO Index Allocation to Allianz Pro V1 Annuity

    May 11, 2010 by N/A

    May 10, 2010

    PIMCO US Advantage IndexSM Licensed Exclusively for the Allianz Pro V1SM Annuity

    MINNEAPOLIS–(BUSINESS WIRE)– Allianz Life Insurance Company of North America (Allianz) today announced that it has added the PIMCO US Advantage Bond Index to the recently launched Allianz Pro V1 Annuity. This new index allocation option is an Allianz exclusive and is not available on any other FIA in the industry. Allianz Pro V1, a fixed index annuity that provides protection, guarantees, and a bond index allocation option with the power of annual reset, now provides clients with the choice of indices created by two of the most recognized names in the bond industry. In addition to the new PIMCO US Advantage Bond Index, contract holders can also allocate to the Barclays Capital U.S. Aggregate Bond Index and a fixed interest allocation.

    “Allianz Life is constantly looking for ways to improve our products and offer clients unique advantages for trusting us with their retirement savings,” said Eric J. Thomes, senior vice president of Sales for Allianz Life. “By leveraging the expertise of our sister company PIMCO with this new allocation option, we’re delivering on that promise.”

    “We are very pleased that Allianz Life has chosen the PIMCO US Advantage Index for its new fixed index annuity product,” said Curtis A. Mewbourne, managing director and portfolio manager for PIMCO. “The PIMCO US Advantage Index offers an alternative to traditional market capitalization weighted fixed income indices, and Allianz Life has created a product that allows clients to harness this innovative approach.”

    Some of the features offered by Allianz Pro V1, now for sale in 44 states, include:

    • The opportunity to earn interest based upon changes in the exclusive PIMCO US Advantage IndexSM, the Barclays Capital U.S. Aggregate Bond Index or a fixed interest allocation.
    • Five year surrender charge period.
    • Access to full accumulation value after just five years, or let the contract continue to accumulate.
    • The simplicity of annual point-to-point crediting with a spread.
    • 100% participation rate.
    • The ability to take up to 10 percent of the premium in free withdrawals each year, starting immediately and the option to begin an annuity income stream after just one contract year.

    Annuities are designed to meet long-term needs for retirement income. For more information about Allianz and Allianz Pro V1 visit: www.allianzlife.com.

    Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America. Distributions are subject to ordinary income tax and, if taken prior to age 59 ½, a 10% federal tax penalty. Allianz Pro V1 AnnuitySM is contract C53520.

    Although the external index may affect your contract values, the contract does not participate in any investments. You are not buying any shares of stock, bonds, or shares of an index fund.

    Products issued by Allianz Life Insurance Company of North America.

    Product and feature availability may vary by state. This product is not available in New York. In New York, products are issued by Allianz Life Insurance Company of New York, New York.

    About Allianz Life

    Allianz Life Insurance Company of North America has been keeping its promises since 1896. Today, it carries on that tradition, helping Americans achieve their retirement income goals with a variety of annuities and life insurance products. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with nearly 155,000 employees worldwide. Based on its revenue, Allianz SE is the 20th largest company in the world (Fortune Global 500, August 2009).

    About PIMCO

    PIMCO, founded in 1971, is a global asset management firm that manages investments for an array of clients, including retirement and other assets that reach more than 8 million people in the U.S. and millions more around the world. Our clients include state, municipal and union pension and retirement plans whose beneficiaries come from all walks of life, from educators to healthcare workers to public safety employees. We have a substantial individual investor client base, and work in partnership with financial intermediaries such as Registered Investment Advisors, broker/dealers, trust banks and insurance companies. We are also advisors and asset managers to central banks, corporations, universities, foundations and endowments. With offices in North America, Europe, Asia and Australia, we manage investments across a full spectrum of global financial markets. PIMCO is owned by Allianz Global Investors, a subsidiary of the Munich-based Allianz Group, a leading global insurance company.

    The PIMCO US Advantage Index is a comprehensive U.S. bond market index, offering exposure to interest rate swaps, inflation-protected securities, investment-grade corporate bonds, and securitized instruments such as mortgage-backed securities. The PIMCO US Advantage IndexSM (the “Index”) is a trademark of Pacific Investment Management Company LLC (“PIMCO”) and has been licensed for use by Allianz Life Insurance Company of North America (Allianz Life) in connection with the annuity. 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 needs, of Allianz Life, the annuity, or owners of the annuity. The annuity is not sold, sponsored, endorsed or promoted by PIMCO or any other party involved in, or related to, making or compiling the Index. PIMCO does not provide investment advice to Allianz Life with respect to the annuity or to owners of the annuity.

    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 Allianz Life with respect to the annuity. Neither PIMCO nor any other party involved in, or related to, making or compiling the Index makes any representation regarding the Index, Index information, performance, annuities generally or the annuity particularly.

    PIMCO disclaims all warranties, express or implied, including all warranties of merchantability or fitness for a particular purpose or use.PIMCO shall have no responsibility or liability whatsoever with respect to the annuity.

    Allianz Life Insurance Company of North America, Allianz Life Insurance Company of New York, and PIMCO are subsidiaries of Allianz SE.

    The Barclays Capital U.S. Aggregate Bond Index is comprised of U.S. investment-grade, fixed-rate bond market securities, including government agency, corporate, and mortgage-backed securities. Allianz products are not sponsored, endorsed, sold, or promoted by Barclays Capital. Barclays Capital makes no representation or warranty, express or implied, to the owners of Allianz products or any member of the public regarding the advisability of investing in securities generally or in Allianz products particularly or the ability of the Barclays Capital indices, including without limitation, the Barclays Capital U.S. Aggregate Bond Index, to track general bond market performance. Barclays Capital’s only relationship to Allianz Life Insurance Company of North America and its affiliates ( “Allianz “) is the licensing of the Barclays Capital U.S. Aggregate Bond Index which is determined, composed, and calculated by Barclays Capital without regard to Allianz or Allianz products. Barclays Capital has no obligation to take the needs of Allianz or the owners of Allianz products into consideration in determining, composing, or calculating the Barclays Capital U.S. Aggregate Bond Index. Barclays Capital is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of Allianz products to be issued or in the determination or calculation of the equation by which Allianz products are to be converted into cash. Barclays Capital has no obligation or liability in connection with the administration, marketing, or trading of Allianz products. Barclays Capital does not guarantee the quality, accuracy, and/or the completeness of the Barclays Capital indices, or any data included therein, or otherwise obtained by Allianz, owners of Allianz products, or any other person or entity from the use of the Barclays Capital indices, including without limitation, the Barclays Capital U.S. Aggregate Bond Index, in connection with the rights licensed hereunder or for any other use. Barclays Capital makes no express or implied warranties, and hereby expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Barclays Capital indices, including without limitation, the Barclays Capital U.S. Aggregate Bond Index, or any data included therein. Without limiting any of the foregoing, in no event shall Barclays Capital have any liability for any special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages.

    Allianz Life Insurance Company of North America
    Laurie Bauer, 763-765-6174
    laurie.bauer@allianzlife.com

    Source: Allianz Life Insurance Company of North America

    Originally Posted at InsuranceNewsNet on May 10, 2010 by N/A.

    Categories: Industry Articles
    currency