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


media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us


Close [x]

Industry News


  • Industry Articles (14,344)
  • Industry Conferences (2)
  • Industry Job Openings (30)
  • Negative Media (128)
  • Positive Media (73)
  • Sheryl's Articles (544)
  • Sheryl's Blogs (152)
  • Wink's Articles (239)
  • Wink's Blogs (182)
  • Wink's Press Releases (83)
  • Blog Archives

  • 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
  • Allianz Life Strengthens FIUL Lineup With Launch of Life Pro+ Advantage

    August 21, 2019 by Allianz Life Insurance Company of North America

    MINNEAPOLIS–(BUSINESS WIRE)–Allianz Life Insurance Company of North America (Allianz Life®) today announced the launch of the Allianz Life Pro+ Advantage℠ Fixed Index Universal Life (FIUL) Insurance Policy, which will serve as the company’s flagship FIUL product. Life Pro+ Advantage was built to be in compliance with the 2020 commissioners standard ordinary (CSO) mortality table. 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.

    “We’ve listened to both financial professionals and their clients and determined the desire for products that can help meet multiple financial needs is stronger than ever,” said Jason Wellmann, senior vice president of Life Insurance Distribution for Allianz Life. “With Life Pro+ Advantage, people can get the reassurance provided by death benefit protection while also adding the flexibility to address other financial needs, including emergencies, college funding, and supplemental retirement income1.”

    According to the Allianz Life 2019 Life Insurance Needs Survey*, 81% of respondents said that the ability to have access to multiple sources of retirement income was an important aspect of financial planning. The same percentage said it was important to have the flexibility to make changes to their assets to meet changing needs, and nearly 70% said they want the ability to fully fund college accounts should they die early.

    As part of an overall financial portfolio, Life Pro+ Advantage provides the opportunity to help address these needs via both indexed and fixed interest loans, which can be taken against any available cash value in the policy income-tax-free.1 Policyholders can also access available cash value via withdrawals (partial surrenders) or full surrenders to use the cash value at any time – for any reason.

    Life Pro+ Advantage can help people prepare for all stages of life by providing their beneficiaries with a death benefit that is generally income-tax-free as well as the ability to build accumulation value tax-deferred without losses due to market volatility, although fees and charges will reduce policy values.

    Policyholders can utilize multiple index allocation options (which include a combination of several indexes and crediting methods), with several indexes only offered by Allianz Life, including the Bloomberg US Dynamic Balance Index II and the volatility controlled PIMCO Tactical Balanced Index. Also new with Life Pro+ Advantage, policyholders can choose between index allocations that include the following options:

    • A select index allocation that includes the opportunity for a 40% guaranteed interest bonus rate and 1% annual asset charge3;
    • A bonused index allocation that includes the opportunity for a 15% guaranteed bonus rate and no asset charge3;
    • Standard index allocations that do not include an interest bonus.

    In addition, the unique index lock feature is a first of its kind in the FIUL marketplace and offers policyholders the ability to lock in their indexed interest credit at any point during the crediting period, prior to the policy anniversary. This helps to protect against a 0% index credit for the crediting period, no matter what happens during the remaining months. This feature is available with the Bloomberg US Dynamic Balance II ER Index and PIMCO Tactical Balanced ER Index.

    “More than 90% of respondents in our survey said the ability to save enough to retire comfortably was a top priority when planning for their financial future,” added Wellmann. “We’re confident the newest version of our Allianz Life Pro+ FIUL product line will help Americans as they plan to accomplish multiple goals.”

    For more information about Life Pro+ Advantage as well as important index information and disclosure, visit www.allianzlife.com/life-insurance.

    Most life insurance policies require health underwriting and financial underwriting. Life insurance involves certain fees and expenses. Individuals should discuss with their financial professional whether a life insurance policy helps meet their needs.

    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. These indexes are benchmarks only. Indexes can have different constituents and weighting methodologies. Some indexes have multiple versions that can weight components or may track the impact of dividends differently. 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.

    Policy loans and withdrawals will reduce available cash values and death benefits, and may cause the policy to lapse or affect any guarantees against lapse. 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. You should consult a tax professional.

    The index value used to determine interest credited may be higher or lower than the index value at the time of request.

    3 Bonus 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. There is no guarantee that a policy will be credited with an interest bonus every year as it is based on the growth of an external index.

    Guarantees are backed by the financial strength and claims-paying ability of the issuing company.

    Product (P64339) is issued by Allianz Life Insurance Company of North America.

    About Allianz Life Insurance Company of North America

    Allianz Life Insurance Company of North America, one of the FORTUNE 100 Best Companies to Work For® in 2019, has been keeping its promises since 1896 by helping Americans achieve their retirement income and protection goals with a variety of annuity and life insurance products. In 2018, Allianz Life provided $2.8 billion in benefit payments that helped policyholders achieve their financial goals. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with over 142,000 employees in more than 80 countries. Allianz Life is a proud sponsor of Allianz Field in St. Paul, Minnesota, home of Major League Soccer’s Minnesota United.

    Allianz Life Insurance Company of North America offers insurance and annuities in all states except New York. In New York, products are issued by Allianz Life Insurance Company of New York.

    *Allianz Life Insurance Company of North America conducted an online survey, the 2019 Life Insurance Needs Survey, in March 2019 with 800 respondents age 35-60, having an annual household income of $100K+.


    Jeff Faust
    (763) 765-6614
    Twitter: @AllianzLife

    Originally Posted at Business Wire on August 20, 2019 by Allianz Life Insurance Company of North America.

    Categories: Industry Articles