Allianz Life Adds Switchable Indexed Annuity: Annuity Product Update
March 18, 2020 by Allison Bell
Allianz Life Insurance Company of North America has introduced the Allianz Benefit Control Annuity contract.
The product is an indexed annuity that’s filed as a non-variable product.
The product gives the holder the ability to begin income on any monthly contract anniversary after age 50, with no minimum waiting period, according to Allianz Life.
While the client is accumulating assets, the client can choose between two options for how to grow the contract’s “protected income value,” or PIV.