June 7, 2021 by Broker World
To help offer clients short-term control with additional options for long-term growth potential, Allianz Life Insurance Company of North America (Allianz Life) has announced new product enhancements on select index variable annuities (IVAs), also known as registered index-linked annuities (RILAs).
These features on the Allianz Index Advantage® Variable Annuity and Allianz Index Advantage Income® Variable Annuity include two new multi-year term index options: The Index Performance Strategy 6-Year Term and Index Performance Strategy 3-Year Term, both with 10 percent buffer. These are in addition to the Index Performance Strategy 3-Year Term with a 20 percent buffer launched in May of last year. In addition, these new multi-year term strategies will have Participation Rates (minimum of 100 percent) which offer the potential to outperform index returns. The index options are subject to an annual cap.1