Allianz Life Offers Fee-Based Version Of VA
October 19, 2021 by Press Release
MINNEAPOLIS – Oct. 18, 2021 – To help registered investment advisers (RIAs) manage transition and longevity risks in client portfolios, Allianz Life announced today it has launched an advisory version of its Allianz Index Advantage Income® Variable Annuity. The Allianz Index Advantage Income ADVSM Variable Annuity offers an advisor-centric product design with seamless integration, low fees1, greater control and enhanced fee billing.
In a recent Allianz Life study*, 88% of financial advisors said it is more important to effectively manage risk in client portfolios than generate the highest gains. The product can help address retirement risks associated with the rising cost of living over a longer retirements by offering indexed return potential with a level of protection through multiple crediting methods (also called index strategies), tax deferral, a variety of lifetime payout options, and a choice of death benefit options within the accumulation phase.
“The Index Advantage Income ADV offers investment advisory representatives (IARs) and their clients a modern approach to managing retirement risks like longevity and inflation,” said Heather Kelly, senior vice president of Advisory and Strategic Accounts, Allianz Life. “The product offers low fees1, greater control in managing assets, commission-free, and enhanced fee-billing while seamlessly integrating into financial planning, portfolio management and reporting platforms. These features help to remove some of the barriers that have previously prevented RIAs from integrating insurance into holistic financial plans.”
In addition to the robust product benefits, advisors can leverage their preferred financial planning and portfolio management tools to help demonstrate the value of integrating insurance solutions to clients.
Learn more about the product and get supporting materials and dedicated resources at http://www.allianzlife.com/advincome.
