MINNEAPOLIS--(BUSINESS WIRE)--Allianz Life Insurance Company of North America (Allianz Life®) today announced the launch of two new index variable annuity (IVA) products, Allianz Index Advantage ADVSM Variable Annuity and Allianz Index Advantage NFSM Variable Annuity. Modeled after the successful flagship Allianz Index Advantage® Variable Annuity, the new offerings provide multiple ways to benefit from the balance of performance potential and level of protection.
The new IVA product lineup now positions Allianz Life to better capitalize on the growing demand for IVAs and brings the well-received concept of upside potential with some protection to a broader market of consumers. Allianz Index Advantage ADV is exclusively designed to fit within a fee-based portfolio, while Allianz Index Advantage NF, with no annual product fee on the index strategies, establishes another option for fee-sensitive clients.
“By offering Index Advantage ADV and Index Advantage NF, Allianz Life now has a suite of index variable annuity products that help balance risk and return, giving clients more options for building a solid retirement foundation,” said Allianz Life Chief Distribution Officer Tom Burns. “These IVAs offer an opportunity to grow a client’s retirement nest egg by being able to participate in market gains while still having a level of asset protection.”
Index Advantage ADV and Index Advantage NF both help clients reach long-term financial goals by offering the combination of variable options and three index options giving a balance between protection and performance potential. Both of these potential solutions also offer features including tax-deferred growth opportunities and a built-in death benefit.
As with any investment vehicle, variable annuities are subject to risk, including possible loss of principal. Investment returns and principal will fluctuate with market conditions so that contract values, upon distribution, may be worth more or less than the original cost.
For more complete information about Allianz index variable annuities and the variable options, call Allianz Life Financial Services, LLC at 800.542.5427 for a prospectus. The prospectuses contain details on investment objectives, risks, fees, and expenses, as well as other information about the variable annuity and variable options, which your clients should carefully consider. Encourage your clients to read the prospectuses thoroughly before sending money.
Withdrawals will reduce the contract value and the value of any protection benefits. Additional withdrawals taken within the withdrawal charge period will be subject to a withdrawal charge. All withdrawals are subject to ordinary income tax and, if taken prior to age 59½, may be subject to a 10% federal additional tax
Guarantees are backed by the financial strength and claims-paying ability of the issuing company and do not apply to the performance of the variable subaccounts, which will fluctuate with market conditions.
Products are issued by Allianz Life Insurance Company of North America and distributed by its affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. www.allianzlife.com (L40538, L40538-NF)
Not FDIC insured •May lose value •No bank or credit union guarantee •Not a deposit •Not insured by any federal government agency or NCUA/NCUSIF.
Product and feature availability may vary by state broker/dealer.
About Allianz Life Insurance Company of North America
Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best Companies to Work For® in 2017, has been keeping its promises since 1896. Today, it carries on that tradition, helping Americans achieve their retirement income and protection goals with a variety of annuities and life insurance products. In 2016, Allianz Life provided a total of $2.6 billion in benefit payments that supported policyholders’ financial objectives. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with 142,000 employees in more than 70 countries worldwide. More than 85 million private and corporate customers rely on Allianz knowledge, global reach, and capital strength to help them make the most of financial opportunities.