This participation rate will be guaranteed to never be less than 5%. Term Pro+: Allianz’s one term life offering is the Term Pro+ policy. 1 Fees and expenses will reduce the accumulation value. 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. This policy provides coverage and features comparable to Allianz’s other Life Pro series policies and is specifically designed for long-term asset protection. Premium Deposit Fund Rider – combines all of the advantages of life insurance with the simplicity of a single lump-sum payment. There are several ways to access your available cash value without incurring surrender charges: May not be available in all states and the name may vary by state. [Editorial queries for this story should be sent to gbn@enpublishing.co.uk] Allianz Life Pro+ Fixed Universal Life Insurance is the main life product for individuals. PIMCO shall have no responsibility or liability with respect to the Product. You must be age 80 or younger to purchase Life Pro+ Advantage. You also have the choice of various bonus opportunities. It takes a well-informed and well-executed strategy to have enough money to live on in your retirement years. Select: 40% multiplier bonus with a 1% annual asset charge Some indexes have multiple versions that can weight components or may track the impact of dividends differently. – Allianz Life Pro+Advantage, a IUL product, is probably the best for retirement savings purpose – The company has low complaints through the National Association of Insurance Commissioners (NAIC) – Allianz has an A+ financial strength rating with AM Best – Got the lowest two-circle rating through the J.D. To comply with AG 49 A guidelines, the company is implementing the following changes: Allianz Life is also introducing the following product enhancement, and rolling out new digital tools, including: Foresters Financial Launches Accidental Death Insurance, Health Insurance Industry Stable In 2021, Moody’s Reports, How Allianz is leading the evolution with enhanced client education and the potential for greater indexing control Allianz Life Insurance…, Find out how you can submit content for publishing on our website. Chronic Illness Accelerated Death Benefit Rider, Terminal Illness Accelerated Death Benefit Rider. The Russell 2000® Index is a trademark of Russell Investments and has been licensed for use by Allianz Life Insurance Company of North America. For explanations of each rider and any potential costs and/or restrictions, see the product profile. Remember that, with an external index, your policy does not directly participate in any equity or fixed income investments. What We Offer Annuities . This design multiplies any annual indexed interest by 15%. Nontobacco (ages 18-80): Preferred Plus, Preferred, Standard, Tobacco (ages 18-75): Preferred Tobacco, Standard Tobacco. Allianz offers fixed index universal life (FIUL) insurance, a type of permanent insurance that offers a death benefit for as long as your policy remains in force – typically that’s the rest of your life, assuming you pay the proper premium payments. In addition to providing death benefit protection, the new product features also provide more options for clients and new sales tools for the financial professionals who sell the …         • Policy years 10+: 4% of premium, - For supplemental premium in excess of standard premium amount: Classic: 0.90% guaranteed flat rate bonus Allianz Life had in 2018 provided USD2.8bn in benefit payments to policyholders. 0.90% flat rate bonus, Bonused: Allianz Life had in 2018 provided USD2.8bn in benefit payments to policyholders. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Allianz. The discount factor is based on age, premium class, current cash value of the policy, and current discount factor interest rate at that time.         • Policy years 1-9: 14% of premium The S&P 500 is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Allianz. Allianz products are not sponsored, endorsed, sold or promoted by Russell Investments and Russell Investments makes no representation regarding the advisability of investing in Allianz products. Death benefit option C (return of premium): Your death benefit will be equal to the specified amount plus the premium you have paid into the policy. Free College Tuition as The Ultimate Door Opener Allianz LifePro+ Advantage Forms DOL COMPLIANCE CERTIFICATION ALLIANZ LIFEPRO+ ADVANTAGE LONG FORM APPLICATIONS (Excluded CA & FL) ALLIANZ LIFEPRO+ ADVANTAGE LONG FORM APPLICATIONS Please note: The Allianz Life Pro+ Elite application forms vary This type of plan can be more cost effective than the purchase of two individual life insurance policies. Ask your financial professional for the current interest rate. Fees. These bonus opportunities can potentially increase the amount of indexed interest credited to your policy. 2 Policy loans and withdrawals will reduce the available cash value and death benefit and may cause the policy to … Introducing Allianz – Life Pro Advantage September 26, 2019 / 0 Comments / in 3 Mark Webinars Archive / by Bruce Alfredson, CLU, ChFC View the webinar recording of the Allianz webinar Dated September 25, 2019 We respect your privacy. Allianz Life Pro+ Advantage SM Fixed Index Universal Life … These indexes are benchmarks only. Product and feature availability may vary by state and broker/dealer. PIMCO’s Trademark(s) are trademarks of PIMCO and have been licensed for use by SPDJI and Allianz. This could be an option for clients who are willing to pay a charge in return for a higher bonus and greater indexed interest potential. Life. current Allianz Life Rate Watch, which can be found at www.allianzlife.com or by calling the Life Case Design Team at 800.950.7372. Will Vaccines Protect Against New COVID Strain? Allianz Pro Life Advantage. PIMCO disclaims all warranties, express or implied, including all warranties of merchantability or fitness for a particular purpose or use. A bonus design that multiplies any annual indexed interest by 40% but also includes a 1% annual asset charge. Bonused 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. The index allocations that offer the interest bonus will generally have lower caps and participation rates. The expense charge is deducted from the current accumulation value for the first 15 policy years, or through age 32 for juveniles. I currently have a 140% level but don't like the IMO and am looking for a change. 206 – Allianz Life Pro + Advantage IUL - $0.00. Not all bonuses guarantee that a policy will be credited with an interest bonus every year as some are based on the growth of an index. The Index is a trademark of Pacific Investment Management Company LLC ("PIMCO") and has been licensed for use for certain purposes by Allianz Life Insurance Company of North America (the "Company" or “Allianz”) with respect to this Allianz product (the "Product"). There are several ways to access your available cash value without incurring surrender charges: For clients who are willing to forego the potential for a bonus in favor of higher caps and participation rates, which may result in a higher indexed interest received. Bonused: 15% multiplier bonus In other words, you are not buying shares in an index. It is the first policy of its kind to offer Index Lock, an exclusive feature that gives your clients the ability to lock in … Compared to the Life Pro+ Elite, there have been a few key changes and additions. This could be an option for a client who is looking for a moderate choice with bonus potential but no charges associated with the bonus. The EURO STOXX 50®, Europe's leading Blue-chip index for the Eurozone, provides a blue-chip representation of supersector leaders in the Eurozone. I/we are self supporting so I'm simply looking for the highest commission level as possible. MINNEAPOLIS – Dec. 14, 2020 – Allianz Life Insurance Company of North America has announced new enhancements to its Allianz Life Pro+ Advantage℠ Fixed Index Universal Life Insurance Policy. • PIMCO Tactical Balanced ER Index: Shifts weighting between an equity and bond index daily My money is safe from market losses and I really like the growth, bonuses and income benefits. • Bloomberg US Dynamic Balance II ER Index: Shifts weighting between several indexes daily There are a variety of indexed allocations available – including some that offer the opportunity for bonus potential (see next section). - For premium up to standard premium amount: PROTECT WHAT MATTERS TODAY. For example, the outgoing Life Pro+ has been around since 2011 but got a refresh in 2015 when Allianz added a 15% bonus to credited returns after the 10 th year and funded the bonus with slightly higher initial charges. If their past and present are any indicators, your life insurance is in good hands with Allianz. Products:Allianz’s life insurance, annuities, and retirement tools pair well together, allowing you to work … The minimum initial premium payment is based on age, gender, risk class, death benefit, and riders, but is never less than $25/month or $300/year. The PIMCO Tactical Balanced Index is comprised of the S&P 500® Index, a bond component comprised of the PIMCO Synthetic Bond Index and a duration overlay, and cash, and shifts weighting between them daily based on historical realized volatility of the components. Here are some questions they can help answer: 1 The Chronic Illness Accelerated Death Benefit Rider is included with the policy, subject to age and underwriting requirements. In the event that the Index is no longer available to the Product or Product owners, the Company may seek to replace the Index with another suitable index, although there can be no assurance that one will be available. The "PIMCO Tactical Balanced ER Index" (the "Index") is a rules-based index that tactically allocates across U.S. equity and fixed income markets using quantitative signals. Why Allianz What We Offer . This course will equip you to understand how and when to use the Allianz Life Pro + Advantage IUL product to best serve your clients. Surrender charge: 12-year decreasing surrender charge (based on age, gender, death benefit amount, and risk class). To explore which allocations you may want to consider based on your perspective on equity markets, market volatility, and interest rates, try our Allocations Insights Tool. If any of these features are exercised prior to age 59½ on a MEC, a 10% federal additional tax may be imposed. These trademarks have been sublicensed for certain purposes by Allianz Life Insurance Company of North America (“Allianz”). How much indexed interest your policy can earn may be limited by a cap. Life Pro+ Advantage provides flexibility and access to the cash value via policy loans and withdrawals 3 while the insured is living. 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. If the Bloomberg US Dynamic Balance II ER Index or PIMCO Tactical Balanced ER Index options are chosen, Allianz will establish the participation rate on each policy anniversary. Tax laws are subject to change and you should consult a tax professional. It does have a death benefit, which I like as I have two kids. This choice includes an allocation restriction, meaning clients may not be able to allocate 100% of their accumulation value, if the fixed account goes below 1%. Would anyone be willing to tell me if I can go direct or go under an IMO to write Allianz IUL business. As a subsidiary world's largest insurance company, it's no surprise that Allianz is able to offer such a wide variety of products. The participation rate determines how much of the percentage of indexed growth for an index option we use to calculate any indexed interest we credit to a life insurance policy. Because your needs and goals may change, you also have the opportunity to change your death benefit option after the first policy year. The Bloomberg Barclays US Aggregate Custom RBI Unfunded Index is comprised of a portfolio of derivative instruments that are designed to provide exposure to U.S. Investment-grade and Treasury bond markets in excess of a benchmark rate. Contractors Begin Second Pass At Oklahoma Ice Storm Cleanup, Severe Weather Possible New Year’s Eve In Alabama, DealerPolicy Survey: Buyers Want Integrated Auto Insurance, How Brokers Can Protect Themselves From Lawsuits During COVID-19, COVID, Hurricane Season, Dominate Top Stories Of 2020, FIUL Sales Process Continues To Evolve With AG 49 A, Exciting New Partnership for FSG and Fortify Insurance Group, Mark Scalercio Joins OneAmerica® as Senior Vice President, Global Insurance Symposium Returns to Showcase Industry Trends & Future, Multiplier bonuses shown in the illustration are to be no higher than the maximum illustrated rate of the benchmark index, Individual indexed allocations will now have specific maximum illustrated rates, Participating (indexed) loan arbitrage will be limited to 50 bps above the loan charge, New classic (flat-rate) bonus for a guaranteed interest credit, Enhanced sales tools including  a simplified consumer brochure, showcase tool for educational case studies, and redesigned illustration, Continued support of the Allianz Life volatility control indexes and Index Lock – exclusive features designed to provide the potential for more consistent performance in today’s environment. Bloomberg does not guarantee the timeliness, accurateness or completeness of any data or information relating to the Indices, and shall not be liable in any way to Allianz, investors in the Allianz product or other third parties in respect of the use or accuracy of the Indices or any data included therein. A bonus design that adds a consistent bonus rate to the policy’s annual accumulation value. The cap is the maximum percentage of index change we use for a specified time period to determine how much interest we credit to your policy in a given contract year. Me and 3 Agents write about $4MM of target premium each year. This brought Life Pro+ back into line with its competitors without requiring Allianz to make material adjustments to the chassis. The death benefit increases 10% if the beneficiary chooses to take the policy proceeds over 10 years or longer. “We are also focusing on providing top-notch education to the financial professional to help ensure they have a good understanding of AG 49 A and how it could impact the way FIUL policies are sold.”. Like basic universal life, this policy has a death benefit that can be left to the beneficiary income-tax free, as well as paying for final expenses and other costs left behind after death. See how Simplicity Group is helping its agents meet with more clients. MINNEAPOLIS – Dec. 14, 2020 – Allianz Life Insurance Company of North America has announced new enhancements to its Allianz Life Pro+ Advantage℠ Fixed Index Universal Life … In order to tune Life Pro+ Advantage IUL for maximum illustrated performance under AG 49-A, Allianz added a new suite of indices so-called Classic allocations that have a 0.9% guaranteed interest bonus in all years. Indexes can have different constituents and weighting methodologies. Death benefit option A (level): Your death benefit will be equal to the specified amount. The fixed interest rate is guaranteed to never be less the 0.1%. This trademark has been licensed for use by S&P Dow Jones Indices LLC and its affiliates. Agents coming here are finding a career and life filled with purpose, meaning and gratitude. Life Pro+ Advantage provides flexibility and access to the cash value via policy loans and withdrawals3 while the insured is living. If you choose the monthly sum or annual point-to-point crediting method, which include caps on indexed interest, Allianz will guarantee a 100% participation rate over the life of the policy. Caps and/or participation rates will vary depending on the option selected; ask your financial professional for the current rates. Medicare crisis solved?! You may select index options and crediting methods in 1% increments, and change your selections on any policy anniversary. Allianz Life Pro Plus. Allianz products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or PIMCO and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the PIMCO Tactical Balanced Index. The maximum discount factor is determined by the life expectancy of the insured and the discount factor at the time of acceleration. Opening Thoughts About the Allianz Life 360 Fixed Indexed Annuity. The Bloomberg US Equity Custom Futures ER Index is designed to provide exposure to large-cap U.S. stocks in excess of a benchmark rate. $0.00. Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America. However, the only index options in the Classic allocations are – you guessed it – proprietary indices. The EURO STOXX 50® is the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland (“STOXX”), Deutsche Börse Group or their licensors, which is used under license. The DPSC is given to you by Allianz when your contract goes into effect, although it can change. [Editorial queries for this story should be sent to gbn@enpublishing.co.uk] Given this company’s long tenure in the insurance marketplace, it has really built up a strong financial foundation, along with a good, solid reputation for paying out its policyholders’ claims. The PIMCO Synthetic Bond Index is comprised of a small number of derivative instruments designed to provide exposure to U.S. investment-grade and Treasury bond markets. • Blended Index: A blend of four indexes: Bloomberg Barclays US Aggregate Bond Index, Russell 2000® Index, Dow Jones Industrial Average, and EURO STOXX 50® 2 May not be available in all states and the name may vary by state. Power 2019 Life Insurance Study The participation rate will vary depending on which crediting method you choose. Allianz products are not sponsored, endorsed, sold, or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P, or their respective affiliates make any representation regarding the advisability of investing in such product.         • Policy years 10+: 4% of premium. • 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, Products are issued by Allianz Life Insurance Company of North America, PO Box 59060, Minneapolis, MN 55459-0060. Asset charge: 1% annual asset charge if Select indexed allocations are chosen. Annual point-to-point with a participation rate, Classic: A provider of fixed index annuities, Allianz Life is part of Allianz SE, a global company involved in the financial services industry with over 142,000 employees in more than 80 countries. Can the policy help me address other financial needs. Blended index is comprised of Dow Jones Industrial Average (35%), Bloomberg Barclays US Aggregate Bond Index (35%), EURO STOXX 50® (20%), and Russell 2000® Index (10%). Here’s a quick recap of some of the company’s most advantageous attributes: 1. Withdrawals in excess of premiums paid will be subject to ordinary income tax. There is a fee charged as a discount factor against every accelerated payment if the rider is exercised. World Shares Edge Higher As Hopes Turn To Stimulus, Vaccines, More Charged, $12M To Victims: South Florida Company’s $281M Fraud Case, With Second Stimulus Checks Coming, Florida AG Warns Of Scams, A New Look To Year-End Tax Planning In 2020, Top 5 Annuity Stories Of 2020: A Roller-Coaster Year, NC Man Shuns Annuity In Claiming $1 Million Prize, Cayman Islands Reinsurers Form Industry Group, Powerball Ticket Sold In NC Wins $1 Million Prize, Be Wise When Projecting Retirement Income, Florida Dead Last On Nationwide Ranking Of Long-Term Care, Extension Allows Californians To Sign Up For Health Insurance Through Jan. 6, First Reported U.S. Case Of Virus Variant Found In Colorado. Allianz launches its newest IUL Accumulation product – Life Pro+ Advantage. It is important for you, as an agent, to understand all of the products that you can offer your clients. Ask your financial professional for the current cap. The bonus rate is established at issue and is guaranteed for the policy year. Allianz Life Insurance Company was initially founded back in the year 1890. S&P® and S&P 500® are trademarks of S&P. You can learn more about bonus opportunities further down the page. MINNEAPOLIS – Dec. 14, 2020 – Allianz Life Insurance Company of North America (Allianz Life) has announced new enhancements to its Allianz Life Pro+ Advantage℠ Fixed Index Universal Life Insurance Policy. Neither PIMCO nor any other party involved in, or related to, making or compiling the Index has any obligation to continue to provide the Index to the Company with respect to the Product. 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