Allianz Life Launches Allianz 365i Annuity in 32 US States

Allianz Life Insurance Company of North America (Allianz Life), a leading provider of fixed index annuities (FIAs), announced the launch of the Allianz 365i(SM) Annuity and Income Maximizer Rider, a new FIA with optional rider that is exclusive to Field Marketing Organizations and agents associated with the Allianz Preferred(SM) distribution model.

Available in 32 US states, the newest FIA to Allianz Life's lineup offers guarantees and potential additional interest, plus income that cannot be outlived and flexible income choices.

The Allianz 365i Annuity, the second exclusive product offered through Allianz Preferred, features a number of benefits, including indexed interest growth opportunities, a premium bonus, a 10-year declining surrender charge and flexible income choices. The Allianz 365i Annuity also offers a potential death benefit enhancement for beneficiaries equal to 25 percent of all interest credits.

Income Maximizer Rider In addition to the benefits of the base contract, Allianz 365i Annuity owners will have the opportunity to add the Income Maximizer Rider for an additional cost. This optional rider creates a protected income value for people to use for lifetime income withdrawals that gets credited with a 6% guaranteed interest roll-up and any additional earned interest based on their 365i index allocations. These credits continue until lifetime income withdrawals or annuitization begins.

The annual cost of the Income Maximizer Rider is 1.20% of the protected income value, which is deducted on a monthly basis from the accumulation value and the guaranteed minimum value, in most states.