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. These trademarks have been sublicensed for certain purposes by Allianz Life Insurance Company of North America (“Allianz”). PIMCO disclaims all warranties, express or implied, including all warranties of merchantability or fitness for a particular purpose or use. Fees. The expense charge is deducted from the current accumulation value for the first 15 policy years, or through age 32 for juveniles. The expense charge is calculated at the time of policy issue. 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. Please Join Jeff Wick with Allianz! 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. The Allianz Life Pro+ Elite index menu includes a fixed-interest option, the Bloomberg US Dynamic Balance Index II, the Allianz True Balance index and the PIMCO Tactical Balanced Index. The discount factor is based on age, premium class, current cash value of the policy, and current discount factor interest rate at that time. Bonused: 15% multiplier bonus PIMCO shall have no responsibility or liability with respect to the Product. Get breaking news, exclusive stories, and money- making insights straight into your inbox. Medicare crisis solved?! For more details on allocation options, see our Allocation Guide brochure. The index allocations that offer the interest bonus will generally have lower caps and participation rates. How can the policy provide your beneficiaries with financial reassurance? The S&P 500® Index (S&P 500®) is comprised of 500 stocks representing major U.S. industrial sectors. Would anyone be willing to tell me if I can go direct or go under an IMO to write Allianz IUL business. 15% bonus opportunity, Select: Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg US Dynamic Balance II ER Index and/or the Bloomberg US Equity Custom Futures ER Index (“Indices”). The maximum discount factor is determined by the life expectancy of the insured and the discount factor at the time of acceleration. These bonus opportunities can potentially increase the amount of indexed interest credited to your policy. Monthly insurance cost charge: An insurance cost charge will be deducted every month on the monthly anniversary and is based on factors such as age, gender, risk class, and death benefit amount. Allianz Life Pro+ Advantage SM Fixed Index Universal Life … I was approached cold by a rep for Allianz about this plan (6 index universal life). The PIMCO Tactical Balanced ER Index is comprised of the U.S. Equity Futures Custom Index, a bond component comprised of the PIMCO Synthetic Bond ER Index and a duration overlay, and shifts weighting between them daily based on historical realized volatility of the components. • Policy years 1-9: 8% of premium You should consult with your tax advisor. 40% bonus opportunity with 1% annual asset charge. 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. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). It takes a well-informed and well-executed strategy to have enough money to live on in your retirement years. How much indexed interest your policy can earn may be limited by a cap. Withdrawals in excess of premiums paid will be subject to ordinary income tax. 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. Life Pro+ Advantage provides a death benefit that’s … 10/15/20 11:00 AM - 12:00 PM. 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 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. Annual point-to-point with a participation rate, Classic: Can the policy help me address other financial needs. Life. Discover The Allianz Advantage. Remember that, with an external index, your policy does not directly participate in any equity or fixed income investments. 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. Instead, you will potentially receive interest based on positive changes in the index(es) you’ve selected, subject to any caps (an upper limit on how much interest you can receive) and/or participation rates (the percentage of an index return that will be credited to your policy). Monthly expense charge: The expense charge is a per $1,000 charge of your policy’s specified amount, and is based on factors such as the insured’s gender, age, specified amount, and risk class. The Russell 2000® Index is an equity index that measures the performance of the 2,000 smallest companies in the Russell 3000® Index, which is made up of 3,000 of the biggest U.S. stocks. 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. These indexes are benchmarks only. Allianz has been good to me for more than 5 years. [Editorial queries for this story should be sent to email@example.com] How does the policy provide opportunities for tax-deferred accumulation? By submitting a lump-sum amount to the Premium Deposit Fund, we’re able to automatically transfer your annual premium payments into your life insurance policy for you. This design multiplies any annual indexed interest by 15%. Death benefit option B (increasing): Your death benefit will be equal to the specified amount plus the accumulation value. The proceeds of this policy will be paid out upon the death of the second insured. He touts it as the best as far a tax hit goes for a long-term investment. 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. Opening Thoughts About the Allianz Life 360 Fixed Indexed Annuity. 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. 2. 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 Allianz Life Pro+ Survivor Fixed Index Universal Life Insurance policy is a good and cost effective way to insure two individuals at the same time. Life Pro+ Advantage has additional riders and benefits, so you can customize your policy for your specific needs. If their past and present are any indicators, your life insurance is in good hands with Allianz. Description. • Policy years 10+: 4% of premium. • Bloomberg US Dynamic Balance II ER Index: Shifts weighting between several indexes daily Allianz Life Pro+ Advantage℠ Fixed Index Universal Life Insurance Policy. • Policy years 10+: 4% of premium, - For supplemental premium in excess of standard premium amount: Plan(s) Underwritten by BCS Insurance Company or Jefferson Insurance Company depending on insured’s state of residence. Me and 3 Agents write about $4MM of target premium each year. “While regulations and markets continue to change, Allianz Life is focused on delivering innovative product solutions to help clients protect their finances and address risks both in the short and long term,” said Jason Wellmann, senior vice president of Life Insurance Distribution, Allianz Life. 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. 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 […] This policy provides coverage and features comparable to Allianz’s other Life Pro series policies and is specifically designed for long-term asset protection. The company's greatest strength is its selection of annuity solutions, although its stellar financial strength is also another strong point for it. 0.90% flat rate bonus, Bonused: The “PIMCO Tactical Balanced Index” is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and Pacific Investment Management Company LLC (“PIMCO”), and has been licensed for use by Allianz Life Insurance Company of North America (“Allianz”). Life Pro+ Advantage provides flexibility and access to the cash value via policy loans and withdrawals3 while the insured is living. However, the only index options in the Classic allocations are – you guessed it – proprietary indices. 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. View Guidelines. The days of every company offering a pension are fast disappearing, and with the future solvency of Social Security benefits rapidly coming into question, it is likely that you will need a diversified strategy to fund your future. In other words, you are not buying shares in an index. The death benefit increases 10% if the beneficiary chooses to take the policy proceeds over 10 years or longer. 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. The funding period can be designated between 3-10 policy years. 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. Nontobacco (ages 18-80): Preferred Plus, Preferred, Standard, Tobacco (ages 18-75): Preferred Tobacco, Standard Tobacco. 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. The participation rate will vary depending on which crediting method you choose. The Russell 2000® Index is a trademark of Russell Investments and has been licensed for use by Allianz Life Insurance Company of North America. 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 I currently have a 140% level but don't like the IMO and am looking for a change. 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. It is important for you, as an agent, to understand all of the products that you can offer your clients. There are several ways to access your available cash value without incurring surrender charges: 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 The Product is not sold, sponsored, endorsed or promoted by PIMCO or any other party involved in, or related to, making or compiling the Index. 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. 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. Premium Deposit Fund Rider – combines all of the advantages of life insurance with the simplicity of a single lump-sum payment. 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. It is the first policy of its kind to offer Index Lock, an exclusive feature that gives your clients the ability to lock in … Term Pro+: Allianz’s one term life offering is the Term Pro+ policy. The index covers 50 stocks from 11 Eurozone countries: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain. In the event of a lapse, outstanding policy loans in excess of unrecovered cost basis will be subject to ordinary income tax. For explanations of each rider and any potential costs and/or restrictions, see the product profile. Surrender charge: 12-year decreasing surrender charge (based on age, gender, death benefit amount, and risk class). I've never paid a … The fixed interest rate is guaranteed to never be less the 0.1%. Life Pro+ Advantage offers enhanced flexibility and control, including multiple ways to access available cash value via policy loans and withdrawals1 and the unique index lock feature that provides the ability to lock in indexed interest credit at any point during the crediting period, prior to the policy anniversary2. PIMCO’s Trademark(s) are trademarks of PIMCO and have been licensed for use by SPDJI and Allianz. Credibility:Allianz is a company you can count on, with a phenomenal track record, strong credit ratings, and solid financial performance. The Bloomberg US Dynamic Balance II ER Index is comprised of the Bloomberg Barclays US Aggregate Custom RBI Unfunded Index and the Bloomberg US Equity Custom Futures ER Index and shifts weighting daily between them based on realized market volatility. - For premium up to standard premium amount: Terms, conditions, and exclusions apply. A bonus design that adds a consistent bonus rate to the policy’s annual accumulation value. S&P® and S&P 500® are trademarks of S&P. Chronic Illness Accelerated Death Benefit Rider, Terminal Illness Accelerated Death Benefit Rider. When the insured turns 120, the death benefit equals the accumulation value. AGA Service Company is the licensed producer and administrator of these plans. 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. My money is safe from market losses and I really like the growth, bonuses and income benefits. 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. This course will equip you to understand how and when to use the Allianz Life Pro + Advantage IUL product to best serve your clients. Sections. 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. 2 May not be available in all states and the name may vary by state. Power 2019 Life Insurance Study Allianz Life Pro+ Advantage SMFixed Index Universal Life Insurance Policy is designed to change as your needs do, by offering important features to help through all stages of life. You can learn more about bonus opportunities further down the page. • Policy years 1-9: 14% of premium 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. There are a variety of indexed allocations available – including some that offer the opportunity for bonus potential (see next section). The bonus rate is established at issue and is guaranteed for the policy year. 206 – Allianz Life Pro + Advantage IUL - $0.00. 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. 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 … Allianz products are neither sponsored nor promoted, distributed or in any other manner supported by STOXX, Deutsche Börse Group or their licensors, research partners or data providers and STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not give any warranty, and exclude any liability (whether in negligence or otherwise) with respect thereto generally or specifically in relation to any errors, omissions or interruptions in the EURO STOXX 50 or its data. Here’s a quick recap of some of the company’s most advantageous attributes: 1. 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. 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