Market Overview

Allianz Life Bolsters FIUL Lineup with Allianz Life Pro+ Elite & Allianz Asset Pro+


New Products Bring Increased Flexibility to Allianz Life FIUL
Offerings, Help Address Holistic Planning Needs

Allianz Life Insurance Company of North America (Allianz
®) today announced the launch of two new fixed index
universal life (FIUL) insurance products, Allianz Life Pro+ EliteSM and
Allianz Asset Pro+SM. Allianz Life Pro+ Elite, for
traditional life insurance agents and financial professionals familiar
with selling life insurance, is an enhanced version of the popular
Allianz Life Pro+ product, now offering more proprietary index
allocation options including bonused allocation options. Allianz Asset
Pro+ is a new product designed specifically for broker/dealers and
financial professionals focused on helping meet their clients' holistic
planning needs with a simplified solution offering death benefit
protection, flexibility and tax advantages.

"The latest additions to our suite of FIUL products provide all
financial professionals the opportunity to offer their clients life
insurance solutions with the appropriate combination of protection and
accumulation potential," said Jason Wellmann, senior vice president of
Life Insurance Sales for Allianz Life. "With more financial
professionals looking to expand their offerings, Allianz Life Pro+ Elite
and Allianz Asset Pro+ can help strengthen a financial strategy with
protection for a lifetime and potential benefits for the future."

These new products help meet the need for an increased level of
education about life insurance, particularly the living benefits that
can help people access the available life insurance cash value through
policy loans and withdrawals to help fund college education, supplement
retirement or other financial needs1. According to the
Allianz Life 2018 Life Insurance Needs Survey*, more than half (51%) of
all respondents said they were either unsure or did not believe
permanent life insurance could provide these benefits.

Allianz Life Pro+ Elite can help people prepare for all stages of life
by providing their beneficiaries with a death benefit that is generally
income tax free as well as the ability to accumulate cash value
tax-deferred without losses due to market volatility, although fees and
charges will reduce policy values. Policy holders can utilize multiple
index allocation options, including a fixed interest option, with
several only offered by Allianz Life, including the Bloomberg US Dynamic
Balance Index II, Allianz True BalanceSM and the new
volatility controlled PIMCO Tactical Balanced Index. Also new with
Allianz Life Pro+ Elite, policy holders can choose between bonused index
allocation options that include the opportunity to earn an interest
bonus each year (starting in year one) dependent on interest credited to
a policy, or standard index allocation options that do not include an
interest bonus. For those that choose the interest bonus option, a
multiplier bonus of 15% will be applied on the current value after
interest is credited starting in year one2.

Allianz Asset Pro+, a more streamlined version of Allianz Life Pro+
Elite with fewer index allocation options, provides a simpler solution
for those financial professionals who are just beginning to offer life
insurance options within a holistic financial planning model. Like
Allianz Life Pro+ Elite, Allianz Asset Pro+ offers the interest bonus
opportunity as well as a number of tax advantages including tax-deferred
cash value accumulation potential, income-tax-free loans and withdrawals1
and a death benefit that is generally income tax free.

"Nearly 95% of respondents in our survey said the ability to save enough
to retire comfortably was a top priority when planning for their
financial future. Americans' need a diverse mix of financial products to
help them achieve that goal," added Wellmann. "It's imperative that all
financial professionals have access to a variety of innovative options –
including FIUL – that can help their clients add both protection and
opportunity to their long term financial strategy."

For more information about Allianz Life Pro+ Elite and Allianz Asset
Pro+ as well as important index information and disclosure, visit

Most life insurance policies require health underwriting and financial
underwriting. Life insurance involves certain fees and expenses.
Individuals should discuss with their financial professional whether a
life insurance policy meets their needs.

No single index or crediting method produces the best results in all
market conditions. Although an external index may affect the interest
credited, the policy does not directly participate in any equity or
fixed income investments. Clients are not buying shares in an index.

Policy loans and withdrawals will reduce available
cash values and death benefits, and may cause the policy to lapse or
affect any guarantees against lapse. Additional premium payments may be
required to keep the policy in force. In the event of a lapse,
outstanding policy loans in excess of unrecovered cost basis will be
subject to ordinary income tax. . If a policy is a modified endowment
contract (MEC), policy loans and withdrawals will be taxable as ordinary
income to the extent there are earnings in the policy. If any of these
features are exercised prior to age 59½ on a MEC, a 10% federal
additional tax may be imposed. Tax laws are subject to change. You
should consult a tax professional.

2 Bonus 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. There is no
guarantee that a policy will be credited with an interest bonus every
year as it is based on the growth of an external index.

Guarantees are backed by the financial strength and claims-paying
ability of the issuing company.

About Allianz Life Insurance Company of North

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 $2.4
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.

Allianz Life Insurance Company of North America offers insurance and
annuities in all states except New York. In New York, products are
issued by Allianz Life Insurance Company of New York.

* Allianz Life Insurance Company of North America conducted an
online survey, the 2018 Life Insurance Needs Survey, in January 2018
with 803 respondents age 35-60, having an annual household income of

View Comments and Join the Discussion!