Allianz Life Adds Premium Deposit Fund Rider to Allianz Life Pro+ Fixed Index Universal Life (FIUL) Insurance Policy

  Allianz Life Adds Premium Deposit Fund Rider to Allianz Life Pro+ Fixed
  Index Universal Life (FIUL) Insurance Policy

 FIUL Rider Now Offers Option for Single Lump-Sum Payment, Discounted Premium

Business Wire

MINNEAPOLIS -- October 16, 2012

Allianz Life Insurance Company of North America (Allianz Life^®) today
launched the optional Premium Deposit Fund (PDF) Rider, available with the
Allianz Life Pro+^® Fixed Index Universal Life Insurance Policy for no
additional cost, allowing clients to fund the PDF with a single payment and
avoid creating a Modified Endowment Contract. After submitting a lump sum
amount to the PDF^1, Allianz Life will automatically transfer the client’s
annual planned premium into their life insurance policy, and will also provide
an annual 2.25% Premium Discount Rate as the premium is transferred from the
PDF into the policy – helping to stretch dollars further^2, 3.

“Life Pro+ has proven to be a popular choice for consumers in need of death
benefit protection as well as tax-deferral and flexibility with any available
cash value through policy loans,” said Jason Wellmann, senior vice president
of Life Insurance Sales for Allianz Life. “The Premium Deposit Fund Rider is
another great addition to Life Pro+ because it is simple, predictable and
helps maintain the tax advantages available through life insurance.”

Clients start by making a lump-sum payment into their Premium Deposit Fund.
Their first annual planned premium is deducted from that amount and
transferred to their life insurance policy, giving them a disciplined premium
payment approach and the reassurance it can provide. Each policy year, for the
number of years they select for the Premium Deposit Fund period, their annual
premium will be transferred from the PDF into their life insurance policy^4.
Every policy anniversary, the amount withdrawn from the PDF to pay the annual
planned premium will have a Premium Discount Rate^3 applied – creating the
Discounted Premium Credit^2, 5.

In July 2012, Allianz Life announced enhancements to Life Pro+, adding a new
blended index allocation option with a 2% annual floor, which is designed to
offer more choice and flexibility for policyholders who want to increase the
potential for cash value accumulation in their policy. The death benefit,
which is provided income-tax-free to beneficiaries, can address immediate
needs that may include income replacement, a college funding strategy, paying
down a mortgage or other debts, estate tax coverage, final expenses, and
business succession. In addition to the death benefit, Life Pro+ provides the
policyholder access to the available cash value income-tax-free via policy
loans and surrenders^6. The 5.3% fixed participating loan rate is guaranteed,
and among some of the most competitive participating loan rates available
within the life insurance industry.

Optional Inflation Protection Rider
Life Pro+ also offers an innovative optional Inflation Protection Rider, which
is available at an additional cost (based on age, gender, risk class and death
benefit) at the time it is exercised. There is no additional cost if the rider
is not exercised.

Launched in the second quarter of 2011, advantages of Life Pro+ include:

  *Tax advantages, including income-tax-free death benefit to beneficiaries,
    potential to build cash value on a tax-deferred basis, and policy loans
    from the available cash value that are income-tax-free while the policy
    remains in force^6.
  *Cash value accumulation potential that can earn credited interest based on
    a variety of index allocations that include the S&P 500^®, Nasdaq-100^®,
    and an exclusive blended index. With the built-in annual reset feature,
    any indexed interest credited is locked in and can never be lost due to
    market volatility, meaning the policy’s cash value is guaranteed to never
    decrease due to negative index changes.
  *Select index allocation options that offer higher caps or participation
    rates (available at an additional cost of 1%).
  *Complete customization via optional riders, including an Inflation
    Protection Rider that can help protect purchasing power.
  *Flexible premium payments to help meet financial goals. Premiums can be
    paid at any time and in any amount (subject to some limits), as long as
    policy expenses and cost coverage are met.
  *Policy loans^6 – including a low 5.3 % guaranteed participating loan
    interest rate – that can help supplement retirement income, supplemental
    college funding, financial emergencies or business succession planning.

Keep in mind that most life insurance policies require health underwriting
and, in some cases, financial underwriting.

For more information about Life Pro+, visit

^1 Additional premium payments may be required to keep the life insurance
policy in force if the premium discount rate changes after issue.
^2 Discount does not apply to first year premium.
^3 The Premium Discount Rate is guaranteed on an annual basis and will never
be less than 0.25%.
^4 Minimum number of planned premium transfers is three, and the maximum
number of premium transfers is 10.
^5 The Discounted Premium Credit being transferred to the policy is considered
interest paid to the policy holder and will generate a 1099-INT for the policy
holder (Consult with a tax advisor).
^6 Policy loans 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 un-recovered cost basis will be
subject to ordinary income tax. Tax laws are subject to change. You should
consult a tax professional.

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

Contract P54350 is issued by Allianz Life Insurance Company of North America.
Product and feature availability may vary by state.

About Allianz Life
Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best
Companies to Work For in 2012, 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. 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 worldwide. More than 78 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
Media Contact:
Sara Thurin Rollin, 763-765-6703
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