Allianz Life Increases Roll Up to 6% Annually on Variable Annuities With
Optional Income Protector Rider
Better-Than-Expected Market Conditions Trigger Increase for Retirement Savings
MINNEAPOLIS -- October 17, 2012
With a goal of increasing income for retirees, Allianz Life Insurance Company
of North America (Allianz Life®) today announced that it will increase the
annual roll up from 5% to 6% on the optional Income Protector rider for new
Allianz Vision ^ SM Variable Annuity contracts issued on or after October 15,
“Allianz Life is committed to providing opportunities to increase income
during retirement. While many other carriers have recently been reducing rider
benefits, we believe through our effective management we’re in a position to
increase the annual roll up on the optional Income Protector rider,” Chief
Distribution Officer Tom Burns said. “We monitor the markets and look for
every opportunity to provide competitive and sustainable products, especially
in the variable annuity market.”
The Income Protector rider offers a lifetime income benefit to help
consumers build a protected source of income with a guaranteed growth rate and
the potential for annual payment increases based on positive contract value
“Growing income for your retirement, especially increasing income potential
that is tax-deferred, and that can compound over time is one of the strengths
of the Income Protector rider,” said Robert DeChellis, president of Allianz
Life Financial Services, LLC. “Because variable annuities offer potential
growth through market participation, they are a key part of many retirement
In addition to the 6% annual increase, the Income Protector rider continues to
*Quarterly resets – On a quarterly basis, the 1.50% simple interest, known
as the 6% Annual Increase, will automatically reset to equal the contract
value, if higher;
*Increasing income potential – Lifetime income with opportunities for
increasing income in any market, even if the contract value is less than
the benefit base (which can happen during the withdrawal period); and
*Up to 30 years of guaranteed quarterly growth – Prior to beginning
lifetime income, the 1.50% simple interest is credited on each quarterly
contract anniversary for up to 30 years or until the older covered person
is 91 years old, whichever comes first.
Allianz Vision ^ SM Variable Annuity offers the kind of choice and flexibility
that a growing number of consumers may be seeking in a variable annuity to
help accumulate enough assets to retire the way they want and to create enough
income to maintain their current lifestyle. Variable annuities can help meet
your clients' long-term retirement goals by providing tax deferral*, a broad
range of investment options, a death benefit and guaranteed lifetime income,
along with optional riders and benefits available for an additional cost.
For more complete information about Allianz Vision Variable Annuity and
variable investment options, call Allianz Life Financial Services, LLC at
800.624.0197 for a prospectus. The prospectuses contain details on investment
objectives, risks, fees and expenses, as well as other information about the
variable annuity and investment options, which you should carefully consider.
You are encouraged to read the prospectuses thoroughly before sending money.
Guarantees are backed by the financial strength and claims-paying ability of
Allianz Life Insurance Company of North America and do not apply to the
performance of the variable subaccounts, which fluctuate with market
*Withdrawals will reduce the contract value and the value of any protection
benefits. Additional withdrawals taken within the contract withdrawal charge
schedule will be subject to a withdrawal charge. All withdrawals are subject
to ordinary income tax and, if taken prior to age 59 ½, may be subject to a
10% federal tax penalty.
Allianz Vision Variable Annuity mortality and expense risk charges range from
1.40% to 1.70% depending on the contract selected.
The optional Income Protector rider is available for an additional current
annual charge of 1.20% for single or joint Lifetime Plus payments.
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
Variable annuities are issued by Allianz Life Insurance Company of North
America, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297 and distributed
by its affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701
Golden Hills Drive, Minneapolis, MN 55416-1297. 800.542.5427,
www.allianzlife.com. (L40529, L40530)
Product and feature availability may vary by state and broker/dealer.
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
Sara Thurin Rollin, 763-765-6703
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