Allianz Life Launches New FIA: Allianz 222 Annuity

  Allianz Life Launches New FIA: Allianz 222 Annuity

     Exclusive fixed index annuity features more benefits and choices for
                         protection and flexibility.

Business Wire

MINNEAPOLIS -- January 28, 2013

Allianz Life Insurance Company of North America (Allianz Life), a leading
provider of fixed index annuities (FIAs), today announced the launch of the
Allianz 222^SM Annuity, a new FIA available exclusively to field marketing
organizations, broker/dealers, and agents associated with the Allianz
Preferred^SM platform. Available today in 44 states, the newest FIA to the
Allianz Life lineup offers integral benefits to help power retirement income.
These features and benefits are included in the FIA contract automatically
with no additional fees.

“We understand that Americans are desperate for solutions that can help them
prepare for a more secure retirement,” said Allianz Life Chief Distribution
Officer Tom Burns. “As the industry leader in fixed index annuity sales,
Allianz Life continues to provide product innovation based on customers’ need
for both guarantees and the opportunity to increase income in retirement.”

Allianz 222 Annuity is the third exclusive product offered through the Allianz
Preferred^SM platform. This new FIA provides traditional annuity benefits such
as accumulation potential through indexed or fixed interest, principal
protection and tax deferral, and has an accumulation value that can be taken
as a lump sum after the 10-year surrender charge period, or for annuitization
after five years, less any bonuses. In addition, it can help meet retirement
income needs by offering a Protected Income Value (PIV) specifically designed
for lifetime income withdrawals that have the opportunity to increase. The PIV
includes bonuses on premium in the first three contract years and potential
interest bonuses. Lifetime income withdrawals can be taken from the PIV after
holding the contract at least 10 years and if the income is elected between
the ages of 60 and 100.

Protected Income Value bonuses
Consumers can receive a bonus^1 on the PIV of the annuity in two ways. A 15%
premium bonus will be added to the contract on any premium added in the first
three contract years. There is also an interest bonus equal to 50% of any
fixed and/or indexed earned interest for as long as the contract is held.
Additionally, Allianz 222 Annuity provides the flexibility of choosing from
eight indexed interest allocations and a fixed interest option. The premium
bonus or potential interest bonuses will not be received if the contract is
partially or fully surrendered or if traditional annuitization payments are
taken.

Increasing lifetime withdrawal income
Once lifetime withdrawals begin, there are two ways that income can increase.
The income from the PIV will increase each year based on the interest rate
credited to the allocations, plus the 50% interest bonus. And, if the contract
owner should later be confined to an eligible nursing facility, hospital, or
assisted living facility for at least 90 days in a consecutive 120-day period,
they can receive up to double the annual maximum income withdrawal with the
Allianz Income Multiplier (AIM) Benefit.

Choices for beneficiaries
There are two death benefits options that a beneficiary can choose from. They
can either receive the full remaining accumulation value as a lump-sum
distribution (this option doesn’t include any bonuses) or they can receive the
remaining PIV – including the premium and interest bonuses – in payments over
a minimum of five years.

“We think the Allianz 222 Annuity^SM is an excellent addition to our Preferred
portfolio of fixed index annuity products,” states Senior Vice President of
Sales, Eric Thomes. “Allianz 360^SM Annuity focuses on opportunity, Allianz
365i^SM Annuity offers guarantees and opportunity, and Allianz 222 is a
versatile solution that provides flexibility and the potential for bonuses and
income increases.”

^1Bonus annuities may include higher surrender charges, longer surrender
charge periods, lower caps, higher spreads, or other restrictions that are not
included in similar annuities that don’t offer a bonus feature.

Please note that Allianz Life Insurance Company of North America, its
affiliated companies, and their representatives and employees do not give
legal or tax advice. You are encouraged to consult your tax advisor or
attorney.

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

Distributions are subject to ordinary income tax and, if taken prior to age 59
^1/2, a 10% federal additional tax.

Contract C54370 and rider R95352 (Allianz 222 Annuity), contract C54370 and
rider R95316 (Allianz 360 Annuity), and contract C52575 and rider R95331
(Allianz 365i Annuity) are issued by Allianz Life Insurance Company of North
America. Product & 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 2013, 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.

Contact:

Allianz Life Insurance Company of North America
Media Contact:
Sara Thurin Rollin, 763-765-6703
sarathurin.rollin@allianzlife.com
 
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