Allianz Life Taps Indexing, Hedging Expertise for Enhancements to Allianz Life Pro+ Fixed Index Universal Life Insurance Policy

  Allianz Life Taps Indexing, Hedging Expertise for Enhancements to Allianz
  Life Pro+ Fixed Index Universal Life Insurance Policy

 New Trigger Method for Determining Indexed Interest Helps Strengthen Popular
                                 FIUL Product

Business Wire

MINNEAPOLIS -- April 23, 2013

Allianz Life Insurance Company of North America (Allianz Life^®) today
announced enhancements to the Allianz Life Pro+^® Fixed Index Universal Life
(FIUL) Insurance Policy. In addition to helping agents provide income-tax-free
death benefit protection for beneficiaries, the enhancements to Allianz Life
Pro+ are designed to provide more flexibility to clients, particularly
Transition Boomers, those ages 55-65 who are close to or just beginning
retirement. Launching today in 39 states, the enhancements feature a new
trigger method for determining potential indexed interest. Among a variety of
options, this crediting method is unique to the FIUL industry, which can
provide the opportunity for clients to earn 9% credited interest annually on
their policy when the index experiences flat or positive performance.

“We’re constantly working to offer consumers new innovations with our products
and these enhancements to Allianz Life Pro+ allow us to continue to provide
protection for policyholders’ life, cash value accumulation potential and
purchasing power,” said Jason Wellmann, senior vice president of Life
Insurance Sales for Allianz Life. “The new trigger method really stands out
since it leverages Allianz Life’s indexing expertise and in-house dynamic
hedging capabilities, passing the savings generated by those activities along
to the end customer.”

The trigger method is only available with the S&P 500® index allocation with
annual point-to-point crediting, tracking changes in that index from one
policy anniversary to the next. Any change greater than or equal to zero will
result in 9% (the Trigger Interest Rate) credited interest to the policy,
which is subject to change on an annual basis, and guaranteed not to go below
2.50%. If the result is negative (less than zero), 0% will be credited to the
policy. In years when the index return exceeds the Trigger Interest Rate, the
potential credited interest would be capped at 9%.

Other new enhancements include:

  *Built-in Chronic Illness Accelerated Benefit Rider^1 – Clients can access
    a portion of their death benefit if they become chronically ill. This
    feature is built-in and added to the policy at issue, and can help clients
    prepare financially should they become chronically ill.
  *Shorter surrender charge period – The surrender charge period is now
    decreased from 15 years to 10 years, giving clients access to the
    available cash value of the policy sooner, if needed^2. Surrender charges
    are based on age, gender, risk class, and death benefit.
  *Enhanced Additional Term Rider – Offers a more cost-effective option for
    death benefit protection.

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, Allianz
Life Pro+ provides the policyholder access to the available cash value
income-tax-free via policy loans and withdrawals^2.

In 2012, Allianz Life announced initial enhancements to Allianz Life Pro+,
including the availability of an optional no additional cost Premium Deposit
Fund (PDF) Rider which allows clients to fund the PDF with a single payment
with annual planned premiums automatically transferred from the PDF to the
life insurance policy^3. A new blended index allocation option with a 2%
annual floor (subject to change on an annual basis) not to go below 1% was
also added , and designed to offer more choice and flexibility for
policyholders who want to increase the potential for cash value accumulation
in their policy.

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

  *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^2.
  *Optional Inflation Protection Rider that helps loan amounts keep pace with
    the effects of inflation, 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.
  *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. Certain fees and expenses will
    reduce cash value.
  *Select index allocation options that offer higher caps or participation
    rates (available at an additional cost of 1%).
  *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^2 – 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.
    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.

Keep in mind that most life insurance policies require health underwriting
and, in some cases, financial underwriting. Life insurance involves certain
fees and expenses. Individuals should discuss with their financial
professional to determine if a life insurance policy meets their needs.

For more information about Allianz Life Pro+, visit

^1 Subject to certain age and underwriting requirements, and is available at
an additional cost at the time the rider is exercised. Not available in all

^2 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
un-recovered cost basis will be subject to ordinary income tax. Tax laws are
subject to change. You should consult a tax professional.

^3 Minimum number of planned premium transfers is three, and the maximum
number of premium transfers is 10.

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 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.


Allianz Life Insurance Company of North America
Media Contact:
Sara Thurin Rollin, 763-765-6703
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