My money is safe from market losses and I really like the growth, bonuses and income benefits. Bloomberg does not guarantee the timeliness, accurateness or completeness of any data or information relating to the Indices, and shall not be liable in any way to Allianz, investors in the Allianz product or other third parties in respect of the use or accuracy of the Indices or any data included therein. This course will equip you to understand how and when to use the Allianz Life Pro + Advantage IUL product to best serve your clients. The death benefit increase is taxable. A bonus design that adds a consistent bonus rate to the policy’s annual accumulation value. [Editorial queries for this story should be sent to gbn@enpublishing.co.uk] • Policy years 1-9: 14% of premium All disclaimers referenced in the Agreement relative to PIMCO also apply separately to those entities that are owners of the constituents of the Index. I've never paid a … Allianz Life had in 2018 provided USD2.8bn in benefit payments to policyholders. Nontobacco (ages 18-80): Preferred Plus, Preferred, Standard, Tobacco (ages 18-75): Preferred Tobacco, Standard Tobacco. PIMCO’s Trademark(s) are trademarks of PIMCO and have been licensed for use by SPDJI and Allianz. The Allianz Life Index Advantage Annuity can provide the ability to attain a nice amount of growth, while also limiting the amount of loss that can be incurred in a given time period. Allianz LifePro+ Advantage Forms DOL COMPLIANCE CERTIFICATION ALLIANZ LIFEPRO+ ADVANTAGE LONG FORM APPLICATIONS (Excluded CA & FL) ALLIANZ LIFEPRO+ ADVANTAGE LONG FORM APPLICATIONS Please note: The Allianz Life Pro+ Elite application forms vary • Policy years 10+: 4% of premium. Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America. 40% bonus opportunity with 1% annual asset charge. For explanations of each rider and any potential costs and/or restrictions, see the product profile. Allianz products are not sponsored, endorsed, sold, or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P, or their respective affiliates make any representation regarding the advisability of investing in such product. Death benefit option C (return of premium): Your death benefit will be equal to the specified amount plus the premium you have paid into the policy. Compared to the Life Pro+ Elite, there have been a few key changes and additions. The Product is not sold, sponsored, endorsed or promoted by PIMCO or any other party involved in, or related to, making or compiling the Index. Here’s a quick recap of some of the company’s most advantageous attributes: 1. Will Vaccines Protect Against New COVID Strain? This could be an option for a client who is looking for a moderate choice with bonus potential but no charges associated with the bonus. The Bloomberg US Equity Custom Futures ER Index is designed to provide exposure to large-cap U.S. stocks in excess of a benchmark rate. Contractors Begin Second Pass At Oklahoma Ice Storm Cleanup, Severe Weather Possible New Year’s Eve In Alabama, DealerPolicy Survey: Buyers Want Integrated Auto Insurance, How Brokers Can Protect Themselves From Lawsuits During COVID-19, COVID, Hurricane Season, Dominate Top Stories Of 2020, FIUL Sales Process Continues To Evolve With AG 49 A, Exciting New Partnership for FSG and Fortify Insurance Group, Mark Scalercio Joins OneAmerica® as Senior Vice President, Global Insurance Symposium Returns to Showcase Industry Trends & Future, Multiplier bonuses shown in the illustration are to be no higher than the maximum illustrated rate of the benchmark index, Individual indexed allocations will now have specific maximum illustrated rates, Participating (indexed) loan arbitrage will be limited to 50 bps above the loan charge, New classic (flat-rate) bonus for a guaranteed interest credit, Enhanced sales tools including a simplified consumer brochure, showcase tool for educational case studies, and redesigned illustration, Continued support of the Allianz Life volatility control indexes and Index Lock – exclusive features designed to provide the potential for more consistent performance in today’s environment. The cap is the maximum percentage of index change we use for a specified time period to determine how much interest we credit to your policy in a given contract year. 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. Fees. If you pay the required minimum premium for the first 10 policy years and do not take policy loans or withdrawals, your policy will be guaranteed not to lapse during that 10-year period or until you reach age 75, whichever is earlier, but not less than five policy years. The proceeds of this policy will be paid out upon the death of the second insured. Discover The Allianz Advantage. Please refer to the Life Pro+ Advantage product profile for details on these benefits, which may be taxable. Life Pro+ Advantage provides flexibility and access to the cash value via policy loans and withdrawals3 while the insured is living. Wealth Management. Annual point-to-point with a participation rate, Classic: The expense charge is deducted from the current accumulation value for the first 15 policy years, or through age 32 for juveniles. PROTECT WHAT MATTERS TODAY. Indexes can have different constituents and weighting methodologies. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”). Ask your financial professional for the current interest rate. In addition to providing death benefit protection, the new product features also provide more options for clients and new sales tools for the financial professionals who sell the policy. The DPSC is given to you by Allianz when your contract goes into effect, although it can change. You must be age 80 or younger to purchase Life Pro+ Advantage. [Editorial queries for this story should be sent to gbn@enpublishing.co.uk] These indexes are benchmarks only. In order to tune Life Pro+ Advantage IUL for maximum illustrated performance under AG 49-A, Allianz added a new suite of indices so-called Classic allocations that have a 0.9% guaranteed interest bonus in all years. S&P® and S&P 500® are trademarks of S&P. 2 May not be available in all states and the name may vary by state. There is a fee charged as a discount factor against every accelerated payment if the rider is exercised. Monthly insurance cost charge: An insurance cost charge will be deducted every month on the monthly anniversary and is based on factors such as age, gender, risk class, and death benefit amount. 0.90% flat rate bonus, Bonused: Medicare crisis solved?! Introducing Allianz – Life Pro Advantage September 26, 2019 / 0 Comments / in 3 Mark Webinars Archive / by Bruce Alfredson, CLU, ChFC View the webinar recording of the Allianz webinar Dated September 25, 2019 Premium Deposit Fund Rider – combines all of the advantages of life insurance with the simplicity of a single lump-sum payment. Please Join Jeff Wick with Allianz! This feature is available at no additional cost, but is not available in all states. The participation rate will vary depending on which crediting method you choose. The “PIMCO Tactical Balanced Index” is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and Pacific Investment Management Company LLC (“PIMCO”), and has been licensed for use by Allianz Life Insurance Company of North America (“Allianz”). Neither PIMCO nor any other party involved in, or related to, making or compiling the Index has any obligation to continue to provide the Index to the Company with respect to the Product. Because your needs and goals may change, you also have the opportunity to change your death benefit option after the first policy year. There are several ways to access your available cash value without incurring surrender charges: Life. Me and 3 Agents write about $4MM of target premium each year. Why Allianz What We Offer . View Guidelines. Allianz products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or PIMCO and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the PIMCO Tactical Balanced Index. • S&P 500® Index: 500 stocks representing major U.S. industrial sectors. For more details on allocation options, see our Allocation Guide brochure. Instead, you will potentially receive interest based on positive changes in the index(es) you’ve selected, subject to any caps (an upper limit on how much interest you can receive) and/or participation rates (the percentage of an index return that will be credited to your policy). Minimum death benefit on the insured begins at $100,000, with a $65,000,000 maximum death benefit (subject to limitations). I currently have a 140% level but don't like the IMO and am looking for a change. Additional premium payments may be required to keep the policy in force. Bonuses all begin in policy year one and are available with three of our index options shown below. No single index allocation option will be most effective in all market environments. There are a variety of indexed allocations available – including some that offer the opportunity for bonus potential (see next section). By submitting a lump-sum amount to the Premium Deposit Fund, we’re able to automatically transfer your annual premium payments into your life insurance policy for you. Term Pro+: Allianz’s one term life offering is the Term Pro+ policy. In the event that the Index is no longer available to the Product or Product owners, the Company may seek to replace the Index with another suitable index, although there can be no assurance that one will be available. This choice includes an allocation restriction, meaning clients may not be able to allocate 100% of their accumulation value, if the fixed account goes below 1%. The minimum initial premium payment is based on age, gender, risk class, death benefit, and riders, but is never less than $25/month or $300/year. : your death benefit option after the first 15 policy years have no responsibility or liability with respect to specified... And present are any indicators, your policy does not directly participate in any Equity or income! 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