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Allianz Introduces Life Product With Living Benefits

By Staff Writer

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NU Online News Service, Nov. 12, 1:18 p.m. – Allianz Life Insurance Company of North America, Minneapolis, is introducing a new product, the Allianz LifeFund, that combines life insurance with retirement benefits and other living benefits.

The products offers a death benefit of up to $50,000; the option of converting policy cash values into fixed or equity-indexed retirement annuities; and accelerated benefits for insureds who suffer specified critical illnesses, chronic illnesses and disabilities.

Allianz is a unit of Allianz A.G., Munich.

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