Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Life Insurance

Allianz Adds 3 EIAs

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

An insurer has come out with 3 new annuity contracts.

Allianz Life Insurance Company of North America, Minneapolis, is introducing the InfiniDex, InfiniDex 5 and InfiniDex 10 equity-indexed annuity products.

The basic InfiniDex annuity pays crediting interest based on changes in a stock market index selected by the contract holder, according to Allianz Life, which is a unit of Allianz A.G., Munich.

“Contract holders can receive…a “threshold credit” each time the selected market index reaches or exceeds a threshold level on a monthly anniversary,” according to Allianz Life. “There’s no monthly, annual, or overall limit on the number of threshold credits that can be earned.”

The contract locks in the value of the credits immediately and protects those credits against future market index losses as long as the contract remains in effect for at least 5 years, Allianz Life says.

Contract holders also can put up to 75% of annuity assets in a fixed-interest option.

A contract holder can withdraw up to 10% of premiums paid each year starting 12 months after the last premium was received.

The InfiniDex 5 contract offers a 5% bonus on premiums received during the first 5 contract years, and the InfiniDex 10 contract offers a 10% bonus on premiums paid during the first 5 contract years.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.