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.