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.”