An annuity manufacturer has updated a well-known line of indexed annuity contracts.
Allianz Life Insurance Company of North America, Minneapolis, a unit of Allianz S.E., Munich, has the new Allianz MasterDex Plus version of its MasterDex series includes the Income Plus Benefit income guarantee rider.
Other changes include the addition of more financial benchmark choices, such as the FTSE 100; the availability of annual point-to-point and monthly average crediting methods; and revised withdrawal features.
The products – the MasterDex Plus, MasterDex 5 Plus, and MasterDex 10 Plus contracts – have been approved for sale in 35 states.
Allianz Life is responsible for backing the product guarantees.