Two new indexed universal life products are now available for sale in more than 30 states, the issuer says.
Allianz Life Insurance Company of North America, Golden Valley, Minn., a unit of Allianz S.E., Munich, Germany, says the products, the GenDex Momentum and GenDex Survivor policies, are part of its GenDex line.
The new GenDex products offer new indexing options, higher caps, and new options for getting money out early, Allianz Life says.
The GenDex Momentum policy is aimed at consumers who are willing to pay higher premiums in exchange for a higher cash value, and the GenDex Survivor is aimed at consumers who want to insure 2 people with one policy, Allianz Life says.
Allianz Life is responsible for backing the product guarantees.