Allianz Indexed UL Targets Flexibility

Allianz Life Insurance Company of North America has rolled out a fixed index universal life policy that permits customization to the client’s needs.

The contract, GenDex Foundation, is a flexible-premium fixed UL product.

It offers a death benefit, fixed and index and indexed interest-crediting options; a positive, adjustable annual floor in the event the index is flat or negative; a long term care accelerated benefit rider; and other optional riders at additional cost, says Allianz, Minneapolis.

The premiums are designed to be affordable and flexible, according to the company.

The product may be a good fit for consumers seeking flexible life insurance coverage with mid-tier guarantees at reasonable premiums, Allianz says.