Allianz Life Insurance Company has introduced Allianz Life Pro+ Fixed Index Universal Life (FIUL).
In addition to a death benefit, Life Pro+ offers an optional inflation protection rider. And in 29 states, policyholders can access the cash value, income tax free, via policy loans at a fixed loan rate of 5.3%.
Other product features include:
- Tax advantages, including income tax-free death benefit to beneficiaries; cash value that grows tax deferred; and policy loans from the cash value that are income tax-free while the policy remains in force.
- Cash value accumulation that can earn interest based on a variety of index allocations (including an exclusive blended index), fixed interest or both. With the built-in annual reset feature, any indexed interest received is locked in and can never be lost due to market volatility, meaning the policy’s value is guaranteed to never decrease due to negative index changes.
- New select index allocations that offer higher caps or participation rates (available at an additional cost).
- Optional riders.
- Flexible premium payments. Premiums can be paid at any time and in any amount (subject to some limits), as long as policy expenses and cost coverage are met.
“Life Pro+ provides consumers with life insurance options that protect their family while offering an alternative way of accumulating on a tax-deferred basis,” says Jason Wellmann, senior vice president of life insurance sales for Allianz Life.
For more information, visit: www.allianzlife.com.