What You Need to Know
- It will be the first Allianz Life product to be added since the firm’s entry into the defined contribution market.
Allianz Life Insurance Co. of North America announced this week that it is collaborating with Morningstar Investment Management to help individuals allocate their retirement savings to its annuity products through the Morningstar Retirement Manager service.
The Allianz Lifetime Income+ Annuity with the Lifetime Income Benefit will be the first Allianz Life product to be added since the firm’s entry into the defined contribution market.
Allianz Lifetime Income+ is a fixed indexed annuity that offers growth potential, protection from market loss and a Lifetime Income Benefit, which has the potential to increase annually for life to help address the effects of inflation.
Morningstar Retirement Manager, a managed accounts and advice service, helps individuals at every stage of retirement, including with personalized and independent advice on how much to save, how to invest and when to take Social Security. The service will even manage an individual’s investment strategy on an ongoing basis.