Allianz Life Insurance Company of North America has enhanced its Allianz Index Advantage Variable Annuity through the addition of Index Guard Strategy and EURO STOXX50 Index allocation option for new contracts.
The Index Guard Strategy has been designed to meet the client’s financial objectives and risk tolerance through providing a level of protection from severe index losses.
The clients can also allocate funds to an index strategy using the EURO STOXX 50, a blue-chip representation of supersector leaders in the Eurozone countries, available in the Index Performance Strategy and the Index Guard Strategy.
Under the well-rounded portfolio, this index variable annuity will help clients in planning uncertainties as they accumulate retirement assets.
Allianz Life Insurance Company of North America issues the products, while its affiliate Allianz Life Financial Services distributes the products.
Allianz Life Financial Services president Robert DeChellis said: "Index Advantage offers unique growth opportunities, a level of protection, and the flexibility to move funds between index strategies.
"Clients who want to accumulate assets but have less tolerance for incurring a large loss may find the new Index Guard Strategy is a great fit for their investment needs."
As part of the Index Guard Strategy, the client will receive an annual performance credit equal to that return up to the cap, if the annual index return is positive.
The client will receive a negative performance credit that will never be less than a specified percentage called the floor, if the annual index return is negative.
Allianz Index Advantage is said to provide competitive upside potential and level of protection from index losses, helping clients in addressing the challenges of low interest rates and market volatility.
Image: Allianz Life has added Index Guard Strategy and EURO STOXX50 Index allocation option to Index Advantage Variable Annuity. Photo: courtesy of Vichaya Kiatying-Angsulee / FreeDigitalPhotos.net.