Allianz Life Insurance has unveiled a new fixed index annuity (FIA), Allianz 365i Annuity and Income Maximizer Rider for the field marketing organizations and Allianz Preferred distribution model associated agents.
The new Allianz 365i Annuity and Income Maximizer Rider feature indexed interest and income protection.
Allianz Life senior vice president of Sales Eric Thomes said that the new fixed index annuity provides the reassurance of having guarantees and an opportunity to earn additional interest.
The new Annuity and Income Maximizer Rider provides income along with flexible choices on how to receive it along with options for steady payments, Thomes added.
The Allianz 365i Annuity provides indexed interest growth opportunities, a premium bonus, a 10-year declining surrender charge and flexible income choices for the clients in addition to enhanced potential death benefits for beneficiaries equal to 25% of all interest credits.
The income Maximizer Rider protects people income value for lifetime income withdrawals use that will be credited with a 6% guaranteed interest roll-up and other additional earned interest.