Allianz Life Launches New FIA: Allianz 222 Annuity

Allianz Life Insurance Company of North America (Allianz Life), a leading provider of fixed index annuities (FIAs), today announced the launch of the Allianz 222SM Annuity, a new FIA available exclusively to field marketing organizations, broker/dealers, and agents associated with the Allianz PreferredSM platform. Available today in 44 states, the newest FIA to the Allianz Life lineup offers integral benefits to help power retirement income. These features and benefits are included in the FIA contract automatically with no additional fees.

“We understand that Americans are desperate for solutions that can help them prepare for a more secure retirement,” said Allianz Life Chief Distribution Officer Tom Burns. “As the industry leader in fixed index annuity sales, Allianz Life continues to provide product innovation based on customers’ need for both guarantees and the opportunity to increase income in retirement.”

Allianz 222 Annuity is the third exclusive product offered through the Allianz PreferredSM platform. This new FIA provides traditional annuity benefits such as accumulation potential through indexed or fixed interest, principal protection and tax deferral, and has an accumulation value that can be taken as a lump sum after the 10-year surrender charge period, or for annuitization after five years, less any bonuses. In addition, it can help meet retirement income needs by offering a Protected Income Value (PIV) specifically designed for lifetime income withdrawals that have the opportunity to increase. The PIV includes bonuses on premium in the first three contract years and potential interest bonuses. Lifetime income withdrawals can be taken from the PIV after holding the contract at least 10 years and if the income is elected between the ages of 60 and 100.