To help registered investment advisers (RIAs) manage transition and longevity risks in client portfolios, Allianz Life Insurance Company of North America (Allianz Life) recently announced it has launched an advisory version of its Allianz Index Advantage Income® Variable Annuity. The Allianz Index Advantage Income ADVSM Variable Annuity offers an advisor-centric product design with seamless integration, low fees1, greater control and enhanced fee billing.
In a recent Allianz Life study*, 88 percent of financial advisors said it is more important to effectively manage risk in client portfolios than generate the highest gains. The product can help address retirement risks associated with the rising cost of living over a longer retirements by offering indexed return potential with a level of protection through multiple crediting methods (also called index strategies), tax deferral, a variety of lifetime payout options, and a choice of death benefit options within the accumulation phase.
“The Index Advantage Income ADV offers investment advisory representatives (IARs) and their clients a modern approach to managing retirement risks like longevity and inflation,” said Heather Kelly, senior vice president of Advisory and Strategic Accounts, Allianz Life. “The product offers low fees1, greater control in managing assets, commission-free, and enhanced fee-billing while seamlessly integrating into financial planning, portfolio management and reporting platforms. These features help to remove some of the barriers that have previously prevented RIAs from integrating insurance into holistic financial plans.”
In addition to the robust product benefits, advisors can leverage their preferred financial planning and portfolio management tools to help demonstrate the value of integrating insurance solutions to clients.
Learn more about the product and get supporting materials and dedicated resources at www.allianzlife.com/advincome.
1) A 0.25 percent product fee and 0.70 percent Income Benefit rider fee are accrued daily and deducted on each quarterly contract anniversary, calculated as a percentage of the charge base. The Income Benefit rider is automatically included in the contract at issue and cannot be added to a contract after issue.
*Allianz Life and Zeldis Research conducted an online survey in February and March of 2021 with a nationally representative sample of 289 financial advisors. Respondents included IARs and hybrid advisors with 5+ years of experience who make product recommendations to clients, have at least half of their business from individual clients, as well as an AUM of more than $25 million and 97 percent with AUM of more than $50 million.
As with any investment vehicle, index variable annuities are subject to investment risk, including possible loss of principal. Investment returns and principal value will fluctuate with market conditions so that contract values, upon distribution, may be worth more or less than the original cost.
Withdrawals will reduce the contract value and the value of any protection benefits. Withdrawals taken within the contract withdrawal charge schedule will be subject to a market value adjustment. All withdrawals are subject to ordinary income tax and, if taken prior to age 59½, may be subject to a 10 percent federal additional tax.
For more complete information about Allianz Index Advantage Income ADV Variable Annuity and the variable option, call your financial professional or Allianz Life Financial Services, LLC at 800.624.0197 for a prospectus. The prospectuses contain details on investment objectives, risks, fees, and expenses, as well as other information about the variable annuity and thee variable option, which you should carefully consider. Please read the prospectuses thoroughly before sending money.
Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America and do not apply to the performance of the variable subaccounts, which will fluctuate with market conditions.
Products are issued by Allianz Life Insurance Company of North America and are distributed by its affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. (L40538-IAI)
Product and feature availability may vary by state and broker/dealer.