Today Newsletter - Allianz Life Insurance Company of North America
Allianz Today Newsletter  |  Trouble viewing this email?
June 6, 2023
 
 
UntitledAllianz Life

Product news

 
 

BIG news: Allianz Life Pro+® Advantage rate increases

Share the news with your clients

Participation and cap rates for the Classic bonus allocations on Allianz Life Pro+® Advantage Fixed Index Universal Life Insurance Policy will increase effective today, June 6, 2023.

The new maximum illustrated rate for Classic bonus allocations for Bloomberg US Dynamic Balance II ER Index and PIMCO Tactical Balanced ER Index will be increasing to 6.10% and 5.12% for the blended index. All other rates will remain the same.

See all our Allianz Life Pro+® Advantage rates

P64339

UntitledAllianz LifeUntitledAllianz LifeUntitledAllianz LifeUntitledAllianz LifeUntitledAllianz LifeUntitledAllianz LifeUntitledAllianz Life

Training and insights

 
 

Join our NEW POP webinars on Roth conversions, product positioning, and more

We’re expanding the scope of our webinars to bring you even more topics, with a new name: Power of Positioning.

In less than 30 minutes, our Power of Positioning (POP) webinars can give you an overview of timely topics such as Roth IRA conversions.

You can also get product overviews – including a look at how Allianz Accumulation Advantage® Annuity helps accelerate accumulation potential with stronger rates and features.

Or join us to learn about income, indexing insights, and more.

Register today

C64237-MVA

 
 

Are you ready for West Virginia’s new annuity sales rules?

New training is required.

Effective June 8, 2023, the West Virginia Insurance Department will adopt new rules that amend the suitability requirements applicable to all annuity sales in West Virginia.

To avoid an interruption in your ability to sell annuities in West Virginia, take a moment to ensure you’ve satisfied the new requirements.

Learn more

 
 

Are you ready for Wyoming’s new annuity sales rules?

New training is required.

Effective July 5, 2023, the Wyoming Insurance Department will adopt new rules that amend the suitability requirements applicable to all annuity sales in Wyoming.

To avoid an interruption in your ability to sell annuities in Wyoming, take a moment to ensure you’ve satisfied the new requirements.

Learn more

 
 

Are you ready for North Carolina’s new annuity sales rules?

Learn more

 
 

Are you ready for Hawaii’s new annuity sales rules?

Learn more

 
 

Are you ready for South Dakota’s new annuity sales rules?

Learn more

 
 

NEW: Get your consumer-approved SEPP sales idea

Help your clients understand how to take Substantially Equal Periodic Payments (SEPPs) from their fixed or variable Allianz annuity.

Do you have clients who need income before age 59½? Taking SEPPs from their annuity may be one solution.

We’ve created a new consumer-approved sales idea to help you show your clients why they may want to consider this strategy for their Allianz fixed and variable annuities starting in 2023 and beyond.

Download your copy today

UntitledAllianz LifeUntitledAllianz LifeUntitledAllianz Life

Sales tools and ideas

 
 

Annuity Awareness Month: Solutions for accumulation

Use our client-approved tools to reach more prospects

As interest rates rise, you may have clients and prospects who are seeking more accumulation potential, while still looking to avoid market uncertainty. Why not take advantage of Annuity Awareness Month and talk to them about a Fixed Index Annuity (FIA)?

Get our new case study (AAA-058) to see how Allianz Accumulation Advantage® Annuity can offer competitive rates in the short term – while offering your clients more flexibility, more control, and more accumulation potential over the long term.

Then explore our Retirement Awareness Toolkit to continue the conversation with client-approved emails, social media posts, and more.

Explore our Retirement Awareness Toolkit

C64237-MVA

 
 

New requirement to help policies get issued faster

Effective May 30, 2023, sales illustrations must be included at the time of application.

Providing the illustration used in the sales discussion will allow us to financially underwrite your client up front, expediting the underwriting process and reducing potential delays later in the process.

The illustration does not need to be signed by the client upon initial submission; however, we will still require a signed illustration prior to policy issuance.

Call the Life Case Design Team at 800.950.7372 (option 1, then option 2) if you have any additional questions or need assistance with an illustration.

 
 

Do you have complex questions regarding your business?

Look no further than the Advanced Markets Q&A book.

The Advanced Markets Q&A book answers a variety of common questions that the Advanced Markets team receives on a daily basis. This popular resource covers topics like qualified plans and IRAs, nonqualified annuity taxation, life insurance, estate planning, and more. Be sure to keep our latest version handy to help keep your business running smoothly.

Download it now

Your support team

FASTeam

Phone: 800-950-7372

 
 
Untitled Document

Bonused products may include higher surrender charges, longer surrender periods, lower caps, or other restrictions that are not included in similar products that don’t offer a bonus. The index allocations that offer the interest bonus will generally have lower caps and participation rates. Not all bonuses guarantee that a policy will be credited with an interest bonus every year as some are based on the growth of an index.

The PIMCO Tactical Balanced ER Index is comprised of the U.S. Equity Futures Custom Index, a bond component comprised of the PIMCO Synthetic Bond ER Index and a duration overlay, and shifts weighting between them daily based on historical realized volatility of the components. The U.S. Equity Futures Custom Index provides exposure to large cap U.S. stocks in excess of a benchmark rate. The PIMCO Synthetic Bond ER Index is comprised of a small number of derivative instruments designed to provide exposure to U.S. Investment-grade and Treasury bond markets in excess of a benchmark rate.

The “PIMCO Tactical Balanced ER Index” (the “Index”) is a rules-based index that tactically allocates across U.S. equity and fixed income markets using quantitative signals. The Index is a trademark of Pacific Investment Management Company LLC (“PIMCO”) and has been licensed for use for certain purposes by Allianz Life Insurance Company of North America (the “Company” or “Allianz”) with respect to this Allianz product (the “Product”). The Index is the exclusive property of PIMCO and is made and compiled without regard to the needs, including, but not limited to, the suitability or appropriateness needs, as applicable, of the Company, the Product, or any Product owners. The Product is not sold, sponsored, endorsed or promoted by PIMCO or any other party involved in, or related to, making or compiling the Index.

Neither PIMCO nor any other party involved in, or related to, making or compiling the Index has any obligation to continue to provide the Index to the Company with respect to the Product. In the event that the Index is no longer available to the Product or Product owners, the Company may seek to replace the Index with another suitable index, although there can be no assurance that one will be available.

PIMCO disclaims all warranties, express or implied, including all warranties of merchantability or fitness for a particular purpose or use. PIMCO shall have no responsibility or liability with respect to the Product.

The Index is comprised of a number of constituents, some of which are owned by entities other than PIMCO. All disclaimers referenced in the Agreement relative to PIMCO also apply separately to those entities that are owners of the constituents of the Index. 
The Bloomberg US Dynamic Balance II ER Index is comprised of the Bloomberg US Aggregate Custom RBI Unfunded Index and the Bloomberg US Equity Custom Futures ER Index and shifts weighting daily between them based on realized market volatility. The Bloomberg US Aggregate Custom RBI Unfunded Index is comprised of a portfolio of derivative instruments that are designed to provide exposure to U.S. Investment-grade and Treasury bond markets in excess of a benchmark rate. The Bloomberg US Equity Custom Futures ER Index is designed to provide exposure to large cap U.S stocks in excess of a benchmark rate.
“Bloomberg®” and Bloomberg US Dynamic Balance II ER Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index (collectively, “Bloomberg”) and have been licensed for use for certain purposes by Allianz Life Insurance Company of North America ("Allianz"). Bloomberg is not affiliated with Allianz Life Insurance Company of North America ("Allianz"), and Bloomberg does not approve, endorse, review, or recommend the Allianz product. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Allianz product.

Untitled Document

Allianz Life Insurance Company of North America (Allianz), Allianz Life Insurance Company of New York (Allianz Life of NY), their affiliated companies, and their representatives and employees do not provide legal or tax advice. We encourage clients to consult their tax and/or legal advisor with any related questions.

Untitled Document

This notice does not apply in the state of New York.

This newsletter may periodically provide you with links to outside articles and websites. Please note that the information and opinions included are provided by third parties and have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by the issuing company. It is being provided for informational purposes only and is not a solicitation for the purchase of any product, nor should it be construed as advice designed to meet the particular needs of your clients. Always ensure you follow the current policies on the use of any advertising, third-party materials and/or social media as required by your broker/dealer and/or the carriers that you represent.

This content is for general informational purposes only. It is not intended to provide fiduciary, tax, or legal advice and cannot be used to avoid tax penalties; nor is it intended to market, promote, or recommend any tax plan or arrangement. Allianz Life Insurance Company of North America, Allianz Life Insurance Company of New York, their affiliates, and their employees and representatives do not give legal or tax advice or advice related to Medicare or Social Security benefits. You are encouraged to consult with your own legal, tax, and financial professionals for specific advice or product recommendations, or to go to your local Social Security Administration office regarding your particular situation.

Please note that in order to provide a recommendation to a client about the liquidation of a securities product, including those within an IRA, 401(k), or other retirement plan, to purchase a fixed or variable annuity or for other similar purposes, you must hold the proper securities registration and be currently affiliated with a broker/dealer or registered investment advisor. If you are unsure whether or not the information you are providing to a client represents general guidance or a specific recommendation to liquidate a security, please contact the individual state securities department in the states in which you conduct business.

For more complete information about the issuing companies variable annuities and variable options, call Allianz Life Financial Services, LLC at 800.542.5427 for a prospectus. The prospectuses contain details on investment objectives, risks, fees, and expenses, as well as other information about the variable annuity and variable options, which your clients should carefully consider. Encourage your clients to read the prospectuses thoroughly before sending money.

Guarantees are backed by the financial strength and claims-paying ability of the issuing company. Variable annuity guarantees do not apply to the performance of the variable subaccounts, which will fluctuate with market conditions.

Retirement consultants market and distribute products manufactured by Allianz Life Insurance Company of North America and Allianz Life Insurance Company of New York. Retirement consultants provide education and information related to products they market and do not provide financial or investment advice.

Products are issued by Allianz Life Insurance Company of North America, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. www.allianzlife.com. In New York, products are issued by Allianz Life Insurance Company of New York, 1633 Broadway, 42nd Floor, New York, NY 10019-7585. www.allianzlife.com/new-york. Variable products are distributed by their affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. Only Allianz Life Insurance Company of New York is authorized to offer annuities and life insurance in the state of New York.

• Not FDIC insured • May lose value • No bank or credit union guarantee • Not a deposit • Not insured by any federal government agency or NCUA/NCUSIF

CONFIDENTIALITY NOTICE: The information in this email may be confidential and may be legally privileged. It is intended only for the use of the individual(s) named above. If you are the intended recipient, be aware that your use of any confidential or personal information may be restricted by state and federal privacy laws. If you, the reader of this message, are not the intended recipient, you are hereby notified that you should not further disseminate, distribute, or forward this email. If you have received this email in error, please notify the sender and delete the message. Thank you.

For financial professional use only – not for use with the public.
Variable annuity material and information is intended for registered representatives only and is not approved for insurance agents.

Product and feature availability may vary by state and broker/dealer.

Allianz Life Insurance Company of North America
Allianz Life Insurance Company of New York

You may unsubscribe from Allianz emails.

EGEN-1348 (R-5/2022)