MINNEAPOLIS–(BUSINESS WIRE)–Allianz Life Insurance Company of North America (Allianz), today announced the launch of the Allianz Pro V1 AnnuitySM, a fixed index annuity that provides protection, guarantees, and – a first for Allianz Life fixed annuities – a bond index allocation strategy with the power of annual reset.

“Consumers continue to tell us that they want more guarantees for their retirement savings as protection against the possibility of market volatility, but also quicker access to their money”

.“Consumers continue to tell us that they want more guarantees for their retirement savings as protection against the possibility of market volatility, but also quicker access to their money,” said Eric J. Thomes, senior vice president of Sales for Allianz Life. “Allianz Pro V1 protects contract owners’ principal and credited interest, while providing access to the annuity’s full accumulation value after five contract years.”

Some of the features offered by Allianz Pro V1, now for sale in 35 states, include:

•The opportunity to earn interest by allocating to the Barclays Capital U.S. Aggregate Bond Index or a fixed interest allocation.

•Access to full accumulation value after just five years, or let the contract continue to accumulate.

•The simplicity of annual point-to-point crediting with a spread.

•The ability to take up to 10 percent of the premium in free withdrawals each year, starting immediately and the option to begin an annuity income stream after just one contract year.

Annuities are designed to meet long-term needs for retirement income. For more information about Allianz and Pro V1 visit: www.allianzlife.com.