New FIA Index Designed for Rising Rate Environment
March 15, 2016 by Cyril Tuohy
The introduction of a new balanced index option for investors in the Allianz 360 and Allianz 222 fixed indexed annuity (FIA) product line will offer financial advisors options better suited to a rising interest rate environment.
The new index option, the PIMCO Tactical Balanced Index, is open to new Allianz 222 and 360 FIA contract holders, Allianz Life Insurance of North America announced recently.
Beginning May 3, the index will also be made available to new 365i and Signature 7 FIA contracts, said Matt Gray, vice president of product innovation for Allianz Life, which captured 27 percent of all FIA sales in 2014.
With $13 billion in FIA sales in 2014, Allianz Life is the No. 1 seller by far of FIAs in the U.S., according to Wink’s Sales and Market Report. In the hot-selling FIA segment, competitors are bound to pay close attention to the market leader.
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