Allianz Life Accumulator™ includes a variety of new features designed to provide powerful accumulation potential, along with innovative “index lock” options and flexible loan provisions that offer policyholders many ways to help meet their financial needs – both now and into retirement.

“Life Insurance is core to Allianz Life risk management solutions, addressing accumulation potential and death benefit protection needs for our customers,” said Jason Wellmann, SVP and Head of Life Distribution. “As clients look for reassurance in a volatile market environment, IUL can play an important role in an overall retirement strategy. The new features introduced in Allianz Life Accumulator™ demonstrate the innovation Allianz Life brings to this critical market.”

New Features for a New Era

Allianz Life Accumulator™ offers three index choices never before available on an Allianz Life IUL product:

• S&P 500® Futures Index ER
• Blended Futures Index
• Bloomberg US Dynamic Balance III ER Index

These and other available index options offer clients greater diversification potential to help weather volatile markets.

Allianz Life Accumulator™ also offers our innovative index lock features, giving clients more opportunities to lock in an index value at any point, once per crediting period. And with the Auto Lock option, the policy can activate the Index Lock automatically if the index value reaches an upper target and/or lower target that has been pre-set. The addition of a lower target (in addition to an upper target) is a brand-new feature never before offered in an Allianz Life IUL product and provides clients with an innovative new risk-management option.

Flexible design

Allianz Life Accumulator™ is being offered with refreshed pricing, competitive rates and flexible loan features that can potentially supplement retirement income strategies or other financial goals, while offering guaranteed loan rates. In addition, the policy can be customized with optional riders and the ability to accelerate a portion of the death benefit in the event of a chronic or terminal illness.

In addition, Allianz Life Accumulator™ offers all the features of a traditional IUL product, including:

• A death benefit that is generally income-tax free for beneficiaries
• Tax-deferred accumulation potential
• Access to any available cash value via policy loans and withdrawals

Allianz Life Accumulator is available with a refreshed pricing schedule and competitive rates, making it an attractive option for financial professionals looking to add an IUL solution to their clients’ retirement portfolios.

About Allianz Life

Allianz Life Insurance Company of North America, one of the Ethisphere World’s Most Ethical Companies®, has been trusted since 1896 to help millions of Americans prepare for financial uncertainties and retirement with a variety of innovative risk management solutions. In 2023, Allianz Life provided additional value to its policyholders via distributions of more than $13.73 billion. Allianz Life is a leading provider of fixed index annuities, registered index-linked annuities, and fixed index universal life insurance. Additionally, Allianz Investment Management LLC (AllianzIM), a registered investment advisor and wholly owned subsidiary of Allianz Life, offers a suite of exchange-traded funds (ETFs). Allianz Life and AllianzIM are part of Allianz SE, a global leader in the financial services industry with approximately 157,000 employees in more than 70 countries. Allianz Life is a proud sponsor of Allianz Field® in St. Paul, Minnesota, home of Major League Soccer’s Minnesota United.

Policy loans and withdrawals will reduce the available cash value and death benefit and may cause the policy to lapse, or affect guarantees against lapse. Withdrawals in excess of premiums paid will be subject to ordinary income tax. Additional premium payments may be required to keep the policy in force. In the event of a lapse, outstanding policy loans in excess of unrecovered cost basis will be subject to ordinary income tax. If a policy is a modified endowment contract (MEC), policy loans and withdrawals will be taxable as ordinary income to the extent there are earnings in the policy. If any of these features are exercised prior to age 59½ on a MEC, a 10% federal additional tax may be imposed. Tax laws are subject to change and you should consult a tax professional.

Because the index value locks at the end of the day, the value used to determine your index credit may be higher or lower than at the time of the request. Exercising an Index Lock may result in a credit higher or lower than if the Index Lock had not been exercised. We will not provide advice or notification regarding whether an Index Lock should be exercised or the optimal time for doing so.

Setting targets authorizes Allianz to automatically activate an Index Lock once the target is reached, based on the index interest rate percentage at the end of the business day. Targets need to be renewed after each crediting period unless auto renew is active. Auto renew is only available with the upper target. Activating Index Lock manually will cancel any current targets you have set for the current crediting period.

Guarantees are backed solely by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America.

Products are issued by Allianz Life Insurance Company of North America, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. (P64339)