According to a recent Digital Journal article, Allianz Life Insurance Company of North America has just launched two new index variable annuity (IVA) products. The new annuities, Allianz Index Advantage ADVSM Variable Annuity and Allianz Index Advantage NFSM Variable Annuity, are modeled after the company’s flagship Allianz Index Advantage® Variable Annuity. They provide a variety of ways to benefit from the balance of performance potential and level of protection.
Allianz Index Advantage ADV was designed to fit in a fee-based portfolio, while Allianz Index Advantage NF has no annual product fee, provides another choice for those who are fee-sensitive.
“By offering Index Advantage ADV and Index Advantage NF, Allianz Life now has a suite of index variable annuity products that help balance risk and return, giving clients more options for building a solid retirement foundation,” said Allianz Life Chief Distribution Officer Tom Burns. “These IVAs offer an opportunity to grow a client’s retirement nest egg by being able to participate in market gains while still having a level of asset protection.”
In addition to offering a combination of variable options and three index options, both products also offer additional features including a built-in death benefit and tax-deferred growth opportunities. As with any investment tool, variable annuities are not free of risk, including loss of principal. Both returns and principal will fluctuate with market conditions. For more information, visit www.allianzlife.com.
Allianz Life Insurance Company of North America was established in 1896 and is one of FORTUNE’s 100 Best Companies to Work For in 2017. Allianz Life, which is a leading provider of fixed index annuities, is part of Allianz SE, a global leader in financial services with 142,000 employees in more than 70 countries. In 2016, Allianz Life provided a total of $2.6 billion in benefit payments.
Written by Rachel Summit
