Bringing you live news and features since 2006 


Allianz Life launches Essential Income 7 Annuity through Wells Fargo


Allianz Life’s Essential Income 7 Annuity is now available on the Wells Fargo enhanced Index Annuity Platform.

Designed for Wells Fargo, the new fixed index annuity (FIA) and its Essential Income Benefit, embedded in the product for an additional cost, provides customers retirement accumulation options and lifetime retirement income with the potential for increases.
“Americans manage unexpected expenses, rising health care costs and inflation during their retirement and Essential Income 7 Annuity can help by providing a level of certainty in their portfolio,” says Allianz Life chief distribution officer Tom Burns. “This FIA provides asset protection, income and increasing income potential, which is a great solution for a secure retirement.”
Essential Income 7 and its Essential Income Benefit allows customers to control taxes by giving them options for distribution. The FIA can also help cover expenses by providing opportunities for increased lifetime income:
• If customers are still saving for retirement, their lifetime withdrawal percentages are guaranteed to increase every year until lifetime withdrawals begin.
• When customers are ready to begin taking lifetime withdrawals, they can choose from predictable lifetime income or income that has the potential to increase each year.
To help accumulate retirement savings, Essential Income 7 can earn indexed interest through the S&P 500 and Barclays US Dynamic Balance Index allocations. Indexed interest is credited by an annual point-to-point with a cap method. Interest can also be accumulated at a fixed rate.

Latest News

EFAMA has published its latest Monthly Statistical Release for May 2024...
Solactive writes that it has expanded its collaboration with Kiwoom Asset Management by providing the underlying indices to the KIWOOM..
MSCI has announced the launch of MSCI Private Capital Indexes, writing that with growing investor interest in private markets, high..
Matteo Greco, Research Analyst at Fineqia International, writes that bitcoin (BTC) ended the week at approximately USD68,150, marking a 12.1..

Related Articles

Scott Kefer, VictoryEx Capital Holdings
Bailey McCann writes that active ETFs are capturing investor interest, according to the latest data from Morningstar, which finds that...
Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by