Allianz Life Insurance Company of North America (Allianz Life) has launched two index variable annuity (IVA) products, Allianz Index Advantage ADVSM Variable Annuity and Allianz Index Advantage NFSM Variable Annuity.
Modelled after the flagship Allianz Index Advantage Variable Annuity, the new offerings provide multiple ways to benefit from the balance of performance potential and level of protection.
The new IVA product line-up now positions Allianz Life to better capitalise on the growing demand for IVAs and brings the concept of upside potential with some protection to a broader market of consumers.
Allianz Index Advantage ADV is exclusively designed to fit within a fee-based portfolio, while Allianz Index Advantage NF, with no annual product fee on the index strategies, establishes another option for fee-sensitive clients.
“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,” says 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.”
Index Advantage ADV and Index Advantage NF offer the combination of variable options and three index options giving a balance between protection and performance potential.