Introducing Allianz's New Index Advantage+ Select Income RILA

Allianz Life Insurance Company of North America has introduced a new registered index-linked annuity (RILA) called Index Advantage+ Select Income™. This innovative annuity is designed to enhance flexibility in lifetime income benefits. According to Corey Walther, president of Allianz Life Financial Services, LLC, this product aims to support varied retirement income strategies. Clients can initiate an income stream as early as age 50, following a one-year index period.

By utilizing the Income Benefit rider II1, this annuity offers the Dynamic Income option. Clients have the ability to adjust their income strategies post-implementation. This flexibility allows for reallocation across different one-year term index options, accommodating a wide range of risk tolerances — whether aggressive, moderate, or conservative — even after income distributions have started.

The launch of this annuity addresses the significant demand for adaptive market participation during retirement. A study from the Allianz Center for the Future of Retirement underscores concerns among Americans about sustaining sufficient retirement income without jeopardizing investment principal. The survey highlighted that 64% of respondents fear being too conservative with their investments, which might result in inadequate funds. Additionally, 75% expressed interest in products that permit risk adjustment post-income initiation to potentially improve returns.

The annuity incorporates features to align with these consumer apprehensions by offering indexed return potentials and varied protection levels through multiple index options. These advantages are complemented by tax-deferred growth potential and a death benefit during the accumulation phase. However, typical of all RILAs, there are inherent investment risks, such as potential principal loss due to market volatility.

For more information on Allianz registered index-linked annuities, individuals are advised to consult with financial professionals or reach out to Allianz Life Financial Services, LLC. Detailed prospectuses are available, providing insights into investment objectives, risks, and associated fees.

Part of the global Allianz SE group, Allianz Life is renowned for its extensive portfolio of retirement products, including fixed index and indexed universal life insurance. The company's dedication to aiding policyholders in effectively navigating financial uncertainties is a core mission. Allianz Life and Allianz Investment Management LLC continue to expand their financial solutions, also offering exchange-traded funds as part of their diverse investment approach.