Allianz Life Insurance Launches Index Advantage+ Select Income Annuity
Allianz Life Insurance Company of North America has introduced the Index Advantage+ Select Income™ Annuity, a new registered index-linked annuity (RILA). This product is crafted to provide individuals with flexibility in managing lifetime income benefits, adapting investment strategies as financial goals and risk tolerances evolve throughout retirement.
Corey Walther, President of Allianz Life Financial Services, LLC, highlighted the annuity's role in offering a dynamic foundation for retirement income. It allows individuals to tailor income strategies to their changing lifestyle goals, whether planning for an earlier retirement or adjusting asset allocations for longevity planning.
The Index Advantage+ Select Income™ Annuity, coupled with the Income Benefit rider, permits policyholders to commence income at any point post 50 years of age, following a one-year waiting period after annuity purchase. The product offers policyholders flexibility in choosing risk options—aggressive, moderate, or conservative—enabling strategy adjustments even post-income initiation.
Responding to Market Demand
This product launch aligns with findings from the Allianz Center for the Future of Retirement's Quarterly Market Perceptions study conducted in the last quarter of 2025. The study indicated that 64% of American adults are wary of conservative investment strategies potentially depleting their savings too soon. Additionally, 75% showed interest in products that allow adjustments in risk levels after retirement income starts to possibly boost income.
The Income Benefit rider comes with an annual fee of 0.70%, deducted quarterly based on the contract’s charge base. As a typical RILA, it offers tax-deferred growth, indexed return potential, various annuity options, and a death benefit during accumulation, although it carries investment risks that could impact principal value due to market conditions.
Prospective buyers are advised to review the annuity’s prospectus for comprehensive insights into investment objectives, risks, expenses, and more. Guarantees are reliant on Allianz Life’s financial strength and claims-paying ability, excluding performance of variable subaccounts subject to market fluctuations.
Allianz Life issues these products, distributed via Allianz Life Financial Services, LLC, under FINRA regulation. Product features may vary depending on state regulations and broker/dealer agreements. Allianz, acknowledged by Ethisphere Institute among the World's Most Ethical Companies, supports millions in effective retirement management, reflected in the $18.6 billion distributed to policyholders in 2024. As part of Allianz SE, it remains a leading player in global financial services through its extensive subsidiaries and diverse range of products.