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Allianz Life unveils new index allocation on FIUL insurance policy

Allianz Life Insurance Company of North America (Allianz Life) has rolled out its latest index allocation on the Allianz Life Pro+ Fixed Index Universal Life (FIUL) Insurance Policy.

Allianz Life Pro+ offers death benefit protection for beneficiaries, as well as the opportunity to build cash value through changes in a market index.

The addition of the Barclays US Dynamic Balance Index that is presently available solely to Allianz Life until 2015, delivers new opportunities for Allianz Life Pro+ policies.

Furthermore, the index gives customers dynamic balance for their cash value accumulation as it changes based on market volatility.

Allianz Life life insurance sales senior vice president Jason Wellmann said, "Now, Allianz Life Pro+ not only offers death benefit protection for our clients and their families, but it also provides additional options for cash value accumulation potential with the Barclays US Dynamic Balance Index.

"Allianz Life will continue to create innovative products that provide tax deferral, help address inflation and help build an overall retirement strategy."

Offering income-tax-free to beneficiaries, the death benefit can address immediate needs that may include income replacement, a college funding strategy, paying down a mortgage or other debts, estate tax coverage, final expenses, and business succession.