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Allianz Life Introduces New MasterDex Plus Annuity Series; Offers Guarantees, Potential Interest and Control | Business Wire

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MINNEAPOLIS–()–Allianz Life Insurance Company of North America (Allianz Life) has

announced the launch of the new Allianz MasterDex Plus<sup>SM</sup>

<a rel="wpi" target="_blank" title="" href="">annuity series</a>. The new, fixed-index, deferred annuity series revamps

the existing MasterDex portfolio by adding new options –

including the Income Plus Benefit rider on the Allianz MasterDex 5 Plus<sup>SM</sup>

for an additional cost, giving the opportunity for consumers to receive

lifetime payments that can grow every year with indexed interest.

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<p style="text-align: center">http://www.youtube.com/watch?v=e03Dd6Dvcfw

“We’re extremely

proud of our new and improved MasterDex Plus annuities series,”

said Eric J. Thomes, senior vice president of sales. “We

continue to develop and deliver new products because we know that both

our agents and the consumers demand and expect the best from Allianz.”

The MasterDex series – a predecessor of the

new product line – has been the company’s

best-selling series of annuities. The new MasterDex Plus series offers

improvements by giving consumers more indexing options, more flexibility

and a new income benefit on the MasterDex 5 Plus. The improvements

include:

  • More index options that customers may select from to base their

    potential interest on, which include the FTSE 100 and a blended index.

  • A new, competitively priced “Income Plus

    Benefit” rider that provides the

    opportunity for continued indexed growth while receiving income.

  • Two new crediting methods: Annual point-to-point and monthly average.

  • Enhanced free withdrawal features.

  • A death benefit paying full accumulation value before payouts begin.

MasterDex Plus annuity series and the Income Plus Benefit represent a

new generation of product features for people in or approaching their

retirement years during these times of economic uncertainty, said

Thomes. “The MasterDex Plus annuities offer

tax-deferred asset accumulation, and could be a key element of a

balanced portfolio.”

“Allianz has taken a strong and attractive

product line and made it better,” said Mike

Midlam, CEO of Asset Marketing Systems, a field marketing organization

that supports independent agents across the nation who sell annuities,

life insurance and long-term care insurance.

The product names have been updated to MasterDex Plus, MasterDex 5 Plus,

and MasterDex 10 Plus. The new products are available through numerous

independent agents and some third-party broker/dealer channels. They

have been approved for sale in 35 states.

Guarantees are backed by the financial strength and claims paying

ability of Allianz Life Insurance Company of North America.

Distributions are subject to ordinary income tax and, if taken prior to

age 59 ½, a 10% federal tax penalty. Contract

form numbers: C51233, C51261, C51288-01

About Allianz Life Insurance Company

of North America

Founded in 1896 and based in Minneapolis, Allianz Life Insurance Company

of North America provides fixed and variable annuities, life insurance

policies, and long term care insurance products in the United States.

Known for innovation, and quality customer service, the company has

become a leader in the North American life insurance industry. Allianz

products are offered through a nationwide network of independent

distribution. Allianz Life Insurance Company of North America is one of

the primary companies of Allianz SE, the 15th largest corporation in the

world based on revenue (Fortune, July 2007). Allianz SE employs over

177,000 people worldwide.

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