Agent Product Guide. Life Portfolio. Allianz Life Insurance Company of North America. M-3584 For agent use only not for use with the public.

Transcription

1 Agent Product Guide Life Portfolio Allianz Life Insurance Company of North America M-3584 For agent use only not for use with the public.

2 GenDex II TM Product positioning Combines flexible protection with accumulation in a fixed index universal life insurance policy Actual issue ages Issue amounts (Death benefits greater than our internal retention, autobind, or jumbo limits will need reinsurance consideration.) Minimum premium Premium bands Special features Risk classes Guaranteed interest Surrender charge Policy loan interest (Loans reduce the policy s death benefit and may cause the policy to lapse. In the event of policy lapse, outstanding policy loans in excess of the policy s unrecovered cost basis will taxable as ordinary income.) Survivor benefit Benefits/options included at no additional cost Optional riders (Riders incur an additional cost.) Top GA commissions 0-80 $100,000 minimum on primary insured $25/month, $300/year $100,000 - $199,999 $200,000 - $499,999 $500,000 - $999,999 $1,000,000+ Choose-a-Guarantee death benefit coverage 10 years The later of 20 years or age 65 (subject to limitations) Age 120 (Guaranteed no-lapse death benefit protection, if minimum premiums are paid as scheduled, and no partial surrenders or loans have been taken) Annual point-to-point Monthly average Option to allocate to up to four indexes (see back page) and/or a fixed interest allocation Client may select options in increments of 1% and can change selections on every policy anniversary. Premium bonus Based on the average minimum premium, if minimum premiums are paid, the client will receive a 10% bonus on the premium each year, starting on the 10th policy anniversary. Interest bonus Based on the amount of accumulation value, a bonus of up to.50% will be credited each year starting on the 10th policy anniversary. Participating loan from an indexed allocation: 6.54 interest in advance, potentially offset by index gains Standard loan from fixed interest account during first 10 policy years: 3.846% interest in advance, net cost Preferred loan from fixed interest account during policy years 11+: 1.961% interest in advance, net cost 0%; at age 100 (age 99 in Florida) all policy loans become preferred loans. Long Term Care Accelerated Benefit Child Term (convertible) Waiver of Monthly Deduction Additional Term Waiver of Premium Other Insured Term Loan Protection Option A 100% of the first-year target premium (up to $90 per $1,000 of face amount) first-year excess premium renewals years 2-10 Option B 90% of the first-year target premium (up to $90 per $1,000 face amount) 4% first-year excess premium 4% renewals years 2-10 For agent use only not for use

3 GenDex-RP GenDex-SP TM Combines term products return of premium, with the flexibility of universal life Combines single premium payment with flexible protection in a fixed index universal life insurance policy $100,000 minimum $250,001 minimum $25/month, $300/year $100,000 - $149,999 $150,000 - $249,999 $250,000+ $5,000/single $250,001 - $499,999 $500,000 - $999,999 $1,000, year death benefit guarantee (age 99 in FL) Annual point-to-point Option to allocate to one or two indexes (see back page) and/or a fixed interest allocation Client may select options in increments of 5% and can change selections on policy anniversary. Interest bonus Based on the amount of accumulation value, a bonus of up to.50% will be credited each year starting on the 10th policy anniversary. Return of premium on the policy s 20th anniversary Choose-a-Guarantee death benefit coverage 10 years The later of 20 years or age 65 (subject to limitations) Age 120 (Guaranteed no-lapse death benefit protection, if minimum premiums are paid as scheduled, and no partial surrenders or loans have been taken) Option to allocate to one or two indexes (see back page) and/or a fixed interest allocation Client may select options in increments of 25% and can change selections on policy anniversary. Interest bonus - Starting the 11th policy year, an interest rate bonus of.50% is available annually on the policy s unloaned accumulation value through age 100. One-twelfth of this bonus will be credited monthly. Tobacco (Preferred Plus, Preferred) 19 years decreasing Participating loan from an indexed allocation: 7% interest in advance, potentially offset by index gains Standard loan from fixed interest account during first 10 policy years: 4% interest in advance, net cost Preferred loan from fixed interest account during policy years 11+: interest in advance, net cost 0%; at age 100 (age 99 in Florida) all policy loans become preferred loans. Death benefit increases 10% if beneficiary chooses to take policy proceeds Participating loan from an indexed allocation: 6.54 interest in advance, potentially offset by index gains Standard loan from fixed interest account during first 10 policy years: 3.846% interest in advance, net cost Preferred loan from fixed interest account during policy years 11+: 1.961% interest in advance, net cost 0%; at age 100 (age 99 in Florida) all policy loans become preferred loans. Long Term Care Accelerated Benefit 90% of the first-year target premium 3% first-year excess premium No renewals 1 of all premium received in first year No renewals e with the public. Product availability and features may vary by state. For your specific state variations, visit or call the Life Case

4 GenDex Survivorship Flexible-premium, fixed index survivorship policy with First-to-Die option $250,000 minimum Generation Planner II Offers universal life protection with no-lapse death benefit to age 120 guaranteed, if minimum premiums are paid as scheduled, and no partial surrenders or loans have been taken 0-80 $100,000 minimum $250,000 - $499,999 $500,000 - $999,999 $1,000,000+ Choose-a-Guarantee death benefit coverage 10 years The later of 20 years or age 65 (Age applies to the younger insured. If the younger insured s issue age is 75-80, the death benefit is guaranteed for 15 years, subject to limitations.) Age 120 (Death benefit is guaranteed if required premiums are paid as scheduled and no partial surrenders or loans have been taken. Age applies to the younger insured.) No premium after younger insured s age 100 Nontobacco (Select Plus, Select, Nontobacco) Tobacco (Preferred Plus, Preferred) 19 years decreasing Participating loan from an indexed allocation: 7% interest in advance, potentially offset by index gains Standard loan from fixed interest account during first 10 policy years: 4% interest in advance, net cost Preferred loan from fixed interest account during policy years 11+: interest in advance, net cost 0%; at age 100 (age 99 in Florida) all policy loans become preferred loans. Policy split option Estate Protection Rider First-to-Die Rider Option to allocate to one or two indexes (see back page) and/or a fixed interest allocation Client may select options in increments of 25% and can change selections on an annual basis. Interest bonus Based on the amount of accumulation value, a bonus of up to.50% on the unloaned accumulation value will be credited every year starting on the 10th policy anniversary Bonuses end at the younger insured s age 100. Waiver of Monthly Deduction Rider 90% of the first-year target premium (up to $70 of $1,000 face amount) 3% first-year excess premium renewals years 2-10 $25/month, $300/year $100,000 - $199,999 $200,000 - $499,999 $500,000 - $999,999 $1,000,000+ Death benefit Guarantees coverage to age 120, regardless of cash value of contract if specified premiums are paid as scheduled, no partial surrenders or loans have been taken, and there has not been an increase in any rider charge, if applicable Interest bonus Bonus rate of.25% guaranteed on unloaned accumulation value after year 10 Standard loan during first 10 policy years: 3.846% interest in advance, net cost Preferred loan during policy years 11+: 1.961% interest in advance, net cost 0% Long Term Care Accelerated Benefit Child Term (convertible) Waiver of Premium 85% of the first-year target premium (up to $90 of $1,000 face amount) first-year excess premium renewals years 2-10 e Design Team, (press 1 for Sales Support, then 2 for Life).

5 10 Year/20 Year/30 Year Term Equity Index LifeFund III TM Allianz Legacy Planner SM Delivers convertible term protection Year / 20 Year Term Year Term ( Year Term with ROP tobacco rates) $250,000 minimum $250,000 - $499,999 $500,000 - $999,999 $1,000,000+ Combines universal life insurance protection, living benefits, and retirement income that can triple at age 65 with potential market-indexed growth 15-55, actual age $50,000 minimum for Nontobacco, Preferred, and Juvenile risk classes, $100,000 minimum for other risk classes, $1,000,000 maximum $50/month, $600/year $50,000 - $99,999 $100,000 - $499,999 $500,000 - $999,999 $1,000,000 Combines a single premium option, limited underwriting, and simple protection in a universal life insurance policy Nontobacco Tobacco $25,000 minimum $250,000 maximum See rate sheet (M5073) (No premium greater than $100,000) Return of Premium (ROP) Available on 20 and 30 Year Term If insured is still living at the end of the guaranteed period and the policy is in force, the cumulative premiums paid into the policy during the 20- or 30- year term will be returned. Policyholder has 4 options when exercising the ROP: Option 1: Receive a refund of premium Option 2: Reduced paidup life insurance Option 3: Extended term life insurance Option 4: If the ROP is elected and put into another Allianz annuity or LTC product the ROP amount is enhanced 10%. Conversion options Convertible to an approved life insurance policy from Allianz (subject to product availability), and as follows: 10 Year Term Policy may be converted during the first five policy years 20 Year and 30 Year Term Policy may be converted during the first 10 policy years or age 71, whichever is earlier Payout in an income stream Death benefit will be increased 10% if the beneficiary chooses to take the policy s proceeds over a period of 10 years or longer Nontobacco (Elite Select, SuperSelect, Select Plus, Select, Nontobacco) Tobacco (Preferred Plus, Preferred) Death benefit increases 10% if beneficiary chooses to take policy proceeds Return of Premium available on 20 Year and 30 Year Term (30 Year Term only available to age 48 for tobacco risk classes) Waiver of Premium Index type with annual reset Option to allocate to two indexes (see back page) and/or a fixed interest allocation Client may select options in increments of 25% and can change selections on policy anniversary. Enhanced retirement income payout values Must take lifetime income payment At age 66 or 15 years, whichever is later, the PSV equals up to 300% of net cash value. At age 56 or 10 years, whichever is later, the 15 years decreasing Participating loan from an indexed allocation: 7% interest in advance, potentially offset by index gains Standard loan from fixed interest account during first 10 policy years: 4% interest in advance, net cost Preferred loan from fixed interest account during policy years 11+: interest in advance, net cost 0%; at age 100 (age 99 in Florida) all policy loans become preferred loans. Death benefit increases 10% if beneficiary chooses to take policy proceeds LifeFund Living benefits PSV equals up to 150% of net cash value. LifeFund living benefits Up to 50% for qualifying critical illnesses, such as certain types of cancer, stroke, or heart attack Up to 10% annually in the form of monthly payments for qualifying chronic illness 25% spouse death benefit, up to $50,000 10% child death benefit, up to $10,000 per child Waiver of Planned Premium 1% monthly disability income Only chronic illness benefits accelerate the death benefit. Simplified issue Return of premium during the Single premium first 10 policy years, subject to the following schedule: Nontobacco Tobacco Policy Return of premium year percentage 1 80% 2 85% 3 90% 4 95% % 11+ 0% Standard loan during first 10 policy years: 3.846% interest in advance, net cost Preferred loan during policy years 11+: 1.961% interest in advance, net cost 0%. Death benefit increases 10% if beneficiary chooses to take policy proceeds 90% of first-year premium 10 Year Term 100% of first-year premium 20 Year and 30 Year Term policies 80% of the first-year target premium 4% first-year excess premium Asset-based trail commissions Percentage of all premiums received in the first year: 1 Ages % Ages % Ages No renewals

6 Indexing options for GenDex-RP, GenDex-SP, GenDex Survivorship, and Equity Index Life Fund III: S&P 500 Nasdaq-100 In addition to the indexes shown above, GenDex II indexing options include: Euro STOXX 50 A blended index option comprised of the following indexes (with their percentage of the overall blended index option): - Dow Jones (35%) - Lehman Aggregate Bond (35%) - Euro STOXX 50 (20%) - Russell 2000 (10%) Standard & Poor s, S&P, S&P 500, Standard & Poor s 500, and 500 are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Allianz Life Insurance Company of North America. The product is not sponsored, endorsed, sold or promoted by Standard & Poor s and Standard & Poor s makes no representation regarding the advisability of purchasing the product. The Nasdaq-100, Nasdaq-100 Index and Nasdaq are trade or service marks of the Nasdaq Stock Market, Inc. (which with its affiliates are the Corporations) and are licensed for use by Allianz Life Insurance Company of North America. The product(s) have not been passed on by the Corporations as to their legality or suitability. The product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S). The Dow Jones Euro STOXX 50 is the intellectual property (including registered trademarks) of Stoxx Limited, Zurich, Switzerland and/or Dow Jones & Company, Inc., a Delaware corporation, New York, USA, (the "Licensors"), which is used under license. The financial instruments based on the Index are in no way sponsored, endorsed, sold or promoted by the Licensors and neither of the Licensors shall have any liability with respect thereto. The Dow Jones Industrial Average is a popular indicator of the stock market based on the average closing prices of 30 active U.S. stocks representative of the overall economy. Lehman Brothers Aggregate Bond Index is a market value-weighted index of investment-grade fixed-rate debt issues, including government, corporate, asset-backed and mortgage securities, with maturities of one year or more. Russell 2000 Index is an equity index representing 2,000 of the smallest companies within the larger Russell 3000 Index. Often looked at as one benchmark for small stock investors. Russell 2000 is a registered service mark of Frank Russell Company. Guarantees backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America. Allianz Life Insurance Company of North America PO Box Minneapolis, MN For agent use only not for use with the public. Product availability and features may vary by state. 10, 20, and 30 Year Term P50570, P Allianz Legacy Planner SM P Equity Index LifeFund III TM P50749 A with PE2038, PR95052, PR95053, PR95054, and PR95055 GenDex II TM P50712 GenDex-RP P50712 with PR50796 GenDex-SP TM P50712 GenDex Survivorship P50742 Generation Planner II P50537 with PR95102 (R-7/2008)