MasterDex X

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Allianz
Allianz
Life
Life
Insurance
Insurance
Company
Company
ofof
North
North
America
America
Allianz
Allianz
®
®
MasterDex
MasterDexXX
Annuity
Annuity
Course
Course
Code:
Code:
Fixed
Fixed
_MasterDex
_MasterDex
X Product
X Product
Training
Training
R_2011.05
R_2011.05
Revision
Revision
Date:
Date:
10/25/2012
11/5/2013
For financial professional use only – not for use with the public.
BB – MD X
Overview
1. Product features, positioning and
suitability
2. Crediting methods and indexes
3. Simple Income III Rider
4. Receiving maximum contract value
5. Additional product features
2
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
Allianz MasterDex X®
Annuity
Focus on the “X” factor
Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America.
1
Product
features,
positioning
AND
suitability
PRODUCT FEATURES, POSITIONING AND SUITABILITY
Consider these questions before you
recommend a product:
What is the client’s current financial situation?
What is their main financial objective or concern?
How could an Allianz annuity fit the client’s current (and future) needs?
What are the strengths and weaknesses of the product relative to the client’s
current and future needs?
If the client is considering replacing an existing annuity product with an Allianz
product, how will the client benefit from the purchase of the new product over
the existing product and what might they be giving up?
5
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
Product features
PRODUCT FEATURES, POSITIONING AND SUITABILITY
Issue age and premium
Issue ages: 0-80
Initial minimum premium: $20,000
Additional premium: Accepted through the first three contract years
Withdrawals
Free withdrawals: 10% of premium paid per year, up to cash surrender value,
beginning contract anniversary following the most recent premium payment.
Lump sum of accumulation value: Available after the 10-year surrender charge
period which includes the full premium bonus.
Guaranteed minimum value
For the current guaranteed minimum value please refer to the statement of
understanding of the signature state, where the Allianz MasterDex X® Annuity is
purchased.
Distributions may be subject to a surrender charge. Distributions are subject to ordinary income tax and, if taken prior to age 59 ½, a 10% additional federal tax.
6
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
PRODUCT FEATURES, POSITIONING AND SUITABILITY
Premium bonus on all premium received
in the first 3 years
Start of year
1
2
3
4
5
6
7
8
9
10
11
Vested bonus
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Bonus annuities may include higher surrender charges, longer surrender charge periods, lower interest rates, lower caps, higher spreads, or other restrictions
that are not included in similar annuities that don't offer a bonus. None of the bonus is vested during the first contract year. The bonus becomes vested at
10% per year on each of the first 10 contract anniversaries. If you surrender your contract before the 11th contract year, you will lose the unvested bonus.
During the first 10 contract years, we will apply a surrender charge and unvested bonus reduction if you partially or fully surrender your contract. The same
would apply if you begin annuitization prior to the sixth contract year (or for fewer than 10 years). These charges may result in a loss of bonus, indexed
interest and fixed interest, and a partial loss of principal (your premium). Product and feature availability may vary by state.
7
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
PRODUCT FEATURES, POSITIONING AND SUITABILITY
10-year decreasing surrender
charge period
Start of year
1
2
3
4
5
6
7
8
9
10
11
Surrender charge
percentage
10%
10%
10%
8.75%
7.5%
6.25%
5.0%
3.75%
2.5%
1.25%
0.0%
YEAR 11 OPTIONS:
Continue to defer the contract
Take the full accumulation value as a lump sum


The surrender charge percentage starts at 10% and decreases by 1.25% on each anniversary starting in the 4 th contract year. On the first day of contract
year 11, it will decrease to zero. Distributions may be subject to ordinary income tax and If taken prior to age 59 ½ , a 10% additional federal tax.
8
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
PRODUCT PRODUCT
FEATURES,POSITIONING
POSITIONINGAND
ANDSUITABILITY
SUITABILITY
What type of client may be interested?
Someone who

Has a timeline of at least 10 years
prior to retirement

Is looking for principal protection

Wants potential for tax-deferred
accumulation

Key features at a glance
Lump sum
Flexible
income
Annuitized
income
5 years
or less
6-9 years
Is interested in various income
options with potential for increases

Wants a guaranteed death benefit

Could benefit from a premium bonus
10 years
or more
= Feature availability
= Product fit
Bonus annuities may include higher surrender charges, longer surrender charge periods, lower interest rates, lower caps, higher spreads, or other restrictions
that are not included in similar annuities that don't offer a bonus. None of the bonus is vested during the first contract year. The bonus becomes vested at 10%
per year on each of the first 10 contract anniversaries. If you surrender your contract before the 11th contract year, you will lose the unvested bonus. During
the first 10 contract years, we will apply a surrender charge and unvested bonus reduction if you partially or fully surrender your contract. The same would
apply if you begin annuitization prior to the sixth contract year (or for fewer than 10 years). These charges may result in a loss of bonus, indexed interest and
fixed interest, and a partial loss of principal (your premium). Product and feature availability may vary by state.
9
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
PRODUCT FEATURES, POSITIONING AND SUITABILITY
When does the client anticipate accessing the money in
the annuity?
Key features at a glance
The accumulation sale

Lump sum later (10 years or more)
Lump sum
Flexible
income
Annuitized
income
5 years
or less
Financial objectives:


Looking to accumulate wealth with
at least a 10-year time horizon
Guarantees and opportunity for
indexed interest to help increase
the accumulation value before
accessing the full value lump sum
6-9 years
10 years
or more
= Feature availability
= Product fit
Distributions may be subject to a surrender charge. Distributions are subject to ordinary income tax and, if taken prior to age 59 ½, a 10% additional federal
tax. Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America..
10
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
Reasons for product
recommendation:
Accumulation potential




Guarantee of protection from market losses
Premium bonus to help jump-start the
accumulation value
Increasing value with interest credited from
their allocation choices
The power of the annual reset feature
Flexibility


Free withdrawals each contract year
Full accumulation value including the
premium bonus as a lump sum after 10
years of deferral
Bonus annuities may include higher surrender charges, longer surrender charge periods, lower
interest rates, lower caps, higher spreads, or other restrictions that are not included in similar
annuities that don't offer a bonus. None of the bonus is vested during the first contract year.
The bonus becomes vested at 10% per year on each of the first 10 contract anniversaries. If you
surrender your contract before the 11th contract year, you will lose the unvested bonus. During
the first 10 contract years, we will apply a surrender charge and unvested bonus reduction if you
partially or fully surrender your contract. The same would apply if you begin annuitization prior
to the sixth contract year (or for fewer than 10 years). These charges may result in a loss of
bonus, indexed interest and fixed interest, and a partial loss of principal (your premium).
Product and feature availability may vary by state.
11
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
PRODUCT FEATURES, POSITIONING AND SUITABILITY
2
Crediting
methods &
indexes
CREDITING METHODS & INDEXES
Crediting methods and indexes
Annual
Point-to-Point
Monthly
Sum
S & P 500®
X
X
NASDAQ -100®
X
X
EURO STOXX 50®
X
X
Blended index*
X
Monthly
Average
with a Spread
Select Index
Option
(Annual-to-Point)1
Select Index
Option
(Monthly Sum)1
X
X
X
*Blended Index

Dow Jones Industrial Average (35%)

Barclays Capital U.S. Aggregate Bond Index (35%)

EURO STOXX 50® Index (20%), and

Russell 2000® Index (10%)
No single crediting method consistently delivers the highest interest rate under all market conditions.
1The Select Index Allocation Option has a 1% annual charge. Allocating to the Select Index Option does not guarantee a higher indexed interest rate.
13
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
CREDITING METHODS & INDEXES
Index performance is used to
calculate the indexed interest rate
credited to the client’s FIA.
The performance of an index depends on the performance
of the financial instruments it tracks
While it is impossible to predict future performance, clear
definitions of indexes help clients make informed choices
Always emphasize to clients that when they purchase a fixed
index annuity, they are not investing in the index
14
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
CREDITING METHODS & INDEXES
®
Allianz MasterDex X Annuity Indexes
S & P 500®
A group of 500
stocks
representing
major U.S.
industrial sectors.
Nasdaq-100®
A group of 100
stocks representing
100 of the largest
domestic and
international nonfinancial companies
listed on the
NASDAQ Stock
Market based on
capitalization.
EURO STOXX 50®
A group of 50 stocks
representing large,
blue-chip European
companies operating
within Eurozone
nations. (“Blue-chip”
stocks are issued by
well established
companies with
historically stable
earnings.)
Although an external index may affect the interest credited, the contract does not directly participate in any equity or fixed income investments. Clients are
not buying shares in an index. The index value does not include the dividends paid on the equity investments underlying any equity index. These dividends are
not reflected in the interest credited to the contract.
15
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
CREDITING METHODS & INDEXES
®
Allianz MasterDex X Annuity Indexes
Blended Index is comprised of:

Dow Jones Industrial Average
A popular indicator of the stock market based on the average closing prices of 30
active U.S. stocks representative of the overall economy.

Barclays Capital U.S. Aggregate Bond Index
Is comprised of the Government/Credit Index, the Mortgage-Backed Securities
Index, and Asset-Back Securities Index.

Russell 2000® Index
Is an equity index that measures the performance of the 2,000 smallest companies
in the Russell 3000® Index, which is made up of 3,000 of the biggest U.S. stocks.

EURO STOXX 50® Index
Although an external index may affect the interest credited, the contract does not directly participate in any equity or fixed income investments. Clients are
not buying shares in an index. The index value does not include the dividends paid on the equity investments underlying any equity index. These dividends and
interest are not reflected in the interest credited to the contract.
16
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
CREDITING METHODS & INDEXES
Annual Point-to-Point
Example
Annual Point-to-Point with an Annual
Cap
1045
1035
Ending index
value
1030
1015
1000
In this example
the client had a 3.4% annual
1000
985index change,
Starting but
index because there is an annual
value
cap
of
2.5%,
they would get a 2.5% credit to
970
index
their contract value. Hypothetical
performance
955
Annual point to point
This hypothetical example is intended to show the potential effects of index fluctuations on your contract
values in a fixed index annuity. Not intended to predict or project future interest crediting.
This hypothetical example is intended to show how the various crediting methods could affect your contract values
18
For financial professional use only – not for public distribution.
Product
and feature
availability
may varyNot
by state
and broker/dealer.
on fixed
index
annuities.
intended
to predict
or project future interest crediting .
CREDITING METHODS & INDEXES
% change in index values
Monthly Sum
Monthly Sum Example
Hypothetical Monthly
index values
In this example we
would add all of the
Capped Monthly
Change values
together and your
client would get 3.0%
index interest credit
for the year using the
Monthly Sum crediting
method.
This hypothetical example is intended
to show the potential effects of index
fluctuations on your contract values in
a fixed index annuity. Not intended to
predict or project future interest
crediting.
This hypothetical example is intended to show how the various crediting methods could affect your contract values
18
Foron
financial
use only – not Not
for public
distribution.
fixedprofessional
index annuities.
intended
to predict
Product and feature availability may vary by state and broker/dealer.
or project future interest crediting .
CREDITING METHODS & INDEXES
Monthly Average Example
19
End of Month
Index value
December
January
February
March
April
May
June
July
August
September
October
November
December
Average Index Value
Initial Index Value
Percentage of change
Spread
Annuity Value increases by
1000
1010
1080
995
1025
1030
1045
1065
980
975
1040
960
1075
1023.3
1000
2.3%
4.50%
0.0%
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
In this example, we find the
percent change in the average
index value and the initial
index value and see that it is
2.3%. Our spread is then
subtracted from that giving us
a negative number. Because
a client has the guarantee to
not have a negative index
return in a FIA, the annuity
value would increase by 0.0%.
This hypothetical example is intended to
show the potential effects of index
fluctuations on your contract values in a
fixed index annuity. Not intended to predict
or project future interest crediting.
3
Simple
income III
rider
SIMPLE INCOME III RIDER
How does your client anticipate accessing
the annuity?
The income sale
Key features at a glance
Income soon (6-9 years)

Lump sum
Profile
Flexible
income
Annuitized
income
Clients age 50 or older

5 years
or less
Financial objectives
Seeking to begin lifetime income
withdrawals within the first 10-years,
preferably during years 6-9

In need of guarantees to help increase
the income value before they begin
taking income

Looking for income choices if income
needs change

6-9 years
10 years
or more
= Feature availability
= Product fit
Distributions are subject to ordinary income tax and, if taken prior to age 59 ½, a 10% additional federal tax. Guarantees are backed by the financial strength and
claims-paying ability of Allianz Life Insurance Company of North America..
21
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
SIMPLE INCOME III RIDER
Exclusive to the
Allianz MasterDex X

Flexibility with lifetime income

Three payment options to suit your
clients needs

Simple bonus to your simple
withdrawal value

Optional for an annual charge of the
simple withdrawal value

Payments guaranteed for the rest of
the clients life – no matter how long
they live.
Any distributions are subject to ordinary income tax and, if taken prior to age
59½, a 10% additional federal tax..
22
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
SIMPLE INCOME III RIDER
Rider Details
Simple withdrawal value is established at contract issue, and set equal to the clients’ initial
premium plus any premium bonus that may have been credited under the base contract
We credit the simple bonus to the simple withdrawal value at the end of each contract year
This simple bonus is equal to the adjusted premium multiplied by the simple bonus
percentage.
The simple bonus is guaranteed through age 90 or until the client begins taking lifetime
income withdrawals, whichever comes first.
Bonus annuities may include higher surrender charges, longer surrender charge periods, lower interest rates, lower caps, higher spreads, or other restrictions that
are not included in similar annuities that don't offer a bonus. None of the bonus is vested during the first contract year. The bonus becomes vested at 10% per year
on each of the first 10 contract anniversaries. If you surrender your contract before the 11th contract year, you will lose the unvested bonus. During the first 10
contract years, we will apply a surrender charge and unvested bonus reduction if you partially or fully surrender your contract. The same would apply if you begin
annuitization prior to the sixth contract year (or for fewer than 10 years). These charges may result in a loss of bonus, indexed interest and fixed interest, and a
partial loss of principal (your premium). Product and feature availability may vary by state.
23
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
SIMPLE INCOME III RIDER
Flexibility to choose
from three different
payment options
Income option 1

Predictable payments

Payments for the life of one person

Payments for the joint lives of two
spouses
Income Option 2

Potential to increase each year
Income Option 3

Inflation-adjusted solution that can
help the client keep up with the
negative effects of inflation
Any distributions are subject to ordinary income tax and, if taken
prior to age 59½, a 10% federal tax penalty.
24
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
SIMPLE INCOME III RIDER
Predictable payments – Income option 1
INCOME OPTION 1
80
AGE
70
60
50
45
11
12
13
14
15
16
17
18
CONTRACT YEAR
This hypothetical example is intended to show how the income option 1 payments remain level for each age and contract year . Any distributions are
subject to ordinary income tax and, if taken prior to age 59½, a 10% federal additional tax.
25
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
SIMPLE INCOME III RIDER
Payments that can increase – Income option 2
Hypothetical Income Payment
Guaranteed Income Payment
INCOME OPTION 2
INCOME PAYMENT
$10000
$8000
$6000
$4000
$2000
11
12
13
14
15
16
17
18
CONTRACT YEAR
This hypothetical example is intended to show how the income option 2 payments have the potential to increase each contract year because of the client’s
chosen allocation in the base contract. Any distributions are subject to ordinary income tax and, if taken prior to age 59½, a 10% federal additional tax.
26
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
SIMPLE INCOME III RIDER
Inflation Protection
payments - Income
option 3

Income can increase during the
first 20 years after income
payments begin

Annual maximum withdrawal
amount will be recalculated to
reflect any changes in the
Consumer Price Index (CPI-U) up
to an annual maximum of 10%

Guaranteed minimum payout
percentage of 2%
Any distributions are subject to ordinary income tax and, if taken
prior to age 59½, a 10% federal additional tax.
27
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
SIMPLE INCOME III RIDER
Inflation protection payments – Income option 3
Hypothetical Income Payment
Guaranteed Income Payment
INCOME OPTION 3
INCOME PAYMENT
$10000
$8000
$6000
$4000
$2000
11
12
13
14
15
16
17
18
CONTRACT YEAR
This hypothetical example is intended to show how the income option 3 payments have the potential to increase each contract year if any changes are
reflected in the Consumer Price Index (CPI-U). Any distributions are subject to ordinary income tax and, if taken prior to age 59½, a 10% federal additional tax.
28
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
SIMPLE INCOME III RIDER
Cumulative Withdrawal Amount – Take less and keep the rest
Lifetime income withdrawals taken
Cumulative withdrawal amount
$14,000
$16,500
$2,500
$2,500
$14,000
$16,500
$2,500
$5,000
$14,000
$16,500
$2,500
$7,500
$14,000
$16,500
$2,500
$16,500
$16,500
$0
$10,000
$10,000
This hypothetical example is provided to show how the protected income value can be accessed. It assumes the client has a protected income value of
$330,000 and is age 65 at the time payments begin. The client has a 5.0% withdrawal percentage which results in an annual maximum protected income
value payment of $16,500. 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 prior to age 59½, a 10% federal additional tax.
29
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
4
Maximizing
contract
value
Contract values
are maximized by
holding for at least
10 years
Then the client can:


Remain in deferral
Take the full accumulation value as
a lump sum payment
Annuitize

In the 6th contract year the client
can start receiving annuity
payments based off the full
accumulation value for at least 10
years
Simple Income III Rider

Utilize the option I, II, or III income
withdrawal payments
Any distributions are subject to ordinary income tax and, if taken
prior to age 59½, a 10% federal additional tax.
31
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
MAXIMIZING CONTRACT VALUE
5
Additional
product
features
Riders
ADDITIONAL PRODUCT FEATURES
Flexible annuity option rider: Accumulation value to be taken (less any premium bonus and
interest earned on that bonus) anytime after the first contract year over a period certain of 10 to 30
years. No cost for this rider.
Death benefit rider: Provides an income-tax-free lump sum death benefit in addition to your
annuity’s death benefit. There is an annual charge for this rider.
Flexible withdrawal rider: Allows the client to take a one-time lump-sum payment up to the
accumulation value, if they are admitted to an eligible nursing home, assisted living care facility, or
hospital for at least 30 of 35 consecutive days. Admittance must occur after the first contract
anniversary. The cost for this rider is .008333% of the accumulation value deducted monthly from
the contract’s values.
Nursing home benefit rider: Allows the client to take an accelerated distribution of the
accumulation value as annuity payments over five years if admitted after the first contract year into
an eligible nursing home, long term care facility, or hospital and then confined for at least 30 of 35
consecutive days. Admittance must occur after the first contract anniversary. There is no charge for
this rider.
Death Benefit: (prior to annuitization)
Beneficiaries will receive the greater of the accumulation value (including both vested and unvested
bonus) or the guaranteed minimum value. In either case the client can elect to receive a lump sum
payment or annuity payments over the course of 5 years (or longer).
Any distributions are subject to ordinary income tax and, if taken prior to age 59½, a 10% federal additional tax.
33
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
ADDITIONAL PRODUCT FEATURES
Unemployment Benefit
One-time free withdrawal of up to an additional 10% of premium if
owner becomes unemployed.
Available at no extra cost
REQUIREMENTS TO QUALIFY:




Must be under the age of 65 on the date of request
Owner must have filed for unemployment after the first contract year
Request for this benefit is made at least 30 days after first unemployment
benefit payment received
Must have received an unemployment benefit payment in the last 30 days
(still unemployed)
Distributions may be subject to a surrender charge. Distributions are subject to ordinary income tax and, if taken prior to age 59 ½, a 10% additional federal tax.
34
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
Disclosures
Allianz Life Insurance Company of North America (Allianz)
S&P® is a registered trademark of Standard & Poor’s Financial Services LLC(“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark
Holdings LLC (“Dow Jones”). These trademarks have been licensed for use by S&P Dow Jones Indices LLC and its affiliates. S&P® and S&P 500® are trademarks
of S&P and Dow Jones®, Dow Jones Industrial AverageSM, DJIA and The Dow are trademarks of Dow Jones. These trademarks have been sublicensed for
certain purposes by Allianz Life Insurance Company of North America (“Allianz”). The S&P 500 and Dow Jones Industrial Average (DJIA) are products of S&P
Dow Jones Indices LLC and/or its affiliates and have been licensed for use by Allianz. Allianz products are not sponsored, endorsed, sold, or promoted by S&P
Dow Jones Indices LLC, Dow Jones, S&P, or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P, or their respective affiliates
make any representation regarding the advisability of investing in such product.
The Nasdaq-100 Index® includes 100 of the largest domestic and international non-financial securities listed on The Nasdaq Stock Market, based on
capitalization. The Nasdaq-100®, Nasdaq-100 Index®, Nasdaq®, and OMX® are registered trade marks of NASDAQ OMX Group, 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 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. “Dow Jones” and “Dow Jones Industrial AverageSM” are service marks of Dow Jones & Company, Inc. and have been licensed for certain
purposes by Allianz Life Insurance Company of North America. Allianz products based on the Dow Jones Industrial AverageSM, re not sponsored, endorsed,
sold, or promoted by Dow Jones, and Dow Jones makes no representation regarding the advisability of purchasing such product(s).
The Russell 2000 is a trademark of Russell Investments and have been licensed for use by Allianz Life Insurance Company of North America. The product is
not sponsored, endorsed, sold or promoted by Russell Investments and Russell Investments makes no representation regarding the advisability of investing
in the product.
The EURO STOXX 50® is the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland. The Allianz MasterDex X based on
the Index is in no way sponsored, endorsed, sold or promoted by STOXX and shall not have any liability with respect thereto.
35
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
Disclosures
Allianz Life Insurance Company of North America (Allianz)
The Allianz MasterDex X®Annuity is not sponsored, endorsed, sold or promoted by Barclays Capital. Barclays Capital makes no representation or warranty, express
or implied, to the owners of the Allianz MasterDex X®Annuity or any member of the public regarding the advisability of investing in securities generally or in the
Allianz MasterDex X®Annuity particularly or the ability of the Barclays Capital Indices, including without limitation, the Barclays Capital U.S. Aggregate Bond Index,
to track general bond market performance. Barclays Capital's only relationship to Allianz Life Insurance Company and its affiliates (“Allianz”) is the licensing of the
Barclays Capital U.S. Aggregate Bond Index which is determined, composed and calculated by Barclays Capital without regard to Allianz or the Allianz MasterDex
X®Annuity Barclays Capital has no obligation to take the needs of Allianz or the owners of the Allianz MasterDex X®Annuity into consideration in determining,
composing or calculating the Barclays Capital U.S. Aggregate Bond Index. Barclays Capital is not responsible for and has not participated in the determination of
the timing of, prices at, or quantities of the Allianz MasterDex X®Annuity to be issued or in the determination or calculation of the equation by which the Allianz
MasterDex X®Annuity is to be converted into cash. Barclays Capital has no obligation or liability in connection with the administration, marketing or trading of the
Allianz MasterDex X®Annuity .
BARCLAYS CAPITAL DOES NOT GUARANTEE THE QUALITY, ACCURACY AND/OR THE COMPLETENESS OF THE BARCLAYS CAPITAL INDICES, OR ANY DATA INCLUDED
THEREIN, OR OTHERWISE OBTAINED BY ALLIANZ, OWNERS OF THE ALLIANZ MASTERDEX X® ANNUITY, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE
BARCLAYS CAPITAL INDICES, INCLUDING WITHOUT LIMITATION, THE BARCLAYS CAPITAL U.S. AGGREGATE BOND INDEX, IN CONNECTION WITH THE RIGHTS
LICENSED HEREUNDER OR FOR ANY OTHER USE. BARCLAYS CAPITAL MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIMS ALL
WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE BARCLAYS CAPITAL INDICES, INCLUDING WITHOUT
LIMITATION, THE BARCLAYS CAPITAL U.S. AGGREGATE BOND INDEX, OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO
EVENT SHALL BARCLAYS CAPITAL HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF
NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES
Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America.
Not FDIC insured • May lose value • No bank or credit union guarantee
Not a deposit • Not insured by any federal government agency or NCUA/NCUSIF
Contract 52575, R91077-01 and state variations are issued by Allianz Life Insurance Company of North America.
Products are issued by Allianz Life Insurance Company of North America, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. 800.950.1962www.allianzlife.com
36
For financial professional use only – not for public distribution.
Product and feature availability may vary by state and broker/dealer.
OUR MISSION:
Allianz Life Insurance Company of North America is the trusted authority in insured retirement solutions for consumers working with a financial professional.
37
Thank you.
Please call the FASTeam at
800.950.7372 with questions.
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