Allianz Life Insurance Company of North America has launched the Allianz Signature 7 Annuity, exclusively available for financial professionals associated with the Allianz Preferred platform.
Particularly designed for retirement accumulation, Signature 7 is the first Allianz Preferred FIA with a seven-year decreasing surrender charge period.
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The new product, which is currently available in 41 states, can help accumulate retirement savings, offering protection of principal from market downturns, valuable guarantees and a death benefit.
Allianz Life Sales senior vice president Eric Thomes said that the Allianz Signature 7 Annuity is designed for Americans seeking higher accumulation potential for their retirement savings.
"This FIA can also help prepare customers for the secure retirement they desire by providing them with flexible options," Thomes said.
Before retirement period, the Allianz Signature 7 allows clients to build retirement savings through indexed interest depending on changes in various external market indexes of their choice, while protecting principal and credited interest from market losses.
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By GlobalDataThe product also offers flexible options for clients to access their money.
