Effective November 7, 2017, Allianz Life Insurance Company of North America (Allianz) will be making the following changes to the Allianz 360SM Annuity and it’s additional cost 360 Benefit rider. These product changes will require use of new Statements of Understanding.
- Income option 1 base withdrawal percentages are increasing by 0.20% for single life and joint life.
- Income option 2 base withdrawal percentages are increasing by 0.30% for single life and joint life.
Applications signed on or after Tuesday, November 7, 2017 will automatically receive the post-change version of the product. The 11/2017 version of the Statement of Understanding must be received prior to issue.
Pending applications or issued contracts within their free-look period receiving the pre-change version of the product may opt in to the post-change version of the product by submitting the November 7th 2017 Product Change Letter of Instruction and the 11/2017 Statement of Understanding to the home office no later than Thursday, December 7, 2017.
Call your CreativeOne sales team at 800.992.2642 for more information.
Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America.
Products are issued by Allianz Life Insurance Company of North America.
For financial professional use only – not for use with the public.