allianz allianz life insurance company of north america ... · annuity (r-7/2012) allianz life...

An accumulation benefit that provides a level of protection for the principal your clients invest, with the flexibility to access their contract value based on their retirement needs.

Allianz VisionSM Variable Annuity

(R-7/2012)

Allianz Life Insurance Company of North America

Investment Protector

For broker/dealer use only – not for use with the public.Product and feature availability may vary by state and broker/dealer.

VSN-089

Allianz Vision Variable Annuity with the optional

Investment Protector rider is a potential

solution that makes us stand out in the

industry, like Truman the Rockhopper in

a crowd of ordinary penguins.

For more details on this benefit, please refer to the product profile.

How the Investment Protector stands out from the competition …

• Principal protection – Guaranteed return of purchase payments, adjusted for withdrawals, after a minimum of 10 years (on the Target Value Date).

• Lock in the highest annual contract value – On the rider anniversary, the contract value is locked in if it’s higher than the previously locked-in value, subject to vesting.

• Money credited to the contract – On the last business day before each Target Value Date, money will be added to the contract value to equal the Target Value (the greater of the purchase payments adjusted for withdrawals or 100% of the Rider Anniversary Value).

• Access to the contract value – Once the money has been added to the contract value, your clients can access the entire contract value.

On and after the Target Value Date, the contract value will be subject to market fluctuations.

P

Example: Gains locked in automatically with the Rider Anniversary Value

These hypothetical examples are provided to show how the Rider Anniversary Value is locked in and then how money is credited on the last business day before the Target Value Date. On and after the Target Value Date, the contract value will be subject to market fluctuations. These examples do not predict or project the actual performance of Allianz VisionSM Variable Annuity or its investment options. These examples assume you select the Investment Protector at issue and take no withdrawals before the initial Target Value Date.

Build it. Principal protection combined with the opportunity to lock in the Rider Anniversary Value can help your clients add a level of certainty to your retirement goals.

Rider Anniversary Value

after 8th anniversary

Original Target Value


after 1st anniversary


after 4th anniversary

Purchase

payment

Years 0 42 6 91 5 83 7 Initial Target Value Date10

Protect your purchase

payments while locking in gains.

Example: Money credited to the contract to equal the Target Value

Your clients will have the following options once money has been added to their contract value:

• Keep the Investment Protector working

• Create a retirement income stream

• Access their money

Money added to the contract value to equal the Target Value, which is the greater of 100% of the locked-in Rider Anniversary Value or the purchase payments adjusted for withdrawals.

Use it. Your clients have the flexibility to retire with choices and use their assets for a specific goal.

Initial Target Value Date

Purchase

payment

Years 0 42 6 91 5 83 7 10

Contract value

Target Value


Money credited to your contract

Design a portfolio that’s aligned with your client’s retirement goals.

Now may be the time to uncover opportunities with clients and invest a portion of their assets in Allianz VisionSM Variable Annuity with the optional Investment Protector rider. With access to 14 well-known money managers, you and your clients can design a portfolio from a diverse selection of investment options.

Investment Protector is subject to quarterly rebalancing and asset allocation restrictions will apply that become more conservative over time, and if the contract value is less than the Target Value.

Familiar names in the industry

For more complete information about Allianz variable annuities and variable investment options, call Allianz Life Financial

Services, LLC at 800.542.5427 for a prospectus. The prospectuses contain details on investment objectives, risks, fees, and

expenses, as well as other information about the variable annuity and the variable investment options, which your clients

should carefully consider. Encourage your clients to read the prospectuses thoroughly before sending money.

• 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

All contract and rider guarantees, including optional benefits and any fixed crediting rates or fixed annuity payout rates, are backed by the claims-paying ability of Allianz Life Insurance Company of North America. They are not backed by the broker/dealer from which this annuity is purchased, by the insurance agency from which this annuity is purchased, or any affiliates of those entities, and none makes any representations or guarantees regarding the claims-paying ability of Allianz Life Insurance Company of North America.

Guarantees do not apply to the performance of the variable subaccounts, which will fluctuate with market conditions.

Products are issued by Allianz Life Insurance Company of North America and distributed by its affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. 800.542.5427


We maintain substantial cash reserves and a strong

operating margin.

Any financial product is only as strong as the company behind it.

And as a leading provider of retirement and protection solutions,

Allianz Life Insurance Company of North America (Allianz Life®)

has the strength and stability to remain true to our promises.

We serve over 2.2 million contract owners of wealth management products that include fixed and variable annuities, and universal life insurance. Founded in 1896, Allianz Life provides innovative financial solutions for wealth accumulation, predictable retirement income, and protection of assets.

We’re part of a global financial powerhouse.

Our parent company, Allianz SE, serves over 75 millioncustomers in 70 countries, and is the world’s:• 27th largest company1

• 3rd largest money manager2

• 3rd largest company in the diversified insuranceindustry, based on sales3

• 3rd largest company in the diversified insuranceindustry, based on assets3

We have a conservative investment management

philosophy designed to weather all market conditionsand achieve long-term results.

We have extensive in-house risk management

capabilities. By monitoring and controlling risks inreal time, we have the potential to hedge against bothgeneral market turbulence and financial crises.

We’re part of the Allianz SE family of companies

in North America, including:

• Allianz Global Investors, a network of companies that includes PIMCO, one of the world’s leading fixed-income money managers

• Fireman’s Fund®, a premier property and casualty insurance company for more than 140 years

The strength of Allianz: A strong balance sheet, strong ratings, and strong risk management.

1 “Fortune Global 500,” Fortune, July 25, 2011. Fortune’s ranking is based on revenue.2 “The P&I Towers/Watson World 500: The World’s Largest Money Managers,” Pensions & Investments,

October 31, 2011 (www.pionline.com). Ranked by total assets under management.3 Data from “Forbes Global 2000: The World’s Biggest Public Companies,” Forbes, April 20, 2011.


Allianz Life is proud of our high ratings from independent rating

agencies – reflecting our stability, integrity, and strong balance

sheet. For a history of our financial ratings, visit www.allianzlife.com.

4 Total revenues include statutory gross premiums written in property-casualty and life/heath, operating revenues in asset management, and total revenues in corporate and other (banking).

5 Balance sheet numbers reported as of 12/31/11 and are based on International Financial Reporting Standards (IFRS).

Allianz Life Insurance Company of North America is a subsidiary of Allianz SE. Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America.

6 The A.M. Best rating of A (Excellent) is the 3rd highest of 16 possible ratings, and was affirmed June 2012.

7 The Standard & Poor’s rating of AA (Very Strong) is the 3rd highest of 21 possible ratings, and was affirmed January 2012.

8 The Moody’s rating of A2 (Good) is the 6th highest of 21 possible ratings, and was affirmed February 2012.

These independent agency ratings are based on an analysis of financial results and an evaluation of management objectives and strategies. The ratings do not pertain to the variable investment options, which fluctuate with market conditions. The ratings do not indicate approval by the analysts and are subject to change.

For a full description of how rating categories are assigned, please refer to these rating agencies’ websites:www.AMBest.com, www.standardandpoors.com, www.moodys.com

ALLIANZ LIFE ALLIANZ SE

2011 (USD in millions) 2011 (Euros in billions)

Statutory premium4 10,846 Total revenue4 103.6

Total assets5 107,052 Total assets5 641.5

Total liabilities5 98,817 Total liabilities5 594.2

Total equity5 8,235 Total equity5 47.3

RATING AGENCY CURRENT RATING

A.M. BEST6 A “Excellent”

STANDARD & POOR’S7 AA “Very Strong”

MOODY’S8 A2 “Good”

Allianz VisionSM Variable Annuity

Minimum purchase payment • Initial: $10,000 qualified and nonqualified • Subsequent: $50

Issue ages 0-80

Contract Base Bonus

Withdrawal charge

(for each purchase payment)7 years(8.5%, 8.5%, 7.5%, 6.5%, 5.0%, 4.0%, 3.0%, 0%)

9 years(8.5%, 8.5%, 8.5%, 8.0%, 7.0%, 6.0%, 5.0%, 4.0%, 3.0%, 0%)

Mortality and expense

risk charge and contract

maintenance charge

1.40% – $50 annually (waived for contract values of $100,000 or more)

1.70% – $50 annually (waived for contract values of $100,000 or more)

Bonus

As with all bonus variable annuities, please understand that they may carry higher fees and charges than variable annuities without the bonus feature.

N/A

6% on all purchase payments received before the older owner’s 81st birthday. Bonus vesting schedule completed # of years since receipt of purchase payments. Years 0 1 2 3Vesting 0% 35% 70% 100%

Death benefitChoose between two death benefits. The Quarterly Value Death Benefit is available for an additional 0.30% M&E charge. In order to select the optional Quarterly Value Death Benefit, the client must also select either the optional Income Focus, Income Protector, or Investment Protector rider at issue.

Investment optionsSeveral investment options from more than 10 highly respected money managers. If the Investment Protector is selected, allocation rules apply and we will automatically rebalance clients’ assets every quarter based on the most recent allocation instructions for future purchase payments.

Annual operating expense

of investment optionsMinimum Maximum Expenses shown are before fee waivers and expense reimbursements. 0.52% 1.73%

Payout options• Life • Joint and last survivor • Refund life• Life with period certain • Joint and last survivor with period certain

Optional Investment Protector rider

Issue age 0-80

Rider charge

Current charge at issue is 0.95%.Minimum rider charge is 0.35%. Maximum charge is 2.50%.Charge is a percentage of the Target Value (deducted quarterly) and is subject to change on each quarterly anniversary, but will never be less than the minimum or greater than the maximum. The rider charge cannot increase/decrease more than 0.35% in any 12-month period.

Purchase payments Allowed during the first three years (including Automatic Investment Plan), subject to maximum contribution limits

Selecting a Target Value

Date and establishing

a Target Value

Target Value DateThe client selects the Initial Target Value Date at the time they add the Investment Protector to their contract. The earliest date they can select is 10 years after they add the rider. The latest date they can select is the rider anniversary before the older owner’s 91st

birthday. Additional Target Value Dates will occur every fifth rider anniversary after the initial Target Value Date.Target ValueThe guaranteed amount available on the last business day before each Target Value Date. If selected at issue, this is guaranteed to be the greater of the purchase payments adjusted for withdrawals or 100% of the Rider Anniversary Value (withdrawals include partial annuitization and any withdrawal charges).In between these times, clients will have access to their contract value, which is subject to market fluctuations.• Rider Anniversary Value – On each rider anniversary, the current contract value is automatically locked in, subject to vesting, if it’s

higher than the previously locked-in value. The contract value may be higher between rider anniversary dates but will not be locked in. Once the Rider Anniversary Value is established, it can never decrease, unless the client takes a withdrawal.

• Increase to contract value – If on the last business day before any Target Value Date, the contract value is lower than the Target Value that was locked in on a prior rider anniversary, we will add money to the contract to equal the Target Value.

Reset the initial Target Value DateThe client can request a reset within 30 days following any rider anniversary prior to age 81, and before the initial Target Value Date, as long as the contract value is at least equal to the current Target Value. The client can choose any initial Target Value Date as long as it’s a rider anniversary at least 10 years from the reset anniversary and no later than the rider anniversary before the older owner’s 91st birthday.

L40529, L40530For broker/dealer use only – not for use with the public.Product and feature availability may vary by state and broker/dealer.

allianz allianz life insurance company of north america ... · annuity (r-7/2012) allianz life...

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