Allianz Life Partners with Morgan Stanley to Expand Annuity Offerings

Allianz Life Expands Annuity Offerings through Morgan Stanley

As the demand for effective retirement planning solutions continues to rise, Allianz Life Insurance Company of North America has forged a partnership with Morgan Stanley. This collaboration allows Allianz Life to introduce its annuity products to Morgan Stanley's extensive client base, increasing the options available for individuals planning their financial futures.

New Annuity Products Available

Morgan Stanley financial professionals now have access to five distinct annuity products tailored to meet the diverse needs of their clients. This includes a range of registered index-linked annuities (RILAs) and a fixed index annuity (FIA), which are designed to provide a safety net against unfavorable market conditions.

Types of Annuities Offered

The newly available annuities encompass the following offerings:

• Allianz Index Advantage+ Variable Annuity
• Allianz Index Advantage+ New York Variable Annuity
• Allianz Index Advantage+ Income Variable Annuity
• Allianz Index Advantage Income ADV Variable Annuity
• Allianz Essential Income 7 Annuity

These products include unique features, such as a variety of index options. Notably, the Performance Lock innovation allows clients to secure their index values at chosen times, enhancing their investment strategy.

Industry Leadership in Annuities

John Helmen, a vice president of distribution national accounts at Allianz Life, expressed the company’s commitment to support Morgan Stanley’s efforts in the annuities space. With over a decade of dedicated experience in the RILA market, Allianz Life aims to leverage its expertise in helping Morgan Stanley broaden its offerings.

Guaranteed Income with Innovative Features

The Essential Income 7 annuity stands out among the offerings by providing guaranteed lifetime income. Clients also have the option to include the Essential Income Benefit rider, which can increase their income potential.

As interest in retirement risk management continues to surge, Corey Walther, president of Allianz Life Financial Services, highlighted the significance of this partnership. This initiative will increase the innovative solutions available to Morgan Stanley clients, addressing critical retirement challenges such as inflation, longevity, and market fluctuations.

Growth in Annuity Sales

The annuity sector is witnessing unprecedented growth, with total sales across the U.S. forecasted to set a new record soon. Reports indicate a remarkable 29% increase in sales attributed to registered index-linked and fixed index annuities during the recent quarter as noted in the findings from LIMRA’s U.S. Individual Annuity Sales Survey.

About Allianz Life Insurance Company of North America

Allianz Life Insurance Company of North America has been a cornerstone in the insurance industry since its inception in 1896. Recognized as one of the Ethisphere World’s Most Ethical Companies, Allianz Life has a proven track record of delivering innovative risk management solutions that help millions plan for their financial future. The company's achievements in 2023 include providing substantial policyholder distributions exceeding $13.73 billion.

As a prominent player in the annuity market, Allianz Life focuses on providing clients with fixed index annuities, registered index-linked annuities, and fixed index universal life insurance. Moreover, Allianz Investment Management LLC, a wholly owned subsidiary, manages a range of exchange-traded funds (ETFs), reflecting the company’s commitment to comprehensive financial services.

Allianz Life is part of Allianz SE, a global financial services leader with a workforce of approximately 157,000 people spread across more than 70 countries. The company proudly sponsors Allianz Field, a prominent venue in St. Paul, Minnesota, home to Major League Soccer’s Minnesota United.

Frequently Asked Questions

What annuity products are now available through Morgan Stanley?

Clients can access five annuity products: four RILAs and one FIA, which provide various innovative features for retirement planning.

How does the Performance Lock feature work?

This feature allows clients to secure their index option value at specific times, helping them maintain a favorable investment position.

What is the Essential Income 7 annuity?

The Essential Income 7 annuity offers guaranteed lifetime income with additional potential through riders like the Essential Income Benefit rider.

Why is Allianz Life considered an ethical company?

Allianz Life has been recognized as one of the Ethisphere World’s Most Ethical Companies for its commitment to ethical practices in the insurance sector.

How is the annuity market performing currently?

The annuity market is seeing a significant rise, with sales projected to reach record levels, driven by increased interest in retirement planning.

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