Allianz Life
Fixed Indexed Annuity
Allianz Life Insurance Company of North America, Minneapolis, has introduced Endurance Elite, a new fixed indexed annuity designed for consumers with retirement just around the corner. Endurance Elite offers principal protection, accumulation potential and retirement income that can increase and be made available after as little as five years.
Here are some of the features of Endurance Elite, now for sale in 40 states:
o Access to full accumulation value or income payments after just five years, or let the contract continue to accumulate
o A built-in income benefit value at no extra charge that includes a 10% premium bonus
o Lifetime income payments, based on the income benefit value, with the opportunity for increases each and every year
For more information, visit www.allianzlife.com.
Bankers Life and Casualty
Long-Term Care Insurance
Bankers Life and Casualty Company, Chicago, has released its new Bankers SimpleChoice long-term care insurance product. The new product offers four pre-packaged long-term care insurance plans, the Basic, Standard, Premier, and Elite plans. Each option offers a pre-selected maximum daily benefit amount, elimination period and duration period, among other benefits and features.
All plans in the Bankers SimpleChoice product may also be customized to meet a client's specific needs with its Build Your Own LTCI option.
The new offering features cash rider and cash disability rider options and a new married discount that applies to the applicant's plan even if their spouse is not also applying for coverage. The company has also added three new inflation protection options that are designed to be both affordable for consumers and compatible with Long-Term Care Partnership plans. New choices for clients are a 2% compound inflation option and two decreasing inflation protection structures, which enable them to benefit from a higher inflation percentage in the early years of the policy while helping keep the plan affordable when they're older.
The Bankers SimpleChoice long-term care insurance product is currently being sold in 19 states and there are plans to release the product in additional states in the near future.
For more information, visit www.bankers.com.
