Allianz Life Launches USAllianz Rewards, a New Premium Bonus Variable Annuity.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--May 15, 2000 Allianz Life Insurance Company of North America (Allianz Life) today announced the introduction of USAllianz Rewards(TM), a new premium bonus variable annuity Variable Annuity An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio. . "We designed USAllianz Rewards to encourage savers to become investors," said Christopher H. Pinkerton, President and Chief Executive Officer of USAllianz Investor Services, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Allianz Life's broker-dealer and distributor of USAllianz products. "Savings alone does not ensure a comfortable retirement. There are a number of people who are afraid to take a chance in the stock market due to a fear of volatility. The bonus on USAllianz Rewards helps to minimize that fear by offering a `safe cushion' of an immediate bonus on their investment which in turn lessens the impact of volatility," he said. USAllianz Rewards offers clients an immediate bonus ranging from 4% to 8%, based on total net premium deposits. The product also offers 37 variable investment options from 10 leading investment managers, an enhanced death benefit option, 10% non-cumulative partial withdrawals, and fixed and variable payout options. The investment managers include: A I M Advisors, Inc.; Allianz of America, Inc.; Davis Selected Advisers, LP; Franklin Templeton Group; Fred Alger Management, Inc.; J.P. Morgan Investment Management, Inc.; OppenheimerFunds, Inc.; Pacific Investment Management Company (PIMCO PIMCO Pacific Investment Management Company ); J & W Seligman & Co., Inc.; and Van Kampen Asset Management, Inc. USAllianz Rewards is the second variable annuity in a series of USAllianz branded products Allianz Life will introduce this year. The first product, USAllianz Alterity Al`ter´i`ty n. 1. The state or quality of being other; a being otherwise. For outness is but the feeling of otherness (alterity) rendered intuitive, or alterity visually represented. , was launched in February. The USAllianz and Valuemark variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. are issued by Allianz Life Insurance Company of North America and distributed by its affiliate, USAllianz Investor Services, LLC, a member of the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). . For more complete information about USAllianz Rewards, including free prospectuses describing charges, fees, expenses and risk factors, please call USAllianz Investor Services, LLC at 1-800-542-5427. Interested persons should read the prospectus carefully before investing or sending money. Allianz Life is a leading provider of fixed and variable annuities and life policies, group life and health, and long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. products through independent distribution networks and financial institutions in the U.S. Allianz Life is wholly-owned by Allianz of America, Inc., the holding company for the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. companies of the Allianz Group, an international insurance group. The Allianz Group is the second largest insurance group in the world, based on gross premium written. |
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