New Allianz Life Product Offers Benefits for the Living. (New Products and Services).Allianz Allianz SE[1], (ISIN: DE0008404005; IPA pronunciation: [alli-anz], and formerly AG) is a large financial service provider headquartered in Munich, Germany. Life Insurance Company of North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Minneapolis Minneapolis (mĭn'ēăp`əlĭs), city (1990 pop. 368,383), seat of Hennepin co., E Minn., at the head of navigation on the Mississippi River, at St. Anthony Falls; inc. 1856. , has launched a new kind of life insurance, LifeFund, that provides the insured access to cash benefits in the event of critical illness or injury, or a total disability. The company has developed four versions, each providing a pool of money in the form of accelerated death benefits that can be accessed following the onset on·set n. A beginning; a start, as of a cold. of a disability or specific critical illnesses. Following a waiting period, benefits range from 10% to 50% of the fund amount, depending on the type and severity of the condition. Two of the versions offer the ability to convert enhanced cash values into a stream of guaranteed monthly retirement income for life. |
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