ESI is pleased to announce that Allianz Index Advantage+ Select Income RILA is now available. Select Income will replace Index Advantage+ Income in all states where approved.
Core functionality remains the same; however, the income rider introduces performance-based adjustments, creating a more flexible, sequence-sensitive income stream. Income may begin at any time after the first contract anniversary.
Two income paths (same rider fee):
Level Income = consistent payments guaranteed to not decrease
Dynamic Income = payments will increase or decrease annually based on index performance.
New business documentation should include a clear rationale for recommending Select Income and confirm client understanding of the following:
- No minimum guaranteed living benefit base value
- Income based on account value at income activation, which may be less than premiums paid
- Income variability, including potential reductions in adverse market conditions, particularly with Dynamic Income.
If you have questions, contact Allianz at 800-542-5427. For Suitability questions, contact the Suitability team at 800-344-7437 (Press 2 → Press 5 → Press 2) or email ESIDBPreview@nationallife.com for case preview.
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