Retirement Income
NAPAFIRMPARTNERS
Allianz Life Insurance Company of North America Minneapolis, MN allianzlife.com/dcplan Key Contact(s) Michael De Feo 763.765.7321 michael.defeo@allianzlife.com Joe Hendrickson 763.765.6160 joe.hendrickson@allianzlife.com Kate Cook kate.cook@allianzlife.com
How is the product structured? Other
What risk(s) is the solution seeking to address? • Longevity • Sequence of returns • Inflation • Liquidity • Market risk • Mortality risk • Something else
Firm Profile
Allianz Life Insurance Company of North America (Allianz) is a leading provider of retirement solutions, including fixed/variable annuities and life insurance. Through a line of innovative products and a network of trusted financial professionals, and with 3.7 million contracts issued, Allianz helps people as they seek to achieve their financial and retirement goals. Founded in 1896, Allianz is proud to play a vital role in the success of our global parent, Allianz SE, one of the world’s largest financial services companies.
Product Name
Allianz Lifetime Income+® Annuity with the Lifetime Income Benefit
Primary Market(s) Targeted
Is there a guarantee/insurer? Yes
Guarantee Type GLWB
QDIA-compliant (qualified default investment alternative)? No
Is there flexibility as to when a participant can take income? Yes
If a participant is separated from service for any reason can they take their contract/investment with them? Yes
Micro: <$1 million Small: $1-$10 million Mid: $10-$100 million Large: $100-$250 million Mega: >$250 million Mega Mega: >$1 billion
Will the income solution be used in conjunction with some sort of outsourced fiduciary? Yes
Are there fees for the solution? Explicit
Which recordkeeping platform(s) is the platform connected to/with?* We are connected to FIS-Relius record keepers of which there are approximately 43. We are working diligently to connect with other platforms and will add them regularly.
How is it available in the plan? • Managed account • Participant election/opt in • At retirement
*as of 6.30.23
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NAPABLACKBOOK2023