The product is designed to offer flexibility in how investors access lifetime income in retirement.
Allianz Life Insurance Company of North America has launched a registered index-linked annuity (Rila), Index Advantage+ Select Income Annuity, designed to provide flexible lifetime income options in retirement. Investors can begin receiving income after reaching the age of 50 The annuity includes an automatically added income benefit rider, which allows contract holders to start lifetime income through what the company calls a dynamic Income option. The firm noted that investors can begin re