Allianz Life sees annuity sales sag

  • Article by: JENNIFER BJORHUS , Star Tribune
  • Updated: August 3, 2012 - 10:06 PM

Low interest rates have cut into the popularity of the common retirement vehicle.

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jcinmnAug. 4, 12 8:18 AM

"... a new fixed-index universal life insurance product Allianz launched last year called Allianz Life Pro+, which provides a life insurance death benefit but also has a cash value that builds up and allows people to take out loans against it at an attractive rate. Olson called the new product "transformational" for Allianz's life insurance business. " Transformational? It looks like something from 50 years ago with a new name. It looks like the life insurance industry has come full circle after "buy term and invest the difference bombed"

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