Allianz Life Insurance Company of North America has introduced a variable annuity that will let holders combine and change income options quickly and easily.
Allianz Life, Minneapolis, says its new Allianz Custom Income variable annuity contract comes with a Withdrawals Plus Benefit option that guarantees a fixed stream of income for life and an Increasing Withdrawals Benefit option that can provide a shorter, steadily increasing stream of income.
The product also comes with a Lifetime Income Benefit that can provide guaranteed income for life through variable annuitization.
