| MasterDex X Annuity and Simple Income II/III Rider |
The premium bonus will change from 7% to 6%.
The guaranteed minimum value (GMV) interest rate will be reduced from 2.05% to 1.95% in all states except DE, IA, and TX.
The Simple Income II/III Rider Simple Bonus percentage will change from 8% to 7%. |
|
Income Plus Rider available on Allianz Master Dex 5 Plus and
Allianz MasterDex Plus Annuities |
The Treasury Benchmark Rate will change from 4% to 3% |
| Dominator Select Annuity |
Will no longer be available for sale. |
|
MasterDex 10 Annuity
(CT and PA Only) |
Will no longer be available for sale. |
|
Allianz Endurance Plus Annuity, Allianz MasterDex 10 Plus Annuity,
Allianz MasterDex Plus Annuity |
First year top GA compensation for ages 0-75 will be reduced by 1% for Option A. Additional adjustments will be made to Options B and C as well as ages 76-80. |
| Allianz Endurance Elite Annuity |
First year top GA compensation for ages 0-75 will be reduced by 0.50% for Option A. Additional adjustments will be made to Options B and C as well as ages 76-80. |
Business rules
Pending and/or applications RECEIVED on or before Monday, September 26, 2011 (5:00 p.m. CDT) will be issued as applied for.
Applications RECEIVED on or after Tuesday, September 27, 2011 will be issued with the changes listed.
MasterDex X and Simple Income II/III changes will require use of new Statements of Understanding and consumer brochures. New versions will be available on our website and in our supply department on September 26, 2011 and will have revision dates of R-9/2011. Business received on or after September 26, 2011 at 5:00 p.m. CDT, but submitted with an outdated SOU, will require the R-9/2011 version of the SOU(s) to be signed.
Important reminder: The following states have adopted the NAIC Suitability Model Regulation and require that we have the correct SOU at the time the application is submitted: IA, CO, WI, RI, DC, NY, OH, OR, WV, ND, SC. In these states, we will not issue the contract until we have the correct SOU. This will delay commissions.
Due to high application volumes, and to ensure accuracy standards are maintained, we will suspend the 48-hour challenge beginning Thursday, September 22 and is scheduled to resume on Monday, October 17.
In addition, applications received at peak times may not be processed or appear on the Allianz website for up to five business days. To ensure you receive the most up-to-date information, enroll in our automated email program that provides current new business and transfer pending requirements.
In order to sign up for the automated email program, log on to the secure producer website at www.allianzlife.com. Select Contact Us and enter "New Business" in the subject line. Include your preferred email address and your request to be enrolled in the automated email program for new business requirements. You will receive an email confirmation of the change within two business days.
We also anticipate higher than expected wait times in our Contact Center. Please log on to the website for contract information at www.allianzlife.com.
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