If you’re already familiar with Index Lock, you know the benefits of being able to lock in an index value once per crediting period. Now Allianz is taking that feature one step further with Auto Lock.
Beginning on May 4, they’re making it even easier for your clients to receive a potential positive interest credit – no matter what happens in the market during the rest of the crediting period.
Using their new feature called Auto Lock, your clients can now activate an Index Lock automatically once during a crediting period. Once activated, they will receive the day’s ending index value, and it will stay at that level until the end of the crediting period – no matter what.
And Auto Lock will be available not only on new business but inforce contracts/policies that currently offer Index Lock.
More details will be coming over the next week.