Some versions

of these new policies will offer the opportunity to accumulate cash value,

tax deferred, that could be converted to monthly payments at retirement;

the payments would be guaranteed for life. Some even may offer an option

to link the cash value buildup to one or more stock market indexes. As

with all life insurance policies, the policy death benefit passes to the

beneficiary income-tax free.

Multi-benefit

life insurance is now available from just a few companies, and product

availability and benefits may vary by state. It is anticipated, however,

to be offered by nearly all life insurance companies and become a popular

choice of consumers in the years ahead.

For information

about life insurance, visit the American Council of Life Insurers at www.acli.org.

For information about Allianz Life policies, specific provisions, limitations,

charges and conditions, contact Allianz Life at (800) 950-5872, or visit

www.allianzlife.com. Allianz Marketing is a division of Minneapolis-based

Allianz Life Insurance Company of North America.

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