Allianz Introduces GenDex Foundation(SM) Life Insurance: Customizable Universal...

Allianz Introduces GenDex Foundation(SM) Life Insurance: Customizable
Universal Life Insurance With Indexing Options

Universal life insurance offers customers protection, guarantees and control

MINNEAPOLIS, June 10 /PRNewswire/ -- Allianz Life Insurance Company of North
America (Allianz) is introducing GenDex Foundation(SM), a flexible premium
fixed index universal life insurance policy. In addition to providing a death
benefit, it offers the consumer affordable premiums, guarantees, and a variety
of other options that enable consumers to create a policy customized to fit
their specific needs.

While the desire for insurance is high, many people are stymied by all the
offerings in the marketplace. In a 2007 study conducted by LIMRA(1), a life
insurance market research organization, 50% of adults don't know how much
coverage to buy, and 39% worry about making the wrong decision when purchasing
life insurance. As a result, the insurance industry is evolving to meet
customer needs.

"GenDex Foundation offers lower-cost, guaranteed premium life insurance
coverage that can be a good alternative to a traditional life insurance
policy, which may be less flexible," said Scott Fryklund, vice president of
life insurance at Allianz. "As demographics have shifted, so has consumer
demand. As a result, the insurance industry is undergoing many changes. GenDex
Foundation was created to meet consumer demands."

In addition to providing beneficiaries with a death benefit, the GenDex
Foundation offers life insurance solutions for consumers in various life
stages, such as:
-- Affordable and flexible premiums
-- Fixed and indexed interest options
-- A positive, adjustable annual floor in the event the index is flat or
negative
-- Long Term Care Accelerated Benefit Rider, which provides policyholders
death benefit acceleration or continuation to help pay for long term
care expenses, along with other optional riders (all available at an
additional cost)

Universal Life (UL) provides coverage for your entire lifetime, and the
flexibility to pay premiums at any time and in any amount (subject to some
limits), as long as policy expenses and cost of coverage are met. UL policies
also have the potential for tax-deferred cash value accumulation that may be
accessed under certain circumstances.(2) With the GenDex Foundation, the cash
value can accumulate at a declared interest rate or by potential indexed
interest. Indexed interest is credited based on changes in an external index
or indexes, which policyholders choose when they purchase the policy.

For more information about Allianz and the new GenDex Foundation life
insurance product and the entire GenDex series, visit: www.allianzlife.com.

(1)"American Families at Risk," Facts about Life 2007, LIMRA International,
September 2007.

(2)Policy loans will reduce available cash values and death benefits, and may
cause the policy to lapse or affect any guarantees against lapse. Additional
premium payments may be required to keep the policy in force. In the event of
a lapse, outstanding policy loans in excess of un-recovered cost basis will be
subject to ordinary income tax.

Policy PS52453-01 is issued by Allianz Life Insurance Company of North
America.

Guarantees are backed by the financial strength and claims paying ability of
Allianz Life Insurance Company of North America.

About Allianz Life Insurance Company of North America
Founded in 1896 and based in Minneapolis, Allianz provides fixed and variable
annuities, life insurance policies, and long term care insurance products in
the United States. Allianz products are offered through a nationwide network
of independent distribution. The company is part of Allianz SE, a global
financial services group that is the 14th largest company in the world based
on sales, profits, assets, and market value. Allianz SE employs more than
155,000 people worldwide.

SOURCE Allianz Life Insurance Company of North America

Emily Porter of Allianz Life Insurance Company of North America,
+1-763-765-5415, emily.porter@allianzlife.com