Allianz Life Insurance Malaysia Berhad has launched AssuredLove, a new feature allowing policyholders to choose flexible death benefit payouts over five or ten years. This initiative aims to provide tailored financial stability for beneficiaries, aligning with individual legacy planning strategies.
AssuredLove offers policyholders the option to select a payout period of either five or ten years. For the five-year term, the first-year payout is 28% of the death benefit, followed by 18% annually for the next four years. The ten-year term maintains the initial 28% payout, with subsequent annual payouts of 8% for the remaining nine years. Interest will accrue on the balance of the death benefit after the first payout, providing additional financial growth.
Charles Ong, CEO of Allianz Life, stated, “We are thrilled to introduce AssuredLove, a feature that reflects our commitment to providing innovative solutions that empower our customers. With AssuredLove, your life policy goes beyond protection; it becomes a lasting expression of love, thoughtfully designed to carry on.”
AssuredLove can be attached to existing policies at no additional cost, making it an accessible option for enhancing life insurance coverage. It is compatible with high sum assured products, including Allianz EverLink Signature and Allianz PremierLink, offering comprehensive coverage options.
This feature is now available to all eligible policyholders, providing the opportunity to customise life insurance benefits to better meet financial goals and needs.
