Life insurance firm Allianz has introduced a new fixed index annuity (FIA) designed to aid clients that desire more control over how they create their guaranteed income, as well as the flexibility to change their retirement plans should their circumstances change.

The Benefit Control Annuity enables clients the option of accessing their retirement income early and offers the ability to begin income on any monthly contract anniversary after the age of 50, eradicating the minimum wait period. According to assistant vice president of product innovation, Dan Krueger ( pictured ), the new FIA is linked to multiple indices that vary by allocation option. A monthly sum with a cap includes the S&P 500, Russell 2000 and Nasdaq-100 indices, whereas the annual

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