Allianz Life Insurance Company of North America has launched an annuity for clients that may provide more funds for retirement.

Its new Allianz Index Advantage Income Variable Annuity offers traditional variable options as well as strategies tied to different indexes, including the S&P 500 index, Russell 200 Index, Nasdaq - 100 index and EURO Stoxx 50, to provide long-term growth.

The product allows income withdrawal percentages that may increase each year retirement income is deferred, according to a press release. There is also an option for a guaranteed income for life that could increase every year, according to the report.

Clients will have the ability to customize growth potential and protection through a number of index strategy choices.

More information is available by clicking here.