Allianz products include traditional universal life, fixed index universal life, and term coverage. Fixed-Index universal life is the most popular option; it offers protection from loss coupled with the opportunity for growth (tied a market index). Living benefits are also provided to qualifying clients if they survive a heart attack, stroke, certain types of cancer, or other critical illnesses. If you don't need access to these living or death benefits, you may be able to receive triple the cash value of your policy when you turn 65, which can then be used for retirement income.