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About Allianz Life
Allianz Life Insurance Company of North America is a subsidiary of Allianz SE, one of the world's largest financial services companies. They are a leading provider of fixed indexed annuities in the US market, known for innovative index strategies and strong financial backing from their global parent company.
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How we scored them
Income Options91/100
Financial Strength95/100
Fees & Costs84/100
Flexibility87/100
Customer Service88/100
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The tradeoffs
What works
- Backed by Allianz SE global financial strength
- Innovative index crediting strategies
- Strong fixed indexed annuity lineup
- Competitive income rider options
- Long track record (125+ years)
What to watch
- Some products have higher fees than competitors
- Complex product structures
- Limited MYGA offerings
- Surrender periods can be long
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Income rider fees
Disclosed charges for optional riders on Allianz products, live from Annuity Rate Watch. Product-level detail is on each review.
| Rider | Product | Fee |
|---|---|---|
| Allianz 360 Benefit: Option 1 | Allianz 360 | 0.95% annually (limited to interest) |
| Allianz 360 Benefit: Option 1 MN | Allianz 360 | 1.00% annually |
| Allianz 360 Benefit: Option 2 | Allianz 360 | 0.95% annually (limited to interest) |
| Allianz 360 Benefit: Option 2 MN | Allianz 360 | 1.00% annually |
| Core Income - Option 1 | Allianz Core Income 7 | 1.25% annually (2.50% max) |
| Core Income - Option 2 | Allianz Core Income 7 | 1.25% annually (2.50% max) |
| Essential Income Benefit - Option 1 | Allianz Essential Income 7 | 1.05% annually and a Max Fee of 2.50% after Year 1 |
| Essential Income Benefit - Option 2 | Allianz Essential Income 7 | 1.05% annually and a Max Fee of 2.50% after Year 1 |
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Best fit for these buyers
Investors wanting global financial backing
Those seeking innovative index strategies
Retirees wanting guaranteed income with growth
Ages 50-70 planning retirement income
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Frequently asked questions
Is Allianz Life a good annuity company?
Allianz Life earns an average rating of 4.2/5 across the 12 products we've reviewed, and A.M. Best rates the carrier A+ for financial strength. We describe its financial position as "Superior" with $100+ Billion in total assets.
What are the fees for Allianz Life annuities?
Fee structures vary by product. Optional income riders on Allianz Life products carry disclosed charges — for example Allianz 360 Benefit: Option 1 (Allianz 360): 0.95% annually (limited to interest); Allianz 360 Benefit: Option 1 MN (Allianz 360): 1.00% annually ; Allianz 360 Benefit: Option 2 (Allianz 360): 0.95% annually (limited to interest). See each product review for the full fee detail.
What is the surrender period for Allianz Life annuities?
Surrender periods on Allianz Life's current lineup run 5–10 years, depending on the product. Most products allow an annual free-withdrawal amount before charges apply — the product table above shows each product's surrender length, and each review covers the exact schedule.