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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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What you could receive
Estimated guaranteed lifetime income based on a single premium payment. Actual rates may vary.
| Investment | Age | Monthly | Annual | Guarantee |
|---|---|---|---|---|
| $100,000 | 60 | $535 | $6,420 | Lifetime |
| $250,000 | 65 | $1,490 | $17,880 | Lifetime |
| $500,000 | 65 | $2,980 | $35,760 | Lifetime |
| $1,000,000 | 70 | $6,750 | $81,000 | Lifetime |
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Fee schedule
| Fee type | Amount | Description |
|---|---|---|
| Annual Contract Fee | $0 | No annual fee on base contract |
| Income Rider Fee | 1.00% - 1.25% | Annual fee for income rider |
| Surrender Charge | Varies | Declining surrender charge schedule |
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Early withdrawal penalties
Charges apply to amounts above the annual free withdrawal (typically 10%).
| Yr 1 | Yr 2 | Yr 3 | Yr 4 | Yr 5 | Yr 6 | Yr 7 | Yr 8 | Yr 9 | Yr 10 |
|---|---|---|---|---|---|---|---|---|---|
| 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 0% |
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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 19 products we've reviewed, with an AM Best rating of A+ and S&P rating of AA. Their financial strength is rated "Superior" with $100+ Billion in total assets. Allianz Life is particularly strong in income options.
How much income can I get from a Allianz Life annuity?
Income depends on your investment amount and age. For example, a $500,000 investment at age 65 could generate approximately $35,760 per year in guaranteed lifetime income. A $250,000 investment at the same age could generate about $17,880 per year.
What are the fees for Allianz Life annuities?
Allianz Life charges Annual Contract Fee: $0, Income Rider Fee: 1.00% - 1.25%, Surrender Charge: Varies. Notably, there is no annual contract fee on the base contract, which is a competitive advantage.
What is the surrender period for Allianz Life annuities?
Allianz Life annuities typically have a 10-year surrender period. Charges start at 9% in year one and decline to 0% in the final year. Most products allow 10% annual free withdrawals without penalty.