Life Insurance

Allianz Life Insurance Review

By David Krug David Krug is the CEO & President of Bankovia. He's a lifelong expat who has lived in the Philippines, Mexico, Thailand, and Colombia. When he's not reading about cryptocurrencies, he's researching the latest personal finance software. 5 minute read

Allianz may be a feasible option for consumers seeking life insurance with an investing component due to its emphasis on retirement and income planning. The insurer’s restricted product range may exclude it from being suitable for all consumers. This Allianz Life Insurance Review may be pretty beneficial in resolving any concerns you may have concerning the policy’s advantages.

Allianz Details

Allianz Life Insurance Review - Allianz Life Insurance Logo
  • Policies. Term, Universal
  • Coverage maximum. $65,000,000
  • Term lengths. 10, 15, 20, 25, or 30 years
  • Available states. Not available in NY
  • Issue age. Not Mentioned
Best Affordable Life Insurance
Free Life Insurance Quote, No Obligation.

An easy, affordable and dependable way to look after the people you love.

More Info →

Pros and Cons of Allianz Life Insurance

Pros

  • There are examples of extremely high face values.
  • A calculator for determining financial fortitude is accessible in life insurance advertising.

Cons

  • There is no online application procedure for this post.
  • The product is only available in a limited quantity.
  • Within this time frame, the customer has a limited window of opportunity to acquire aid.
  • In the state of New York, term insurance is not available.

Allianz life insurance rates

Premiums vary by state, product, and rate class. Universal life insurance, according to Allianz, will never cost less than $25 per month or $300 per year. Nonsmokers who are young and healthy and are not exposed to the health risks connected with smoking may qualify for the most favourable pricing. You may either contact an Allianz sales representative or use the website’s Life Insurance Calculator to discover your prices.

How to get a quote from Allianz life insurance?

Insurance may be obtained only through a conversation with an insurance professional. Insurance may be obtained only through a conversation with an insurance professional.

  1. Phone. Call 800-950-5872 weekdays from 8 a.m. to 5 p.m. CT.
  2. Email. Send a secure message using our Contact Us page. Check the ‘I intend to buy Allianz products’ box when submitting an email to ensure it is delivered to the appropriate department.

One of our agents will be assigned to your application. They’ll typically contact you within two business days to discuss the next course of action.

What types of life insurance coverage does Allianz offer?

Allianz’s retirement and income planning products represent the company’s dedication to retirement and income planning. Rather than selling directly to clients, it sells term and universal life insurance through a nationwide network of brokers. Allianz’s retirement and income planning products represent the company’s dedication to retirement and income planning. Rather than selling directly to clients, it sells term and universal life insurance through a nationwide network of brokers.

Term life

Term Pro+ is a term life insurance policy manufactured and underwritten by Banner Life Insurance Company. Insurance can be purchased for a duration of 10, 15, 20, 25, or 30 years (depending on the policy). Premiums will remain constant during the duration of the insurance, and consumers will be protected until they reach the age of 95. Insurance coverage with a monetary face value of $5 million is possible.

The duration of your purchase is dependent on your age and health status:

  • A ten-, fifteen-, or twenty-year plan is available to anyone between the ages of twenty and sixty-five years old.
  • People between the ages of 20 and 60, whether smoke or don’t smoke, can sign up for 25-year plans.
  • Individuals between the ages of 20 and 55, who smoke or do not smoke, are eligible to apply for insurance plans.

When term insurance plans expire, you have three options: upgrade to permanent coverage, purchase another term insurance policy, or let the policy lapse. The cost of a year’s coverage is $60, and Term Pro+ is not available in New York.

Universal life

Fixed universal life insurance plans are available in two distinct sizes and are both index-linked and accumulate cash value.

  • Pro+ Elite Fixed Index Universal Life Insurance. Among other perks, it provides a tax-free death benefit and an interest incentive for certain index allocation selections. As a consequence, you may find yourself in a better position to accumulate riches more quickly. The Accelerated Death Benefit for Chronic Illness and the Terminal Chronic Illness Accelerated Death Benefit If you are diagnosed with a chronic disease or terminal chronic illness, riders allow you to borrow against the cash value of your policy and obtain the death benefit. Additionally, you have the ability to change your premium payments as needed with this coverage.

You must be under the age of 80 to qualify for insurance. The death benefit is variable in amount, ranging between $100,000 and $65 million.

  • Pro+ Survivor Fixed Index Universal Life Insurance. Fixed Index Pro+ is a tool for creating fixed indexes. Survivor Universal life insurance, like term life insurance, covers two individuals, most frequently a couple. You can acquire the First-to-Die Rider to ensure that the policyholder who dies first receives a death benefit. If both policyholders die simultaneously, this insurance pays the first policyholder’s death benefit.

Both of you must be between the ages of 30 and 80 to be eligible for this coverage. You have the choice of collecting as little or as much in death benefits as you desire. A cash deposit of at least $200,000 is required.

What riders can I add to my policy?

You may modify your insurance coverage by adding the following riders:

  • Death benefit rider Quicker payments (included in basic policy) Riders under the age of eighteen are not authorized.
  • Customers who have renewed their premium-rider memberships and who are insured against critical illness
  • One who is both their spouse and a rider
  • Long-term rider

Allianz life insurance reviews and complaints

Allianz has been recognized and evaluated by the Better Business Bureau since 1972, offering insight into the company’s ability to pay claims in the foreseeable future. It’s critical to understand that, despite customers’ low ratings for Allianz’s customer satisfaction, these ratings apply to the firm as a whole, not only to its annuities and retirement planning departments.

How does Allianz protect my data?

From start to finish, Allianz safeguards the privacy of its client’s personal information. Additionally, it monitors client accounts for unusual requests or transactions and delivers monthly statements to policyholders for their review.

About Allianz

Despite becoming the world’s sixth largest asset manager, Allianz SE retains total control over its wholly owned subsidiary, Allianz Life Insurance Company. The banking behemoth is headquartered in Germany and serves 85 million customers worldwide.

Allianz has had a presence in the United States since its foundation in 1898. It is headquartered in Minneapolis and offers life insurance and retirement planning services. It is well-known for its conservative and diversified investment strategy. Due to this prudent strategy, rating agencies such as A.M. Best, Moody’s, and Standard & Poor’s have continuously assigned the firm a good financial rating.

Allianz may be a feasible option for consumers seeking life insurance with an investing component due to its emphasis on retirement and income planning. The insurer’s restricted product range may exclude it from being suitable for all consumers.

Allianz Contact Information

You can reach the customer service team by:

  • Phone. Call 800-950-5872 weekdays from 8 a.m. to 5 p.m. CT
  • Fax. Dial 763-582-6002
  • Email. Submit the form on the Contact Us page
  • Social media. Ask questions via Facebook or Twitter
  • Mail. Send regular mail to:

Allianz Life Insurance Company of North America
PO Box 1344
Minneapolis, MN 55416

Best Affordable Life Insurance
Free Life Insurance Quote, No Obligation.

An easy, affordable and dependable way to look after the people you love.

More Info →

Frequently asked questions

What is term life insurance?

Term life insurance is a type of life insurance policy that provides coverage for a specific period of time, usually 10, 20, or 30 years. The death benefit is paid out if the policyholder dies during the term of the policy. If the policyholder does not die during the term, the policy expires and no death benefit is paid.

What is an annuity?

An annuity is a contract between an individual and a financial institution, such as a bank, in which the individual makes regular payments into the annuity, and, in return, the financial institution agrees to make periodic payments to the individual, usually after the individual reaches retirement age.

Curated posts

Someone from Baltimore, MD just viewed Best Online Colleges for Data Science