One of the primary forms of life insurance coverage that is offered via Allianz Life Insurance Company of North America is fixed index universal life. The Pro+ product can be issued between the ages of 18-80, and there is also a juvenile class for issue between the ages of 0-17. Return of Premium Option – There is also a return of premium option available. Jeff Rose, CFP® is a Certified Financial Planner™, founder of Good Financial Cents, and author of the personal finance book Soldier of Finance. Allianz writes several different fixed index annuities, differing mainly based on the index and other investment details: These allow the investor to select where they’d like to see the money invested; these annuities do involve some risk and can result in losses. As of year-end 2015, Allianz held more than $7.5 billion in equity. Glassdoor has 236 Allianz Life Insurance Company of North America reviews submitted anonymously by Allianz Life Insurance Company of North America employees. By having this important coverage, you can help to ensure that your loved ones won’t need to face financial hardship in the event of the unexpected. Large companies that are based in other countries often face something of an uphill battle when it comes to the American market. Moody’s A1 rating is their fifth-highest out of 21 possible ratings. The Pro+ policy has a number of fees associated with it: There is also a 10-year decreasing surrender charge. Like a standard universal life product, the Pro+ has a cash accumulation account, but as a fixed index policy the growth of that product is tied to an index that can be selected based on the financial needs of the policyholder. In spite of having their headquarters bombed during the Second World War, Allianz survived those difficult years and moved their operations to Munich after the war left Germany divided. One of these is the lifetime option, which will pay out an income for the remainder of the individual’s life, regardless of how long that may be. Those in search of traditional life insurance, especially term coverage, will need to look elsewhere, as Allianz doesn’t write that type of insurance. Increasing death benefit that includes the issued amount along with the total of the cash accumulation account, which grows over time based on the options selected. © 2020 Good Financial Cents®. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. All insurance rates, products, and services are presented without warranty and guarantee. Apart from life cover, it offers health protection, return of premiums and more options through riders. Allianz Life offers different products, including fixed and variable annuities and life insurance. Dynamic Balance Index ll, the S&P 500 Index, or a blended index that includes the Dow Jones Industrial Average (DJIA), the Barclay’s Capital U.S. Term life. The first is Fidelity Investments. Original review: Oct. 1, 2019. Jeff is an Iraqi combat veteran and served 9 years in the Army National Guard. We aim to be your first stop for insurance questions and to save you money on your insurance with our free policy quotes from the trustworthy companies in our nationwide network of insurance providers. Enter your ZIP code above to get a FREE insurance quote today. The decades following the war saw enormous growth and expansion, with offices established in multiple countries and acquisitions of a number of companies around the world, eventually bringing Allianz into the ranks of the world’s biggest players in the insurance game. Get free quotes now! All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. There are a few reasons for that. There are two index strategies as well as a variety of investment options. This can be especially beneficial if your loved ones count on you for some or all of their financial support. The more quotes you compare, the more chances to save. All written content on this site is for information purposes only. A monthly insurance cost charge that is based on the policyholder’s class (age, gender, health status), A monthly expense charge, also based on the policy class, A blended index comprised of Dow Jones, Barclays, EURO STOXX, and Russell 2000. Claim settlement ratio of life insurance company provided by the IRDAI is helps us to find better life insurance company to insure. They also include greater growth potential than some other annuities. Fixed Index Annuities – A fixed index annuity offers returns that are based on an underlying market index. One company that ranks highly in this area is Allianz. 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