Ranked as a Best Annuity Company of 2025
Allianz Life
Key Company Metrics
AM Best Rating: A+ (Superior)
Years in Business: 129 Years
Direct Premiums Sold: $23.1 billion
Product Availability: Fixed index, benefit control, and registered index-linked annuities
“Innovative indexed products with strong digital tools, Allianz blends growth and protection.”
– Annuity.org Agent Poll Insight
Allianz Life Product Types & Features
Allianz Life primarily offers fixed index annuities and registered index-linked annuities (RILAS). The company provides a strong variety of options in each category, with different products corresponding to different goals.
Allianz Life Fixed Index Annuities
Allianz Life offers a diverse lineup of fixed index annuities tailored to different retirement needs — from maximizing accumulation to covering core living expenses. Each option provides growth potential tied to market indexes with downside protection, plus features that can be customized to match your income and liquidity preferences.
Benefit Control® Annuity
Addresses one of the most common annuity concerns — liquidity — by offering more access to your funds. For those over 50, withdrawals can start right away, making it function similarly to an immediate annuity. Includes an income multiplier benefit, which can allow you to double your annual maximum withdrawal if you’re in a hospital, nursing home, or assisted living facility.
Who It Works Best For: Retirees and pre-retirees who want more flexibility in accessing funds without giving up long-term income potential.
Allianz 222® Annuity
The Allianz 222 Annuity increases income the longer you hold the contract, with built-in bonuses and credits that can significantly boost future payouts. It offers two ways to secure a bonus, two ways to increase income, and two ways to collect a death benefit.
Who It Works Best For: Buyers willing to defer income for greater long-term payout potential and don’t need retirement income for at least 10 years.
Allianz 360® Annuity
The Allianz 360 Annuity rewards patience by increasing income the longer you wait to withdrawal your funds. Starting at age 40, before you begin withdrawals, you’ll receive a lifetime income withdrawal increase. You can also expect an interest bonus with a 105% credit of interest that will be applied to your contract.
Who It Works Best For: Savers who want the option to grow guaranteed income over time.
Core Income 7® Annuity
The Core Income 7 Annuity is designed to help cover essential retirement expenses, with predictable income streams and core coverage benefits. It offers two options for lifetime income withdrawals, including an income increase opportunity. There’s also an index lock, which can allow you to secure a positive income value during the crediting period.
Who It Works Best For: Retirees looking for a stable, reliable income source to cover ongoing living costs.
Essential Income 7® Annuity
The Essential Income 7 Annuity covers necessary expenses, with guaranteed income and simplified features for straightforward retirement planning. Beginning at age 45, it automatically increases your annual withdrawal percentage until you start making withdrawals. You can choose from two options: guaranteed income for the rest of your life or the opportunity for income increases any time your specific allocation collects interest.
Who It Works Best For: Buyers who want a no-frills income solution for essential needs.
Retirement Foundation ADV® Annuity
The Retirement Foundation ADV Annuity provides guaranteed income through an advisory platform, offering flexible growth and payout options. The optional Income Benefit rider increases withdrawal percentages while the immediate income option allows you to begin collecting income as soon as you buy your contract, as long as you’re at least 50
Who It Works Best For: Investors working with advisors who want income certainty paired with professional guidance.
Accumulation Advantage® Annuity
The Accumulation Advantage Annuity prioritizes growth by focusing on accumulation rather than income, making it an option for those earlier in retirement planning. You can take advantage of the MY (multi-year) point-to-point credit method to potentially enjoy greater accumulation over a longer period of time. The Index Lock feature ensures a positive index credit, regardless of market conditions.
Who It Works Best For: Savers aiming to maximize growth potential before transitioning to income withdrawals later.
Comparison of Allianz FIAs
| Product | Main Benefit | Key Features | Best Fit |
|---|---|---|---|
| Benefit Control +® Annuity | Greater access to funds | Liquidity flexibility, immediate withdrawals for 50+, death benefit access before maturity, 25% premium bonus (first 18 months), impairment doubler | Retirees wanting flexible access to funds with strong income features |
| Allianz 222® | Income increases over time | Bonuses and credits to boost long-term payouts, rewards for deferring income | Buyers focused on maximizing future guaranteed income |
| Allianz 360® | Higher income the longer you wait | Flexible income start date, growth incentive for deferral | Savers wanting more control over when to begin income |
| Core Income 7® | Covers core retirement expenses | Stable, reliable income for ongoing needs | Retirees who need predictable coverage for essential expenses |
| Essential Income 7® | Focuses on essential expenses | Guaranteed income with simplified design | Buyers wanting a no-frills essential income solution |
| Retirement Foundation ADV® | Guaranteed income through advisory platform | Access via financial advisor, tailored growth and payout strategies | Clients working with advisors who want income certainty |
| Accumulation Advantage® | Growth-focused accumulation | Index-linked growth potential, no focus on immediate income | Savers prioritizing growth before transitioning to payouts |
- If you want flexible access to your money with strong income features, consider Benefit Control® Annuity.
- If you want income that grows the longer you wait, consider Allianz 222®.
- If you want to delay withdrawals to maximize payout size, consider Allianz 360®.
- If you need a stable source of income to cover ongoing essential expenses, consider Core Income 7®.
- If you want a straightforward plan focused solely on essential expenses, consider Essential Income 7®.
- If you prefer working through an advisor and want income certainty, consider Retirement Foundation ADV®.
- If your priority is accumulating value before starting income, consider Accumulation Advantage®.
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Allianz Life Registered Index-Linked Annuities (RILAs)
In addition to its fixed index annuities, Allianz Life offers several registered index-linked annuities designed to balance growth potential with downside protection. While the lineup is smaller than its fixed index offerings, these products still provide multiple ways to tailor your retirement strategy.
Allianz Index Advantage+℠
The flagship RILA, offering multiple term lengths and protection levels. Choices include three-year and six-year terms with a 10% or 20% buffer for three years, and a 10% buffer for six years. One-year terms with access to a broader range of indexes are also available.
Who It Works Best For: Investors seeking flexible term options and multiple index choices with defined downside protection.
Allianz Index Advantage+ NF℠
The Allianz Index Advantage+ NF variation of the Index Advantage+℠ with no product fee. Maintains similar index and term structure without added cost. Allows you to customize your allocations with various index options to accommodate different needs and risk tolerances.
Who It Works Best For: Buyers looking for a lower-cost RILA option without sacrificing core features.
Allianz Index Advantage ADV®
Designed for the advisory market, offering one-year and three-year terms through a financial advisor platform. Includes a death benefit during the accumulation phase plus an optional income benefit, which offers consistent, level, or increasing income potential to meet your unique needs.
Who It Works Best For: Clients who prefer to work directly with a financial advisor for ongoing portfolio management.
Index Advantage+ Income℠
Combines RILA growth potential with an income benefit rider, providing guaranteed lifetime income in addition to index-linked growth. You can choose from two income payout options: level income or increasing income
Who It Works Best For: Pre-retirees and retirees who want lifetime income protection with the flexibility of index-linked returns.
Index Advantage Income ADV®
An advisory platform version of the Index Advantage+ Income℠, available in one-year and three-year terms. Automatically includes the income multiplier benefit and two choices for collecting income, including level income and increasing income.
Who It Works Best For: Investors working with advisors who want both lifetime income and professional portfolio oversight.
Comparison of Allianz RILAs
| Product | Term Options | Index Choices | Key Features | Best Fit |
|---|---|---|---|---|
| Allianz Index Advantage+℠ | 1, 3, or 6 years | Multiple, varies by term | 10% or 20% buffers (3-year), 10% buffer (6-year), flexible term structure | Investors seeking multiple index choices and defined downside protection |
| Allianz Index Advantage+ NF℠ | 1, 3, or 6 years | Multiple, varies by term | Same as Index Advantage+℠ but with no product fee | Cost-conscious buyers wanting full RILA features |
| Allianz Index Advantage ADV® | 1 or 3 years | Multiple | Advisory platform version with streamlined options | Clients working with a financial advisor |
| Index Advantage+ Income℠ | 1, 3, or 6 years | Multiple | Includes income benefit rider for lifetime income | Buyers wanting index growth plus guaranteed lifetime income |
| Index Advantage Income ADV® | 1 or 3 years | Multiple | Advisory platform version of Index Advantage+ Income℠ | Advisor-managed clients wanting income and growth |
- If you want flexible term lengths and multiple index options with downside protection, consider Allianz Index Advantage+℠.
- If you want similar features but without a product fee, consider Allianz Index Advantage+ NF℠.
- If you prefer working through an advisor and want streamlined term options, consider Allianz Index Advantage ADV®.
- If you want lifetime income protection combined with index-linked growth, consider Index Advantage+ Income℠.
- If you want the advisory platform version of Index Advantage+ Income℠, consider Index Advantage Income ADV®.
Buy an Annuity From Allianz Life Today
Customer Satisfaction and Complaint History
Allianz Life holds strong financial strength ratings from three major credit rating agencies, signaling long-term stability and the ability to meet its obligations to policyholders.
Advisors praise the company’s broad product lineup. “They essentially have an option for everything that you could want — a product for every outcome,” says licensed agent Jonathan Varner. David Lau, CEO of DPL Financial Partners, calls Allianz “a great partner” that invests in making its products usable and attractive for RIAs.
In the J.D. Power 2024 U.S. Individual Annuity Study, Allianz scored 657, above the industry average but below some competitors. Its NAIC Complaint Index is favorable, indicating fewer complaints than expected for its market share.
NAIC Complaint Index for Allianz Life
| Individual Annuities Only | 0.82 |
These numbers indicate that Allianz Life has received fewer complaints than the industry average.
Allianz Life primarily offers fixed index annuities and registered index-linked annuities (RILAS). The company provides a strong variety of options in each category, with different products corresponding to different goals.
Allianz Life is a major player in the insurance business but is only a small part of the global reach of its parent company and financial conglomerate Allianz SE. Allianz Life offers leading fixed index annuities with contract options and features to meet nearly any investor’s needs. With a history dating back to its 1896 founding, Allianz has both the financial strength and experience to provide reliable options for investors.
Stephen Kates, CFP®Principal Financial Analyst for Annuity.orgStephen Kates, CFP® is a personal finance expert specializing in financial planning and education. He serves as the Principal Financial Analyst for Annuity.org, where he delves into industry trends to support consumers and financial advisors on wealth management, annuities, retirement planning, and investing.
Manage Your Allianz Annuity Online
Allianz Life’s secure online account portal makes it simple to view your contract details, monitor performance, and manage your annuity anytime, anywhere. Logging in is the fastest way to stay up to date on your policy and make the most of your retirement plan. You can also access your account through the Allianz mobile app, available for both iPhone and Android devices.
Log into your account using the button below or connect with customer service at 800-950-5872.
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