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  • Written By
    Jennifer Schell

    Jennifer Schell

    Financial Writer

    Jennifer Schell joined Annuity.org in 2022. She is a professional writer with more than three years of experience creating content for a variety of industries ranging from travel to tax accounting. She combines her strong writing skills and her passion for educating others to write engaging and informative financial content for Annuity.org.

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  • Edited By
    Savannah Hanson
    Savannah Hanson, financial editor for Annuity.org

    Savannah Hanson

    Senior Financial Editor

    Savannah Hanson is an accomplished writer, editor and content marketer. She joined Annuity.org as a financial editor in 2021 and uses her passion for educating readers on complex topics to guide visitors toward the path of financial literacy.

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  • Financially Reviewed By
    Timothy Li, MBA
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    Timothy Li, MBA

    Business Finance Manager

    Timothy Li, MBA, has dedicated his career to increasing profitability for his clients, including Fortune 500 companies. Timothy currently serves as a business finance manager where he researches ways to increase profitability within the supply chain, logistics and sales departments.

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  • Updated: December 19, 2022
  • 4 min read time
  • This page features 7 Cited Research Articles
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How to Cite Annuity.org's Article

APA Schell, J. (2022, December 19). Allianz Life. Annuity.org. Retrieved January 30, 2023, from https://www.annuity.org/annuities/providers/allianz-life/

MLA Schell, Jennifer. "Allianz Life." Annuity.org, 19 Dec 2022, https://www.annuity.org/annuities/providers/allianz-life/.

Chicago Schell, Jennifer. "Allianz Life." Annuity.org. Last modified December 19, 2022. https://www.annuity.org/annuities/providers/allianz-life/.

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Annuity.org has provided reliable, accurate financial information to consumers since 2013. We adhere to ethical journalism practices, including presenting honest, unbiased information that follows Associated Press style guidelines and reporting facts from reliable, attributed sources. Our objective is to deliver the most comprehensive explanation of annuities and financial literacy topics using plain, straightforward language.

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We pride ourselves on partnering with professionals like those from Senior Market Sales (SMS) — a market leader with over 30 years of experience in the insurance industry — who offer personalized retirement solutions for consumers across the country. Our relationships with partners including SMS and Insuractive, the company’s consumer-facing branch, allow us to facilitate the sale of annuities and other retirement-oriented financial products to consumers who are looking to purchase safe and reliable solutions to fill gaps in their retirement income. We are compensated when we produce legitimate inquiries, and that compensation helps make Annuity.org an even stronger resource for our audience. We may also, at times, sell lead data to partners in our network in order to best connect consumers to the information they request. Readers are in no way obligated to use our partners’ services to access the free resources on Annuity.org.

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About Allianz Life

Allianz Life was originally founded as North American Casualty in 1896. It was acquired by the German corporation Allianz in 1979, and in 1993 the company’s name was changed to Allianz Life Insurance Company of North America.

The company is a subsidiary of the German financial services group Allianz SE, which is the world’s fifth-largest asset manager and the third-largest insurance company.

According to their website, Allianz Life’s mission is “We secure your future,” and their vision is “Living your life with confidence.” The company’s main business line is providing retirement solutions such as annuities and life insurance for individuals.

Did You Know?
Current Allianz Life annuity holders can contact the company directly via their customer service phone number:

800-950-5872

Credit Ratings

Credit ratings, also called financial strength ratings, offer consumers insight into the financial stability of an annuity provider. These scores are issued by independent credit rating agencies.

If you’re interested in purchasing an annuity, it’s a good idea to investigate the ratings of the company you’re looking at before you buy. The higher the rating, the more you can trust that the insurance company can uphold its end of an annuity contract.

Allianz Life holds strong ratings from three of the most respected credit rating agencies in the country: AM Best, Moody’s and Standard & Poor’s Global.

Allianz Life Credit Ratings
Credit AgencyRating
AM BestA+
Moody'sA1
Standard & Poor’sAA
Source: Allianz Life

Annuities Offered by Allianz Life

Allianz Life’s annuity offerings help customers fulfill their unique financial needs and retirement goals. The company sells two types of annuities: fixed index annuities and index variable annuities.

Fixed Index Annuities

The first type of annuity offered by Allianz Life is the fixed index annuity (FIA) product line. These insurance products accumulate interest on an initial lump sum before converting that lump sum into a stream of guaranteed income. This makes FIAs useful for customers who are hoping to build long-term savings.

The growth of an FIA is tied to the performance of one or more equity market indexes during the accumulation period of the annuity. But, if the market underperforms, the annuity won’t lose any value. This type of annuity usually does have a cap on how much you can earn, so the annuity won’t get the full benefit of an especially strong market year.

Allianz Life provides seven distinct FIA products.

Allianz Life Fixed Index Annuity Products
  • Allianz 222®
  • Allianz 360SM
  • Allianz Accumulation Advantage®
  • Allianz Benefit Control®
  • Core Income 7®
  • Essential Income 7®
  • Retirement Foundation ADV℠

Index Variable Annuities

In addition to fixed index annuities, Allianz Life also offers what they call index variable annuity (IVA) products. These products carry a bit more risk than the fixed index annuities because the value of the annuity is fully tied to market performance, rather than just the interest the annuity can earn.

However, index variable annuities can offer a greater potential for growth than fixed index annuities because the IVA’s earnings are not capped in the same way the FIA’s are. Because of this, IVA products are better suited to customers who can weather a higher level of risk in exchange for the potential to grow their savings even more.

With options for different market indexes the contract can be tied to, Allianz Life’s five types of IVA products allow annuity holders to customize the investments in their annuity’s portfolio.

Allianz Life Index Variable Annuity Products
  • Allianz Index Advantage®
  • Allianz Index Advantage ADV®
  • Allianz Index Advantage Income®
  • Allianz Index Advantage Income ADV℠
  • Allianz Index Advantage NF®
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Client Resources

In addition to selling annuity products, Allianz Life sells life insurance policies. On the company’s website, you can find instructional videos and articles as well as planning tools and calculators, all aimed at helping people understand the complex personal finance issues that come with retirement planning.

For those who wish to dive deeper into these topics, Allianz Life provides an online research library. Here, you’ll find historical white papers for consumer research studies commissioned by Allianz. The white papers discuss subjects such as the challenges of the current retirement landscape and strategies for successful retirement income.

If you have an annuity with Allianz Life, you can log into your account at:
Allianz Life's Account Login Page

 

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Any information offered about the company above is provided free of charge and individual product offerings are verified and accurate as of publication.

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Last Modified: December 19, 2022
Written By
Jennifer Schell Headshot
Jennifer Schell Financial Writer
  • National Merit Scholar
  • Bachelor’s degree in English – creative writing from UCF
  • Over three years of experience in content writing and marketing strategy
View Bio
Edited By
Savannah Hanson, financial editor for Annuity.org
Savannah Hanson Senior Financial Editor
View Bio
Financially Reviewed By
Timothy Li, MBA Headshot
Timothy Li, MBA Business Finance Manager
View Bio

7 Cited Research Articles

Annuity.org writers adhere to strict sourcing guidelines and use only credible sources of information, including authoritative financial publications, academic organizations, peer-reviewed journals, highly regarded nonprofit organizations, government reports, court records and interviews with qualified experts. You can read more about our commitment to accuracy, fairness and transparency in our editorial guidelines.

  1. Allianz Life. (2022, August 5). Allianz Achieves 3.5 Billion Euros Operating Profit in 2Q. Retrieved from https://www.allianz.com/en/press/news/financials/business_results/220805_Allianz-2Q-2022-earnings-release.html
  2. Allianz Life. (n.d.). About Us. Retrieved from https://www.allianzlife.com/about
  3. Allianz Life. (n.d.). Contact Us. Retrieved from https://www.allianzlife.com/contact-us
  4. Allianz Life. (n.d.). Financial Ratings. Retrieved from https://www.allianzlife.com/about/financial-ratings
  5. Allianz Life. (n.d.). Fixed Index Annuities. Retrieved from https://www.allianzlife.com/what-we-offer/annuities/fixed-index-annuities
  6. Allianz Life. (n.d.). Historical Research and White Papers. Retrieved from https://www.allianzlife.com/get-answers/research
  7. Allianz Life. (n.d.). Index Variable Annuities. Retrieved from https://www.allianzlife.com/what-we-offer/annuities/index-variable-annuities