Allianz's Whole Life Insurance: What You Need To Know

Allianz Life Insurance Company of North America, also known as Allianz Life, is an American life insurance company owned by German global financial services group Allianz. The company is a leading provider of retirement solutions, including fixed and variable annuities and life insurance for individuals. Allianz Life has been in operation since 1896 and is committed to helping Americans achieve their retirement income goals. They offer a range of products, such as fixed and variable annuities and life insurance policies, through a vast network of agents across the United States, excluding New York. With a presence in over 70 countries and a workforce of more than 150,000 employees, Allianz SE, the parent company of Allianz Life, is a prominent global financial services organisation.

Allianz Life Insurance Company of North America

The company offers a range of innovative products that provide financial protection and guaranteed retirement income. Allianz annuities provide a dependable income stream during retirement, with potential for accumulation and tax-deferred growth. The company's life insurance policies offer a death benefit for loved ones that is generally income-tax-free, along with flexible premium options, the opportunity to earn indexed interest, and access to cash value. Allianz also offers buffered ETFs through Allianz Investment Management LLC, which help protect retirement portfolios from market drops and provide equity exposure with growth potential.

In addition to its financial products, Allianz Life Insurance Company of North America prioritizes its employees and the community. The company offers a creative and collaborative working environment with competitive compensation and benefits, including tuition reimbursement, an employee stock purchase plan, and a generous retirement savings plan. Allianz supports organizations that promote long-term financial security through education and advocacy, and has invested $1.8 million in four local organizations in the Twin Cities community to increase equitable access to economic opportunities.

Allianz Life Insurance Company of New York

Allianz Life Insurance Company of North America has been in the business of providing life insurance and retirement solutions to Americans for over 125 years. Allianz is part of Allianz SE, a global financial services group founded in 1890 with over 124 million customers in 70 countries. Allianz Life Insurance Company of New York (Allianz Life of NY) is a subsidiary of Allianz Life Insurance Company of North America. Allianz Life of NY values the confidence that consumers have in its products and recognises the responsibility that comes with that confidence. The company is committed to helping consumers prepare for their financial future with solutions and products that fit their financial objectives.

Allianz Life of NY offers a range of products, including the Allianz Index Advantage+ New York™ Variable Annuity. Allianz annuities provide dependable retirement income and can also offer accumulation potential and the opportunity for tax-deferred growth. Allianz life insurance offers a death benefit for loved ones that is generally income-tax-free. In addition, policyholders get flexible premium options, the opportunity to earn indexed interest, and access to their cash value.

Buffered ETFs from Allianz Investment Management LLC, a subsidiary of Allianz, can help hedge retirement portfolios from market drops. They offer a downside buffer against market swings and offer equity exposure with growth potential, up to a cap. Allianz is committed to its customers for the long term and maintains consistently high ratings. The company has a long history of keeping its promises, investing for long-term results, and providing innovative products that give financial protection and guaranteed retirement income.

Allianz's fixed and variable annuities

Allianz offers fixed and variable annuities to help address your unique financial needs and retirement goals. Annuities are a financial product that can help address some common financial concerns, from helping you save for retirement and providing a level of protection for your retirement savings to helping address inflation and longevity. Allianz annuities can provide dependable retirement income and also give you accumulation potential, plus the opportunity for tax-deferred growth.

Fixed Annuities

Allianz is a leading provider of fixed index annuities, which grow your savings based on the performance of a market index, like the S&P 500, the BlackRock iBLD Claria® Index, the Bloomberg US Dynamic Balance Index II, or the PIMCO Tactical Balanced Index. Allianz offers seven different fixed index annuities, each with its own unique features and benefits. For example, the Allianz Benefit Control option provides a bonus on premiums paid over the first 18 months and the option to start collecting income right away, while the Allianz 222 option pays a bonus on your initial deposit and future interest earnings.

Variable Annuities

Allianz does not sell standalone variable annuities but instead offers registered index-linked annuities (RILAs), which combine features of a fixed index annuity with a variable annuity. RILAs give you the opportunity to invest in different market indexes with varying formats of return, offering the potential for uncapped growth. While RILAs have some limits on losses, they are safer than traditional variable annuities. Allianz offers five different RILAs, with minimum deposit requirements of either $5,000 or $10,000.

Allianz's global presence

Allianz is a global financial services group with a presence in over 200 countries and territories. The company has deep roots in Western, Northern, and Southern Europe, and is one of the leading international insurance companies in Central and Eastern Europe, as well as the Asia Pacific region. With different emphases, Allianz is also present in America and Africa. Overall, Allianz has around 150,000 employees in more than 70 countries, and services over 85 million customers in 70 countries. Allianz Partners, a global leader in travel insurance and assistance services, has over 19,800 employees spread across 44 countries, and works with more than 69,000 service providers to provide 24/7 assistance to its clients and customers.

As a leading provider of financial services, Allianz offers a range of products and solutions, including retirement solutions such as fixed and variable annuities, and life insurance for individuals. The company's global footprint and diverse range of services enable it to cater to the needs of customers around the world, providing them with financial security and peace of mind.

Allianz's employee benefits

Allianz offers a range of employee benefits to support both their work and personal lives. The company prioritises employee wellbeing, offering a hybrid and flexible work arrangement so that employees can make time for their life outside of work. They also offer 12 paid holidays and 20 days of annual paid leave, increasing with years of service. Allianz also provides a 7.5% company match with full vesting after three years, as well as high- and low-deductible plan options with no waiting period.

In terms of health and wellness, Allianz provides a range of insurance options, including a flexible spending account (FSA), disability insurance, accidental death and dismemberment insurance, a health savings account (HSA), occupational accident insurance, and supplemental life insurance. They also offer financial and retirement benefits, such as an employee stock purchase plan, an equity incentive plan, supplemental workers' compensation, and a 401(k) plan with a company match of up to 8.5%.

Allianz also supports employees in their career development and offers an apprenticeship program, as well as professional development opportunities. The company promotes an environment where employees can develop themselves according to their talents and aspirations, whether that means becoming an expert, a member of the managerial staff, or a multidisciplinary project manager.

Additionally, Allianz values diversity and inclusion and has employee networks that give individuals a sense of community and a chance to connect with colleagues based on shared identities or experiences. They also have an employee network specifically for LGBTQ+ employees and their allies, which aims to provide a platform for raising awareness, promoting mutual respect, and establishing a network of experts within the Allianz Group.

Overall, Allianz offers a comprehensive suite of employee benefits designed to support the wellbeing, career development, and financial security of its employees.

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