Allianz Life Insurance Review

Allianz may be a feasible alternative for consumers seeking life insurance with an investing component due to its emphasis on retirement and income planning. It may not be suitable for all clients due to the insurer’s restricted product range. This Allianz Life Insurance Review may be quite beneficial in resolving any questions you have regarding the coverage.

Allianz Details

  • 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
Allianz Life Insurance Review - Allianz Life Insurance Logo

Pros and Cons of Allianz Life Insurance

Pros

  • Face values that are really high
  • Calculator to determine financial fortitude in life insurance promotions

Cons

  • There is no online application for this post.
  • There are only a limited amount of products available.
  • A brief window of opportunity for the client to get service.
  • In New York, term policies are not available.

Allianz life insurance rates

The cost of insurance premiums varies by state, product, and rate class. According to Allianz, universal life insurance will never cost less than $25 per month or $300 per year. Nonsmokers who are young and healthy might obtain the greatest discounts since they are not exposed to the health concerns associated with smoking. Calculate your premiums by contacting an Allianz sales representative or using the site’s Life Insurance Calculator.

How to get a quote from Allianz life insurance?

The only method to obtain insurance is to contact an agent.The only method to obtain insurance is to contact an agent.

  1. Phone. Call 800-950-5872 weekdays from 8 a.m. to 5 p.m. CT.
  2. Email. Use our Contact Us page to send a secure message. When submitting an email, check the ‘I wish to acquire Allianz goods’ box to ensure it is routed to the relevant department.

What happens next?

Your application will be allocated to an agent. They’ll typically contact you within two business days to discuss the next steps.

What types of life insurance coverage does Allianz offer?

Allianz’s life insurance products represent the company’s commitment to retirement and income planning. Rather than selling products directly, it provides term and universal life insurance through brokers located throughout the country.Allianz’s life insurance products represent the company’s commitment to retirement and income planning. Rather than selling products directly, it provides term and universal life insurance through brokers located throughout the country.

Term life

Banner Life Insurance Company produces and underwrites a life insurance policy called Term Pro+. This insurance provides coverage for ten, fifteen, twenty, twenty-five, twenty-five, or thirty years. While the policy is operational, premiums will remain unchanged, and users will be covered until they reach the age of 95.

It is feasible to obtain insurance coverage with a monetary face value of $5 million.

How long you can buy depends on your age and health status:

  • Between the ages of 20 and 65, you can pick between a ten-, fifteen-, or twenty-year plan.
  • Smokers and nonsmokers between the ages of 20 and 60 can enroll in 25-year plans.
  • Insurance policies are offered to smokers and non-smokers between the ages of 20 and 55.

When a term insurance policy expires, you have three options: upgrade to permanent coverage, purchase another term, or allow the policy to lapse. The policy is $60 per year, and Term Pro+ is not available in New York.

Universal life

Each index-linked, cash-value-building fixed universal life insurance policy is available in two distinct sizes.

  • Pro+ Elite Fixed Index Universal Life Insurance. This option includes a tax-free death benefit, and certain index allocation selections also include an interest incentive. As a result, you may be in a better position to accumulate riches more quickly. If your policy has a sufficient cash value, you can borrow against it and get the death benefit under the Chronic Illness Accelerated Death Benefit and Terminal Chronic Illness Accelerated Death Benefit Riders.

Additionally, you may change your premium payments as required with this coverage.
You must be under the age of 80 to qualify for insurance. The death benefit is variable between $100,000 and $65 million.

  • Pro+ Survivor Fixed Index Universal Life Insurance. Fixed Index Pro+ Survivor Universal Life Insurance, like term life insurance, protects two lives, frequently spouses. When both policyholders die, this policy pays a death benefit; however, you may add the First-to-Die Rider to provide a death payment for the first policyholder to die.

Both of you must be between the ages of 30 and 80 to qualify for this coverage. You may get as little or as much as you like in death benefits. The minimum is $200,000.

What riders can I add to my policy?

The following riders can be added to your insurance policy to modify your coverage:

  • Rider for expedited death benefit payout (included with base policy)
  • Riders under the age of eighteen
  • Premium-rider-returning customers with critical illness insurance
  • A rider who also happens to be their spouse
  • Long-term rider

Allianz life insurance reviews and complaints

Since 1972, the Better Business Bureau has recognized and evaluated Allianz, indicating the company’s future ability to pay claims. Although customers have awarded Allianz low marks for customer satisfaction, it’s critical to remember that these ratings apply to the firm as a whole, not only to its annuities and retirement planning departments.

How does Allianz protect my data?

Allianz encrypts personal information from beginning to end. Additionally, it monitors client accounts for unusual requests or transactions and delivers monthly statements to policyholders for review.

About Allianz

Allianz SE, the world’s sixth largest asset manager, controls 100% of Allianz Life Insurance Company, a wholly owned subsidiary. From its headquarters in Germany, the banking behemoth serves 85 million clients worldwide.

Allianz has been active in the United States for the last 120 years. It is headquartered in Minneapolis and provides life insurance and retirement planning services. It is well-known for its conservative, diversified investment strategy. As a consequence of this prudent strategy, rating agencies such as A.M. Best, Moody’s, and Standard & Poor’s have continuously assigned the firm a favorable financial rating.

Allianz may be a feasible alternative for consumers seeking life insurance with an investing component due to its emphasis on retirement and income planning. It may not be suitable for all clients due to the insurer’s restricted product range.

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

Checkout our review of AIG Life Insurance Review for another  insurance review.

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