Facts, Reviews & Ratings
Visit the Allianz Website to learn more:
- Emphasis on both Fixed & Variable Annuities
- 1,200,000 Clients
- Employs over 155,000 people worldwide
- Over 100,000 independent agents
- Serving Clients since 1896
- Second largest insurer worldwide
- Second largest money manager
- Twentieth Largest Company Worldwide
- A Rating with AM Best
Founded in 1896 and based in Minneapolis, Allianz Life Insurance Company of North America (Allianz) provides annuities, and life insurance policies in the United States. Known for innovation, performance, and customer service, the company has become a leader in the North American life insurance industry. Allianz products are offered through a network of independent financial professionals. The company is part of Allianz SE, a global financial services group that is ranked number 20 on the Fortune Global 500 list of the world’s largest corporations, based on revenue (August 2009). Allianz SE employs nearly 155,000 people worldwide. 1
Today, Allianz Life and its subsidiaries form a large, successful company known for its innovation and performance. Allianz Life is rapidly taking its place as a leader in the North American life insurance industry. Allianz Life offers an extensive portfolio of value-added wealth management products, including fixed and variable annuities, universal life insurance, and long term care insurance for individuals. The company offers individual insurance products through over 100,000 independent agents, registered representatives and other financial professionals nationwide. 1
Allianz experienced a backlash against their Annuity division at the turn of this century which culminated in several law suits and an expose in 2008 on dateline. The lawsuits centered around individual agents and groups of agents targeting senior adults typically between the ages of 75 to 85 years old selling Allianz annuities that were not suitable for their retirement needs. Allianz has since become an industries best practices leader with strong suitability guidelines that limit agents in the sale of annuities to senior adults.
Additionally as a result of earlier criticisms Allianz has launched an almost entirely new line of annuities that are innovative and consumer friendly. Several of the new generation of annuities Allianz has introduced are designed for the younger retirees and pre-retirees.