How about Allianz Life Insurance Company?Credit Evaluation and Product Introduction of Allianz Insurance Company

Strong financial support and the company's consistent pursuit of success have won Allianz Allianz’s A-level ratings from three major international credit rating agencies. AM Best recently upgraded Allianz Life’s rating to "A+," Standard & Poor’s Give Allianz "AA," Moody's even gave Allianz "A1" in the latest evaluation.In 2019,American Life Insurance GuideThe latest Comdex score has been updated. The overall score of Allianz Life Insurance in North America has increased by 4 points to 94 points, and the overall score of Allianz Life Insurance in New York has been 97 points.

According to data released by Allianz North America Life Insurance Company in February 2019, in 2, North America Allianz Life Insurance CompanyThe total assets under management (AUM) is $1380 billion, Of which the premium is $127 billion.In 2018,The total payout amount is $28 billion.

Below is a summary of Allianz Life's ratings:

• AM Best – A+
• Moody's – A1
• Standard & Poor's – AA

(Recommended reading:What do the letters of the company's credit rating mean?How to interpret the company's credit rating?)

The Better Business Bureau has been givingAllianz North American Life Insurance CompanyThe rating, as of June 2019, the files of the Business Promotion Bureau show thatAllianz North American Life Insurance Company In this industry has been deeply cultivated for 123 years.

List of Allianz Life Insurance Products

Allianz Life Insurance is different from most other life insurance companies in that their products focus onFocus on cash value accumulation和Retirement planning, Their life insurance product line is therefore very simple:

• Index insurance / FIUL (product description）
• Term life insurance

Allianz’s main product is theirFixed index life insurance,The English name is:Fixed Index Universal Life , Abbreviated as:FIUL (Product Evaluation).Two flagship products before the end of 2019Allianz Life Pro+和 Allianz Life Pro+ SurvivorThe main goals are twofold:

1. Death compensation
2. Cash value accumulation

The main difference between the two products is that the Survivor policy covers two insurers (mostly couples) instead of one.

Pro+ products are open to applications for customers aged 0-80, with insurance coverage ranging from US$10 to US$XNUMX million.But don't think it is a popular product, this product is mainly used for cash value accumulation.

Allianz's life insurance products have a "10-year continuous guarantee" protection, which means that paying premiums on time for the first 120 months can guarantee that the policy will not be broken during the 10 years.Because this product is not a term life insurance in the usual sense, you need to pay attention to the cost of some insurance policies.These include:

• The monthly management fee of the policy is 5% of the premium
• Monthly management fee of $7.5 per month
• According to your health rating, age and gender, the monthly insurance policy and other expenses will cost two yuan

Like other policies of the same type, Allianz's products can withdraw the cash value of the policy in advance when chronic diseases and terminal illnesses occur.

Other rider options include:

• Inflation protection
• Premium waiver rider 
• Minor rider 
• Capital flow and lending ancillary contract
• Other

In terms of investment, customers can choose from the S&P 500 Index, Barclays US Dynamic Balance Index, and index strategies provided by PIMCO.The client has the right to change the investment strategy once a year.Like all other IUL index universal insurances, be sure to understand the product's investment strategy, participation rate, return limit, and other basic elements before purchasing.

In mid-August 2019,AllianzAllianz started2017 CSO Form, Stopped selling the above two products, and launched a new product after the product line is fully integrated: Allianz Life Pro+ Advantage(Product Evaluation).

>>>Click to visit Allianz Life Pro+ Advantage product introduction and consumer reviews 

Allianz Annuity Insurance Product Introduction

Allianz provides a wealth of annuity insurance product lines, from common index annuities, structured annuities, to securities annuities, suitable for the various needs of policyholders with different risk tolerances, and the following is a specific list:

• Allianz 222 Annuity (Product Evaluation）
• Allianz Benefit Control Annuity (Product Evaluation）
• Allianz 360 annuity
• Allianz Accumulation Advantage® Annuity
• Allianz Core Income 7® Annuity
• Allianz Essential Income 7® Annuity
• Allianz Index Advantage Variable Annuity
• Allianz Index Advantage Income® Variable Annuity
• Allianz Index Advantage Income ADV℠ Variable Annuity
• Allianz Index Advantage NF® Variable Annuity
• Allianz Index Advantage ADV® Variable Annuity

Term life insurance

After 2020, Allianz chose to focus more on the management of asset-managed index insurance policies.No longer provides Allianz brand term life insurance.

Allianz Life Insurance offers the option of term life insurance,The Term Pro+, However, it should be noted that this product is not underwritten by Allianz Life Insurance.

Term Pro+ term life insurance contracts are underwritten by Banner, a subsidiary of Legal & General.Next, I will introduce you some details of Allianz Term Life Insurance in North America:

1. The term provided by this term life insurance is 10 to 30 years
2. Coverage age is20 – 65 years oldBetween, except for those with a coverage period of 25 years and 30 years
3. There are different rating systems for smokers and non-smokers
4. 10-1000 million death compensation insured amount

Like many companies, term life insurance also provides options for pre-mortem benefits.However, customers can only convert term life insurance into whole life insurance during the 2-5 years after the insurance.At this point, Allianz's life insurance is not as flexible as other companies.

This also reflects that Allianz’s focus is on theirRetirement planning ability and asset management ability.Not a guarantee product.

Allianz Group has invested in many online term life insurance brands. A well-known investment case in the industry is that Allianz Venture Capital has invested in an Internet term life insurance brand from California. LadderLife,The company aims to quickly issue term life insurance policies for consumers via the Internet.

Comprehensive evaluation of InsuGuru©️

A trusted brand name,Allianz Allianz Life Insurance CompanyShow us its strong financial strength.

The product line of Allianz Life Insurance is simple and clear, and the business direction is very clear:asset Management.If you are just looking for basic protection and term life insurance products, then Allianz Life is not for you.Allianz’s subsidiaries or affiliated brands, or other companies may be able to provide better rates and a faster underwriting process.

And for those seekingCash value appreciation, retirement planning, asset management,AndPremium loan financingFor this specific user group, Allianz Life's lifetime products provide very good protection and wealth growth space.The product performance and reputation of the American Life Insurance Guide and the index accounts of different institutions are recognized by the industry.

PIMCO's support is the highlight and bonus of Allianz Life Insurance, so policyholders can enjoy first-class asset management services.Allianz Life is also a leader and innovator in the design of exponential insurance products, The original function released in 2019, opened up the possibility for policyholders to actively manage the rate of return.

But on the other hand, it is precisely due to the nature of Allianz Life and the functional characteristics of the policy.Not to provide "basic protection", but to "asset management".So rightLife Insurance Financial AdvisorFor the design of insurance policy schemes, the requirements for professional quality of policy asset management will be higher.

All in all, if our goal is to seek the protection and growth of property, formulate supplementary retirement income plans, or carry out inter-bank insurance premium financing,American Life Insurance GuideWill consider choosing Allianz Life Insurance.