Allianz Life is headquartered at Golden Valley, Minnesota., Texas and was founded in 1896 as North American Casualty by Henry Little of Minneapolis, Minnesota. In 1910, The company then merged with North American Life Assoc. and became North American Life & Casualty, "NALAC".
NALAC was purchased by Allianz of Munich, Germany, and became part of the Allianz Group. The Allianz Group is worldwide financial services organizations with operations in more than 75 nations. The Allianz Group is currently ranked as the 33rd largest corporation in the world based on revenue. (Forbes Magazine - February, 2018)
In 1993, NALAC was renamed Allianz Life Insurance Company of North America and is now known as Allianz Life.
Allianz Life Benefits Include:
Allianz Life Contracting & Appointment
Allianz Life operates in all 50 states and is regarded by Forbes magazine as one of the “100 Most Trustworthy Companies” in its 2017 listings. Allianz Life and its parent company are publicly traded that employs over 150,000 people and generates over $98 billion in yearly revenues.
My favorite stratgey for the Pro Plus Elite Indexed Universal Life: The Bloomberg Dynamic Balance Index II annual point to point uncapped with 135% participation rate and a 7% crediting rate. The Blended Monthly Average Index uncapped with 155% participation rate is also a great option. 50% in each is also a good strategy. Apples to apples, Allianz shows more death benefit, more income, and a lump sum death benefit. Allianz also has a good chronic illness rider.
Allianz is number carrier for getting cash out of the policy. IULs is all they do. For overfunding and cash accumulation, Allianz is my favorite carrier. There are other IUL carriers I like more for guaranteed death benefit, living benefits, LTC riders, etc. But Allianz is King when it comes to overfunding and pulling out tax free income. Allianz got rid of all of their other products and only offer IUL (now they offer term on Banner Life Paper, so clients can convert to IUL.) Allianz owns PIMCO and they trade more in a given day than most carriers do in a month. Allianz has several uncapped strategies (all of which can be changed on an annual basis).
Allianz has standard load of 2.9%, indexed loan rate of 5%, massive retention limits, hands on personal training (they even put their actuaries on the road). Allianz is totally transparent, and pay good commissions. Client can drop death benefit each year after 2nd year by 25% to a minimum of 100k. Must have minimum target premium payed for 5 years to keep policy in force. Allianz's accelerated underwriting program has streamlined the underwriting process along with their e-apps. Finally, they offer a 15% persistency bonus paid out on day one, contractually guaranteed. For young people looking to build cash and take it out, Allianz is my go to carrier. There is nothing wrong with the other carriers in the industry, but Allianz is my favorite.
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Allianz Life specializes in retirement planning for the upper-middle and upper class markets. Offering various types of life insurance and annuities to secure its clients a comfortable retirement.
Fixed Index Universal Life (FIUL) by Allianz Life »
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