• Written By
    Jennifer Schell

    Jennifer Schell

    Financial Writer

    Jennifer Schell is a professional writer focused on demystifying annuities and other financial topics including banking, financial advising and insurance. She is proud to be a member of the National Association for Fixed Annuities (NAFA) as well as the National Association of Insurance and Financial Advisors (NAIFA).

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  • Edited By
    Savannah Pittle
    Savannah Pittle, senior financial editor for Annuity.org

    Savannah Pittle

    Senior Financial Editor

    Savannah Pittle is an accomplished writer, editor and content marketer. She joined Annuity.org as a financial editor in 2021 and uses her passion for educating readers on complex topics to guide visitors toward the path of financial literacy.

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  • Financially Reviewed By
    Timothy Li, MBA
    Timothy Li, MBA Headshot

    Timothy Li, MBA

    Business Finance Manager

    Timothy Li, MBA, has dedicated his career to increasing profitability for his clients, including Fortune 500 companies. Timothy currently serves as a business finance manager where he researches ways to increase profitability within the supply chain, logistics and sales departments.

    Read More
  • Updated: June 30, 2023
  • 4 min read time
  • This page features 7 Cited Research Articles
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Annuity.org partners with outside experts to ensure we are providing accurate financial content.

These reviewers are industry leaders and professional writers who regularly contribute to reputable publications such as the Wall Street Journal and The New York Times.

Our expert reviewers review our articles and recommend changes to ensure we are upholding our high standards for accuracy and professionalism.

Our expert reviewers hold advanced degrees and certifications and have years of experience with personal finances, retirement planning and investments.

Why Trust Annuity.org
Why You Can Trust Annuity.org
Annuity.org has provided reliable, accurate financial information to consumers since 2013. We adhere to ethical journalism practices, including presenting honest, unbiased information that follows Associated Press style guidelines and reporting facts from reliable, attributed sources. Our objective is to deliver the most comprehensive explanation of annuities and financial literacy topics using plain, straightforward language.

Our Partnerships, Vision and Goals

We pride ourselves on partnering with professionals like those from Senior Market Sales (SMS) — a market leader with over 30 years of experience in the insurance industry — who offer personalized retirement solutions for consumers across the country. Our relationships with partners including SMS and Insuractive, the company’s consumer-facing branch, allow us to facilitate the sale of annuities and other retirement-oriented financial products to consumers who are looking to purchase safe and reliable solutions to fill gaps in their retirement income. We are compensated when we produce legitimate inquiries, and that compensation helps make Annuity.org an even stronger resource for our audience. We may also, at times, sell lead data to partners in our network in order to best connect consumers to the information they request. Readers are in no way obligated to use our partners’ services to access the free resources on Annuity.org.

Annuity.org carefully selects partners who share a common goal of educating consumers and helping them select the most appropriate product for their unique financial and lifestyle goals. Our network of advisors will never recommend products that are not right for the consumer, nor will Annuity.org. Additionally, Annuity.org operates independently of its partners and has complete editorial control over the information we publish.

Our vision is to provide users with the highest quality information possible about their financial options and empower them to make informed decisions based on their unique needs.

About Allianz Life

Allianz Life was originally founded as North American Casualty in 1896. It was acquired by the German corporation Allianz in 1979, and in 1993 the company’s name was changed to Allianz Life Insurance Company of North America.

The company is a subsidiary of the German financial services group Allianz SE, which is the world’s fifth-largest asset manager and the third-largest insurance company.

According to their website, Allianz Life’s mission is “We secure your future,” and their vision is “Living your life with confidence.” The company’s main business line is providing retirement solutions such as annuities and life insurance for individuals.

Did You Know?

Current Allianz Life annuity holders can contact the company directly via their customer service phone number:


Credit Ratings

Credit ratings, also called financial strength ratings, offer consumers insight into the financial stability of an annuity provider. These scores are issued by independent credit rating agencies.

If you’re interested in purchasing an annuity, it’s a good idea to investigate the ratings of the company you’re looking at before you buy. The higher the rating, the more you can trust that the insurance company can uphold its end of an annuity contract.

Allianz Life holds strong ratings from three of the most respected credit rating agencies in the country: AM Best, Moody’s and Standard & Poor’s Global.

Allianz Life Credit Ratings

Credit Agency Rating
AM Best A+
Moody’s A1
Standard & Poor’s AA
Source: Allianz Life

Annuities Offered by Allianz Life

Allianz Life’s annuity offerings help customers fulfill their unique financial needs and retirement goals. The company sells two types of annuities: fixed index annuities and index variable annuities.

Fixed Index Annuities

The first type of annuity offered by Allianz Life is the fixed index annuity (FIA) product line. These insurance products accumulate interest on an initial lump sum before converting that lump sum into a stream of guaranteed income. This makes FIAs useful for customers who are hoping to build long-term savings.

The growth of an FIA is tied to the performance of one or more equity market indexes during the accumulation period of the annuity. But, if the market underperforms, the annuity won’t lose any value. This type of annuity usually does have a cap on how much you can earn, so the annuity won’t get the full benefit of an especially strong market year.

Allianz Life provides seven distinct FIA products.

Allianz Life Fixed Index Annuity Products

  • Allianz 222®
  • Allianz 360SM
  • Allianz Accumulation Advantage®
  • Allianz Benefit Control®
  • Core Income 7®
  • Essential Income 7®
  • Retirement Foundation ADV℠

Source: Allianz Life

Index Variable Annuities

In addition to fixed index annuities, Allianz Life also offers what they call index variable annuity (IVA) products. These products carry a bit more risk than the fixed index annuities because the value of the annuity is fully tied to market performance, rather than just the interest the annuity can earn.

However, index variable annuities can offer a greater potential for growth than fixed index annuities because the IVA’s earnings are not capped in the same way the FIA’s are. Because of this, IVA products are better suited to customers who can weather a higher level of risk in exchange for the potential to grow their savings even more.

With options for different market indexes the contract can be tied to, Allianz Life’s five types of IVA products allow annuity holders to customize the investments in their annuity’s portfolio.

Allianz Life Index Variable Annuity Products

  • Allianz Index Advantage®
  • Allianz Index Advantage ADV®
  • Allianz Index Advantage Income®
  • Allianz Index Advantage Income ADV℠
  • Allianz Index Advantage NF®

Source: Allianz Life

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Client Resources

In addition to selling annuity products, Allianz Life sells life insurance policies. On the company’s website, you can find instructional videos and articles as well as planning tools and calculators, all aimed at helping people understand the complex personal finance issues that come with retirement planning.

For those who wish to dive deeper into these topics, Allianz Life provides an online research library. Here, you’ll find historical white papers for consumer research studies commissioned by Allianz. The white papers discuss subjects such as the challenges of the current retirement landscape and strategies for successful retirement income.


If you have an annuity with Allianz Life, you can log into your account at:

Allianz Life’s Account Login Page

About Annuity.org

Annuity.org has provided reliable, accurate and trustworthy financial information to readers since 2013. We partner with professionals like those from Senior Market Sales (SMS), a market leader with over 30 years of experience in the insurance industry, to offer personalized retirement solutions for consumers across the country.

Any information offered about the company above is provided free of charge and individual product offerings are verified and accurate as of publication.

Our partners work with the provider companies mentioned on our site. However, Annuity.org is not a service provider. Actual products, terms and rates offered through the above company are subject to in-state availability and a variety of other factors. Visit the Our Partners page for additional information.

Please seek the advice of a qualified professional before making financial decisions.
Last Modified: June 30, 2023