Allianz Life Insurance Company was founded in 1896 and is based in Minneapolis, MN. They carry an “A” (excellent) rating with A.M. Best. A.M. Best is the industry benchmark for financial strength in the life insurance industry.
Allianz Life Insurance Company offers life insurance in all 50 states. Currently their North American life insurance division has $98 billion in assets. They offer individual life insurance policies as well as joint and other forms of life insurance.
One of the most popular products that Allianz life insurance sells is the fixed index universal life insurance. They offer two main life insurance policy types, Allianz Life Pro+ Fixed Index Universal Life and Allianz Life Pro+ Survivor. Both of them are similar, but each has a few distinct characteristics that set them apart from a lot of other life insurance plans.
These plans are an income-tax-free death benefit that can give your family plenty of coverage if something tragic were to happen to you. After the loss of a loved one, a lot of families find that the insurance policy is drastically lowered because of taxes. When dealing with the emotional stress of having to lose someone close to you, the last thing you want is to be stuck with bills that you can’t pay for.
Another important factor about these policies is that they also accumulate a cash value. Like most universal life policies, the longer that you pay monthly premiums into the plan, the more cash value that they will accumulate. This cash value is an added benefit if you ever need to take a loan on versus the cash value, which can be beneficial for any financial emergencies.
One of the major advantages of their plans is the availability. You can apply for an Allianz Life Pro+, which allows anyone under the age of 80 to apply. You are never too old to look for adequate life insurance coverage.
These plans give you some options in choosing your death benefits. They have three different options, level, increasing, or return of premium. The level option is the payout will be the specific amount that was listed on the policy when you purchased it. Increasing will be that amount plus the accumulation value. Return of premium is the amount plus any premiums that you have paid into the policy. Allianz understand that life changes, and so do your life insurance needs, they allow you to change the death benefit as coverage and family changes.
Before you make your final life insurance purchase decision though, we recommend looking into some other company reviews as well, such as our reviews on Zander Insurance, Primerica Life Insurance and United Home.
Life Insurance and Why It Matters
Allianz offers excellent products that provide affordable life insurance to customers across the United States. While it’s important that you find the perfect company, it’s even more important that you have adequate life insurance. These policies are the best purchase that you can make for you and your loved ones.
Life insurance is an essential life net that you can’t afford to miss out on. If you are like the majority of Americans, you will leave behind thousands and thousands of dollars in debt if you were to pass away tomorrow. More than likely you would leave your loved ones with mortgage payments, car payments, credit card bills, and much more. If something tragic were to happen to you and you were to pass away, your family would not only find themselves dealing with emotional pain but also financial strain. The bills piling up can quickly make the difficult situation a thousand times worse for the grieving family.
How Much Life Insurance Do You Need
After you decide that you need life insurance and what type of policy you’re going to get, the next decision is determining how large of a policy you’re going to purchase. This is one of the most important parts of the life insurance purchasing process.
The goals of life insurance are to pay off any final expenses as well as replace any financial loss that your loved ones would experience. So the first place to start is to calculate all of your debts. Make sure that you add up all of your mortgage, car payments, funeral expenses, and any future debts that you could have in the future (you can always increase your coverage later if you need to).
The other factor that goes into your life insurance coverage is replacing your income. If you have family members that rely on your income, then it’s important that you have enough life insurance to give them the resources they need replace your salary. There is no “perfect number” that you should aim for, but most financial experts suggest getting around ten times your annual salary.
Allianz and Life Insurance Company Review
Allianz Life Insurance Company has provided quality insurance products for decades. In most cases, life insurance is much more affordable than applicants think. If you have ever been denied life insurance from a company, don’t assume that you can’t get the coverage that you and your family deserve. The best term life insurance companies like Allianz and many others work to give life insurance to applicants in all forms of health and ages.
Even if you have health complications like diabetes, we can find a company that will give you the perfect policy for your needs. Don’t let your health keep you from getting the protection and peace of mind you want.