Is Allianz Life a good annuity company?

Allianz Life is rated A+ (Superior) by AM Best and is one of the largest fixed indexed annuity (FIA) issuers in the United States. It pioneered many modern income-rider features and is consistently a top-3 FIA writer by premium.

What annuities does Allianz offer?

Allianz focuses almost exclusively on fixed indexed annuities. Flagship products include Allianz Benefit Control, 222, Core Income 7, and 360. They do not issue traditional MYGA contracts.

How are Allianz's income riders?

Allianz is widely regarded as the gold standard for FIA income riders. Benefit Control offers an 8% guaranteed simple roll-up on the income base — among the highest in the industry — plus flexibility to increase income later in retirement.

Is my money safe with Allianz Life?

Allianz Life of North America is rated A+ (Superior) by AM Best, A+ by S&P, and A1 by Moody's. It's a wholly owned subsidiary of Allianz SE, one of the largest global insurers. State guaranty associations also provide a backstop up to state-specific limits.

Allianz Annuity Review: FIA Rates, Ratings & Income Riders

Allianz Life at a glance

AM Best rating: A+ (Superior)
Parent / structure: Allianz SE (publicly traded, Munich)
Founded: 1896
Headquarters: Minneapolis, Minnesota
Primary lines: Fixed indexed annuities, life insurance

Annuity products

Benefit Control (FIA with income rider)

Flagship income product with an 8% guaranteed simple roll-up on the income base and the flexibility to start, stop, or adjust income payments later.

222 (FIA — accumulation + income)

Popular dual-purpose FIA — accumulation potential during deferral plus a guaranteed income option at activation.

Core Income 7 (FIA — short surrender)

Seven-year surrender schedule (vs. the more common 10) with a guaranteed lifetime withdrawal benefit. Good fit for buyers under 60 wanting earlier liquidity.

360 (FIA — bonus + income)

Premium bonus on initial deposit plus an income rider. Designed for retirement-income planning with a single carrier.

Pros and cons

Pros

✓Industry-leading FIA income riders
✓8% guaranteed roll-up on Benefit Control income base
✓A+ AM Best, A1 Moody's, A+ S&P
✓Backed by global parent Allianz SE
✓Strong innovation in FIA product design

Cons

×No traditional MYGA products
×10-year surrender on most flagship products
×Income riders carry an explicit annual fee (often 1.00–1.25%)
×Cap and participation rates not always the highest in market

Who Allianz Life is best for

Buyers focused on guaranteed lifetime income who want the most flexible, well-engineered income riders available. Allianz is the default benchmark when shopping FIA income products.

See live numbers on the Allianz Life rates page or compare with other carriers on our carriers index. Slug: allianz.

Frequently asked questions

Is Allianz Life a good annuity company?: Allianz Life is rated A+ (Superior) by AM Best and is one of the largest fixed indexed annuity (FIA) issuers in the United States. It pioneered many modern income-rider features and is consistently a top-3 FIA writer by premium.
What annuities does Allianz offer?: Allianz focuses almost exclusively on fixed indexed annuities. Flagship products include Allianz Benefit Control, 222, Core Income 7, and 360. They do not issue traditional MYGA contracts.
How are Allianz's income riders?: Allianz is widely regarded as the gold standard for FIA income riders. Benefit Control offers an 8% guaranteed simple roll-up on the income base — among the highest in the industry — plus flexibility to increase income later in retirement.
Is my money safe with Allianz Life?: Allianz Life of North America is rated A+ (Superior) by AM Best, A+ by S&P, and A1 by Moody's. It's a wholly owned subsidiary of Allianz SE, one of the largest global insurers. State guaranty associations also provide a backstop up to state-specific limits.

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Allianz Life: rates, ratings, and product lineup.