Annuities, Life Insurance, and Asset Management | Allianz Life (2024)

FAQs

How long does it take Allianz to pay out? ›

Upon receipt of the completed claim form packet and certified death certificate, the Allianz Claims department will evaluate your claim within 10 business days (or within applicable state requirements). Depending on the option selected, payment will be sent to the beneficiary.

With Annuity Alliance, you can access a national network of reputable annuity professionals who share in our mission of educating consumers and providing unbiased information regarding annuities. We have the privilege of working with some of America's most experienced agents and financial professionals.

Allianz 222® Annuity may be a good choice if you want flexibility and don't need retirement income for at least 10 years. It offers two ways to get a bonus,¹ two ways to get an income increase, and two ways for your beneficiaries to receive the death benefit.

You can withdraw up to the amount you've paid in premiums without paying taxes on the funds. Withdrawals will reduce the death benefit. Take out a loan. A life insurance policy loan allows you to borrow money from your life insurance policy.

There are four ways to get the cash from your policy while you're still alive: borrow, withdraw, surrender, or sell. Before you decide to draw cash from your policy, be sure you understand the pros and cons of your decision.

Depending on the incident and type of cover you have, we may organise to repair or replace your car, or pay out your claim. We finalise your claim, to help keep you moving.

Submit your claim.

You may also call 1-866-884-3556 to get the ball rolling over the phone. Either way, you'll want to have all your plan information at hand. After successfully submitting your request, you'll receive an email confirmation and a list of needed documentation to complete processing your request.

Allianz Global Assistance makes it simple. You can file a claim on the phone, by mail, online or using the TravelSmart app. Describe what happened, explain your losses, and upload supporting documentation, such as your travel itinerary and receipts. Then, choose how you want to receive payment for an approved claim.

MassMutual is our pick for the best annuity company because it has an incredibly secure financial foundation.

For most annuity types, the fear of actually losing your principal is minuscule. The main risk to this would be the rare situation where the company that issued your annuity goes bankrupt or shuts down. But, even in this situation, state guaranty associations would likely offer coverage and help you recoup that money.

Can you pull money from your annuity? ›

An annuity is a contract between you and an insurance company where you make one or more contributions and then you can elect to take withdrawals or guaranteed annuity payments after you retire.

Allianz is a financially secure company with high customer satisfaction ratings for its annuities. Allianz has the longevity common among top annuity companies, having started in 1896. It specializes in fixed index annuities and has an impressive selection of these products.

Finally, Allianz 222 Annuity gives you two death benefit options. Your beneficiary(ies) can receive the full accumulation value as a lump sum (this option doesn't include any bonuses). Or, they can receive the PIV – including the premium and interest bonuses – in payments over a minimum of five years.

For a full refund of your premium, you must cancel within 15 days of your plan purchase (depending on your state of residence) and must not have filed a claim or departed on your trip. Premiums are non-refundable after this period.

Can you cash out a life insurance policy before death? If you have a permanent life insurance policy that has accumulated cash value, then yes, you can take cash out before your death.