There's more to Allianz Life than life. The subsidiaries and affiliates of Allianz Life Insurance Company of North America (Allianz Life) offer a range of insurance, investment, and savings products to individuals throughout the US. Allianz Life boasts a network of more than 100,000 independent agents and financial planners selling such products as life insurance, variable and fixed life annuity products, and long-term care insurance. It offers mutual funds and other broker-dealer services through its Questar Capital affiliate. Allianz Life operates in New York through its Allianz Life Insurance Company of New York unit. Allianz Life became a subsidiary of Allianz SE in 1979.
Allianz Life is a market leader in the sales of fixed annuities through independent agents in the US. The company, which is headquartered in Minneapolis, Minnesota, sells insurance and annuities in all states except New York.
Sales and Marketing
The company is looking to boost its distribution of variable annuity products through new alliances with major and regional banks. Allianz Life is also seeking to cater to the fairer sex by tailoring financial and investment products to women.
The company has big plans to take advantage of the nation's aging population. In anticipation of unprecedented numbers of retiring workers looking for investment options, Allianz Life commissioned a study to highlight what it expects will be the largest intergenerational wealth transfer in history (and an opportune time to market retirement products) as workers retire or begin handing over investments to the next generation.
Recently, the company launched its Allianz 365iSM Annuity and Income Maximizer Rider, a new FIA (fixed index annuity).
Allianz Life is a subsidiary of Allianz SE.
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