Allianz Life
Allianz Life, the US arm of Munich-based Allianz SE, is the #6 annuity seller in America — but it's an indexed-annuity house. It sells no immediate annuities; guaranteed income at Allianz comes through riders on deferred products.
Products Offered
Allianz Life offers 2 annuity product types. For help understanding the differences, see our types of annuities guide.
About Allianz Life
Allianz Life traces to 1896, when it was founded in Minneapolis as North American Casualty; Germany's Allianz SE acquired it in 1979 and renamed it in 1993. Today it operates from Minneapolis as a wholly owned subsidiary of Allianz SE, the Munich-based global giant serving 97+ million customers — and its agency ratings are excellent: AM Best A+, S&P AA (a grade higher than most US annuity peers), and Moody's Aa3.
In LIMRA's 2025 rankings Allianz was the #6 individual annuity seller in America at $22.5 billion — nearly all of it in two categories: fixed indexed annuities ($11.7 billion, #2 nationally behind Athene) and registered index-linked annuities, where it runs second behind Equitable. For years Allianz was the #1 FIA seller in America; Athene took that crown on 2025 full-year data.
Financial Strength Ratings
| Rating Agency | Rating | What It Means |
|---|---|---|
| AM Best | A+ (Superior) | Second-highest of AM Best's 16 ratings — affirmed March 2026 |
| S&P Global | AA (Very Strong) | Third-highest S&P rating — higher than most US annuity carriers — affirmed March 2026 |
| Moody's | Aa3 | Fourth-highest of Moody's 21 ratings — affirmed September 2025 |
Allianz Life Immediate Annuities (SPIA)
Allianz Life does not sell a single premium immediate annuity. Its current lineup is entirely deferred: fixed indexed annuities (the Allianz 222, 360, Benefit Control, Accumulation Advantage, and Core/Essential Income 7 series) and Index Advantage+ registered index-linked annuities. It is absent from LIMRA's payout-annuity rankings entirely.
Guaranteed lifetime income at Allianz comes through income riders attached to those deferred products — a legitimate strategy, but a different one: you typically wait years before income starts, and the products carry surrender periods and more moving parts than a SPIA's fixed monthly check. If you searched 'Allianz annuity' wanting immediate guaranteed income, the direct comparison you need is a SPIA from carriers that sell them — see our current rate tables.
Key Strengths
- S&P AA rating — higher than most US annuity carriers
- #6 US annuity seller ($22.5B in 2025); #2 in fixed indexed annuities
- Backed by Allianz SE, one of the world's largest financial groups
- Low complaint rate relative to its size per NAIC data
Honest Considerations
For an immediate-annuity shopper, Allianz simply isn't a direct option — it's an indexed-annuity specialist. Its products reward buyers seeking market-linked growth with downside protection, but they involve caps, participation rates, surrender periods, and rider fees that make them fundamentally more complex than a SPIA. Worth knowing historically: in 2007–2008 Allianz settled suitability-related actions over indexed-annuity sales to seniors (including a $10 million multi-state settlement) — old news that predates modern suitability rules, but part of why we encourage buyers to compare simple guaranteed-income products alongside indexed ones.
Best For
Buyers considering indexed annuities for deferred, market-linked growth — and for SPIA shoppers, understanding why Allianz won't appear on an immediate-annuity quote.
Frequently Asked Questions
Does Allianz sell immediate annuities?
No. Allianz Life's current lineup consists of fixed indexed annuities and registered index-linked annuities only — no SPIAs. Guaranteed lifetime income at Allianz comes through optional income riders on those deferred products. Shoppers wanting immediate guaranteed monthly income should compare SPIA rates from carriers like New York Life, MassMutual, Pacific Life, Nationwide, and Lincoln Financial.
Is Allianz Life financially strong?
Yes — Allianz Life holds an A+ (Superior) from AM Best, AA from S&P (third-highest, and higher than most US annuity peers), and Aa3 from Moody's. It is a wholly owned subsidiary of Allianz SE, the Munich-based global insurance group.
What is Allianz best known for in annuities?
Fixed indexed annuities. Allianz was America's #1 FIA seller for roughly two decades (Athene overtook it on 2025 sales), and its Allianz 222 has been one of the best-selling annuity products in US history. These are deferred growth products, not immediate income products.
What are Allianz Life's financial strength ratings in 2026?
As of 2026, Allianz Life of North America (often typed "Alliance annuity" by searchers) holds an A+ (Superior) from AM Best — the agency's second-highest of 16 ratings, affirmed March 2026 — plus AA (Very Strong) from S&P Global and Aa3 from Moody's. Those marks place Allianz among the strongest annuity issuers in the US market.
What are Allianz Endurance Plus and Endurance 15?
Endurance Plus and Endurance 15 are fixed indexed annuities from Allianz's older product generations; today's retail lineup centers on its current fixed indexed and registered index-linked (RILA) contracts. If you already own one, your contract keeps the terms it was issued with — check a current statement or Allianz directly for values. If you're comparing new guaranteed-income options instead, an immediate annuity pays a fixed monthly check for life; see our current SPIA rate table for what $100,000 buys today.
What are Allianz annuity rates in 2026?
Allianz's rates are caps, spreads and participation rates on its fixed indexed and RILA products — growth potential, not a guaranteed monthly payout. Allianz does not sell a single premium immediate annuity, so there is no Allianz SPIA payout rate. For guaranteed lifetime income, compare the monthly figures on this page from the A-rated carriers that do quote SPIAs, updated monthly.
Compare Carriers That Do Sell Immediate Annuities
Since Allianz Life doesn't offer a SPIA, here's where to see current guaranteed-income payouts from A-rated carriers that do — updated monthly.
See Current SPIA Rates →What a $100,000 Immediate Annuity Pays in Our Tables
Allianz Life does not sell a single premium immediate annuity, but if guaranteed lifetime income is what you are after, here is what $100,000 buys a 65-year-old from the 8 A-rated carriers we publish, in our rate tables as of October 1, 2026:
| Age 65, per $100,000 | Best of the 8 carriers we publish |
|---|---|
| Man, single life | $693/mo |
| Woman, single life | $658/mo |
| Couple, 100% to survivor | $608/mo |
Single life (or joint, 100% survivor) with a 5-year period certain, income starting next month. The man's figure is read at a surveyed age in an earlier round, then repriced. The woman's figure is derived from each carrier's own ratio to its men's quote at surveyed ages, then repriced. The couple's figure is derived by ratio, then calibrated to a direct same-age joint quote (both spouses 66) from the latest round. Guarantees rest on the issuing insurer's claims-paying ability.
Source: LifeAnnuities.us quote surveys run for real clients. 54 base survey runs received and 52 used for pricing (July 14 to September 14, 2026), checked against 7 new survey runs (September 18 to 29, 2026): 1 of 8 published carriers repriced, 7 held. Joint figures at ages 65 and 70 are calibrated to a direct same-age joint quote. Single life or joint (100% to survivor), 5-year period certain, per $100,000. How we build these figures.
- See the payout for your premium: $100,000 · $250,000 · $500,000 · $1,000,000
- Rates at your age: 60 · 65 · 70 · 75 — and the month-over-month SPIA Payout Index
- Life only vs. cash refund vs. period certain: how each payout option changes the check
- Buying with IRA or 401(k) money? What changes (and what doesn't)
Should You Choose Allianz Life?
Allianz Life is a strong choice if you value financial stability — their A+ rating indicates superior financial strength. With 130 years in business, they have a proven track record of meeting their obligations to policyholders.
However, we always recommend comparing rates from multiple carriers. A carrier with a slightly lower brand profile may offer a meaningfully better rate for your specific age and situation. The rate tables above make it easy to compare Allianz Life against 7 other A-rated carriers.
View all 8 carriers we track, or compare current rates side by side.
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