Any time you consider purchasing a high ticket product or service, it can be helpful to see how that item has performed for other people who have already purchased it. The same holds true for financial products such as annuities. Below we uncover some recent Allianz annuities complaints for the Allianz 222 annuity.
In fact, even more so, because for most people, buying an annuity can require handing over a large chunk of your retirement savings. The annuity that you choose can also ultimately determine how much income you’ll receive in the future – which in turn, can end up dictating your lifestyle in retirement.
Even in a perfect world of products or services, there will still be at least a few people who aren’t happy. But, in the case of the Allianz 222 annuity, there seems to be more than just a select few complaints.
Take a quick peek at some of the most recent Allianz 222 annuity complaints through Consumer Affairs:
Doesn’t sound like these people had quite the experience that was painted for them by the product’s literature, the Allianz website, and likely by their financial advisor.
Unfortunately, when people are presented with annuity products by a commissioned salesperson, the representative will often time focus a tad bit more on the highlights of the annuity, while at the same time, conveniently leaving out most (or all of) the potential drawbacks that it may have.
How the Allianz 222 Annuity is Rated
Based on the more than 100 reviews that have been received by Consumer Affairs for the Allianz 222 annuity, this product has been rated at just under 2 stars out of five. In fact, this annuity actually received 46 1-star reviews from customers. That’s not a good sign.
Sure, information that you find on various websites could be skewed in order to make it look any way the website owner wants it to. But, the reviews and complaints that are offered on the Consumer Affairs site are actually verified – in fact, as of late April 2017, the Consumer Affairs website has a total of more than 736,000 verified reviews.
In verifying these reviews, Consumer Affairs requires the individual to provide their contact information in order to ensure that the reviewer is real. In addition, Consumer Affairs also uses intelligent software that helps the company to maintain the integrity of the reviews that it receives.
To take a look at all of the 100+ Allianz 222 annuity complaints and consumer reviews via Consumer Affairs, just simply go here.
Want an Unbiased Explanation of the Allianz 222 Annuity?
Annuity details can be somewhat cumbersome to digest. This is particularly the case with indexed annuity products like the Allianz 222, as they tend to have a lot of “moving parts”.
This seemingly endless stream of annuity “fine print” can often times lead to the complaints that are received about annuities – because customers will find it hard to comprehend (which is how some of the annuity companies want it), or they take a look at the pages and pages of small print and decide to skip over it altogether and end up basing their decision solely on what their financial advisor told them.
Rather than basing your decision on a long list of Allianz 222 annuity complaints, or conversely, only on the rosy picture that a commissioned salesperson has provided you with, contact us and we will walk you through this annuity, how it really works, and how it may or may not work for you.
The Annuity Gator
P.S. We included a few more related links to the Allianz 222 below that you might find useful:
- Allianz 222 Annuity Statement of Understanding
- Barclays U.S. Dynamic Balance Index ll
- Independent, Objective Review of the Allianz 222 Annuity – [July 2019 Update]
P.P.S If you would like to read more of our Allianz annuity reviews here’s some links to check out:
- Allianz MasterDex X with Simple Income Rider Annuity
- Allianz MasterDex X Index Annuity
- Allianz Retirement Pro Variable Annuity
- Allianz Vision Variable Annuity
- Allianz Life 360 Annuity
- Allianz Life Core Income 7 Annuity
- Allianz Life Allianz Endurance Plus Annuity
- Allianz Master Dex 10 Annuity