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Independent Review of the Allianz Life Allianz 360 Annuity

What will be covered in this review?

In this review, we’ll cover the following information on the Allianz Life Allianz 360 Annuity:
  • Product TypeAllianz-Logo
  • Fees
  • Current Rates
  • Realistic long term return expectations
  • How It Is Used
  • How It Is Most Poorly Used
Annuities can be complex. That’s where having an Annuity Investigator who loves math comes in. We make the complex, simple.
If you are thinking about the purchase of a financial vehicle that can provide you with index-linked growth and protection of principal, along with a lifetime income in retirement, then the Allianz Life 360 fixed indexed annuity could be a viable option for you. However, prior to moving forward and purchasing this annuity – or any other type of annuity product – it can be helpful for you to have a more in-depth understanding of just exactly how fixed indexed annuities work, as well as how one may or may not fit into your overall financial plans. Throughout the past decade or so, annuities have become progressively more popular as a method of providing a guaranteed income stream during retirement. And because of this, the number of financial professionals who are selling these financial vehicles has also increased exponentially. This, however, is not necessarily a good thing. This is because, even though most insurance agents and financial professionals want to do the best thing for their clients, they may not always be offering you the answers to all of the pertinent questions about these annuities – particularly in terms of the drawbacks that should be considered. In addition, due in large part to the growing popularity of annuity products, the features that can be offered on these have expanded and can make these offerings more difficult to understand – even for well-educated consumers. With that in mind, it is essential that you take the additional steps that are necessary in order to fully understand what it is you’re buying. This is especially the case because the purchase of an annuity may comprise a large chunk of your retirement savings.

Annuity and Retirement Income Planning Information That You Can Trust

If this is your very first time here on our site, we would personally like to welcome you to We are a team of experienced financial professionals who are focused on providing you with in-depth, yet unbiased, annuity reviews. We have been offering these reviews for many years via our website – and because of that, we have become a highly trusted source of information. If you have been in the process of seeking any details about annuities through the Internet, it is probable that you may have come across some conflicting information about these products. That is not entirely surprising, as there are a lot of products out there today, along with a wide array of both facts and opinions about them. You may also have recently attended a seminar where the presenter offered you dinner or lunch and provided you with information about the benefits of purchasing an annuity. In fact, you may even have met with the advisor in person afterward in order to determine whether or not an annuity is right for you. It is possible that in your research, you came across our site. While there are many very good websites that are devoted to marketing their annuity offerings online, some of these have a way of luring visitors in so that you will provide them with your contact information. Some of these sites may even tout claims about their annuities like:
  •    Lowest fees
  •    Highest income payouts
  •    Top Rated Companies
  •    Quick Quotes
  •    Guaranteed Lifetime Income
Even though these claims may sound great before you dive in and purchase an annuity, it is critical that you determine whether or not these claims are actually true – just as you would before purchasing any other high-ticket product or service. In doing so, you may find yourself swimming in a vast array of annuity “fine print” – which in turn, could make your quest for information even more confusing for you. Yet, if you truly want to find out more about the Allianz Life 360 Annuity, then you are in the right place here. In fact, we dare to say that this website that you’ve found yourself on right now is the only place where you can actually find out all of the details about this annuity – which encompasses both the benefits and the drawbacks. This, then, can help you in determining whether or not this specific annuity is right for you. Often, when an insurance agent is offering a fixed indexed annuity to their clients, they will provide you with a nice, rosy picture of how the product provides the opportunity for growth and principal protection – but will also tend to leave out some of the key details regarding the product’s potential drawbacks. So, prior to moving a sizeable portion of your hard earned savings into one of these annuities, it is wise to learn the whole story about them. Just so that we are clear, there can be numerous benefits to owning a fixed indexed annuity – provided that it fits into your overall financial plan, and it provides the opportunity to reach your ultimate retirement income goals. With that in mind, it is not the only key to know just exactly what you are buying, but also why you may be choosing this particular annuity over a long list of other potential options. This annuity review is here to assist you with better understanding all of the small print so that you can have a more clear idea as to whether or not the Allianz Life 360 Annuity will be right for you. So, if you are ready to proceed, let’s go ahead and get started!

Allianz Core Income 7 Annuity

Product NameAllianz Life 360 Annuity
IssuerAllianz Life
Type of ProductFixed Indexed Annuity
Standard & Poor's RatingAA
Phone Number(800) 950-5872

Opening Thoughts About the Allianz Life 360 Fixed Indexed Annuity

Allianz Life Insurance Company was initially founded back in the year 1890. Given this company’s long tenure in the insurance marketplace, it has really built up a strong financial foundation, along with a good, solid reputation for paying out its policyholders’ claims. Today, Allianz serves roughly 82 million clients in more than 70 different countries around the world – and, the company is considered to be one of the strongest financial communities worldwide. Due to its financial strength and stability, Allianz Life has been consistently rated highly by the insurer rating agencies – which includes an AA from Standard & Poor’s, an A+ by A.M. Best Company, and an A2 from Moody’s. Allianz has also been an accredited company with the Better Business Bureau (BBB) ever since 1972, and the BBB has given the company a grade of A+. Given the constant volatility of the stock market throughout the past decade or so, the demand for fixed indexed annuities has continued to grow substantially – in large part because these vehicles allow individuals to obtain a higher possible return, while also keeping principal intact. Yet, even though these benefits can initially sound like the best of both worlds, when something sounds “too good to be true,” it should ideally be checked out – especially as it relates to your retirement savings. In addition, when it comes to buying an annuity, you don’t want to discover the drawbacks of it after you’ve made the purchase, as based on the surrender penalties for withdrawing annuity funds, it could prove to be an expensive mistake.

Before getting into the nitty-gritty details, here are some necessary legal disclosures…

This is an independent annuity product review. It is not a recommendation to purchase or to sell an annuity. Allianz Life Insurance Company has not endorsed this review in any way, nor do we receive any type of compensation for providing this review. This annuity review is meant solely to be an independent review at the request of our readers so that they may see our perspective when breaking down the positives and the negatives of this particular annuity. Prior to committing to the purchase of any type of insurance and/or investment vehicle, it is critical that you do your own due diligence, and that you also talk with a properly licensed professional if you have any questions that relate to your specific situation. All of the names, materials, and marks that have been used in compiling this annuity review are the property of their respective owners. For additional information on how to compare fixed annuities so that you can decide which may be the best one for you, contact us in order to obtain our free annuity report.

How Allianz Life Insurance Company Describes the 360 Annuity

On the Allianz website, the 360 Annuity is discussed in detail, including the 360 benefit rider – which is included at an additional premium cost. As with many other fixed indexed annuities, the Allianz Life 360 can provide you with principal protection during market downturns, as well as potential indexed interest and growth that is tax-deferred. If adding the 360 benefit rider, you can also take the annuity one step further by gaining:
  •    An interest bonus that is equal to 25 percent of the interest that is credited to your annuity contract, until your withdrawals begin
  •    An increasing income withdrawal percentage that begins at age 40
  •    A choice of lifetime income withdrawal options that start at your age 50.

How a Financial Advisor Might “Pitch” this Annuity

The Allianz Life 360 Annuity is a fixed indexed annuity product that can help you with building up your retirement savings through the potential market-linked return, as well as protection of your principal. Plus, as with other types of annuities, this product can also provide you with the tax-deferred growth of the funds in your account. This annuity also can provide you with an ongoing income stream that can last throughout the remainder of your life – regardless of how long that may be. Therefore, you can be assured that you will have an income that will last throughout your retirement years. If an insurance agent has approached you regarding the purchase of the Allianz Life 360 Annuity, then it is likely that they focused in on various benefits of the annuity, such as its guaranteed lifetime income and/or the ability to provide you with growth but without having to endure market losses. In fact, by reading over the bullet points above, you may at initial glance feel that this annuity is the real deal and that it could be the perfect vehicle for you. But, the reality is that, if you are being offered this annuity by a commissioned sales rep, then he or she has likely highlighted the advantages, while also leaving out some – or possibly all – of the product’s drawbacks. So, before you move forward with a purchase, you may find it extremely beneficial to actually read the small print – and when you do you may find that the picture is not quite as rosy as it first sounded. As an example, when looking a bit closer at the 360 Annuity’s fine print, you will find that “bonus annuities may include higher surrender charges, longer surrender periods, lower caps, higher spreads, or other restrictions that are not included in similar annuities that don’t offer a bonus.” In addition, even though you can cancel the 360 benefit rider at any time after the fifth contract year, there is an annual charge for this rider of 1.15 percent of the contract’s accumulation value. If you do end up terminating the 360 benefit rider, it may not be reinstated. Plus, as with many other fixed indexed annuities, even though you may have the opportunity to gain a higher return as compared to a fixed annuity or a CD, the upward movement of the underlying index is typically “capped” at a certain level. This means that if the index being tracked by your annuity has a substantial return in a given year, your return will only be a portion of that. So, while the opportunity for growth and the safety of principal can be nice to have, the reality is that these features can be found on a long list of other fixed indexed annuities, too – and if you are able to find these benefits, while also gaining access to added features, then it may be well worth taking a look at possible alternatives. With that in mind, if you are not 100 percent certain as to whether or not the Allianz Life 360 Annuity is right for you, and you also would like to get answers to additional questions or concerns that you have, feel free to reach out to us here through our secure contact form. We are aware that annuities can be somewhat confusing – and particularly those that have a number of added bells and whistles like the Allianz 360 Annuity. This can be the case, even for well-educated consumers – as well as for some financial advisors. However, when you are attempting to decide what you want to do with a substantial sum of your long-term savings, it is essential that you know just exactly what it is that you’re getting into. If you would like to have any additional information, along with the assurance that you know what it really is that you are purchasing, click here now to download our free report on what you need to know prior to purchasing an annuity.

What About the Fees Associated with the Allianz Life 360 Annuity?

In addition to having a good understanding of how your money may perform in a fixed indexed annuity, it is also key that you know what type of fees you may be assessed, as well as the amount of these charges. This is because fees on a fixed indexed annuity product may be charged to you both during the annuity’s accumulation phase, as well as after you have converted your annuity into an income stream. Just some of these fees may include an up-front sales commission that goes to the agent who sold you the annuity, as well as certain types of contract and/or administration fees. Plus, if you wish to withdraw some or all of your funds from the annuity during the first several years that you have it, you are also likely going to be charged a surrender fee. The surrender charges on the Allianz Life 360 Annuity run for ten years – which is actually quite a long time, even in the annuity arena. According to the Allianz Life 360 Annuity brochure, a surrender charge may also be assessed to you if you begin your income stream prior to the sixth contract year in which you have the annuity. Such charges may result in a loss of previously credited fixed or indexed interest – including the interest bonus – and a partial loss of principal.

The Annuity Gator’s End Take on the Allianz Life 360 Fixed Indexed Annuity

Where it works best: This annuity may work the best for those who are looking for:
  •    Safety of principal
  •    The opportunity for index-linked growth
  •    Guaranteed lifetime income in retirement
Where it works the worst: The Allianz Life 360 Fixed Indexed Annuity may not be an ideal fit for you if you are looking for:
  •    Access to most or all of your money within the first ten years
  •    Do not intend to use the lifetime income feature of the annuity
In order to truly get an idea of whether or not a fixed indexed annuity such as the Allianz 360 is right for you, click here so that you can access our free annuity buyer’s report.

In Summary

There are a number of important factors that should be considered when you are determining whether or not a particular annuity – or any annuity – may be right for you. Regardless of which annuity you choose, though, this type of product should always be considered as a long-term endeavor. Because of that, you should feel confident about how this product may assist you in getting closer to your ultimate financial goals. When you are thinking about the purchase of a fixed indexed annuity, you can be assured that your principal will be safe from a volatile stock market. You can also set up the annuity to provide you with a lifetime stream of income in retirement. With that in mind, you can be secure in that you will have some income coming in for the remainder of your retirement years. When it comes to the Allianz Life 360 Annuity, there can definitely be some nice benefits. But, this annuity could still fall short, and quite frankly, there may well be some better alternatives for you – especially if you are looking for the opportunity to obtain growth, along with a stream of lifetime retirement income. If you still have any questions that have not sufficiently been answered about the Allianz Life 360 Annuity, and / or if you would like to get some additional assistance with how to best narrow down whether or not an annuity is right for you, then please feel free to reach out to us directly through our secure contact form here.

Have Any Additional Questions on the Allianz Life 360 Annuity?

While we do understand that this annuity review of the Allianz Life 360 annuity is quite lengthy, we feel that it is better to give you more information as versus too little. So, if you did happen to find this review beneficial, please feel free to forward and share it with anyone else that you think may also find value from it. In addition, we also know that annuity information can change on a regular basis. So, if you noticed any details in this review that may need to be updated or revised, then please let us know that, and we will be happy to make any of the needed changes here. If this annuity review caused you to be even more confused about how fixed indexed annuities work and/or regarding whether or not the Allianz Life 360 Annuity is the right choice for you – or if the review prompted you to think of any additional questions, please click here and let us know that, too. Are there any other annuities that you would like information on? No problem! If there are, our team of highly knowledgeable annuity pros will get to it and provide more reviews here on our site. In order to let us know about any annuity – or annuities – that you would like more details about, please click here and we’ll get right to it. Best, The Annuity Gator Allianz360

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