Customer Feedback For Allianz
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When we contacted Allianz, they told us they have no present term life insurance policy to offer consumers. They don't work directly with the consumer, and referred me to an agent. The company doesn't seem to specialize in one area, but does life, annuities and long term care insurance.
Recommending Allianz' "Future Care Select" policy by John Kirby
I work with Allianz now and love it. by Deborah
Allianz AG, founded in 1890 in Germany, is an insurance group that
provides 60 million people in 70+ countries with property, casualty, life & health insurance and portfolio or asset management.
North American Casualty Company was started in 1896 and is now
Allianz Life Insurance Company of North America, in operation
for over 100 years.
Many agents give this company high marks for claims, support, direct customer service and competitive annuity rates.
Ways to reduce your life insurance premiums
- Keep the policy where the survivors can find it. Millions of dollars of unclaimed life insurance benefits go unclaimed every year
- Get more than one independent life insurance agent to help you, then choose between them. They will reduce your shopping time, help you with the application and keep each other honest
- 90% of all term life plans are canceled. Make sure that you can afford life insurance premium payments for the duration of the policy
- If you have a health history, ask the agent to do a preliminary application, so you aren't declined
- The life insurance transaction could be reported to the MIB or Medical Information Bureau, so discuss with your agent what you put on the application
- If you are older and have a medical history or want a substantial amount of life insurance, the company will almost certainly require your doctors records
- Cancel your old life insurance policy only after you have been approved by a new company
- After for reconsideration after one year of non smoking. Get life insurance quotes elsewhere if you stopped smoking and the old company won't reconsider your premium
- Make sure the policy is not annual renewable, choose level premiums, especially if you have a long time to go
- Only buy life insurance if you need it (If your family would lose their home without your income)
- If both spouses work, both should have life insurance to replace their own income
- Think carefully before buy life insurance for kids, they have no income and little debt
- Buy a face amount of several times your annual income.
- Stick with term life insurance unless you need coverage past 75
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Consider whole life insurance if you have an estate tax problem or want to pay for a funeral
- Shop term life insurance on the internet
- Try not to have many different life insurance policies on yourself, because of annual fees, billing, etc.
- Read your policy when it arrives. You have usually a 30 day right of refusal if you find something you didn't know about in the application.
- Discuss what your plan is at the tend of the term policy with your agent, if you are going to renew or convert to a whole life product. ALso find out how much it will be to increase the face amount
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