This Annuity Review is on the Allianz 360 Annuity. The purpose of this review is to show you where Allianz 360 Annuity is strong and where it has weaknesses so that you can make an informed decision, considering all available facts.
- Product type
- Fees
- Investment options that are available and their Realistic long-term investment return expectations
- Understanding the income rider
- How it can best help you as part of your financial plan
Allianz 360 Annuity Quick Facts
| Product Name | Allianz |
| Issuer | Allianz Life Insurance Company |
| Type of Product | Fixed Indexed Annuity |
| Standard & Poor’s Rating | “AA” (Very Strong) |
| Phone Number | 888-266-8489 |
| Website | www.Allianzlife.com |
Allianz 360 Annuity in detail:
Annual admin fee: 1.20% of daily net assets
Free Withdrawal fee: Up to 10% annually
Surrender charges:
| Contract years | 1,2,3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11+ |
| Withdrawal Charge | 10% | 8.75% | 7.50% | 6.25% | 5% | 3.75% | 2.50% | 1.25% | 0% |
There are a few ways that Agents might pitch this product.
- Provides lifetime income plus increasing payout options
- Principal protection
- Potential indexed interest
- Guaranteed minimum value
- 360 Benefit rider gives you a credit bonus of 25% on the accumulation gains gathered along the years
- Tax deferred principal growth
- Allows you to turn on income any time you want
Is any of this true?
The Allianz 360 Annuity is definitely strong when it comes to the potential the annuity has to deliver over time. It has unique features that most annuities in the industry don’t have.
The Allianz 360 Annuity has After the interest rate for an allocation is determined, it is multiplied by the Interest Bonus Factor of 25% to determine the Bonus Interest Rate. Interest is then credited to the Accumulation Value in that allocation at the Bonus Interest Rate. The interest bonus is credited every year that the annuity contract is credited with either fixed or indexed interest, until the 360 Benefit is either taken as lifetime withdrawals or annuity payments
It also provides Lifetime Withdrawals that may be started based on the lifetime withdrawal percentage. Lifetime Withdrawals reduce the annuity contract’s Accumulation Value and Guaranteed Minimum Value, but they can continue for life after the Accumulation Value is equal to zero. When Lifetime Withdrawals begin, a lifetime withdrawal percentage is calculated based on the person’s age at the time the annuity contract was purchased, the number of years elapsed before beginning Lifetime Withdrawals, and the applicable payout percentage based on the payout option chosen. The lifetime withdrawal percentage is then multiplied by the greater of the Accumulation Value and the net premium to calculate the initial amount that can be paid each year. This is the Annual Maximum.
There are two payout options available with the 360 Benefit:
Option 1 provides predictable, dependable income payments for life. Option 2 provides income payments for life – plus the opportunity for payment increase.
Option 2 offers a smaller payment up front, but it has the potential to increase each year by the interest rate credited to the chosen allocation options for the prior year. On every contract anniversary, the annual Maximum withdrawal will be recalculated to reflect any positive changes in the chosen allocations.
Before we go into detail, here is an important legal disclosure.
This review of the Allianz 360 Fixed Annuity is an independent review at the request of readers. Intended to explain my perspective when breaking down the positives and negatives of this model annuity. This is an independent product review, not a recommendation to buy or sell an annuity. Allianz Life Insurance Company has not endorsed this review in any way, nor do I receive any compensation for this review. Before purchasing any investment product, be sure to do your own due diligence. Consult a properly licensed professional, should you have specific questions related to your circumstances. This review is not intended to give specific advice. Your adviser may know more about your circumstances to make an appropriate recommendation. All names, marks, and materials used for this review are property of their respective owners.
Information about Allianz Life Insurance
Allianz Life Insurance Company of North America is based on Minneapolis, they provide annuities and life insurance products in the United States in all states except for New York. In New York, annuities and life insurance products are offered by Allianz Life Insurance Company of New York.
Allianz Life Insurance Company of North America is based on Minneapolis, they provide annuities and life insurance products in the United States in all states except for New York. In New York, annuities and life insurance products are offered by Allianz Life Insurance Company of New York.
Allianz Life offers various products, including fixed and variable annuities and life insurance. These products are offered through a network of more than 100,000 agents nationwide. provides annuities and life insurance products in the United States in all states except for New York. In New York, annuities and life insurance products are offered by Allianz Life Insurance Company of New York.
You can learn more about this from: https://www.allianzlife.com/
What are the minimum guarantees for the Allianz 360 Annuity?
The 360 Benefit gives you a guaranteed increase in your lifetime withdrawal percentage while you’re still saving for retirement. Beginning at age 40, it will automatically increase your contract’s lifetime withdrawal percentage with each year you wait to begin Lifetime Withdrawals.
What type of Performance can I expect from the options inside the Allianz 360 Annuity?
The most recent performance for the Allianz 360 Annuity including the 360 Benefit rider over the last 10 years has averaged a 6.69% annualized credited rate. Rates are defined as caps, spreads, participation rates, and the fixed rates are based on index allocations you’ve chosen, for this annuity, assets where allocated in a constructed blend of the Bloomberg US Dynamic Balance II ER Index, the Bloomberg US Dynamic Balance Index II, the PIMCO Tactical Balanced ER Index, and the S&P 500® Index Monthly Sum. These hypothetical values show what would happen if the stated indexes earned indexed interest using current participation rate plus interest rate bonus.
The cap can change at the end of each crediting period, but it will never be less than 0.25%. To have an understanding of what a cap means in an annuity, we can simulate a scenario where the return of an index is 10% but the annuity has a cap of 3%, hence the annuity return that you will receive is 3%. This is a very common modality for fixed index annuities.
The spread for this annuity can change at the end of each crediting period, but it will never be greater than 12%. The spread is basically a fee that is subtracted from the total gain of the fixed index return, it means that if the return for that year is 10% and the spread fee is 3% then the gain credited to the annuity will be 7%.
Where it works best:
- Offers lifetime payout that can increase with the index.
- Guaranteed lifetime income.
- Looking for conservative growth and want to have a guarantee on their principal over a 10-year investment.
- Allows you to turn on the lifetime income anytime you want
Where it works Worst:
- Higher cap rates.
- For those not looking for guaranteed lifetime income
Overall view and opinion of the Allianz 360 Annuity
There Allianz 360 definitely fills a role for principal protection but there may be better annuities In the Allianz Fixed indexed Annuity lineup to meet you goals. It’s important to understand the pros and cons of this annuity versus others in the market.
Have Questions on Allianz 360 Annuity? Have any comments?
Do you have any questions that you can’t seem to find the answer here on our website? [You can send us your questions here via our Free Annuity Help contact form]. Do you understand what you need to before buying? Watch one of our free online annuity videos to educate yourself more on annuities.
Purchasing an annuity is often an irreversible decision and usually you will have high surrender fee’s if you decide to change your mind after you buy it.
We hope you found it helpful as you’re conducting your own research on the Allianz 360 Annuity.
All the best,
AnnuityEdu.com