DON'T BUY FROM ALLIANZ LIFE

I have been a policy holder of Allianz Life now for over 10 yrs. I have been in need of some of the funds from my accounts now for over 60 days. The company reps continue to promise / guarantee me that they will get my funds sent out yet to date and after FIVE attempts, I STILL DO NOT HAVE MY OWN MONEY! I hope that no one else falls to their scams and that they tell all of their friends what a bad company this is to try and work with. Today I have been on hold for over an hour, hung up on six times, and now back on hold being told that "all representatives are still busy - your estimated wait time is more than 10 minutes (now been 17)" I don't know what it takes to get my money out of this company but I can guarantee you when I do, if ever, get ahold of a human, I will pull ALL OF MY FUNDS and then sue them for the time, frustration, interest, and any penalty that they try to slap me with. This is the worst company I have ever worked with and let me tell you I have worked with many over my 90 years on this planet
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1 comment
#1339421

FOLLOW UP

I FINALLY found someone at the company who was willing and able to that charge of this issue and has finally after 8 weeks managed to solve my issues - THANKS LISA!

However still beware the issue still may be one you might encounter if you work with them

ID
#1059841 Review #1059841 is a subjective opinion of poster.
Location
Minneapolis, Minnesota
Service
Allianz Life Insurance Company Of North America Annuity
Reason of review
making a withdrawal
Loss
$2500
Preferred solution
Deliver product or service ordered

Allianz Life Insurance Company Of North America - Annuity Review

Allianz obtained a large amount of my money that they are holding for a period of 30 years. I have been told that this was a 10 year annuity that would pay 7% per year over the ten year period thus doubling my money during that period of time! Come to find out it is actually a 30 year annuity and after the 10 year initial period The annuity pays 0% interest for the final 20 years of the annuity! The company refuses to make the situation right for me the customer after I was lied to by the salesman! I have one word for anyone who is considering purchasing an Allianz product! The people that I don't with in their corporate office were rude, condescending and totally uncooperative! Just for a historic perspective people should know That Allianz was Hitler's insurance company during World War II! MetLife stadium where the Giants and the Jets play in New Jersey was going to be named Allianz stadium until the powers that be found out about the Hitler connection and probably canceled the contract to name the stadium Allianz Stadium! Do some research about this company before you ever purchase anything from them! If you were still considering buying something from this company my one word of advice would be – DON'T!
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ID
#954409 Review #954409 is a subjective opinion of poster.
Service
Allianz Life Insurance Company Of North America Annuity

Allanz Life of North America

I have (2) paid up Annuity with the above Company. Contract # 7008**** and 97. I put in 14,000.00 ten years ago. They now say that my Surrender Value is $24,716.78 for 999 when the Accumulation Value is $27,142.63. I feel this is a disgraceful amount after 10 years. I would like to find a way of Annuitization of this Contract, but obviously this idea is VOID. Can you advise me on this situation. The $27,142.78 is payment toward my retirement home, which is moot with only small payments. PLEASE, HELP ME. Please. Carol A.Cunningham
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1 comment
#1116687

What kind of return were you looking for? Based on the surrender value, you earned 5.85% per year, not bad considering the hideous crash of 2008. Most people are still licking their wounds from that, trying to get back to where they were in 2007.

ID
#703895 Review #703895 is a subjective opinion of poster.
Location
Plantation, Florida
Cons
  • Decieving me in presentation
Reason of review
Not as described/ advertised
Loss
$27143
Preferred solution
Full refund

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