Allianz Life Insurance Company Of North America Reviews
Allianz Life Insurance Company Of North America Overview
The generated data is based on reviews and questionnaires provided by PissedConsumer.com users.
Recent recommendations say AVOID. Consumers report low satisfaction, citing high price levels and repeated problems with withdrawals and annuity terms.
Positive Feedback
Some long-term policyholders retain contracts and note accumulation value increases, though outcomes vary by product.
Negative Feedback / Risk Areas
- Frequent Allianz Life Insurance Company Of North America reviews mention long delays obtaining funds and hard-to-reach customer service.
- Many Allianz Life customer complaints focus on billing, withdrawal processing, and unclear annuity terms.
Key Takeaways for Future Customers
- Verify annuity details and surrender values before purchase and confirm timelines for withdrawals.
- Be prepared for potential customer service delays and document all communications for refunds or disputes.
The generated data is based on reviews and questionnaires provided by PissedConsumer.com users.
Recent recommendations say AVOID. Consumers report low satisfaction, citing high price levels and repeated problems with withdrawals and annuity terms.
Positive Feedback
Some long-term policyholders retain contracts and note accumulation value increases, though outcomes vary by product.
Negative Feedback / Risk Areas
- Frequent Allianz Life Insurance Company Of North America reviews mention long delays obtaining funds and hard-to-reach customer service.
- Many Allianz Life customer complaints focus on billing, withdrawal processing, and unclear annuity terms.
Key Takeaways for Future Customers
- Verify annuity details and surrender values before purchase and confirm timelines for withdrawals.
- Be prepared for potential customer service delays and document all communications for refunds or disputes.
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Verified Reviewer
Unable to Receive Partial Withdrawal
- - Two weeks for partial withdrawal from a 22-year fixed annuity with excuses.
- - Signature mismatch; tech issue with no payout date; complaints filed.
For 2 weeks have been trying to receive a partial withdrawal from a 22 year fixed annuity and all we get is excuses. AVOID Allianz Life.
First, they said signature did not match; now they say there's a tech issue with no date as to when they will send us our money. We filed complaints with BBB and States Attny.AVOID
- Unable to get money back
Preferred solution: Deliver product or service ordered
User's recommendation: AVOID
Minneapolis, Minnesota
DON'T BUY FROM ALLIANZ LIFE
- - I am a long-time policy holder.
- - Funds have not been released after 60 days.
- - There were extended hold times and call drops.
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
Preferred solution: Deliver product or service ordered
Allianz Life Insurance Company Of North America - Annuity Review
- - Promised a 10-year annuity with 7% returns; it's a 30-year plan with 0% after year 10; staff were rude; don't buy.
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!
Fort Lauderdale, Florida
Allanz Life of North America
- - Two paid-up annuities with the company.
- - Invested $14,000 ten years ago.
- - Surrender value $24,716.78; acc. value $27,142.63; seeks guidance.
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
- Decieving me in presentation
Preferred solution: Full refund
You basically doubled your accumulation over a 10 year period? If you would have played the stock market, it could have been better but it could have been a lot worse.
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Same here.
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