What is the Allianz annuity lawsuit all about?

According to Allianz annuity lawsuits, Allianz applied a six percent haircut to account funds of purchasers. For those purchasers who failed to meet annuitization requirements (a five year deferral and taking payments out in a period of ten years or more), Allianz allegedly had extremely harsh surrender penalties.

Who is the new CIO at Allianz SpA Italy?

Fabiana Rossaro will become the new CIO and a member of the executive team at Allianz Spa Italy, as well as a member of the Investment Management Board at AIM.

What is the Allianz Group?

The Allianz Group is one of the world’s leading insurers and asset managers with more than 86 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance.

Does Allianz Life offer annuities?

Allianz Life offers annuities to help you prepare for retirement and life insurance to help protect your financial future. Allianz Life remains fully committed to facilitating and helping to find meaningful ways to break down the systemic bias and barriers that exist in our community.

What is Allianz’s “two-tier” deferred annuity?

Allianz developed and sold an annuity product called “two-tier” deferred annuity, which it said would offer purchasers higher returns and greater value. The two-tier deferred annuity required that the purchaser defer “annuitization” – taking out account money – for at least the first five years.

Where are Allianz Life Insurance Products issued?

Products are issued by Allianz Life Insurance Company of North America. Variable annuities are distributed by its affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. Product and feature availability may vary by broker/dealer.