Allianz Endurance Plus Annuity offered by Allianz

Introduction
Type of Product Indexed Annuity
Product NameAllianz Endurance Plus Annuity
Offered byAllianz
Company Info

Founded in 1896 and based i... read more

Contact Information
Company OfferingAllianz
Company TypeInsurance Company
Phone Number800-950-5872
Websitewww.allianzlife.com
Talk to a Financial Advisor
Contact Information Connect with a Financial Advisor
Reviews and Ratings
Average Review

3/5 from 1 Reviews


Product Ratings and Reviews

Rating:
3
Average: 3 (1 vote)

Like many indexed annuities, this Allianz product comes with a very long surrender charge period.

The surrender charge schedule for the majority of states is 10 years:

  1. 10
  2. 10
  3. 10
  4. 8.75
  5. 7.5
  6. 6.25
  7. 5
  8. 3.75
  9. 2.5
  10. 1.25

What does this mean?  Withdraw your money in years 1 - 3 and you take a 10 percent hit on the premium you put in (not on the amount that is withdrawn).

Want to take a loan from your own funds?  You can take up to 50 percent or $50k, but it will cost you 7.4 percent interest to borrow your own money.

Ouch.

 

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