Allianz Life exec: Index variable annuities address market volatility fears
July 26, 2016 by Kristen Beckman
Allianz Life Insurance Co. of North America is one of the country’s largest annuity providers.
The company ranked fourth (up from fifth place last year) on LIMRA Secure Retirement Institute’s first-quarter 2016 ranking of annuity providers with $3.3 billion in annuity sales.
The company’s focus on fixed annuities helped propel it into a top-five spot on LIMRA’s ranking. It ranked third overall in the fixed annuity category and first in the fixed indexed category, with $2.8 billion in sales. The company also offers variable annuities and ranked 14th on LIMRA’s Q1 ranking with $499 million in sales. In addition, Allianz Life offers fixed index universal life insurance. The company provided a total of $2.4 billion in benefit payments last year. Click HERE to read more… Lifehealthpro articles may require free registration to view