Allianz Life

Nearly 2 in 3 Americans Worry More about Running Out of Money than Death

Retrieved on: 
Tuesday, April 9, 2024
Personal Finance, Professional Services, Insurance, Finance, Social Security, Tax, Generation X, Death, Millennials, Social, Investment, Retirement, Allianz Life, Fear

The worry of running out of money has increased in recent years.

Key Points: 
  • The worry of running out of money has increased in recent years.
  • In 2024, 63% say they worry more about running out of money than death, up from 57% in 2022.
  • Gen Xers are the most likely to say this with 71% more worried about running out of money than death, compared to 64% of millennials and 53% of boomers.
  • High inflation (43%) is the most common concern contributing to worry about running out of money.

Americans Reducing Retirement Savings and Taking on Debt Due to Inflation

Retrieved on: 
Friday, April 5, 2024
Banking, Professional Services, Insurance, Finance, Retirement, Generation X, Millennials, FINRA, Allianz Life, News, Lavigne

The majority of Americans say that the rising cost of living has caused them to reduce their savings.

Key Points: 
  • The majority of Americans say that the rising cost of living has caused them to reduce their savings.
  • Nearly seven in 10 (69%) say they have not been able to contribute to their savings as much due to ongoing inflation.
  • The majority of Americans (51%) say they have taken on more debt because of inflation.
  • More than two in five Americans (42%) say they have dipped into their retirement savings because of inflation.

Allianz Life Launches New Accumulation Annuity

Retrieved on: 
Tuesday, March 19, 2024
Banking, Professional Services, Insurance, Finance, Retirement, FMO, FIA, Index, Head, Growth, Allianz Life, Allianz, Fear, Life insurance

Allianz Life Insurance Company of North America ( Allianz Life ) announced today that its newest accumulation-focused product, Allianz Accumulation Advantage+TM Annuity, is now available.

Key Points: 
  • Allianz Life Insurance Company of North America ( Allianz Life ) announced today that its newest accumulation-focused product, Allianz Accumulation Advantage+TM Annuity, is now available.
  • Allianz Accumulation Advantage+TM is a fixed index annuity that combines powerful accumulation potential with a premium bonusi, signature Allianz innovations and flexible design.
  • Allianz has also recently added a new FIA with a shorter, seven-year withdrawal charge period, Allianz Accumulation Advantage 7TM Annuity, to its suite of products.
  • Full accumulation value is available to the Allianz Accumulation Advantage+TM contract owner after 10 years.

Simplicity Group Enhances Life Insurance Underwriting Service as Gene Zimmerlink Joins Byron Rasmussen

Retrieved on: 
Thursday, April 4, 2024
Risk, Knowledge, Gene, MetLife, University, Insurance, Gen Re, MassMutual, Simplicity, Series 6, Allianz Life

SUMMIT, N.J., April 4, 2024 /PRNewswire/ -- Simplicity Group Holdings, Inc. ("Simplicity") today announced that Byron Rasmussen will be joined by Gene Zimmerlink, as Simplicity continues to bolster its life insurance underwriting services.

Key Points: 
  • SUMMIT, N.J., April 4, 2024 /PRNewswire/ -- Simplicity Group Holdings, Inc. ("Simplicity") today announced that Byron Rasmussen will be joined by Gene Zimmerlink, as Simplicity continues to bolster its life insurance underwriting services.
  • We are thrilled to bring together two acknowledged leaders – Byron and Gene – to build out a best-in-class department," said Bruce Donaldson, President and CEO, Simplicity Group.
  • Prior to his role leading Simplicity's Underwriting Desk, Mr. Rasmussen was Vice President of Underwriting for Allegis Advisor Group, which joined Simplicity in 2022.
  • Prior to joining Simplicity, Mr. Zimmerlink was Head of New Business and Underwriting for Allianz Life.

Flourish Cash Announces FDIC Insurance Coverage Increase, Tripling Coverage Available to Clients Over Past 12 Months

Retrieved on: 
Thursday, February 22, 2024
Safety, RIAS, Insurance, Fed, Orbit, FDIC, CRM, Allianz Life, APY, Bank

The increased FDIC insurance coverage will allow two-person households to be eligible to receive up to $20 million in FDIC insurance through a joint account and two individual accounts.

Key Points: 
  • The increased FDIC insurance coverage will allow two-person households to be eligible to receive up to $20 million in FDIC insurance through a joint account and two individual accounts.
  • As Flourish continues to expand its Program Bank network, it’s able to further increase the FDIC coverage offered to clients.
  • Flourish Cash clients are now eligible to receive up to $5M for individual, business, and nonprofit accounts and up to $10M for joint accounts.
  • RIAs can also incorporate their clients’ cash holdings into their core technology systems through integrations with major billing, reporting, and CRM providers.

gener8tor and the Forge North Coalition announce historic first investments of fund to invest in high-growth Black, brown, and women entrepreneurs in Minnesota

Retrieved on: 
Friday, February 9, 2024
Woman, Allianz Life, Fortune 500, Investment, Greater, Health, Software as a service, Mentorship, Fintech, The Wall Street Journal, Xcel Energy, Commerce, Allina Health, Financial services

Lead investors include Abōva, Allianz Life, Allina Health, Xcel Energy, Securian Financial, and a Minnesota-based family foundation.

Key Points: 
  • Lead investors include Abōva, Allianz Life, Allina Health, Xcel Energy, Securian Financial, and a Minnesota-based family foundation.
  • “We are thrilled at the first five investments of the MSP Equity Fund,” said Al Cornish.
  • “The MSP Equity Fund is focused on developing a portfolio of top diverse-asset-management firms from across the country.
  • To learn more about the MSP Equity Fund, go to the MSP Equity Fund .

Women Taking On More Financial Responsibility

Retrieved on: 
Tuesday, February 6, 2024
Professional Services, Consumer, Women, Insurance, Finance, Personal Finance, FMO, Generation X, Retirement, Family, CFO, Attitude, Woman, Head, Allianz Life

Women are taking on more financial responsibility, according to the 2023 Women Money Power Study* from Allianz Life Insurance Company of North America ( Allianz Life ).

Key Points: 
  • Women are taking on more financial responsibility, according to the 2023 Women Money Power Study* from Allianz Life Insurance Company of North America ( Allianz Life ).
  • More women say they have the primary responsibility for managing finances and making financial decisions for their household.
  • For women who have a financial professional, 77% say their financial professional is their ‘go to’ source for information.
  • “A financial professional can help women establish their financial priorities and how to achieve them in the long run.

Fewer Americans are Optimistic About the Economy in 2024

Retrieved on: 
Tuesday, January 2, 2024
Banking, Professional Services, Insurance, Finance, Optimism, Longevity, Generation X, Millennials, Risk, Retirement, Allianz Life

Just 47% of Americans say they think the economy will improve in 2024.

Key Points: 
  • Just 47% of Americans say they think the economy will improve in 2024.
  • In Q4 2020, 66% of Americans said they thought the economy would improve in the coming year (54% in Q4 2021 and 48% in Q4 2022).
  • Three in four Americans (74%) say they think the market will be very volatile in 2024.
  • Most Americans (60%) say they think their financial situation will improve in 2024.

Americans More Stressed with Inflation Affecting Finances

Retrieved on: 
Thursday, December 14, 2023
Personal Finance, Professional Services, Insurance, Finance, Millennials, Retirement, Risk, Allianz Life, Eating, Habit, Cryptocurrency, Marketing, Music, Generation X

The guidance of a financial professional can be crucial for Americans to take positive steps for their financial future.”

Key Points: 
  • The guidance of a financial professional can be crucial for Americans to take positive steps for their financial future.”
    Increasing savings and paying down debt are the main ways Americans want to better their finances.
  • Americans overall say they could improve their finances in 2024 by building up an emergency fund (17%), paying down credit cards (16%) and increase retirement savings (17%).
  • In general, more Americans say they are more stressed at the end of 2023 than they were last year.
  • The rising cost of living is affecting how Americans feel about their income, making big purchases and retirement.

The New Reality for Financial Professionals

Retrieved on: 
Thursday, December 7, 2023
Professional Services, Insurance, Finance, Asset Management, Consulting, Banking, Longevity, Lavigne, Baby boomers, Retirement, Millennials, Generation X, Allianz Life, Partnership, News, Life, Financial adviser, Marketing, Life insurance

The good news for financial professionals is that 88% of Americans say that working with a financial professional would help to ensure they can financially support all the things they want to do in life.

Key Points: 
  • The good news for financial professionals is that 88% of Americans say that working with a financial professional would help to ensure they can financially support all the things they want to do in life.
  • “Financial professionals need to listen to what consumers are saying in this data,” says Kelly LaVigne, Vice President of Consumer Insights, Allianz Life.
  • “Consumers’ desire for financial advice is as strong as it’s ever been, but financial professionals need to think more broadly about their role,” says LaVigne.
  • “To successfully serve the next generation of clients, financial professionals need to focus on collaboration, flexibility and truly understanding their clients’ values, priorities and concerns.”
    For more information on how financial professionals can respond to the new retirement reality, listen to “Rebuilding Retirement,” a new podcast series from Allianz Life .