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Allianz
- Thread starter 29year
- Start date
OhWell
New member
Just a quick Google search found this An impartial review of the Allianz 222 Annuity
Seem pretty informative. 7.5% commission, 10% surrender fee for the first 3 years. Better be absolutely sure you will not need the cash.
Seem pretty informative. 7.5% commission, 10% surrender fee for the first 3 years. Better be absolutely sure you will not need the cash.
As a member of the national treasury employees union I am entitled to free retirement advice. I met with the adviser yesterday who recommended the annuity offered by Allianz. It it Is called the Allianz 222. It is not a regular annuity, they referred to it as a lifetime income benefit rider. They give a 20% bonus upfront, which you can keep if your money stays in the fund for 10 years. It always has a cash value that you can obtain money from. They will double the amount of the guaranteed monthly benefit if you ever need long-term care.It almost sounds too good to be true. Can anyone tell me what the hazards are here?
