Allianz 360 Annuity Review: Rates, Features, Pros & Cons

The Allianz 360 Annuity is a fixed index retirement income annuity with a contract term for 10 years. It offers principal and growth potential, making it a suitable investment for people who want guaranteed income in retirement while still benefiting from market-linked gains without risking their initial investment.

Allianz 360 is provided by Allianz Life Insurance Company of North America, one of the long-standing insurers with a strong reputation.

If you’re looking for a steady lifetime income with the potential for growth and valuable bonuses, read our review to see how the Allianz 360 Annuity can enhance your retirement strategy.

Quick Facts

The Allianz 360 Annuity combines principal protection with market-linked growth to provide reliable retirement income and long-term stability.
Its 25% annual interest bonus through the 360 Benefit Rider enhances accumulation without extra conditions, boosting future income potential.
Flexible lifetime income options allow retirees to choose between stable or increasing payments to suit their financial goals.
Additional premiums can be made within the first 18 months, offering flexibility to build retirement savings over time.
Backed by Allianz Life’s strong financial ratings, this annuity offers dependable security with competitive indexed growth opportunities.

About Allianz Life Insurance Company of North America

Company Name

Allianz Life of North America

Website

www.allianzlife.com

Phone Number

800-950-1962

AM Best

A+

Standard and Poor’s Global

Moody’s

Aa3

Allianz Life Insurance Company of North America, a subsidiary of the global financial powerhouse Allianz SE, has been a trusted name in retirement planning since 1896.

Based in Minneapolis, the company manages over $125 billion in assets and serves millions of U.S. customers through its comprehensive portfolio of annuities and life insurance products.

Its products are designed to help individuals grow their wealth, protect their assets, and achieve lasting financial security.

You may know Allianz Life for its other popular products, including Allianz 222, Benefit Control, and Retirement Foundation.

Allianz 360 Annuity Overview

🔔 Important Information
Product Name	Allianz 222
Type of Annuity	Fixed Index
Annuity Term	10 years
Product Information	The Allianz 360 Annuity, a fixed index annuity, offers a blend of growth potential and financial security for retirement planning. It provides tax-deferred growth opportunities based on market indexes while safeguarding your principal from market downturns.
Interest	2.00% of fixed interest (as of 11/04/2025)
Premium Type	Flexible
Maximum Issue Age	80 years
Withdrawal Charge Schedule	10%, 10%, 10%, 8.75%, 7.50%, 6.25%, 5%, 3.75%, 2.50%, 1.25%
Minimum Premium	$20,000
Maximum Premium	$1,000,000
RMD	Yes
Market Value Adjustment	Yes
Product Brochure	https://www.allianzlife.com/-/media/Files/Global/documents/2019/04/30/16/03/CB54370-3.pdf
Account Types	Personal, Traditional IRA, Roth IRA, SEP-IRA, Simple-IRA, 403(b)
Not Available In	PR, VI, NY

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Allianz 360 Key Features & Benefits

The Allianz 360 Annuity is suitable for pre-retirees and conservative investors who are looking for a reliable income stream, growth potential, and long-term financial protection.

Here are the key Allianz 360 benefits and features you will receive:

Tax-Deferred Growth Potential

Like other annuities, the Allianz 360 offers tax-deferred growth, meaning interest earned is not taxed until withdrawn, allowing the account value to grow more quickly.
Principal Protection with Indexed Growth

Your principal and credited interest are protected from market downturns. At the same time, you can benefit from indexed interest based on the performance of selected market indices.
Flexibility to Add Premiums

You can make additional premium payments for up to 18 months after opening the contract or until annuity or lifetime income payments begin. This feature can help you steadily build your retirement savings and ensure a comfortable future.
360 Benefit Rider for Enhanced Growth

You can also add the 360 Benefit feature, which is an optional rider that enhances the annuity’s accumulation phase. Each year, you receive a 25% bonus on any interest credited, consistently boosting growth without requiring special conditions. This feature can substantially increase your future income potential.
Lifetime Income Options and Cumulative Withdrawal Balance
When you’re ready to start receiving income (available from age 50), Allianz 360 offers two flexible payout options to match your retirement goals:
- Level Income: Provides a stable, predictable payment for life and is ideal if you value consistency and security.
- Increasing Income: Starts smaller but can grow annually based on credited interest, helping offset inflation and rising living costs.
You can also withdraw less than your maximum income amount, with the remaining balance accumulating in a Cumulative Withdrawal Account, available for future use.
Death Benefit for Beneficiaries

The contract offers a death benefit equal to the greater of the account value, guaranteed minimum value, cumulative withdrawal amount, or premium minus withdrawals and surrender charges. Beneficiaries can choose a lump sum or annuity payments over a period of years.
Potential Market Value Adjustment (MVA)

If you withdraw funds above the free withdrawal amount during the surrender charge period, an MVA may apply. Depending on interest rate changes, this could slightly increase or decrease your withdrawal value, though it will never reduce it below the guaranteed minimum.

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Rates & Crediting Strategies

Crediting Methods

The Allianz 360 annuity offers similar crediting methods to other fixed index annuities. When choosing the index strategy for your retirement, you will have the following options:

Annual point-to-point with a cap
Monthly sum

Annual point-to-point with a participation rate
Multi-year point-to-point with a participation rate

Index Options

Ownign the ALlianx 360 annuity, you will be able to allocate funds among several market indexes, such as the S&P 500. Make sure to do your research, as your contract potential will earn interest based on index performance.

The following annuity rates are as of 11/04/2025 and may be subject to change:

Interest bonus	Rider charge	Fixed Interest
105%	0.95%	2.00%

Monthly sum with a cap
S&P 500 Index	1.20%

Annual point-to-point with a cap
S&P 500 Index	3.50%

Annual point-to-point with a participation rate
BlackRock iBLD Claria ER Index	65%
Bloomberg US Dynamic Balance II ER Index	65%
PIMCO Tactical Balanced ER Index	60%

2-year MY point-to-point with a participation rate	Year 1	Year 2
Bloomberg US Dynamic Balance II ER Index	95%	115%
PIMCO Tactical Balanced ER Index	90%	110%
S&P 500 Future Daily Risk Control 5% Index	95%	120%

5-year MY point-to-point with a participation rate	Year 1	Year 2	Year 3	Year 4	Year 5
Bloomberg US Dynamic Balance II ER Index	140%	160%	180%	200%	220%
PIMCO Tactical Balanced ER Index	135%	155%	175%	195%	215%
S&P 500 Future Daily Risk Control 5% Index	155%	175%	195%	215%	240%

Fees, Surrender Charges & Liquidity

Fees and Charges

When preparing the Allianx 350 review, we found that a 0.95% fee is deducted from the contract’s accumulation value as a 360 Benefit rider fee. The rider is optional, so it is up to you to decide whether to include it in your contract.

Surrender Charge Schedule

A surrender charge is a fee applied when funds are withdrawn from an annuity before the end of the specified term.

Like most annuities, the Allianz 360 Annuity features a surrender charge schedule that outlines these fees, which decrease gradually over time as the contract matures.

Here is the Allianz 360 surrender schedule:

Contract Year	Y1	Y2	Y3	Y4	Y5	Y6	Y7	Y8	Y9	Y10
Charge %	10%	10%	10%	8.75%	7.50%	6.25%	5%	3.75%	2.50%	1.25%

* Please note that charge rates may vary based on your state

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Allianz 360 Pros and Cons

✅ Pros

Principal protected from market losses
25% bonus on credited interest
Rising lifetime withdrawal percentages
Two lifetime income options available

❌ Cons

$20,000 minimum premium
Additional costs for riders
10-year surrender period
Interest credits subject to caps and participation rates

How It Compares

Allianz 360 vs. Athene Performance Elite

Item	Allianz 360	Athene Performance Elite (7/10/15/15 Plus)
Issuer	Allianz Life Insurance Company of North America	Athene Annuity & Life Company
Type	Fixed Indexed Annuity (deferred)	Fixed Indexed Annuity (deferred)
Typical Terms	10 years	7, 10, 15 years
Minimum Premium	$20,000	$10,000
Index Options / Methods	✔️ Multiple index options ✔️ Annual or multi-year point-to-point with caps or participation rates ✔️ Fixed account for stable growth	✔️ S&P 500® + volatility-controlled indices ✔️ Fixed account ✔️ Mix of annual/bi-annual point-to-point, cap/participation/spread
Liquidity	Free withdrawals of up to 10%	Free withdrawals of up to 10%
Income Features	✔️ 360 Benefit Rider (25% Interest Bonus) ✔️ Lifetime Income Options (Level or Increasing) ✔️ Cumulative Withdrawal Balance Feature ✔️ Guaranteed Lifetime Withdrawal Benefit (GLWB) ✔️ Income Growth Potential through Indexed Credits	✔️ Optional income riders on some versions ✔️ Lifetime income options ✔️ 15 Plus adds bonus/liquidity features

Allianz 360 vs. Power 5 Protector

Item	Allianz 360	Power 5 Protector
Issuer	Allianz Life Insurance Company of North America	Corebridge Financial
Type	Fixed Indexed Annuity (deferred)	Fixed Indexed Annuity (deferred)
Typical Terms	10 years	5 years
Minimum Premium	$20,000	$25,000
Index Options / Methods	✔️ Multiple index options ✔️ Annual or multi-year point-to-point with caps or participation rates ✔️ Fixed account for stable growth	✔️ Multiple index options ✔️ Annual or multi-year point-to-point with caps and rates
Liquidity	Free withdrawals of up to 10%	Free withdrawals of up to 10%
Income Features	✔️ 360 Benefit Rider (25% Interest Bonus) ✔️ Lifetime Income Options (Level or Increasing) ✔️ Cumulative Withdrawal Balance Feature ✔️ Guaranteed Lifetime Withdrawal Benefit (GLWB) ✔️ Income Growth Potential through Indexed Credits	✔️ Guaranteed Income for Life ✔️ High first-year yield

Allianz 360 vs. Nationwide Summit

Item	Allianz 360	Nationwide Summit
Issuer	Allianz Life Insurance Company of North America	Nationwide
Type	Fixed Indexed Annuity (deferred)	Fixed Indexed Annuity (deferred)
Typical Terms	10 years	7 years
Minimum Premium	$20,000	$25,000
Index Options / Methods	✔️ Multiple index options ✔️ Annual or multi-year point-to-point with caps or participation rates ✔️ Fixed account for stable growth	✔️ S&P 500® Index and J.P. Morgan Mozaic II℠ Index options
Liquidity	Free withdrawals of up to 10%	Free withdrawals of up to 10%
Income Features	✔️ 360 Benefit Rider (25% Interest Bonus) ✔️ Lifetime Income Options (Level or Increasing) ✔️ Cumulative Withdrawal Balance Feature ✔️ Guaranteed Lifetime Withdrawal Benefit (GLWB) ✔️ Income Growth Potential through Indexed Credits	✔️ Optional income riders available

Who This Annuity Is Best For

Individuals seeking steady, tax-deferred growth with principal protection.
Pre-retirees and retirees who want predictable or increasing lifetime income options.
Conservative investors looking for guaranteed income with moderate growth potential.
Those who value flexibility to add premiums and customize income timing.
Investors aged 50+ planning to convert savings into lifetime income.
People who want long-term stability with the opportunity to benefit from market index performance.

How to Buy & Next Steps

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FREQUENTLY ASKED QUESTIONS

What is the minimum investment for the Allianz 360 Annuity?

The minimum premium to open an Allianz 360 Annuity is $20,000, with a maximum of $1,000,000 without prior company approval.

How does the Allianz 360 earn interest?

The Allianz 360 is a fixed indexed annuity that credits interest based on the performance of selected market indexes. Your principal and credited interest are protected from market downturns, meaning you’ll never lose money due to market volatility.

What bonuses does the Allianz 360 offer?

Through the optional 360 Benefit Rider, you can receive a 25% interest bonus each year during the accumulation phase. This bonus consistently enhances growth without requiring special conditions, helping increase your potential lifetime income.

What income options does the Allianz 360 provide?

You can choose between two lifetime income options:

Level Income: Fixed payments for life, offering stability and predictability.
Increasing Income: Payments that can grow annually based on credited interest, helping offset inflation and rising expenses.

Can I add more money to my annuity later?

Yes. The Allianz 360 allows additional premium payments anytime within the first 18 months of the contract or until annuity or lifetime income payments begin. This flexibility helps you gradually build your retirement savings.

Is there a death benefit?

Yes. Upon death, beneficiaries receive the greater of the account value, the guaranteed minimum value, the cumulative withdrawal balance, or the premium paid (minus withdrawals and applicable charges). They may choose a lump-sum payout or periodic payments.

Can I withdraw funds early?

Withdrawals made during the surrender charge period may incur fees or a Market Value Adjustment (MVA). The MVA can increase or decrease the withdrawal amount depending on current interest rates but won’t reduce your value below the guaranteed minimum.

Annuity Expert

Jeremiah Konger

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Other Allianz Life Fixed Index Annuity Products

Allianz 222

Allianz 222 offers a unique blend of security and growth potential. This annuity features a built-in Protected Income Value benefit that increases your retirement income possibilities every year you defer withdrawals.

Read Review

Allianz Core Income 7

Core Income 7 lasts seven years and has a lower minimum deposit of $10,000, providing a rider that increases your income during the savings period.

Read Review

Allianz Accumulation

This annuity allows beneficiaries to invest in 17 different market indexes, focusing on growing their money for the future.

Read Review

Allianz Essential Income 7

The Essential 7 annuity offers the option to grow the income each year in retirement, offering a smaller minimum deposit of $10,000 and no surrender charges after seven years.

Read Review

Allianz Retirement Foundation

The Retirement Foundation annuity is available through advisory platforms and not directly to individuals, meaning you need to work with an advisor to buy this product.

Read Review

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