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Allianz Lebensversicherungs-AG review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Allianz Lebensversicherungs-AG writes term life cover for German households that want a dependant paid if they die, with a cover limit of 25,000-20,000,000 EUR and monthly premiums. Entry is up to 74 years, so the product suits adults insuring a home purchase or a family breadwinner.

Key facts

Best for
Monthly term life cover for a home purchase or dependants, at a low starting premium in Germany.
Premium from
€2.60↗
Insurance types
Life, Income-protection↗
Provider type
Insurer↗
Monthly payments
Yes↗
Cover limit
25,000-20,000,000 EUR↗
Claims channels
Phone, Chat, Online-form↗
Age range
up to 74 years↗
Legal entity
Allianz Lebensversicherungs-Aktiengesellschaft↗
Headquarters
Germany↗
Support channels
Phone, Email, Chat, Help-centre↗
Pricing model
Monthly
Official website
allianz.de

Mortgages

Fixed period
5 to 40 years↗
Purpose
Purchase↗

Facts checked September 26, 2026, 5 sources

Apps and profiles

Elsewhere
LinkedIn

Pros and cons

Pros

  • Monthly payments are available, so the premium starts at €2.60 rather than a large yearly sum.
  • The provider is the insurer Allianz Lebensversicherungs-Aktiengesellschaft itself, based in Germany.
  • Claims run through phone, chat and online form, so a death claim can be reported by phone, chat or online form.
  • Support covers phone, email and chat, giving a help centre alongside phone, email and chat.

Cons

  • Entry is limited to ages up to 74 years, which rules out a new policy for older applicants.
  • Insurance types are limited to life and income protection, so there is no savings or investment wrapper on this product.
  • The monthly payment model is the only one listed, so annual single payments are not offered.
Allianz Lebensversicherungs-AG

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Scored 9.4 / 10 by SumCue.

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Who it suits

  • Adults in Germany insuring a home purchase, since the purpose is listed as purchase.
  • Households wanting a dependant paid on death, with the cover limit reaching 25,000-20,000,000 EUR.
  • People who would rather pay small amounts each month than a yearly lump, at a starting premium of €2.60.

Who should look elsewhere

  • bunq or bunq Spain, if the lowest starting figure of €0 matters more to you than life cover.
  • Linxea, listed at €25 premium from, if a higher starting premium fits your plan better.
  • Anyone past the entry age of up to 74 years, who cannot open a new policy here.

How Allianz Lebensversicherungs-AG compares

Where Allianz Lebensversicherungs-AG is available

Available
Germany
Licence in Germany
Bundesanstalt fuer Finanzdienstleistungsaufsicht (BaFin), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does Allianz term life insurance cost a month?+

Premiums start at €2.60 and can be paid monthly, so the first payment stays small. That is a starting figure rather than a quote for a particular age, term and sum assured, and the payment model on offer is monthly.

Who provides the policy and who regulates it?+

The contract is with Allianz Lebensversicherungs-Aktiengesellschaft, which is the insurer behind the product and sits in Germany. It is supervised by the Bundesanstalt fuer Finanzdienstleistungsaufsicht (BaFin), so cover comes from the insurer rather than a broker.

How much money would the policy pay out?+

The sum insured runs 25,000-20,000,000 EUR, so the death benefit can be sized to a mortgage or an income replacement rather than a fixed sum. The listed purpose is purchase, which links the cover to a home purchase.

Who can take out this cover?+

Entry is up to 74 years, so adults up to that age can apply and anyone past it is outside the range. The premium shown is a headline figure, and the entry range gives the first limit to check.

How do I make a claim after a death?+

Claims are reported through phone, chat and online form, so a bereaved family can pick the route that suits them rather than posting paperwork. Help is listed separately under phone, email and chat, which covers phone, email, chat and a help centre.

Is Allianz the cheapest starting premium on the page?+

It is one of the lower starting premiums here. Allianz lists €2.60, against €25 for Linxea, and bunq and bunq Spain are both listed at €0. Those are starting figures from different product types, so this is a first look rather than a final answer.

Does the policy build up savings as well as paying a death benefit?+

The insurance types listed are life and income protection and the payment model is monthly. This is cover rather than an investment wrapper, so the premium buys protection and nothing listed points to a pot that grows over the term.

Sources

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Allianz Lebensversicherungs-AG

Allianz Lebensversicherungs-AG

Monthly term life cover for a home purchase or dependants, at a low starting premium in Germany.

9.4/10See alternatives