How good is Allianz InvestFlex?

Allianz InvestFlex is a pension plan product offered by Allianz Lebensversicherung AG (Allianz Life Insurance). This plan is designed to provide customers with flexibility and control over their retirement savings, allowing them to tailor their plan to their individual needs and circumstances.

InvestFlex offers several features, such as:

– Flexibility in terms of the level of contributions, it allows customers to make irregular and ad-hoc contributions to the plan

– The ability to switch between different investment options depending on their risk profile, allowing customers to optimize their retirement savings based on their risk tolerance and current market conditions.

– Allowing customers to make partial withdrawals without penalty, this can be useful for instance if a customer wants to use the plan to finance a specific event like a house purchase

– The plan offers a death benefit, which pays out a lump sum to the beneficiaries of the plan holder

The Allianz InvestFlex pension plan is a long-term savings solution and it allows customers to accumulate funds over time to secure their retirement. It can be a suitable option for individuals who are looking for flexibility and control over their retirement savings and are comfortable with the risk involved in investments.