Welcome to the Sanchez v Allianz Life Notice Website

SUPERIOR COURT OF THE STATE OF CALIFORNIA FOR THE COUNTY OF LOS ANGELES

If you are a current or former owner, or were a designated death benefit beneficiary, with respect to one of the following Allianz Life annuities issued in California:
Bonus Maxxx, Bonus Maxxx Elite, BonusDex, BonusDex Elite, 10% Bonus PowerDex, or MasterDex 10 you may get monetary benefits from a proposed class action settlement.

A court authorized this Notice. This is not a solicitation from a lawyer. You are not being sued.

YOUR LEGAL RIGHTS ARE AFFECTED WHETHER YOU ACT OR DO NOT ACT. PLEASE READ THIS NOTICE CAREFULLY.
• This settlement notice relates to a class action brought by two individuals who allege Allianz Life Insurance Company of North America (“Allianz Life”): 1) breached its annuity contracts in determining or calculating annuitization payments; and 2) breached its annuity contract in connection with full and partial surrenders of its annuities.
• You received the Notice because you are listed as an owner (or a designated beneficiary) of an active or terminated fixed deferred annuity included in the proposed settlement of a class action lawsuit (the “Settlement”) against Allianz Life. The Court directed that this Notice be sent to you because you have a right to know about the proposed Settlement, and your rights and options, before the Court decides whether to approve it.
• The Settlement provides benefits that depend on the status of annuities as of March 31, 2022.

Your options are explained in the notice posted on the Case Documents page. 

Update: The Court entered an order finally approving the settlement on December 14, 2022, and a final judgment was entered on December 22, 2022.