Allianz Life Grants $380,000 to Nonprofits Supporting Senior Services

Company Gives Record Amount to Senior Services Grant Program

MINNEAPOLIS – Jan. 15, 2019 – Allianz Life Insurance Company of North America (Allianz Life®) announced today that it has given $380,000 in grants to 21 Twin Cities nonprofits that enhance seniors’ quality of life through community programming and outreach. The organizations receiving grants help seniors remain self-sufficient, offer community connections, and provide education about elder financial abuse prevention. This is the highest annual amount the company has granted since starting the Allianz Life Senior Services Grant Program in 2009. To date, the company has given nearly $2.5 million to nonprofits serving seniors.

The grant recipients support seniors by building social vitality and independence using services including: food delivery, transportation, and adaptive living assistance. These organizations also provide basic living needs, social activities and community interaction. Additionally, chosen nonprofits help victims of elder financial abuse through education and assistance for them and their caregivers.

“These organizations play a vital role in helping seniors in our community live and thrive independently,” said Walter White, president and CEO, Allianz Life. “We are proud to support the very important work that they do through our grant program.”

The following 21 organizations received grants ranging from $10,000 to $35,000:

In addition to supporting seniors through its grant program, Allianz Life continues to partner with the Better Business Bureau of Minnesota and North Dakota to provide the Safeguarding Our Seniors volunteer program. Through this initiative, trained Allianz Life employees volunteer to visit senior or community centers to educate and discuss how to help prevent elder financial abuse. To date, volunteers have given more than 70 presentations, providing information to more than 900 seniors.

About Allianz Life Insurance Company of North America

Allianz Life Insurance Company of North America, one of the FORTUNE 100 Best Companies to Work For® in 2019, has been keeping its promises since 1896 by helping Americans achieve their retirement income and protection goals with a variety of annuity and life insurance products. In 2018, Allianz Life provided $2.8 billion in benefit payments that helped policyholders’ achieve their financial goals. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with over 142,000 employees in more than 80 countries. Allianz Life is a proud sponsor of Allianz Field in St. Paul, Minnesota, home of Major League Soccer’s Minnesota United.