Americans are worried about how they'll pay their bills if they don't get pay raises, and that extends to retirement income, according to a new study from Allianz Life Insurance Co. of America, which found Americans starting to look beyond the job to wonder how they'll get pay raises during retirement.

Allianz, according to "Wink's Sales & Market Report," was the top provider of indexed annuities in the fourth quarter of 2015, holding a market share of 14.5%. The company was also the 9th largest annuity provider in the U.S. during 2015, according to the National Association of Insurance Commissioners.

In this latest Allianz study, 53% of respondents said that, if faced with a frozen income that offered no chance for an increase in annual salary, they would be very worried or even panicked about how they would pay for everyday expenses. In addition, 67% of respondents said they received a pay raise at least half of the time during their working years.