Allianz Accumulation Advantage+™ Annuity

[Narrator] Are you concerned about accumulating enough for retirement?

Let’s be honest. Who isn’t?

That’s why we created Allianz Accumulation Advantage Plus Annuity.

As part of your overall retirement strategy, it’s designed to help jump-start your accumulation potential … give you tax-deferred growth potential … and let you take penalty-free withdrawals if your plans change.

[On-screen disclosure] ¹ Penalty-free withdrawals are available as soon as the contract year following your last premium payment. [End of on-screen disclosure]

But let’s start with the basics.

Allianz Accumulation Advantage Plus is simply a contract that provides several key benefits.

[On-screen disclosure] ¹During the annuity's accumulation phase.
Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America.[End of on-screen disclosure]

And because it’s a fixed index annuity, it also gives you the potential to earn fixed or indexed interest.

You may be familiar with fixed interest, which is paid at a steady rate that’s declared annually.

[On-screen disclosure] Hypothetical example. Not meant to be proportional or to scale. [End of on-screen disclosure]

Indexed interest, on the other hand, is based on changes in an external market index.

Here’s how it works:

Allianz tracks the index value over a specified period of time.

[On-screen disclosure] Hypothetical example of a point-to-point crediting method. Not meant to be proportional or to scale.
Please see the Allianz Accumulation Advantage+™ Annuity consumer brochure (AAAPL-001) and insert for other available crediting methods. [End of on-screen disclosure]

And if the index ends at a higher value than where it started, your annuity earns interest – up to certain limits.

Allianz Accumulation Advantage Plus even gives you the option to lock in an index value before the end of the crediting period – either manually or automatically – to ensure a positive credit.

[On-screen disclosure] An Index Lock can only be activated on index returns that are greater than 0%, unless otherwise indicated. [End of on-screen disclosure]

You’re not actually buying stocks or shares in the index, however. So, if there is a market downturn, your annuity’s value is never reduced because of market losses.

[On-screen disclosure] Hypothetical example. Not meant to be proportional or to scale.
Premiums and interest are not at risk due to market losses, but fees and charges may reduce the accumulation value. [End of on-screen disclosure]

And if the market goes up again, you don’t have to make up any losses before you can start earning indexed interest. Over time, this can help accelerate your accumulation potential.

Allianz Accumulation Advantage Plus also gives you a premium bonus on any money you place in your annuity for the first 18 months.

[On-screen disclosure] Bonus is credited to the accumulation value and is vested at 10% per year. Bonus annuities may include higher withdrawal charges, longer withdrawal charge periods, lower rates, or other restrictions that are not included in similar annuities that don’t offer a premium bonus feature. [End of on-screen disclosure]

Thanks to the power of compounding, this may give you even greater accumulation potential over time.

And remember what we said about access?

If your plans change, you can take a penalty-free withdrawal of up to 10% the contract year following your last premium payment.

[On-screen disclosure] ¹Penalty-free withdrawals of the greater of paid premiums or the contract’s accumulation value are available as soon as the contract year following your last premium payment.
Withdrawals are subject to ordinary income tax, and if taken prior to age 59½, a 10% federal additional tax. [End of on-screen disclosure]

What’s more, any unused penalty-free withdrawal percentage carries over to the next year … for a potential penalty-free withdrawal of up to 20%.

[On-screen disclosure] Withdrawals are subject to ordinary income tax, and if taken prior to age 59½, a 10% federal additional tax. [End of on-screen disclosure]

After just five contract years, you can receive annuity payments based on your accumulation value

And after 10 years – if you haven’t started annuity payments – you can choose to either continue building your retirement savings … or withdraw some or all of your money in a lump sum, with no withdrawal charge, unvested premium bonus reduction, or market value adjustment.

[On-screen disclosure] 10-year withdrawal charge schedule. Please see the Allianz Accumulation Advantage+™ Annuity consumer brochure (AAAPL-001) and insert for additional information. [End of on-screen disclosure]

Of course, this is just an overview of the main features of Allianz Accumulation Advantage Plus Annuity.

Talk to your financial professional to learn more.

[On-screen disclosure] The purchase of an annuity is an important financial decision. You should have a full discussion with your financial professional regarding fees, costs, and potential benefits before making any decision. [End of on-screen disclosure]

[On-screen disclosures]

Fixed indexed annuities are designed to meet long-term needs for retirement income. They provide guarantees against the loss of principal and credited interest, tax-deferred accumulation potential, and the reassurance of a death benefit for beneficiaries.

The bonus is subject to a 10-year vesting schedule. 10% of the bonus will become vested on each contract anniversary until the beginning of the 11th contract year, when 100% will be vested. If you withdraw your contract before the 11th contract year, you will lose the unvested bonus. During the first 10 contract years, we will apply a withdrawal charge, market value adjustment, and unvested bonus reduction if you partially or fully withdraw your contract. The same would apply if you begin annuitization, which means receiving regular annuity payments over a specified period of time, prior to the sixth contract year. These charges may result in a loss of bonus, indexed interest, and fixed interest, and a partial loss of principal (your premium). Bonus annuities may include higher withdrawal charges, longer withdrawal charge periods, lower caps, lower participation rates, or other restrictions that are not included in similar annuities that don’t offer a premium bonus feature.

Premium payments are accepted through the first 18 months.

Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America.

Any distributions are subject to ordinary income tax and, if taken prior to age 59½, a 10% federal additional tax.

Products are issued by Allianz Life Insurance Company of North America, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. www.allianzlife.com

• Not FDIC insured • May lose value • No bank or credit union guarantee • Not a deposit • Not insured by any federal government agency or NCUA/NCUSIF

Product and feature availability may vary by state and broker/dealer.

C64997-MVA, ICC23C64997-MVA

AAAPL-005 (3/2023)

[End of on-screen disclosures]

Considered by many to be the most common benchmark used in measuring the performance of U.S. stock market large-caps, which are companies with a market capitalization value of more than $10 billion. The S&P 500® Index represents a broad cross-section of common stocks traded on every major U.S. stock exchange. The Index is a selection of 500 leading companies from 100 distinct industry groups found in 10 leading American industrial market sectors.

Available with the monthly sum and annual point-to-point with a cap crediting methods (see descriptions below).

The S&P 500® Futures Index ER is constructed from the front-quarter E-mini futures contract on the S&P 500. It is part of the S&P Factor Series, which measures the inherent risk premium between asset classes and financial markets.

Available with the annual point-to-point with a participation rate and 2-year or 5-year MY point-to-point with a participation rate crediting methods (see description below).

The Blended Futures Index constructed by allocating to four specific futures indexes in order to provide a mix between bond and equity indexes:

The Blended Futures Index is comprised of four sub-indexes: S&P 500® Futures Index ER, Bloomberg International Equity Custom Futures ER Index, Bloomberg US 10yr Note Custom Futures ER Index, and Bloomberg US Small Cap Custom Futures ER Index.

Available with annual point-to-point with a participation rate and 2-year or 5-year MY point-to-point with a participation rate crediting methods (see description below).

The PIMCO Tactical Balanced ER Index is comprised of the U.S. Equity Futures Custom Index, a bond component comprised of the PIMCO Synthetic ER Bond Index with a duration overlay, and shifts weighting between them daily based on historical realized volatility of the components. In order to manage index volatility during times of high volatility, the index weights may not add up to 100%. The U.S. Equity Futures Custom Index is a custom index that tracks futures on large-cap equities, similar to futures on the S&P 500 Index. The PIMCO Synthetic Bond ER Index is a custom index comprised of a small number of instruments designed to provide exposure to futures on U.S. investment-grade and Treasury bond markets. The duration overlay adjusts the interest rate exposure in response to changes in market trends. The PIMCO Tactical Balanced ER Index uses an excess return methodology by tracking the price of futures. Futures prices reflect the expected future price of an index and account for expected dividends. The excess return structure is designed to create a level of stability in your participation rate (for the associated crediting method) from year to year by mitigating the impact of short-term interest rates on renewal rates.

Available with annual point-to-point with a participation rate and 2-year or 5-year MY point-to-point with a participation rate crediting methods (see description below).

The S&P 500® Futures Daily Risk Control 5% Index is comprised of the S&P 500 Futures Index ER and the S&P 10-year Treasury Note Futures Index ER and is balanced daily to achieve target volatility.

Available with annual point-to-point with a participation rate and 2-year or 5-year MY point-to-point with a participation rate crediting methods (see description below).

The Bloomberg US Dynamic Balance III ER Index is comprised of varying exposure to the Bloomberg US Equity Futures Basket ER Index, where the exposure is primarily determined by market implied volatility. The Bloomberg US Equity Futures Basket ER Index is comprised of three sub-indexes: the Bloomberg US Equity Custom Futures ER Index, the Bloomberg US Small Cap Custom Futures ER Index, and the Bloomberg US Tech Custom Futures ER Index, with intended weights of 80%, 10%, and 10%, respectively, rebalanced daily. The Bloomberg US Equity Custom Futures ER Index generally maintains exposure to large cap U.S. stocks via futures in excess of the corresponding benchmark portfolio. The Bloomberg US Small Cap Custom Futures ER Index generally maintains exposure to small cap U.S. stocks in excess of the corresponding benchmark portfolio. The Bloomberg US Tech Custom Futures ER Index generally maintains exposure to technology sector U.S. stocks in excess of the corresponding benchmark portfolio.

Available with annual point-to-point with a participation rate and 2-year MY point-to-point with a participation rate crediting methods (see description below).

A fixed interest allocation is also available. See current rates.