1 Withdrawals will reduce the contract value and the value of any protection benefits. Withdrawals taken within the contract withdrawal charge schedule will be subject to a withdrawal charge. All withdrawals are subject to ordinary income tax and, if taken prior to age 59½, may be subject to a 10% federal additional tax.

2 Income payment options:

  • Level Income – single
    Consistent, dependable income for life. This may be a good choice if you want the reassurance of knowing exactly how much income you’ll receive annually and if you want a guaranteed stream of income that you can’t outlive.
  • Level Income – joint
    Consistent, dependable income for life. This may be a good choice if you want the reassurance of knowing exactly how much you’ll receive annually and if you want a guaranteed stream of income that you can’t outlive. Joint payments are based on the age of the younger eligible person. Be sure to adjust entries accordingly.
  • Increasing Income – single
    Guaranteed income for life – plus an opportunity for payment increases. This offers a smaller payment up front compared to the Level Income option, with the potential to increase each year by credits earned by your selected index options.
  • Increasing Income – joint
    Guaranteed income for life – plus an opportunity for payment increases. This offers a smaller payment up front compared to the Level Income option, with the potential to increase each year by credits earned by your selected index options. Joint payments are based on the age of the younger eligible person. Be sure to adjust entries accordingly.

NOTE: Annual income payments are guaranteed for life, assuming you do not take more than the annual maximum income payment.

Lifetime income payments can begin on any Index Anniversary once the eligible person(s) reaches age 50, and no later than age 100 after a minimum waiting period of one index year. For joint income payments, the age of the younger eligible person will be used to determine income percentages, income percentage increases, and when income payments begin. Initial income percentages and income percentage increases are established on the Index Effective Date. The minimum waiting period and the income percentage/income percentage increase table that is used to determine the initial income percentages and income percentage increases are established either on the date the application is signed or the Issue Date as stated in the Income Benefit supplement.

An eligible person is the contract owner and their spouse as long as the spouse is an owner or sole primary or sole contingent beneficiary as specified in the prospectus. As indicated in the prospectus, joint payments may not be available if your spouse is not named as an owner/sole primary beneficiary/sole contingent beneficiary at issue, or if the age difference between spouses is too great.

Call your financial professional or Allianz Life Financial Services, LLC, member FINRA, at 800.624.0197 to obtain a prospectus about the AZL® Government Money Market Fund. The prospectuses contain details on investment objectives, risks, fees, and expenses, as well as other information about the variable annuity and the AZL Government Money Market Fund, which you should carefully consider. Please read the prospectuses thoroughly before sending money.