1 The Index Protection NY Strategy and the EURO STOXX 50® are not available to contracts issued prior to August 24, 2015.

2 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.

For current caps on newly issued contracts, go to www.allianzlife.com/indexratesny.

Caps are subject to change on the Term Start Date. Caps and buffers can vary between index options, between newly issued contracts and inforce contracts, and between inforce contracts issued on different days and in different years. Caps for a 1-year term cannot be less than 1.50%. Caps for the 3-year term cannot be less than 5%. Although an index or indexes will affect your Index Option Values, the Index Options do not directly participate in any stock or equity investment and are not a direct investment in an index.

You can lose money you allocate to the Index Performance Strategy and Index Protection NY Strategy as a result of index fluctuations, and that loss could be substantial. If the annual index return is 0%, you could lose money as a result of the deduction of any applicable contract fees and charges.

This material must be preceded or accompanied by a current prospectus for index variable annuities. Call your financial professional or Allianz Life Financial Services, LLC, member FINRA, at 800.624.0197 to obtain a prospectus about the variable options. The prospectuses contain details on investment objectives, risks, fees, and expenses, as well as other information about the variable annuity and variable options, which you should carefully consider. Please read the prospectuses thoroughly before sending money.