These investment options seek total return by investing in bonds with low credit ratings. Because of the risky nature of high-yield bonds, high-yield investment options have a higher degree of market risk than the average bond investment option in addition to credit risk and potential illiquidity.
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The Allianz Investment Management LLC, Allianz Global Investors, NFJ Investment Group LLC, and PIMCO investment options are managed by an affiliate of Allianz Life Insurance Company of North America, Allianz Life Insurance Company of New York, and Allianz Life Financial Services, LLC. All are affiliated companies.
Guarantees are backed by the financial strength and claims-paying ability of the issuing company and do not apply to the performance of the variable subaccounts, which will fluctuate with market conditions.
Products are issued by Allianz Life Insurance Company of New York, One Chase Manhattan Plaza, 38th Floor, New York, NY 10005-1423, and distributed by its affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297.
Product and features are available only in New York, and may vary by broker/dealer.