Allianz 222® Annuity

Are you concerned about saving enough for retirement, while protecting a portion of your portfolio? Allianz 222® Annuity may be a good choice if you want flexibility and don’t need retirement income for at least 10 years. It offers two ways to get a bonus,¹ two ways to get an income increase, and two ways for your beneficiaries to receive the death benefit.

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Valuable benefits plus flexibility

Allianz 222® is designed to emphasize lifetime income in retirement. Because it’s a fixed index annuity (FIA), it offers tax-deferred growth, protects your principal and credited interest from market downturns, and provides a death benefit for beneficiaries. It also has innovative features that may give you even more potential.

Features of Allianz 222® Annuity

Two ways to get a bonus

Allianz 222® Annuity offers two ways to receive a bonus on the Protected Income Value of your contract.¹ You’ll receive a 45% premium bonus on any premium you place in your annuity in the first 18 months. You’ll also receive an interest bonus resulting in a credit of 150% of any fixed and/or indexed interest your contract earns – for as long as you live.

Two ways to get an income increase

When you’re ready to start receiving income, your lifetime income withdrawals can increase based on any interest you’ve earned, enhanced by the 150% interest bonus factor. Plus, you can double your annual maximum withdrawal under qualifying circumstances.

Two ways to get a death benefit

Allianz 222® Annuity also gives beneficiaries the option to receive your annuity's full accumulation value² in a lump sum if they wish, or instead, they can receive the full Protected Income Value as annuity payments over at least five years.

Index Lock

React to volatility by locking in a positive change in index value at any point during the crediting period. Index Lock can assure you receive a positive index credit, no matter what happens in the market during the remainder of the crediting period.³

Allocation options

An allocation option is the combination of an index – such as the S&P 500® Index – and a crediting method. Allianz 222® lets you choose among the following indexes (options may vary by state).

S&P 500® Index

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).

Bloomberg US Dynamic Balance II ER Index

The Bloomberg US Dynamic Balance II ER Index is comprised of the Bloomberg US Equity Custom Futures ER Index and the Bloomberg US Aggregate Custom RBI Unfunded Index and shifts weighting between them daily based on historical realized volatility. In order to manage index volatility during times of high volatility the index weights may not add up to 100%. The Bloomberg US Equity Custom Futures ER Index is a custom index that tracks futures on large-cap equities, similar to futures on the S&P 500® Index. The Bloomberg US Aggregate Custom RBI Unfunded Index is a custom index designed to track futures prices on the Bloomberg US Aggregate Bond Index – a well-established benchmark for the U.S. bond markets. The Bloomberg US Dynamic Balance II 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).

PIMCO Tactical Balanced ER Index

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 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).

BlackRock iBLD Claria® ER Index

The BlackRock iBLD Claria® Index is comprised of an equity component, a fixed income component, and a cash component. It shifts weighting between them daily based on historical realized volatility of the components. Annually, BlackRock® will set allocations to the ETFs within each of the equity component and the fixed income component, based on(or reflecting) BlackRock’s market outlook

Available with annual point-to-point with a participation rate crediting method (see description below).

S&P 500® Futures Daily Risk Control 5% Index

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

Fixed Interest

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

Crediting methods

Crediting methods are simply mathematical formulas that determine how much indexed interest your annuity receives based on changes in an index during a given timeframe ("crediting period").

Annual point-to-point with a cap

This straightforward crediting method uses the index value from only two points in time, so it may be a good choice if you want to minimize the effects of midyear market volatility. A cap sets an upper limit on how much indexed interest is credited to your annuity at the end of each crediting period.

Annual point-to-point with a participation rate

This straightforward crediting method uses the index value from only two points in time, so it may be a good choice if you want to minimize the effects of midyear market volatility. A participation rate determines what percentage of the positive index change is credited to your annuity at the end of each crediting period.

Monthly sum

This crediting method looks at the index value each month on the contract’s anniversary and compares it to the prior month’s value, then calculates the percentage of change. A cap is applied to any positive changes; however, there is no cap to negative changes. At the end of the year, the monthly index increases and decreases are added up. If the final sum is positive, the annuity receives that amount as indexed interest.

MY (multi-year) point-to-point with a participation rate

Similar to annual point-to-point, but with a 2-year or 5-year crediting period. A participation rate determines what percentage of the positive index change is credited to your annuity at the end of each crediting period.

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Current MVA reference rate: 5.05 % as of 8/5/2026

Uses the yield of the Bloomberg US Intermediate Corporate Bond Index

Historical MVA reference rates

¹The premium bonus and interest bonus are credited only to the Protected Income Value (PIV). To receive the PIV, including the bonus, the contract must be held for at least 10 contract years, and then lifetime income withdrawals must be taken. You will not receive the bonuses if the contract is fully surrendered or if traditional annuitization payments are taken. If it is partially surrendered the PIV will be reduced proportionally, which could result in a partial loss of bonuses. Income withdrawals are considered partial withdrawals and are subject to ordinary income tax and, if taken prior to age 59½, a 10% federal additional tax. Because this is a bonus annuity, it may include higher surrender charges, longer surrender charge periods, lower caps, higher spreads, or other restrictions that are not included in similar annuities that don't offer a bonus feature.

²The lump-sum death benefit is equal to the greater of the contract’s accumulation value, cumulative withdrawal amount, or guaranteed minimum value.

³Exercising an Index Lock may result in an interest credit higher or lower than had the lock not been exercised. Index Lock is not available with all allocation options.

The BlackRock iBLD Claria^® Index is comprised of an equity component, a bond component, and a cash component. It shifts weighting between them daily based on historical realized volatility of the components. Annually, BlackRock will set allocations to the ETFs within each of the equity component and the bond component. The equity component will be comprised of the following ETFs: iShares Russell 2000 ETF, iShares Core S&P 500 ETF, iShares MSCI EAFE ETF, iShares MSCI Emerging Markets ETF. The bond component will be comprised of the following ETFs: iShares 1-3 year Treasury Bond ETF, iShares 3-7 year Treasury Bond ETF, iShares 7-10 year Treasury Bond ETF. The cash component is represented by the 3 month LIBOR rate.

The BlackRock iBLD Claria^® Index (the “Index”) is a product of BlackRock Index Services, LLC and has been licensed for use by Allianz Life Insurance Company of North America (“Allianz”). BlackRock^®, BlackRock iBLD Claria^® Index, and the corresponding logos are registered and unregistered trademarks of BlackRock. The Allianz product is not sponsored, endorsed, sold or promoted by BlackRock Index Services, LLC, BlackRock, Inc., or any of its affiliates, or any of their respective third party licensors (including the Index calculation agent, as applicable) (collectively, “BlackRock”). BlackRock has no obligation or liability in connection with the administration or marketing of the Allianz product. BlackRock makes no representation or warranty, express or implied, to the owners of the Allianz product or any member of the public regarding the advisability of investing in the Allianz product or the ability of the Index to track general market performance. BlackRock does not guarantee the adequacy, accuracy, timeliness, and/or completeness of the Index or any data or communication related thereto nor does it have any liability for any errors, omissions or interruptions of the Index.

The Bloomberg US Dynamic Balance II ER Index is comprised of the Bloomberg US Aggregate Custom RBI Unfunded Index and the Bloomberg US Equity Custom Futures ER Index and shifts weighting daily between them based on realized market volatility. The Bloomberg US Aggregate Custom RBI Unfunded Index is comprised of a portfolio of derivative instruments that are designed to provide exposure to U.S. Investment-grade and Treasury bond markets in excess of a benchmark rate. The Bloomberg US Equity Custom Futures ER Index is designed to provide exposure to large cap U.S stocks in excess of a benchmark rate.

“Bloomberg®” and Bloomberg US Dynamic Balance II ER Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index (collectively, “Bloomberg”) and have been licensed for use for certain purposes by Allianz Life Insurance Company of North America ("Allianz"). Bloomberg is not affiliated with Allianz Life Insurance Company of North America ("Allianz"), and Bloomberg does not approve, endorse, review, or recommend the Allianz product. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Allianz product.

The PIMCO Tactical Balanced ER Index is comprised of the U.S. Equity Futures Custom Index, a bond component comprised of the PIMCO Synthetic Bond ER Index and a duration overlay, and shifts weighting between them daily based on historical realized volatility of the components. The U.S. Equity Futures Custom Index provides exposure to large cap U.S. stocks in excess of a short-term interest rate. The PIMCO Synthetic Bond ER Index is comprised of a small number of derivative instruments designed to provide exposure to U.S. Investment-grade and Treasury bond markets in excess of a short-term interest rate. The Index is an excess return index, which means that it captures the returns of the underlying constituents which are in excess of a short-term interest rate. All else equal, higher short-term interest rates would result in an excess return index to underperform a non-excess return version of the same index.

The “PIMCO Tactical Balanced ER Index” (the “Index”) is a rules-based index that tactically allocates across U.S. equity and fixed income markets using quantitative signals. The Index is a trademark of Pacific Investment Management Company LLC (“PIMCO”) and has been licensed for use for certain purposes by Allianz Life Insurance Company of North America (the “Company” or “Allianz”) with respect to this Allianz product (the “Product”). The Index is the exclusive property of PIMCO and is made and compiled without regard to the needs, including, but not limited to, the suitability or appropriateness needs, as applicable, of the Company, the Product, or any Product owners. The Product is not sold, sponsored, endorsed or promoted by PIMCO or any other party involved in, or related to, making or compiling the Index. PIMCO Tactical Balanced Excess Return Index performance contains backtested performance beginning 22 April 2004, which is prior to the actual launch of the index: The PIMCO Tactical Balanced Excess Return Index launched on 2 August 2018.

Neither PIMCO nor any other party involved in, or related to, making or compiling the Index has any obligation to continue to provide the Index to the Company with respect to the Product. In the event that the Index is no longer available to the Product or Product owners, the Company may seek to replace the Index with another suitable index, although there can be no assurance that one will be available.

PIMCO is affiliated with Allianz Life Insurance Company of North America ("Allianz").

Allianz Life Insurance Company of North America may provide compensation to third parties other than index providers based on premium allocated to certain indices. One or more of these third parties may have an indirect affiliation with your financial professional.

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

During the first 10 years, a surrender charge and MVA will apply if the contract is partially or fully surrendered. These charges may result in a loss of indexed interest and fixed interest, interest bonus, and a partial loss of principal (premium).

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

This product is available in Oregon only.

• 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

Products are issued by Allianz Life Insurance Company of North America, PO Box 59060, Minneapolis, MN 55459-0060. (C54370-MVA, R95352-MVA, ICC16C54370-MVA)

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

PS222

Allianz 222® Annuity

Rates

Explore the allocation options

Get more details

Valuable benefits plus flexibility

Features of Allianz 222® Annuity

Two ways to get a bonus

Two ways to get an income increase

Two ways to get a death benefit

Index Lock

Allocation options

Crediting methods

Talk to your financial professional to learn more

Common questions:

Already own Allianz 222®?

Why consider a fixed index annuity (FIA)?

Have additional questions?

Current MVA reference rate: 5.05 % as of 8/5/2026

Allianz 222® Annuity

Already own Allianz 222®?

Why consider a fixed index annuity (FIA)?

Have additional questions?

Current MVA reference rate: 5.05 % as of 8/5/2026

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