Allianz Accumulation Advantage® Annuity

Are you concerned about saving enough for retirement, while protecting a portion of your portfolio from market losses? Allianz Accumulation Advantage® Annuity may be a good choice if you don’t need retirement income for at least 10 years. It offers competitive rates, innovative features, and flexible ways to access your money down the road.

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Accumulation plus innovation

Allianz Accumulation Advantage® is designed to emphasize accumulating for retirement. Because it’s a fixed index annuity (FIA) it offers tax-deferred growth, and 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, as our video explains.

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[Narrator] Like a lot of people, Hardell is looking forward to retirement.

[On-screen disclosure] Hardell is hypothetical and is not an actual Allianz customer. [End of on-screen disclosure]

But also like a lot of people, Hardell is realizing that retirement isn’t as far away as it once seemed.

To enjoy the retirement he envisions, Hardell knows he will need to emphasize saving over the next 10 years –

– and that he’ll need to reduce the impact of market volatility, too.

After reviewing Hardell’s needs, his financial professional recommends Allianz Accumulation Advantage® Annuity as part of his diversified portfolio.

Allianz Accumulation Advantage® is designed to emphasize accumulation over a period of at least ten years …

… while protecting a portion of Hardell’s retirement savings from market losses.

It also gives him flexible options for accessing the money in his annuity.

Hardell also likes that he can take his annuity’s entire accumulation value as a lump sum after 10 years, if he wants.

Hardell’s financial professional explains that an annuity is simply a contract with an insurance company.

In exchange for Hardell’s purchase payment, an annuity offers several benefits.

[On-screen disclosure] 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 Allianz Accumulation Advantage® offers an additional benefit: the potential for fixed or indexed interest.

Hardell is familiar with fixed interest, which is paid at a steady rate.

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

Here’s how it works: Allianz tracks Hardell’s chosen index value over a specified period of time.

[On-screen disclosure] Hypothetical example. [End of on-screen disclosure]

And if the index ends at a higher value than where it started, Hardell’s annuity earns interest, up to certain limits. These limits may include caps, spreads, and participation rates.

Allianz Accumulation Advantage® even gives Hardell the option to lock in an index value, either manually or automatically, to help ensure a positive credit.

Hardell is not actually buying stocks or shares in the index, however.

[On-screen disclosure] Although an external index may affect your interest credited, the contract does not directly participate in any equity or fixed income investments.
You are not buying shares in an index. [End of on-screen disclosure]

So, if there is a market downturn, his annuity’s value is never reduced because of market losses.

[On-screen disclosure] Hypothetical example.
The purchase payments 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, he doesn’t have to make up any losses before he can start earning indexed interest.

Over time, this can help accelerate Hardell’s accumulation potential. How great is that?

Allianz Accumulation Advantage® also gives Hardell options for accessing his money during and after the 10-year withdrawal charge period.

[On-screen disclosure] Annuities are long-term contracts designed for retirement, so there may be fees or penalties – including withdrawal charges – if you take money out early.
Any distributions are subject to ordinary income tax and, if taken prior to 59½, a 10% federal additional tax. [End of on-screen disclosure]

For example: After the first contract year, Hardell can take up to 10% of the money he placed in the annuity as free withdrawals each year – with no withdrawal charges or market value adjustments.

After his fifth contract year, Hardell can choose to receive annuity payments based on his accumulation value.

And after 10 years, if Hardell hasn’t started annuity payments, he can choose to either continue building his retirement savings …

… or withdraw some or all of his money in a lump sum, with no withdrawal charge or market value adjustment.

Is your situation similar to Hardell’s?

If so, Allianz Accumulation Advantage® Annuity may help provide accumulation potential today, and flexibility tomorrow.

Call 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.

Premium payments are accepted through the first contract year.

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

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.

C64237-MVA, R95528-01-MVA

AAA-031 (6/2022)

[End of on-screen disclosures]

Features of Allianz Accumulation Advantage®

Innovative crediting

Crediting methods are formulas that help determine how much indexed interest your annuity receives in a given crediting period. Allianz created the innovative MY (multi-year) point-to-point crediting method to offer more accumulation potential over a longer term.

Index Lock

Our Index Lock feature helps you react to volatility by letting you lock in an index value at any point during the crediting period. This assures you receive a positive index credit, no matter what happens in the market during the remainder of the crediting period.²

Flexible access

After at least one contract year has passed since your last premium payment, you can take a free withdrawal of up to 10% each year from your annuity’s premium or accumulation value, whichever is greater. After the fifth contract year, you can receive annuity payments based on the annuity’s accumulation value. And after 10 years – if you haven’t yet started annuity payments – you can withdraw some or all of your money in a lump sum, with no withdrawal charge or market value adjustment (MVA). You can also choose annuitization, and your payment amount will depend on when you begin annuity payments.¹

Allocation options

An allocation option is the combination of an index (such as the S&P 500® Index) and a crediting method. Allianz Accumulation Advantage® lets you choose among the following allocation options.

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® ER Index is comprised of equity and fixed income baskets of exchange-traded funds and cash, and shifts weighting daily between them based on realized market volatility. The baskets provide broad diversification across global and domestic, small- and large-cap opportunities that are evaluated annually by BlackRock asset managers to take advantage of current market trends.

The BlackRock iBLD Claria® ER Index uses an excess return methodology by tracking the price on a synthetic future, which is accomplished by subtracting the prevailing short- term lending rate, as measured by the 3-month London Interbank Offered Rate (LIBOR), from the combined basket returns and accounting for dividends on the exchange-traded funds. 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 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.

The indexes available within the contract are constructed to keep track of diverse segments of the U.S. or international markets, or specific market sectors. These indexes are benchmarks only. Indexes can have different constituents and weighting methodologies. Some indexes have multiple versions that can weight components or may track the impact of dividends differently. Although an index may affect your interest credited, you cannot buy, directly participate in, or receive dividend payments from any of them through the contract.

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. 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. Monthly increases are subject to a cap. Monthly decreases are not subject to a cap.

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.

Talk to your financial professional to learn more

Common questions:

Learn about the key benefits of fixed index annuities.

Get answers to some frequently asked questions.

Current MVA reference rate: 5.02 % as of 5/14/2025

Uses the yield of the Bloomberg US Intermediate Corporate Bond Index

Historical MVA reference rates

Withdrawal charge schedule

Start of contract year	1	2	3	4	5	6	7	8	9	10
Withdrawal charge %	9.30%	8.85%	8.85%	6.95%	5.95%	5.00%	4.00%	3.00%	2.00%	1.00%

¹ Annuity payments begun before the fifth contract anniversary will be based on the contract’s cash value. Annuity payments begun on the fifth contract anniversary or later will be based on either the contract’s cash value or the accumulation value, whichever is greater.

² Exercising an index lock may result in an index interest higher or lower than if a lock had not been exercised.

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® ER Index is comprised of an equity component, a bond component, and a cash component. It shifts weighting between the components daily based on historical realized volatility of the components. The index tracks the return in excess of a benchmark rate. 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 and the BlackRock iBLD Claria® ER Index (the “Indices”) are products of BlackRock Index Services, LLC and have been licensed for use by Allianz Life Insurance Company of North America (“Allianz”). BlackRock®, BlackRock iBLD Claria® Index, BlackRock iBLD Claria® ER 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 Indices 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 Indices or any data or communication related thereto nor does it have any liability for any errors, omissions or interruptions of the Indices.

The Bloomberg US Dynamic Balance Index II is comprised of the Bloomberg US Aggregate RBI Series 1 Index, the S&P 500® Index, and cash, and shifts weighting daily between them based on realized market volatility. The Bloomberg US Aggregate RBI Series 1 Index is comprised of a portfolio of derivative instruments plus cash that are designed to track the Bloomberg US Aggregate Bond Index. The Bloomberg US Aggregate Bond Index is comprised of Bloomberg US investment-grade, fixed-rate bond market securities, including government agency, corporate, and mortgage-backed securities.

The Bloomberg US Dynamic Balance Index II (a "Bloomberg Index") is the property of Bloomberg Index Services Limited and is derived and calculated based on the S&P 500 Index under license from S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) ("S&P Dow Jones Indices"). S&P® is a registered trademark of Standard & Poor's Financial Services LLC and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. S&P 500® is a registered trademark of Standard & Poor's Financial Services LLC and has been licensed for use to Bloomberg Index Services Limited. Neither S&P Dow Jones Indices, its affiliates nor their third party licensors sponsor or promote the Index and no such party shall have any liable in connection with the Bloomberg Index.

“Bloomberg®”, and Bloomberg US Dynamic Balance Index II, Bloomberg US Dynamic Balance II ER Index, Bloomberg US Aggregate RBI® Series 1 Index, and Bloomberg US Aggregate Bond Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the Indexes (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 Index is comprised of the S&P 500^® Index, a bond component comprised of the PIMCO Synthetic Bond Index and a duration overlay, and cash, and shifts weighting between them daily based on historical realized volatility of the components. The PIMCO Synthetic Bond Index is comprised of a small number of derivative instruments designed to provide exposure to U.S. Investment-grade and Treasury bond markets.

The “PIMCO Tactical Balanced Index” is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and Pacific Investment Management Company LLC (“PIMCO”), and has been licensed for use by Allianz Life Insurance Company of North America (“Allianz”). Standard & Poor’s^® and S&P^® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones^® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Allianz. PIMCO’s Trademark(s) are trademarks of PIMCO and have been licensed for use by SPDJI and Allianz. Allianz products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or PIMCO and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the PIMCO Tactical Balanced 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 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").

The S&P 500^® Index is comprised of 500 stocks representing major U.S. industrial sectors. 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. 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.

The "S&P 500® Index", "S&P 500® Futures Index ER", and "S&P 500® Futures Daily Risk Control 5% Index" are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and have been licensed for use by Allianz Life Insurance Company of North America ("Allianz"). S&P®, S&P 500®, US 500, and The 500 are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Allianz. Allianz products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500® Index, S&P 500® Futures Index ER, and/or S&P 500® Futures Daily Risk Control 5% Index.

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.

There is potential for volatility-controlled indexes to underperform compared against benchmark indexes.

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 withdrawal 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 and a partial loss of principal (premium).

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

This content does not apply in the state of New York.

• 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. (C64237-MVA, ICC17C64237-MVA)

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

PSAAA

Allianz Accumulation Advantage® Annuity

Rates

Explore the allocation options

Get more details

Accumulation plus innovation

Features of Allianz Accumulation Advantage®

Innovative crediting

Index Lock

Flexible access

Allocation options

Crediting methods

Talk to your financial professional to learn more

Common questions:

Already own Accumulation Advantage®?

Why consider a fixed index annuity (FIA)?

Have additional questions?

Current MVA reference rate: 5.02 % as of 5/14/2025

Withdrawal charge schedule

Allianz Accumulation Advantage® Annuity

Already own Accumulation Advantage®?

Why consider a fixed index annuity (FIA)?

Have additional questions?

Current MVA reference rate: 5.02 % as of 5/14/2025

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