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.¹ It offers two ways to get a bonus,² 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, as our video explains.

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[Narrator] Like a lot of folks, Mia and Mark look forward to retiring in a few years.

[On-screen disclosure] Mia and Mark are hypothetical and are not actual Allianz customers. [End of on-screen disclosure]

But while they have some savings, they still worry about the what-ifs.

They decide to review their retirement strategy with their financial professional. She explains that while you can't anticipate everything, some financial tools provide additional flexibility to help address life's unexpected turns.

One such tool is Allianz 222+™ Annuity.

Their financial professional explains that it's named 222 because it offers two ways to get a bonus, two ways to get income increases, and two ways for beneficiaries to get the death benefit.

[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]

Allianz 222+™ also has innovative features that can provide added potential and flexibility. But let's start with the basics.

[On-screen disclosure] The death benefit is available in the accumulation phase, prior to annuitization. Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America. [End of on-screen disclosure]

Allianz 222+™ Annuity is simply a contract that provides several key benefits. And because it's a fixed index annuity, Allianz 222+™ offers an additional benefit: the potential to earn fixed or indexed interest.

Mia and Mark are familiar with fixed interest, which is declared annually and credited daily.

Indexed interest, on the other hand, is based on changes in an external market index. Here's how it works.

[On-screen disclosure] Hypothetical illustration [End of on-screen disclosure]

Allianz tracks the index value over a specified period of time, which we call a crediting period. And if the index ends at a higher value than where it started, Mia and Mark's annuity earns interest up to certain limits.

Allianz 222+™ even gives Mia and Mark the option to lock in an index value, either manually or automatically, to ensure a positive credit.

[On-screen disclosure] Exercising an Index Lock may result in crediting interest higher or lower than if a lock had not been exercised. [End of on-screen disclosure]

They're not actually buying stocks or shares in the index, however, so if there is a market downturn, their annuity's value is never reduced because of market losses.

[On-screen disclosure] The premium and interest are not at risk due to market losses, but fees and charges may reduce the contract value. [End of on-screen disclosure]

And if the market goes up again, Mia and Mark don't have to make up any losses before they can start earning indexed interest.

Over time, this can help accelerate their accumulation potential.

And you know what else can help with that?

Two different bonuses, which are credited to their protected income value.

[On-screen disclosure] The premium bonus and interest bonus are credited only to the Protected Income Value. To receive the PIV, including the bonuses, the contract must be held for at least 10 contract years, and then lifetime withdrawals must be taken. You will not receive the bonuses if the contract is fully surrendered or if annuitization payments are taken. If it is partially surrendered the PIV will be reduced proportionally, which could result in a partial loss of bonuses. [End of on-screen disclosure]

This is a separate value in their annuity that we've specifically designed for lifetime withdrawals.

The first bonus is based on how much premium Mia and Mark put into their annuity. We also add a second bonus to their protected income value: an interest bonus in any year they earn interest from their chosen allocations.

And remember what we said about two ways to receive income increases?

[On-screen disclosure] Hypothetical illustration. Increasing income potential is provided through a built-in rider at no additional cost. [End of on-screen disclosure]

Mia and Mark will continue to receive the interest bonus in any year their contract earns interest, even after they start taking lifetime withdrawals from their protected income value.

What's more, once their payment amount increases, it's locked in at that new higher level.

[On-screen disclosure] In some circumstances, using the Income Flex Benefit may deplete the accumulation value more quickly and affect other benefits. [End of on-screen disclosure]

For added flexibility, Mia and Mark can choose to waive their income increase in any given year, and instead set aside an additional withdrawal amount we call the Income Flex Benefit amount. This allows Mia and Mark to access more of their annuities value sooner to help address unexpected expenses.

There's also a second way Mia and Mark's income can increase under qualifying circumstances.

[On-screen disclosure] To receive the Allianz Income Multiplier Benefit, you must be confined to a qualified hospital, nursing facility, or assisted living facility for at least 90 days in a consecutive 120-day period or become unable to perform two of the six activities of daily living (ADLs) for at least 90 days. [End of on-screen disclosure]

As long as their contract has an accumulation value, they can double their annual maximum withdrawal if a covered person can't perform at least two of the six activities of daily living or are confined in an eligible facility.

That can include a hospital, nursing facility, or assisted living facility, subject to benefit eligibility requirements.

Hopefully Mia and Mark won't need this benefit, but isn't it nice to have a plan for it anyway?

Finally, Mia and Mark appreciate that Allianz 222+™ gives their beneficiaries two ways to receive the contract's death benefit.

[On-screen disclosure] The death benefit is available in the accumulation phase, prior to annuitization. Your beneficiary(ies) can receive the greater of the accumulation value, guaranteed minimum value, or cumulative withdrawal amount as a lump sum. [End of on-screen disclosure]

Their beneficiaries can receive the accumulation value as a lump sum if they choose,

[On-screen disclosure] Your beneficiary(ies) can receive the greater of the accumulation value, guaranteed minimum value, or cumulative withdrawal amount as a lump sum(this option doesn't include any bonuses associated with the PIV). [End of on-screen disclosure]

or they can receive the protected income value, including the premium and interest bonuses, as annuity payments over as few as five years.

When it comes to preparing for the future, Allianz 222+™ Annuity can be a great part of your overall retirement strategy because it can provide guaranteed income for life, plus the flexibility to help address those unexpected what-ifs.

Think Allianz 222+™ Annuity may be a good fit for you? Talk with your financial professional to learn more.

[On-screen disclosures]

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.

Fixed index 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 18 months.

The PIV and increasing income potential are provided through built-in riders at no additional cost.

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.

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.

C64997-MVA, R95352-01-MVA

M-8937 (3/2025)

[End of on-screen disclosures]

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 (PIV) of your contract.² You’ll receive a 52% PIV premium bonus on any premium you place in your annuity in the first 18 months. You’ll also receive a PIV interest bonus factor 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% PIV 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 value³ 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 help assure you receive a positive index credit, no matter what happens in the market during the remainder of the crediting period.⁴

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 with a cap, annual point-to-point with a cap and 1-year performance trigger crediting methods (see descriptions below).

Blended Futures Index

The Blended Futures Index is constructed by allocating to futures indexes in fixed percentages to provide a 60/40 mix between equity and bond indexes: Bloomberg US 10-year Note Custom Futures ER Index (40%), S&P 500 Futures Index ER (30%), Bloomberg US Small Cap Custom Futures ER Index (20%), and Bloomberg International Equity Custom Futures ER Index (10%). These components use an excess return methodology by tracking the price of futures, which reflect the expected future price of an index and account for expected dividends.

The index allocates these fixed, specified percentages to each component to increase diversification and reduce volatility in returns.

Available with annual point-to-point with a participation rate (see descriptions below).

Bloomberg US Dynamic Balance III ER Index

The Bloomberg US Dynamic Balance III ER Index is comprised of varying exposure to the Bloomberg US Equity Futures Basket ER Index. The Bloomberg US Equity Futures Basket ER Index is comprised of three sub-indexes, the Bloomberg US Equity Custom Futures ER Index, the Bloomberg US Small Cap Custom Futures ER Index, and the Bloomberg NDX Equity Custom Futures ER Index, with weights of 80%, 10%, and 10%, respectively, rebalanced daily. 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. The Bloomberg US Small Cap Custom Futures ER Index is designed to provide exposure to small cap U.S. stocks in excess of a benchmark rate. The Bloomberg NDX Equity Custom Futures ER Index is designed to provide exposure to technology sector U.S. stocks in excess of a benchmark rate.

The Bloomberg US Dynamic Balance III 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 volatility and changing short-term interest rates on renewal rates.

Available with 1-year highest daily value with a participation rate, annual point-to-point with a participation rate, and 2- and 5-year MY point-to-point with a participation rate (see descriptions below).

Morgan Stanley Strategic Trends 10 ER Index

The Morgan Stanley Strategic Trends 10 ER Index is comprised of the NASDAQ 100 Futures Excess Return Index and the 10-year Treasury MSCRF Rolling Futures Index. It shifts exposure between them based on three trends:

No clear interest rate trend in the market – 60% NASDAQ 100 Futures ER Index, 40% 10-year Treasury MSCRF Rolling Futures Index
Both short-term and long-term interest rates are increasing – 60% NASDAQ 100 Futures ER Index, -40% 10-year Treasury MSCRF Rolling Futures Index
Both short-term and long-term interest rates are increasing – 40% NASDAQ 100 Futures ER Index, 60% 10-year Treasury MSCRF Rolling Futures Index

Once the base weights between equity and bond are set, the realized volatility of the two indexes is calculated. Exposure of the index is then increased or decreased using a historical realized volatility calculation to target a volatility level of 10%.

The Morgan Stanley Strategic Trends 10 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- and 5-year MY point-to-point with a participation rate (see descriptions 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 and 5-year MY point-to-point with a participation rate crediting methods (see description below).

S&P 500® Futures Index ER

The S&P 500® Futures Index aims to measure the performance of the nearest maturing quarterly E-mini S&P 500® futures contract. The index rolls every March, June, September, and December after the market closes five business days preceding the last trading day of the futures contract.

Available with annual point-to-point with a participation rate, and 2- and 5-year MY point-to-point with participation rate (see descriptions below).

Fixed Interest

A fixed 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"). Not all crediting methods are available with all index options.

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 with a cap

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. There is a cap on positive changes, but no cap on negative changes. If the final sum is positive, the annuity receives that amount as indexed interest, up to a cap.

1-year performance trigger

This simple crediting method also uses the index value from two points in time and gives you the opportunity to receive a predetermined indexed interest credit based on a "trigger interest rate" that we declare annually. On your contract anniversary, we look at the change in the external index for the crediting period. If the index change is greater than or equal to 0%, your accumulation value will be credited with the trigger interest rate for that crediting period.

1-year highest daily value with a participation rate

This straightforward crediting method determines the highest index value of the external index at market close of any given day during the crediting period. On your contract anniversary, if the change between the highest index value and the starting index value is positive, a participation rate is applied to determine what percentage of the positive index change is credited to your annuity at the end of each crediting period.

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: 4.72 % as of 4/24/2026

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%	9.30%	8.30%	7.30%	6.25%	5.25%	4.20%	3.15%	2.10%	1.05%

¹Clients can start taking lifetime withdrawals on or after the 10th contract anniversary so long as the covered person is 60 or older on the most recent contract anniversary.

²The premium bonus and interest bonus are credited only to the Protected Income Value (PIV). To receive the PIV, including the value of these bonuses, the contract must be held for at least 10 contract years and then lifetime withdrawals must be taken between the ages of 60 and 100. The PIV is not available as a lump sum. Clients will not receive these bonuses if the contract is fully withdrawn or if traditional annuity payments are taken. If the client takes any type of withdrawal the PIV will be reduced proportionally. Withdrawals and are subject to ordinary income tax and, if taken prior to age 59½, a 10% federal additional tax. Bonus annuities may include higher withdrawal charges, longer withdrawal charge periods, lower rates, or other restrictions that are not included in similar annuities that do not offer a bonus feature.

³The lump-sum death benefit is equal to the greater of the contract’s accumulation value, cumulative withdrawal amount, or guaranteed minimum value.

⁴Exercising an Index Lock may result in an interest credit higher or lower than had the lock not been exercised. Allianz will not provide advice or notification regarding whether to exercise an Index Lock or the optimal time for doing so. Index Lock is not available with all allocation options.

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 interest credited, clients cannot purchase, directly participate in, or receive dividend payments from any of them through the annuity contract.

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

The Blended Futures Index is comprised of four sub-indexes: S&P 500® Futures Index ER, Bloomberg International Equity Custom Futures ER Index, Bloomberg US 10yr Note Custom Futures ER Index, and Bloomberg US Small Cap Custom Futures ER Index.

“Bloomberg®” and the Bloomberg indices referenced herein (the “Indices”, and each such index, an “Index”) are trademarks or service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the Index (collectively, “Bloomberg”) and/or one or more third-party providers (each such provider, a “Third-Party Provider,”) and have been licensed for use for certain purposes to Allianz Life Insurance Company of North America (the “Licensee”). To the extent a Third-Party Provider contributes intellectual property in connection with the Index, such third-party products, company names, and logos are trademarks or service marks, and remain the property, of such Third-Party Provider. Bloomberg is not affiliated with the Licensee or a Third-Party Provider, and Bloomberg does not approve, endorse, review, or recommend the financial products referenced herein (the “Financial Products”). Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Indices or the Financial Products.

The Bloomberg US Dynamic Balance III ER Index is comprised of varying exposure to the Bloomberg US Equity Futures Basket ER Index, where the exposure is primarily determined by market implied volatility. The Bloomberg US Equity Futures Basket ER Index is comprised of three sub-indexes: the Bloomberg US Equity Custom Futures ER Index, the Bloomberg US Small Cap Custom Futures ER Index, and the Bloomberg US Tech Custom Futures ER Index, with intended weights of 80%, 10%, and 10%, respectively, rebalanced daily. The Bloomberg US Equity Custom Futures ER Index generally maintains exposure to large cap U.S. stocks via futures in excess of the corresponding benchmark portfolio. The Bloomberg US Small Cap Custom Futures ER Index generally maintains exposure to small cap U.S. stocks via futures in excess of the corresponding benchmark portfolio. The Bloomberg US Tech Custom Futures ER Index generally maintains exposure to technology sector U.S. stocks via futures in excess of the corresponding benchmark portfolio. The Bloomberg US Intermediate Corporate Bond Index measures the investment grade, U.S. dollar-denominated, fixed-rate, taxable corporate bond market including USD-denominated securities publicly issued by U.S. and non-U.S. industrial, utility and financial issuers that meet specified liquidity and quality requirements and have a maturity of greater than one year and less than ten years.

"Bloomberg®", Bloomberg US Dynamic Balance III ER Index, and Bloomberg US Intermediate Corporate 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.

MORGAN STANLEY STRATEGIC TRENDS 10 ER INDEX (THE “INDEX”) IS THE PROPERTY OF MORGAN STANLEY & CO. LLC.

ANY PRODUCT THAT IS LINKED TO THE PERFORMANCE OF THE INDEX IS NOT SPONSORED, ENDORSED, SOLD OR PROMOTED BY MORGAN STANLEY & CO. LLC, OR ANY OF ITS AFFILIATES (COLLECTIVELY, “MORGAN STANLEY”). NEITHER MORGAN STANLEY NOR ANY OTHER PARTY (INCLUDING WITHOUT LIMITATION ANY CALCULATION AGENTS OR DATA PROVIDERS) MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, REGARDING THE ADVISABILITY OF PURCHASING ANY PRODUCT LINKED TO THIS INDEX. IN NO EVENT SHALL MORGAN STANLEY HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT OR CONSEQUENTIAL DAMAGES INCLUDING LOST PROFITS, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. THE INDEX IS THE EXCLUSIVE PROPERTY OF MORGAN STANLEY. MORGAN STANLEY AND THE INDEX ARE SERVICE MARKS OF MORGAN STANLEY AND HAVE BEEN LICENSED FOR USE FOR CERTAIN PURPOSES BY ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA (“LICENSEE”). NEITHER MORGAN STANLEY NOR ANY OTHER PARTY HAS OR WILL HAVE ANY OBLIGATION OR LIABILITY TO OWNERS OF THIS PRODUCT IN CONNECTION WITH THE ADMINISTRATION OR MARKETING OF THIS PRODUCT, AND NEITHER MORGAN STANLEY NOR ANY OTHER PARTY GUARANTEES THE ACCURACY AND/OR THE COMPLETENESS OF THE INDEX OR ANY DATA INCLUDED THEREIN.

No purchaser, seller or holder of this product, or any other person or entity, should use or refer to any Morgan Stanley trade name, trademark or service mark to sponsor, endorse, market or promote this product, without first contacting Morgan Stanley to determine whether Morgan Stanley’s permission is required. Under no circumstances may any person or entity claim any affiliation with Morgan Stanley without the prior written permission of Morgan Stanley.

The Index applies a bespoke volatility control mechanism to seek to identify changing market conditions using intraday data with the aim of stabilizing the overall level of risk of the Index. The volatility control calculation applied by Morgan Stanley as part of the Index’s methodology may decrease the Index’s performance and thus the return of any product linked to the Index. In addition, because the volatility control calculation is expected to reduce the overall volatility of the Index, it will also reduce the cost of hedging certain products linked to the Index.

Morgan Stanley may transact derivative transactions linked to the Index. Potential purchasers of products linked to this Index should refer to the full offering document for important information concerning such products, including the related risk factors and make their own appraisal of the risks and suitability of such products.

Nasdaq®, Nasdaq-100 Rolling Futures™, Nasdaq-100®, NDXNQER™ are trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Allianz Life Insurance Company of North America. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

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 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", 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®, SPX®, SPY®, US 500™, The 500™, iBoxx®, iTraxx® and CDX® 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. It is not possible to invest directly in an index. Allianz products are not sponsored or sold by SPDJI, Dow Jones, S&P, any of their respective affiliates (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices do not make any representation or warranty, express or implied, to the owners of the Allianz products or any member of the public regarding the advisability of investing in securities generally or in Allianz products particularly or the ability of the S&P 500® Index, and/or S&P 500® Futures Daily Risk Control 5% Index to track general market performance. Past performance of an index is not an indication or guarantee of future results. S&P Dow Jones Indices’ only relationship to Allianz with respect to the S&P 500® Index, and S&P 500® Futures Daily Risk Control 5% Index is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The S&P 500® Index, and S&P 500® Futures Daily Risk Control 5% Index are determined, composed and calculated by S&P Dow Jones Indices without regard to Allianz or Allianz products. S&P Dow Jones Indices have no obligation to take the needs of Allianz or the owners of Allianz products into consideration in determining, composing or calculating the S&P 500® Index, and S&P 500® Futures Daily Risk Control 5% Index. S&P Dow Jones Indices have no obligation or liability in connection with the administration, marketing or trading of Allianz products. There is no assurance that investment products based on the S&P 500® Index, or S&P 500® Futures Daily Risk Control 5% Index will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment adviser, commodity trading advisory, commodity pool operator, broker dealer, fiduciary, “promoter” (as defined in the Investment Company Act of 1940, as amended), “expert” as enumerated within 15 U.S.C. § 77k(a) or tax advisor. Inclusion of a security, commodity, crypto currency or other asset within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, commodity, crypto currency or other asset, nor is it considered to be investment advice or commodity trading advice. SPDJI provides indices that use environmental, social and/or governance (ESG) indicators (including, without limit, business involvement screens, conformance to voluntary corporate standards, GHG emissions data, and ESG scores) to select, weight and/or exclude constituents. ESG indicators seek to measure a company’s, or an asset’s performance, with respect to E, S and/or G criteria. ESG indicators are derived from publicly reported data, modelled data, or a combination of reported and modelled data. ESG indicators are based on a qualitative assessment due to the absence of well-defined uniform market standards and the use of multiple methodologies to assess ESG factors. No single clear, definitive test or framework (legal, regulatory, or otherwise) exists to determine labels such as, ‘ESG’, ‘sustainable’, ‘good governance’, ‘no adverse environmental, social and/or other impacts’, or other equivalently labelled objectives. Therefore, the exercise of subjective judgment is necessary. Different persons may classify the same investment, products and/or strategy differently regarding the foregoing labels.

NEITHER S&P DOW JONES INDICES NOR THIRD PARTY LICENSOR GUARANTEES THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE S&P 500® INDEX, AND S&P 500® FUTURES DAILY RISK CONTROL 5% INDEX OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY ALLIANZ, OWNERS OF THE ALLIANZ PRODUCTS, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE S&P 500® INDEX, AND S&P 500® FUTURES DAILY RISK CONTROL 5% INDEX OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. S&P DOW JONES INDICES HAS NOT REVIEWED, PREPARED AND/OR CERTIFIED ANY PORTION OF, NOR DOES S&P DOW JONES INDICES HAVE ANY CONTROL OVER, THE LICENSEE PRODUCT REGISTRATION STATEMENT, PROSPECTUS OR OTHER OFFERING MATERIALS. THERE ARE NO THIRD-PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND ALLIANZ, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.

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 withdrawal charge and MVA will apply if the contract is partially or fully withdrawn. These charges may result in a loss of indexed interest and fixed interest and a partial loss of principal (premium).

Guarantees are backed solely by the financial strength and claims-paying ability of the issuing insurance company.

• 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. (C64997-MVA, ICC23C64997-MVA, C64997-MVA-ID)

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

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

PS222PL

Allianz 222+® Annuity

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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

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Current MVA reference rate: 4.72 % as of 4/24/2026

Withdrawal charge schedule

Allianz 222+® Annuity

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Why consider a fixed index annuity (FIA)?

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Current MVA reference rate: 4.72 % as of 4/24/2026

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