Core Income 7® Annuity

[Narrator] It takes some preparation to grow a successful garden.

For starters, you need a long-term vision.

You also need some seeds to sow, plus tools with which to tend them, and maybe most importantly, you need time.

If you think about it, the same is true about planning for retirement.

As part of our long-term strategy, it's vital to make sure we've laid the groundwork for income that will cover our core or basic expenses.

Things like food, housing, healthcare, and taxes.

Traditionally, many of us have counted on sources like Social Security to cover these core expenses and we've also relied on our savings.

What this deeply rooted traditional approach to retirement doesn't always consider, however, is that we're generally living longer than we used to.

That means some people risk outliving their savings.

And even if you've saved enough, over a long retirement, your income may not keep pace with inflation.

Over time, you could find there's a gap between the income you've counted on and your actual expenses and your retirement might not be everything you expected.

[On-screen disclosure] The current annual Core Income Benefit rider charge will be guaranteed for the first contract year. After the first contract year, the rider charge can change, but will never be greater that the maximum rider charge percentage. Ask your financial professional for the current and maximum rider charge percentages. [End of on-screen disclosure]

That's one reason to consider the Core Income 7 annuity with the Core Income Benefit rider, which is included at an additional cost.

Core Income 7 is a fixed index annuity.

Simply put, an annuity is a contract between you and an insurance company designed to help you reach long-term financial goals.

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

In return for your purchase payment, Allianz gives you benefits and guarantees including tax deferral, accumulation potential, payments to you at some point in the future, and a death benefit for your beneficiaries during the annuity’s accumulation phase.

[On-screen disclosure] With the purchase of any additional-cost riders, the contract's values will be reduced by the cost of the rider. This may result in a loss of principal and interest in any year in which the contract does not earn interest of earns interest in an amount less than the rider charge. [End of on-screen disclosure]

Because it's a fixed index annuity, Core Income 7 also gives you the potential to receive interest based on the changes in an external market index, but since you're not actually participating in the market, your principal is not at risk due to market losses.

And as with all fixed index annuities, the money in your Core Income 7 can also grow tax deferred, which may help your retirement savings accumulate faster.

Now let's talk about what makes Core Income 7 unique.

Core Income 7 and the Core Income Benefit rider offer you a couple of ways to increase your income in retirement.

The first is that Core Income 7 rewards you for waiting while you're saving for retirement.

Beginning at age 45, the lifetime withdrawal percentage is guaranteed to increase each year until you begin income withdrawals.

And of course, the higher your withdrawal percentage, the higher your income will be.

That doesn't mean you have to wait, though.

[On-screen disclosure] Lifetime withdrawals can begin as early as age 50 – but not older than age 100. Annuity payments will begin at age 100. [End of on-screen disclosure]

You can start lifetime withdrawals as early as age 50 or postpone them until later, up to age 100.

The choice is yours.

When you're ready to use the money you've saved, Core Income 7 and the Core Income Benefit rider give you two different payment options.

If you're looking for predictable payments, then option one may be right for you.

With this option, you'll receive dependable income for the rest of your life.

That means your income amount can never go down and will likely remain the same for as long as you live.

But if you're looking for increasing income opportunity, then option two may be right for you.

This option offers a smaller payment up front with an opportunity for income increases every time your selected allocation earns interest.

This could help you maintain your lifestyle over a long retirement and if your income increases, it can never go back down due to market declines.

So you're guaranteed to receive that new higher income amount for the rest of your life.

Best of all, you don't need to decide until you start lifetime withdrawals.

So, you can choose the income option that makes sense when you're ready to start receiving income.

This is just an overview of how Core Income 7 can help you accumulate for retirement and also help you cover those core expenses throughout retirement no matter how long it lasts.

To find out more, talk to your financial professional.

[On-screen disclosures]

This content is general information for educational purposes, and is not intended to constitute fiduciary advice. Please consult your financial professional for a specific recommendation about purchasing this product.

Guarantees are backed by the financial strength and claims-paying ability of the issuing issuer.

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

C54370-MVA and R95374-MVA is issued by Allianz Life Insurance Company of North America. Product and feature availability may vary by state and broker/dealer.

• 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

M-5933

[End of on-screen disclosures]

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).

Launched in January 1985, the Index includes 100 of the Nasdaq Stock Market’s most actively traded issues, representing a cross-section of major industry groups. Its 100 companies are selected from the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market. Company size is based on market capitalization.

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

This equity index measures the performance of the 2,000 smallest companies in the Russell 3000® Index and is constructed to provide a comprehensive and unbiased small-cap barometer. It is completely reconstituted annually to ensure larger stocks do not affect the performance and characteristics of the true small-cap index.

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

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

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.

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

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

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.

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 spread is the amount we subtract from the percentage of change calculated for an index to determine how much interest we credit to your annuity in a contract crediting period.

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.

Similar to annual point-to-point, but with a 2-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.