Essential 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 sew.

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 essential or basic expenses.

Things like food, housing, healthcare, and taxes.

Traditionally, many of us have counted on sources like Social Security to cover these essential 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 annual benefit charge for the Essential Income Benefit is a percentage of the accumulation value, deducted monthly from the accumulation value and guaranteed minimum value (in most states). The annual benefit charge percentage for the guaranteed minimum value is 1.05% for all contract years. The annual benefit charge percentage for the accumulation value is 1.05% for the first contract year. It can change each year during the next six conteract years, but will not be more than 2.50%. After the seventh contract year, the annual benefit charge percentage will be 1.05% for all remaining contract years. [End of on-screen disclosure]

That's one reason to consider the Essential Income 7 Annuity with the Essential Income Benefit which is included at an additional cost.

Essential 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 benefits, the contract's values will be reduced by the cost of the benefit. 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 benefit charge. [End of on-screen disclosure]

Because it's a fixed index annuity, Essential 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 Essential Income 7 can also grow tax deferred which may help your retirement savings accumulate faster.

Now let’s talk about what makes Essential Income 7 unique.

Essential Income 7 and the Essential Income benefit offer you a couple of ways to increase your income in retirement.

The first is that Essential 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 withdraws.

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 withdraws 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 saved, Essential Income 7 and the Essential Income benefit 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 withdraws.

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 Essential Income 7 can help you accumulate for retirement and help you cover those essential 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 specfic 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.

C61892-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-5934

[End of on-screen disclosures]