Allianz Life Launches New Indexed Variable Annuity

  Allianz Life Launches New Indexed Variable Annuity

   Allianz Index Advantage Offers Unique Balance of Growth Potential, Death
                    Benefit, Tax Deferral, and Protection

Business Wire

MINNEAPOLIS -- September 16, 2013

Allianz Life Insurance Company of North America (Allianz Life) today announced
the launch of Allianz Index Advantage^SM, a new Indexed Variable Annuity (IVA)
that leverages Allianz Life’s market leadership in fixed index annuities with
traditional variable options, resulting in an entirely new breed of variable
annuity offering a balance of growth potential and some downside protection.
The new product may fit consumers who are willing to trade some potential
gains from market growth in exchange for a level of protection from down

“Conservative investors focused on accumulating assets for retirement face a
dilemma due to current low interest rates on fixed investments. They either
keep money on the sidelines, or take on the additional risk needed to achieve
higher returns in a continuing volatile market,” said Allianz Life Financial
Services, LLC President Robert DeChellis. “Index Advantage offers a way to
help manage this dilemma with unique growth opportunities and a level of
protection for people willing to accept some downside risk in exchange for
additional growth potential.”

Unlike today’s variable annuities with Guaranteed Minimum Accumulation
Benefits that require waiting periods of up to 10 years, the new Index
Advantage product provides opportunity for benefits to be protected every
year. Compared to Fixed Index Annuities (FIAs), the IVA increases the amount
of return potential by having much higher limits (or caps) on the interest
credit coming from the growth of an equity index in exchange for less
protection. IVAs offer protection from the first 10% of losses per year versus
guarantees of no losses from a traditional FIA, although some IVAs will offer
that option in exchange for less upside potential. This is a fundamental shift
for accumulation choices among variable annuities.

Index Advantage, currently approved in 43 states, provides flexibility through
two unique strategies – the Index Performance Strategy and the Index
Protection Strategy – and unlike existing products within the IVA category, in
addition to tax deferral^i, Index Advantage also includes built-in death
benefit protection. Available indexes for Index Advantage include the S&P
500^® Index, Nasdaq-100^® Index and Russell 2000^® Index. Consumers may
allocate funds to either or both index strategies based on their specific
goals. Transfers to/between index options can occur on every Index
Anniversary. Variable options include the AZL^® Money Market Fund, AZL^® MVP
Balanced Index Strategy Fund and AZL^® MVP Growth Strategy Fund. Transfers to
the variable options are allowed every sixth Index Anniversary. This
sophisticated IVA offers these features without the use of additional cost

Index Performance Strategy

The Index Performance Strategy offers a level of protection for the principal
investment while maintaining the potential for higher performance. The index
options available through this strategy give consumers the flexibility to
pursue the accumulation strategy that best suits them each year. This strategy
was designed to appeal to investors seeking higher upside potential than is
typically available in these types of products due to the presence of a buffer
that absorbs the first 10% of a negative index return in any given year.
Losses in excess of 10% will reduce the contract value. The cap for in-force
contracts is subject to change annually on the Index Anniversary, and may
fluctuate significantly. The cap will never be less than 1.50%. The buffer
will never change after the contract is issued. Caps for new business are set
monthly, with the following caps effective at launch:

  *S&P 500^® Index Option – 13%
  *Nasdaq-100^® Index Option – 11%
  *Russell 2000^® Index Option – 14%

Index Protection Strategy

The Index Protection Strategy offers principal protection with the potential
for some growth and may be ideal for more conservative clients. When the index
return is flat or positive at the Index Anniversary, the client receives the
amount of potential annual interest that may be credited during that year (the
Declared Protection Strategy Credit). When the index return is negative,
nothing is credited, however the contract value is reduced by an annual
product fee. The amount of the credit is subject to change annually on the
Index Anniversary and will never be less than 1.50%. At launch, the Declared
Protection Strategy Credit is 4%.

“The flexibility offered by Index Advantage allows clients to customize their
contract based on their individual accumulation objectives and risk tolerance,
helping people to build their retirement savings with more confidence,” added
DeChellis. “The product offers a possible solution for those seeking a
potential middle ground between their timeline and goals.”

The current annual product fee is 1.25% calculated as a percentage of the
charge base, which is the contract value on the preceding quarterly contract
anniversary, adjusted for subsequent purchase payments and withdrawals. Index
Advantage has a 6 year withdrawal charge schedule, with all withdrawals
subject to ordinary income tax and, if taken prior to age 59^1/2, may be
subject to a 10% federal additional tax.

For more complete information about Allianz Index Advantage Variable Annuity
and the variable options, call Allianz Life Financial Services, LLC at
800.542.5427 for a prospectus. The prospectuses contain details on investment
objectives, risks, fees, and expenses, as well as other information about the
variable annuity and variable options, which your clients should carefully
consider. Encourage your clients to read the prospectuses thoroughly before
sending money.

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 and
distributed by its affiliate, Allianz Life Financial Services, LLC, member
FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. 800.542.5427

The Nasdaq-100 Index^® includes 100 of the largest domestic and international
non-financial securities listed on the Nasdaq Stock Market, based on
capitalization. Russell 2000^® Index is an equity index that measures the
performance of the 2,000 smallest companies in the Russell 3000^® Index.
Standard & Poor's 500^® Index (S&P 500^®) is comprised of 500 stocks
representing major U.S. industrial sectors. The S&P 500^® Index is a product
of S&P Dow Jones Indices LLC. Full disclosure language for each Index can be
found at

About Allianz Life

Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best
Companies to Work For in 2013, has been keeping its promises since 1896.
Today, it carries on that tradition, helping Americans achieve their
retirement income and protection goals with a variety of annuities and life
insurance products. As a leading provider of fixed index annuities, Allianz
Life is part of Allianz SE, a global leader in the financial services industry
with 142,000 employees worldwide. More than 78 million private and corporate
customers rely on Allianz knowledge, global reach, and capital strength to
help them make the most of financial opportunities.

Allianz Life Insurance Company of North America offers insurance and annuities
in all states except New York. In New York, products are issued by Allianz
Life Insurance Company of New York.

^i Withdrawals will reduce the contract value and the value of any protection
benefits. Additional withdrawals taken during the withdrawal charge period
will be subject to a withdrawal charge. All withdrawals are subject to
ordinary income tax and, if taken prior to age 59 ½, may be subject to a 10%
federal additional tax.


Allianz Life Insurance Company of North America
Media Contact:
Sara Thurin Rollin, 763-765-6703
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