Allianz Life Launches New Allianz Core Income 7 Fixed Index Annuity

  Allianz Life Launches New Allianz Core Income 7 Fixed Index Annuity

 Designed to appeal to the broker/dealer channel, fixed index annuity offers
                        protection and lifetime income

Business Wire

MINNEAPOLIS -- October 14, 2013

Allianz Life Insurance Company of North America (Allianz Life) today announced
the launch of the Allianz Core Income 7^SM Annuity with its Core Income
Benefit rider^1, the first Fixed Index Annuity (FIA) built by Allianz Life to
appeal to the broker/dealer channel. The Core Income 7 expands on retirement
solutions that registered representatives can provide. It can offer customers
protection, powerful retirement accumulation potential, a death benefit for
beneficiaries and choices for guaranteed lifetime income withdrawals.

“The Allianz Core Income 7 gives flexible income options to help bridge income
gaps retirees may face,” said Allianz Life Chief Distribution Officer, Tom
Burns. “With the help of its guaranteed lifetime income withdrawals, customers
can cover core living expenses for a more secure retirement.”

The Core Income 7 FIA with the Core Income Benefit rider, included in the FIA
contract automatically at an additional cost, is now available in 39 states.
This FIA with its rider, guarantees principal and credited interest against
loss due to market downturns. The lifetime withdrawal percentage automatically
increases as early as age 45 and continues each year the customer waits to
begin lifetime withdrawals. The longer the contract remains in the
accumulation phase, the higher the income payment percentage will be during
payout.

Customers can choose between one or more interest crediting allocations, which
can be changed annually. They can earn fixed interest or can choose to base
potential indexed interest on changes in several market indexes including the
new Barclays US Dynamic Balance Index. In addition to distribution through the
broker/dealer channel, the Allianz Core Income 7 FIA will also be sold through
field marketing organizations associated with the Allianz Preferred^SM
platform.

Two Withdrawal Options

After the accumulation phase, the Core Income 7 with the Core Income Benefit
rider addresses common retirement income concerns by offering two lifetime
income withdrawal options. As early as age 50, contract owners can have their
choice of level payments that offer predictable income for life or payments
that have the potential to increase each year.

"When it comes to results for the customer, the Core Income 7 is a simplified
FIA that offers increased income potential for retirement,” adds Burns. “We
continue to expand our product portfolio, providing industry-leading
retirement solutions.”

^1The annual charge for the Core Income Benefit rider is 1.05% of the
contract’s accumulation value, deducted monthly from the accumulation value
and guaranteed minimum value (in most states). 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 or earns interest in an amount less
than the rider charge.

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

Allianz Core Income 7 Annuity, C54370, and its Core Income Benefit rider,
R95374, issued by Allianz Life Insurance Company of North America. 5701 Golden
Hills Drive, Minneapolis, MN 55416-1297 www.allianzlife.com

Product availability and features may vary by state.

The Barclays Capital U.S. Aggregate Bond Index is comprised of U.S.
investment-grade, fixed-rate bond market securities, including government
agency, corporate, and mortgage-backed securities. The Barclays US Dynamic
Balance Index is comprised of the Barclays Capital U.S. Aggregate Bond Index
and the S&P 500^® and shifts weighting daily between them based on realized
market volatility.

Allianz products are not sponsored, endorsed, sold, or promoted by Barclays
Capital. Barclays Capital makes no representation or warranty, express or
implied, to the owners of 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 Barclays Capital Indices,
including without limitation, the Barclays Capital U.S. Aggregate Bond Index
and Barclays US Dynamic Balance Index, to track general bond market
performance. Barclays Capital’s only relationship to Allianz Life Insurance
Company of North America and its affiliates (“Allianz”) is the licensing of
the Barclays Capital U.S. Aggregate Bond Index and Barclays US Dynamic Balance
Index which is determined, composed, and calculated by Barclays Capital
without regard to Allianz or Allianz products. Barclays Capital has no
obligation to take the needs of Allianz or the owners of Allianz products into
consideration in determining, composing or calculating the Barclays Capital
U.S. Aggregate Bond Index and Barclays US Dynamic Balance Index. Barclays
Capital is not responsible for and has not participated in the determination
of the timing of, prices of, or quantities of Allianz products to be issued or
in the determination or calculation of the equation by which Allianz products
are to be converted into cash. Barclays Capital has no obligation or liability
in connection with the administration, marketing, or trading of Allianz
products.

BARCLAYS CAPITAL DOES NOT GUARANTEE THE QUALITY, ACCURACY AND/OR THE
COMPLETENESS OF THE BARCLAYS CAPITAL INDICES, OR ANY DATA INCLUDED THEREIN, OR
OTHERWISE OBTAINED BY ALLIANZ, OWNERS OF ALLIANZ PRODUCTS, OR ANY OTHER PERSON
OR ENTITY FROM THE USE OF THE BARCLAYS CAPITAL INDICES, INCLUDING WITHOUT
LIMITATION, THE BARCLAYS CAPITAL U.S. AGGREGATE BOND INDEX AND BARCLAYS US
DYNAMIC BALANCE INDEX, IN CONNECTION WITH THE RIGHTS LICENSED HEREUNDER OR FOR
ANY OTHER USE. BARCLAYS CAPITAL MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND
HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A
PARTICULAR PURPOSE OR USE WITH RESPECT TO THE BARCLAYS CAPITAL INDICES,
INCLUDING WITHOUT LIMITATION, THE BARCLAYS CAPITAL U.S. AGGREGATE BOND INDEX
AND BARCLAYS US DYNAMIC BALANCE INDEX, OR ANY DATA INCLUDED THEREIN. WITHOUT
LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL BARCLAYS CAPITAL HAVE ANY
LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES
(INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

S&P® is a registered trademark of Standard & Poor’s Financial Services LLC
(“S&P”). This trademark has been licensed for use by S&P Dow Jones Indices LLC
and its affiliates. S&P® and S&P 500® are trademarks of S&P. These trademarks
have been sublicensed for certain purposes by Allianz Life Insurance Company
of North America (“Allianz”). The S&P 500 is a product of S&P Dow Jones
Indices LLC and/or its affiliates and has been licensed for use by Allianz.
Allianz products are not sponsored, endorsed, sold, or promoted by S&P Dow
Jones Indices LLC, Dow Jones, S&P, or their respective affiliates and neither
S&P Dow Jones Indices LLC, Dow Jones, S&P, or their respective affiliates make
any representation regarding the advisability of investing in such product.

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.

Contact:

Allianz Life Insurance Company of North America
Sara Thurin Rollin, 763-765-6703
sarathurin.rollin@allianzlife.com
 
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