Allianz Life Introduces the MasterDex X Annuity

Business Editors/Insurance Writers

MINNEAPOLIS--(BUSINESS WIRE)--October 7, 2008--Allianz Life Insurance Company of North America (Allianz) today announced their new Allianz MasterDex X SM Annuity is available for sale in 27 states. This innovative new fixed index annuity product offers the consumer creative retirement planning options and guaranteed lifetime income benefits. With today’s changing demographics and increased consumer awareness around choosing a financial option that can help accelerate retirement income, this new product offers stability and security that can meet the consumer’s goals. Allianz, a leading provider of financial solutions for consumers who want protection and income, continues to create, enhance and develop products for their customers’ changing retirement planning needs.

In addition to the features offered in other fixed index annuities, such as indexed interest crediting, tax deferral, and a variety of income options, the Allianz MasterDex X offers consumers an “X Factor,” or “Power of 10” – a 10% premium bonus with a 10 year vesting schedule, which can provide a jump-start to their retirement planning, along with other features such as 10% free withdrawals after the first year, and a 10-year decreasing surrender charge. In addition, Allianz has introduced the optional Simple Income Rider, which offers consumers a bonus to their simple withdrawal value equal to 12% of their premium, credited each year the consumer does not take any withdrawals.

“The MasterDex X Annuity offers the consumer the potential for indexed interest, as well as flexible, yet predictable, income options that can be tailored to fit their specific needs,” said Eric J. Thomes, senior vice president of sales, Allianz Life Insurance of North America. “This new product also provides the consumer with the comfort and security of knowing their principal and interest earnings are protected from loss due to market fluctuation –which is an important factor in helping our customers meet their financial goals during times of financial uncertainty.”

For more information about Allianz and the MasterDex X product, visit: www.allianzlife.com.

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 59 ½, a 10% federal tax penalty.

About Allianz Life Insurance Company of North America

Founded in 1896 and based in Minneapolis, Allianz Life provides fixed and variable annuities, life insurance policies, and long term care insurance products in the United States. Allianz products are offered through a nationwide network of independent distribution. The company is part of Allianz SE, a global financial services group that is the 14 th largest corporation in the world based on revenue (Fortune, July 2008). Allianz SE employs more than 177,000 people worldwide.