Allianz Life Launches New Retirement Foundation ADV Annuity

MINNEAPOLIS, Feb. 7 -- Allianz Life, a provider of retirement solutions, including fixed and variable annuities and life insurance for individuals, issued the following news release:

Allianz Life Insurance Company of North America (Allianz Life) announced today that it has launched the new Retirement Foundation ADVSM Annuity, the first fee-based fixed index annuity (FIA) offered by Allianz Life. Retirement Foundation ADV features benefits such as protection of principal and credited interest from market downturns, tax deferral and the potential to earn interest based on external market indexes, all in a fee-based solution. Retirement Foundation ADV also offers guaranteed income for life and a death benefit for beneficiaries.

"Retirement Foundation ADV was designed for consumers seeking a fee-based FIA that offers the opportunity for increasing income as a part of their overall retirement portfolio," said Allianz Life Senior Vice President of Product Innovation Matt Gray. "There is a growing market demand for fee-based products and we believe Retirement Foundation ADV will be well received."

Retirement Foundation ADV has a 7-year withdrawal charge period and can help clients address both phases of retirement: accumulation - by potentially earning interest through a choice of index allocations, and income - in the form of lifetime withdrawals. The FIA includes the Income Benefit rider that is automatically included at an additional cost, which guarantees to increase income withdrawal percentages, beginning at age 45 for every year a customer waits to begin taking income. The choices for receiving lifetime income withdrawals are available as early as age 50.

With Retirement Foundation ADV, clients can receive their income via predictable payments that remain the same throughout their lifetime, or, if clients are concerned about the rising costs of living during retirement, via payments that have the opportunity to increase in exchange for a lower initial payment percentage.

Retirement Foundation ADV uses a simple design with one crediting method that brings growth potential provided by four index allocation options or a fixed interest allocation option. Additional features of Retirement Foundation ADV include a cumulative withdrawal amount, a Nursing Home Benefit, a Flexible Annuity Option Rider, and a Flexible Withdrawal Rider (available for an extra fee).

The annual benefit charge for the Income Benefit rider is 1.05% of the accumulation value, deducted monthly from the accumulation value and guaranteed minimum value (in most states).

Distributions are subject to ordinary income tax and, if taken prior to age 59 1/2, may be subject to a 10% federal additional tax.

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

* 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, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297.

C95493-MVA, R95374-MVA

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