As Of                Filer                Filing    For·On·As Docs:Size

 4/16/19  Allianz Life Ins Co of N… America S-1                    8:9.7M

Document/Exhibit                   Description                      Pages   Size 

 1: S-1         Index Advantage Income S1 April 2019                HTML   2.51M 
 2: EX-4.(A)(II)  Eligible Person Contract Amendment                HTML     10K 
 3: EX-4.(B)(II)  Index Options Contract Schedule Page and          HTML     53K 
                          Addendum                                               
 5: EX-4.(H)(II)  Income Benefit Rider and Rider Amendment S40901   HTML     70K 
 4: EX-4.C      Application                                         HTML     41K 
 6: EX-23.A     Auditor Consent                                     HTML      7K 
 7: EX-23.B     Counsel Consent                                     HTML      9K 
 8: EX-24.C     Powers of Attorney                                  HTML     18K 

Standard Annuity Features	Available Investment Options	Additional Features
· Five fixed annuitization options (Annuity Options) · Free withdrawal privilege during the six-year withdrawal charge period · Systematic withdrawal program · Minimum distribution program for certain tax‑qualified Contracts · Waiver of withdrawal charge benefit (not available in all states) · Guaranteed death benefit (Traditional Death Benefit)	· 25 index-linked investment options (Index Options) based on different combinations of five credit calculation methods (Crediting Methods) and five nationally recognized third-party broad based equity securities indexes and exchange-traded fund (Index or Indexes)	· Income Benefit: Provides guaranteed lifetime income (Income Payments) based on a percentage of your investment value that can begin as early as age 50, or as late as age 100.This benefit is automatically included in the Contract, can be removed after three years, and has an additional rider fee. If you remove the Income Benefit you will have paid for the benefit without receiving any of its advantages. · Maximum Anniversary Value Death Benefit: Locks in any annual investment gains to potentially provide a death benefit greater than the Traditional Death Benefit. This optional benefit must be selected at issue, cannot be removed, and has an additional rider fee.
The risk of loss can become greater in the case of an early withdrawal due to withdrawal charges. Withdrawals will be subject to federal and state taxation, and withdrawls taken before age 59½ may also be subject to a 10% additional federal tax. If this is a Non-Qualified Contract, a withdrawal will be taxable to the extent that gain exists within the Contract. A Non-Qualified Contract is a Contract that is not purchased under a pension or retirement plan that qualifies for special tax treatment under sections of the Internal Revenue Code.

Crediting Methods Currently Available	Indexes Currently Available with All Crediting Methods
· Index Protection Strategy with Declared Protection Strategy Credit (the DPSC is the return you receive if Index performance is zero or positive) · Index Protection Strategy with Cap · Index Precision Strategy (only available before Income Payments begin) · Index Guard Strategy (only available before Income Payments begin) · Index Performance Strategy (only available before Income Payments begin)	· S&P 500® Index · Russell 2000® Index · Nasdaq-100® Index · EURO STOXX 50® · iShares® MSCI Emerging Markets ETF
Crediting Methods and Indexes may not be available in all states, or to previously issued Contracts as detailed in Appendix F.

Crediting Method Highlights All Crediting Methods provide a level of protection against negative Credits from negative Index performance, and a limit on positive Credits from positive Index performance. Credits are the annual return you receive from the Index Options.
	Negative Index Performance Protection	Positive Index Performance Participation Limit
Index Protection Strategy with DPSC	· 100% – You will never receive a negative Credit	· Declared Protection Strategy Credits (DPSCs) – DPSCs cannot be less than 0.50%
Index Protection Strategy with Cap	· 100% – You will never receive a negative Credit	· Caps (the upper limit on positive Index performance) – Caps cannot be less than 0.50%
Index Precision Strategy	· Buffers (the amount of negative Index performance we absorb) – Buffers cannot be less than 5%	· Precision Rates (the return you receive if Index performance is zero or positive) – Precision Rates cannot be less than 3.00%

Crediting Method Highlights All Crediting Methods provide a level of protection against negative Credits from negative Index performance, and a limit on positive Credits from positive Index performance. Credits are the annual return you receive from the Index Options.
	Negative Index Performance Protection	Positive Index Performance Participation Limit
Index Guard Strategy	· Floors (the maximum amount of negative Index performance you absorb) – Floors cannot be less than ‑25%	· Caps – Caps cannot be less than 3.00%
Index Performance Strategy	· Buffers – Buffers cannot be less than 5%	· Caps – Caps cannot be less than 3.00%

Variable Investment Option – AZL® Government Money Market Fund

Glossary		6
Summary		12
	Who Should Consider Purchasing the Contract?	15
	How Do the Crediting Methods Work?	16
	How Do the Crediting Methods Compare?	17
	Bar Chart Examples of the Crediting Methods Performance	20
	Can the Crediting Methods or Indexes Change?	22
	When Does Allianz Establish the Values Used to Determine Index Credits?	23
	What Are the Different Values Within the Contract?	23
	What Is the Daily Adjustment?	24
	What is the Performance Lock?	25
	How Does the Income Benefit Work?	25
	What Happens During the Income Period?	27
Risk Factors		27
	Liquidity Risks	27
	Income Benefit Risks	28
	Risk of Change to the Income Benefit Supplement Prior to the Issue Date	29
	Risks of Investing in Securities	29
	Risk of Negative Returns	30
	Risks Associated with Calculation of Credits	31
	Risks Associated with Performance Locks	31
	Substitution of an Index	32
	Changes to Declared Protection Strategy Credits (DPSCs), Precision Rates, Caps, Buffers and Floors	32
	Investment in Derivative Securities	33
	Our Financial Strength and Claims-Paying Ability	34
	Regulatory Protections	34
Fee Tables		35
	Owner Transaction Expenses	35
	Owner Periodic Expenses	35
	Annual Operating Expenses of the AZL Government Money Market Fund	36
	Examples	36
	Condensed Financial Information	37
1.	The Contract	37
	When the Accumulation Phase Ends	38
	Financial Adviser Fees	38
	When The Contract Ends	38
2.	Ownership, Annuitant, Determining Life, Beneficiary, and Payee	39
	Owner	39
	Joint Owner	39
	Annuitant	39
	Determining Life (Lives)	40
	Beneficiary	41
	Eligible Person(s) And Covered Person(s)	41
	Payee	42
	Assignments, Changes of Ownership and Other Transfers of Contract Rights	42
3.	Purchasing the Contract	43
	Purchase Requirements	43
	Applications Sent Electronically	43
	Allocation of Purchase Payments and Transfers Between the Allocation Options	44
	Electronic Transfer and Allocation Instructions	45
	Automatic Investment Plan (AIP)	45
	Free Look/Right to Examine Period	46
4.	AZL Government Money Market Fund	46
	Substitution and Limitation on Holdings	47
	Excessive Trading and Market Timing	48
	Voting Privileges	49
5.	Valuing Your Contract	50
	Determining Variable Account Value	50
	Determining Index Option Values	51
	Calculating Credits	53
	Daily Adjustment for the Index Precision Strategy, Index Guard Strategy and Index Performance Strategy	53
	Performance Locks	54
	The Alternate Minimum Value	55
	Optional Reallocation Program	55

6.	Expenses	55
	Annual Contract Fees: Product and Rider Fees	55
	Contract Maintenance Charge	57
	Withdrawal Charge	57
	Premium Tax	59
	Income Tax	59
	AZL Government Money Market Fund Expenses	59
7.	Access to Your Money	60
	Free Withdrawal Privilege	61
	Systematic Withdrawal Program	61
	Minimum Distribution Program and Required Minimum Distribution (RMD) Payments	61
	Waiver of Withdrawal Charge Benefit	61
	Suspension of Payments or Transfers	62
8.	The Annuity Phase	62
	Calculating Your Annuity Payments	62
	Annuity Payment Options	62
	When Annuity Payments Begin	63
9.	Income Benefit	64
	Removing the Income Benefit	64
	Requesting Income Payments	64
	Lifetime Income Percentage Calculation Example	64
	Calculating Your Income Payments	65
	Excess Withdrawals	66
	Automatic Annual Income Payment Increases	67
	Taxation of Income Payments	68
	When the Income Period Ends	68
	When the Income Benefit Ends	68
10.	Death Benefit	69
	Maximum Anniversary Value	70
	Death of the Owner and/or Annuitant	71
	Death Benefit Payment Options During the Accumulation Phase	71
	Death Benefit Payment Options	72
11.	Taxes	72
	Qualified and Non-Qualified Contracts	72
	Taxation of Annuity Contracts	73
	Taxation of Income Payments	73
	Tax-Free Section 1035 Exchanges	74
12.	Other Information	74
	The Registered Separate Account	74
	Our General Account	74
	Our Unregistered Separate Account	75
	Distribution	75
	Additional Credits for Certain Groups	76
	Administration/Allianz Service Center	77
	Legal Proceedings	77
	Status Pursuant to Securities Exchange Act of 1934	77
13.	Information on Allianz Life	78
	Directors, Executive Officers and Corporate Governance	78
	Executive Compensation	82
	Security Ownership of Certain Beneficial Owners and Management	94
	Transactions With Related Persons, Promoters and Certain Control Persons	94
	Business and Operational Risks Relevant to the Contract	94
14.	Financial Statements	101
	Auditor Update	101
15.	Privacy Notice	103
16.	Table of Contents of the Form N-4 SAI	104
Appendix A – Available Indexes		105
	Standard & Poor’s 500 Index	105
	Russell 2000® Index	106
	Nasdaq-100® Index	106
	EURO STOXX 50®	107
	iShares® MSCI Emerging Markets ETF	107
Appendix B – Daily Adjustment		108
Appendix C – Historical Buffers, Floors, and Initial DPSCs, Precision Rates, and Caps		110
	Index Protection Strategy with DPSC	110
	Index Protection Strategy with CAP	110
	Index Precision Strategy	110
	Index Guard Strategy	110
	Index Performance Strategy	110
Appendix D – Annual Contract Fees Calculation Examples		111
	Assuming You Purchase a Contract with the Traditional Death Benefit	111
	Assuming You Purchase a Contract with the Maximum Anniversary Value Death Benefit	112
Appendix E – Previous Versions of Income Benefit		113
Appendix F – Material Contract Variations by State		114
	Accumulated Alternate Interest Variation	114
Appendix G – Selected Financial Data and Statutory Financial Statements		119
	Management’s Discussion and Analysis of Financial Condition and Results of Operations (For the 12 month period ended December 31, 2018)	119
	Statutory Financial Statements	119
	For Service or More Information	120
	Our Service Center	120

Purchasing a Contract: Key Features At A Glance
Issue Age (see section 3)	On the date we issue the Contract (the Issue Date), all Owners and the Annuitant must be: · age 80 or younger if you select the Traditional Death Benefit, or · age 75 or younger if you select the Maximum Anniversary Value Death Benefit. The Owner is the person or entity designated at issue who may exercise all Contract rights. The Annuitant is the individual upon whose life we base Annuity Payments.
Purchase Payment Standards (see section 3)	· $5,000 minimum initial Purchase Payment due on the Issue Date. · We restrict additional Purchase Payments during the Accumulation Phase. Each Index Year before the Income Period you cannot add more than your initial amount without our prior approval. Your initial amount is all Purchase Payments received before the first Quarterly Contract Anniversary (the day that occurs three calendar months after the Issue Date or any subsequent Quarterly Contract Anniversary) of the first Contract Year. We allow you to add up to the initial amount in the remainder of the first Index Year, and each Index Year thereafter before the Income Period begins. The minimum additional Purchase Payment we will accept is $50. · $1 million maximum in total Purchase Payments unless we give prior approval for a higher amount. · We do not accept additional Purchase Payments during the Income Period or the Annuity Phase.

Purchasing a Contract: Key Features At A Glance
Allocation of Purchase Payments and Contract Value Transfers (see section 3)	You can allocate your Purchase Payments to any or all of the Index Options available under your Contract. We only allow assets to move into the Index Options on the Index Effective Date and on subsequent Index Anniversaries. · We hold Purchase Payments you allocate to the Index Options in the AZL Government Money Market Fund until the Index Effective Date or the next Index Anniversary. However, you cannot allocate Purchase Payments to the AZL Government Money Market Fund. · On each Index Anniversary, you can transfer Index Option Value (the portion of your Contract Value in a particular Index Option) between Index Options. · Purchase Payments allocated to an Index Option must be held in the Index Option for one full Index Year before they can receive a Credit. Therefore, additional Purchase Payments we receive after the Index Effective Date that you allocate to an Index Option are not eligible to receive a Credit until the second Index Anniversary after we receive them.
Daily Adjustment (see “What is the Daily Adjustment?” in this Summary and section 5)	The Daily Adjustment is how we calculate Index Option Values on days other than the Index Effective Date or an Index Anniversary for each Index Option with the Index Precision Strategy, Index Guard Strategy or Index Performance Strategy. The Daily Adjustment approximates the Index Option Value that will be available on the next Index Anniversary. It is the estimated present value of the future Performance Credit that we will apply on the next Index Anniversary. The Daily Adjustment takes into account any Index gains subject to the Precision Rate or Cap, or either any Index losses greater than the Buffer or Index losses down to the Floor, but in the form of the estimated present value. Therefore, the Daily Adjustment could result in a loss beyond the protection of the Buffer or Floor.
Performance Lock (see “What is the Performance Lock?” in this Summary and section 5)	A feature that allows you to capture the current Index Option Value during the Index Year for any Index Option with the Index Precision Strategy, Index Guard Strategy or Index Performance Strategy. If we execute a Performance Lock for an Index Option we do not apply the Daily Adjustment to it for the remainder of the Index Year and the Index Option Value will not receive a Performance Credit on the next Index Anniversary. A Performance Credit is the Credit you receive on an Index Anniversary for any Index Option with the Index Precision Strategy, Index Guard Strategy or Index Performance Strategy.
Product and Rider Fees (see the Fee Tables and section 6)	Accrued daily and deducted on each Quarterly Contract Anniversary. Each fee is calculated as a percentage of the Charge Base (the Contract Value on the preceding Quarterly Contract Anniversary, adjusted for subsequent Purchase Payments and withdrawals). · Product fee is 1.25%. · Rider fee is 0.70% for the Income Benefit. · Rider fee is 0.20% for the Maximum Anniversary Value Death Benefit. If you select this benefit, you will pay 2.15% in total annual Contract fees (product fee plus the rider fees).
Other Contract Fees and Expenses (see the Fee Tables and section 6)	· An 8.5% declining withdrawal charge applies to withdrawals taken within six years after receipt of each Purchase Payment during the Accumulation Phase, and during the Income Period to Excess Withdrawals (the amount of any withdrawal taken during an Index Year that when added to other withdrawals and scheduled Income Payments is greater than your annual maximum Income Payment). · $50 contract maintenance charge assessed annually if the total Contract Value is less than $100,000. · AZL Government Money Market Fund operating expenses before fee waivers and expense reimbursements of 0.87% of the average daily net assets.
You can withdraw your Contract Value, subject to any applicable withdrawal charge, and federal and state taxation. Withdrawals taken before age 59½ may also be subject to a 10% additional federal tax.

Purchasing a Contract: Key Features At A Glance
Free Withdrawal Privilege (see section 7)	Allows you to withdraw 10% of your total Purchase Payments each Contract Year during the Accumulation Phase and before the Income Period without incurring a withdrawal charge. A Contract Year is any period of twelve months beginning on the Issue Date or a subsequent Contract Anniversary. A Contract Anniversary is a twelve-month anniversary of the Issue Date or any subsequent Contract Anniversary. · Any unused free withdrawal privilege in one Contract Year is not added to the amount available in the next Contract Year. · If you withdraw more than the free withdrawal privilege we will assess a withdrawal charge if the withdrawal is taken from a Purchase Payment we received within the last six years. · Not available if you take a full withdrawal of your total Contract Value or during the Income Period.
Systematic Withdrawal Program (see section 7)	Before the Income Period, it provides automatic withdrawals of at least $100 to you at a frequency you select. These withdrawals: · reduce the amount available under the free withdrawal privilege, and · are subject to a withdrawal charge if you exceed the free withdrawal privilege.
Minimum Distribution Program (see section 7)	If you own an IRA or SEP IRA Contract, this program provides payments to you designed to meet the Internal Revenue Code’s minimum distribution requirements. These withdrawals: · reduce the amount available under the free withdrawal privilege before the Income Period, but · are not subject to a withdrawal charge if you exceed the free withdrawal privilege before the Income Period, and are not considered to be an Excess Withdrawal during the Income Period.
Waiver of Withdrawal Charge Benefit (see section 7)	In most states, this benefit allows you to take a withdrawal without incurring a withdrawal charge if you are confined to a nursing home for a period of at least 90 consecutive days.
Annuity Payments (see section 8)	Annuity Payments can provide a guaranteed lifetime fixed income stream with certain tax advantages. We designed the Annuity Payments for Owners who no longer need immediate access to Contract Value to meet their short-term income needs. · We offer five Annuity Options that provide payments for life, life and term certain, or life with refund. · We base Annuity Payments on your Contract Value, the Annuity Option you select, and the lifetime and age of the Annuitant(s). · For an individually owned Contract, Annuity Payments can be either single or joint.
Income Benefit (see “How Does the Income Benefit Work?” later in this Summary and section 9)	The Income Benefit (0.70% rider fee) is automatically included in your Contract. It provides guaranteed lifetime Income Payments based on a percentage of your Contract Value. · Once the Income Payment waiting period has expired, Income Payments can begin as early as age 50 or as late as age 100. · Unlike Annuity Payments, the Income Benefit allows access to your Contract Value and death benefit for a period of time after Income Payments begin. · Once Income Payments begin your Crediting Methods are limited to the Index Protection Strategy with DPSC and Index Protection Strategy with Cap. · If you no longer want or need the Income Benefit, you can remove it from your Contract on or after the third Index Anniversary if you have not begun Income Payments and your Contract Value is positive. If you remove the Income Benefit, we stop assessing the Income Benefit rider fee. For information on the terms used to determine your Income Payments, please see the Income Benefit Supplement.

Purchasing a Contract: Key Features At A Glance
Death Benefit (see section 10)	When you purchase the Contract you select either the Traditional Death Benefit (no additional fee) or the Maximum Anniversary Value Death Benefit (0.20% rider fee). In either case, the death benefit is paid upon the first death of any Determining Life during the Accumulation Phase. · We establish the Determining Lives at Contract issue and they generally do not change unless there is a divorce or you establish a Trust. · The Determining Life (or Lives) is either the Owner(s) or the Annuitant if the Owner is a non-individual. If a Determining Life dies during the Accumulation Phase your Beneficiary(s) will receive the greater of the Contract Value or the Guaranteed Death Benefit Value. The Guaranteed Death Benefit Value is either: · total Purchase Payments adjusted for withdrawals if you select the Traditional Death Benefit, or · the Maximum Anniversary Value (the highest Contract Value on any Index Anniversary before age 91, adjusted for subsequent Purchase Payments and withdrawals) if you select the Maximum Anniversary Value Death Benefit. · Withdrawals, including Income Payments, reduce your Guaranteed Death Benefit Value proportionately, which means this value may be reduced by more than the amount withdrawn. · The Maximum Anniversary Value Death Benefit cannot be less than the Traditional Death Benefit, but they can be equal. · If you change Owner(s) the death benefit may be reduced to Contract Value.
Material Contract Variations (see Appendix F)	The product or certain product features may not currently be available in all states or all Contracts, may vary in your state, or may not be available from all selling firms or from all Financial Professionals. Your Financial Professional can also provide information regarding availability of Index Options.
Customer Service (see the last page of this prospectus)	If you need customer service (for Contract changes, information on Contract Values, requesting a withdrawal or transfer, changing your allocation instructions, etc.) please contact our Service Center at (800) 624-0197. Our Service Center is the area of our company that issues Contracts and provides Contract maintenance and routine customer service. You can also contact us by: · mail at Allianz Life Insurance Company of North America, P.O. Box 561, Minneapolis, MN 55440‑0561, or · email at variableannuity@send.allianzlife.com.

	Index Protection Strategy with DPSC	Index Protection Strategy with Cap	Index Precision Strategy	Index Guard Strategy	Index Performance Strategy
What is the asset protection?	· Most protection. · If the Index loses value, you do not receive a negative Credit.	· Most protection. · If the Index loses value, you do not receive a negative Credit.	· Less protection than the Index Protection Strategy with DPSC, Index Protection Strategy with Cap and Index Guard Strategy. Protection may be more or less than what is available with the Index Performance Strategy depending on Buffers. · Buffer absorbs a percentage of loss, but you receive a negative Performance Credit for losses greater than the Buffer. · Potential for large losses in any one Index Year. · More sensitive to large negative market movements because small negative market movements are absorbed by the Buffer. In a period of extreme negative market performance, the risk of loss is greater with the Index Precision Strategy than with the Index Guard Strategy.	· Less protection than the Index Protection Strategy with DPSC, and Index Protection Strategy with Cap, but more than Index Precision Strategy and Index Performance Strategy. · Permits a negative Performance Credit down to the Floor. · Protection from significant losses. · More sensitive to smaller negative market movements that persist over time because the Floor reduces the impact of large negative market movements. · In an extended period of smaller negative market returns, the risk of loss is greater with the Index Guard Strategy than with the Index Performance Strategy and Index Precision Strategy. · Provides certainty regarding the maximum loss in any one Index Year.	· Less protection than the Index Protection Strategy with DPSC, Index Protection Strategy with Cap and Index Guard Strategy. Protection may be more or less than what is available with the Index Precision Strategy depending on Buffers. · Buffer absorbs a percentage of loss, but you receive a negative Performance Credit for losses greater than the Buffer. · Potential for large losses in any one Index Year. · More sensitive to large negative market movements because small negative market movements are absorbed by the Buffer. In a period of extreme negative market performance, the risk of loss is greater with the Index Performance Strategy than with the Index Guard Strategy.

	Index Protection Strategy with DPSC	Index Protection Strategy with Cap	Index Precision Strategy	Index Guard Strategy	Index Performance Strategy
What is the growth opportunity?	· Growth opportunity limited by the DPSCs. · Least growth opportunity. · May perform best in periods of small positive market movements. · DPSCs will generally be less than the Precision Rates and Caps.	· Growth opportunity limited by the Caps. · May perform best in periods of small positive market movements. · Generally more growth opportunity than the Index Protection Strategy with DPSC, but less than the Index Precision Strategy, Index Guard Strategy and Index Performance Strategy. · Caps will generally be greater than DPSCs, but less than the Precision Rates and Caps for the Index Guard Strategy and Index Performance Strategy.	· Growth opportunity limited by the Precision Rates. · May perform best in periods of small positive market movements. · Generally more growth opportunity than the Index Protection Strategy with DPSC and Index Protection Strategy with Cap, but less than the Index Performance Strategy. · Growth opportunity may be more or less than the Index Guard Strategy depending on Precision Rates and Caps.	· Growth opportunity limited by the Caps. · May perform best in a strong market. · Growth opportunity that generally may be matched or exceeded only by the Index Performance Strategy. However, growth opportunity may be more or less than the Index Precision Strategy or Index Performance Strategy depending on Precision Rates and Caps.	· Growth opportunity limited by the Caps. · May perform best in a strong market. · Generally the most growth opportunity. However, growth opportunity may be less than the Index Precision Strategy or Index Guard Strategy depending on Precision Rates and Caps.

	Index Protection Strategy with DPSC	Index Protection Strategy with Cap	Index Precision Strategy	Index Guard Strategy	Index Performance Strategy
What can change within a Crediting Method?	· Initial DPSCs for newly issued Contracts can change monthly or more frequently. · Renewal DPSCs for existing Contracts can change annually. · DPSCs are subject to a 0.50% minimum.	· Initial Caps for newly issued Contracts can change monthly or more frequently. · Renewal Caps for existing Contracts can change annually. · Caps are subject to a 0.50% minimum.	· Initial Precision Rates and Buffers for newly issued Contracts can change frequently, but we cannot change your Buffers once they are established. · Renewal Precision Rates for existing Contracts can change annually. · Precision Rates are subject to a 3.00% minimum, and Buffers are subject to a 5% minimum.	· Initial Caps and Floors for newly issued Contracts can change frequently, but we cannot change your Floors once they are established. · Renewal Caps for existing Contracts can change annually. · Caps are subject to a 3.00% minimum, and Floors are subject to a -25% minimum.	· Initial Caps and Buffers for newly issued Contracts can change frequently, but we cannot change your Buffers once they are established. · Renewal Caps for existing Contracts can change annually. · Caps are subject to a 3.00% minimum, and Buffers are subject to a 5% minimum.
● For any Index Option with the Index Precision Strategy or Index Performance Strategy, you participate in any negative Index Return in excess of the Buffer, which reduces your Contract Value. For example, if we set the Buffer at 5% we would absorb the first -5% of Index Return and you could lose up to 95% of the Index Option Value. However, for any Index Option with the Index Guard Strategy, we absorb any negative Index Return in excess of the Floor. For example, if we set the Floor at ‑25%, your maximum loss would be limited to -25% of the Index Option Value due to negative Index Returns. ● The minimum Buffer and Floor are the least amount of protection that you could receive from negative Index Returns for any Index Option with the Index Precision Strategy, Index Guard Strategy or Index Performance Strategy. ● DPSCs, Precision Rates, and Caps as set by us from time-to-time may vary substantially based on market conditions. However, in extreme market environments, it is possible that all DPSCs, Precision Rates and Caps will be reduced to their respective minimums of 0.50% or 3.00% as stated above. ● DPSCs, Precision Rates, Caps, Buffers and Floors can be different from Index Option to Index Option. For example, Caps for the Index Performance Strategy can be different between the S&P 500® Index and the Nasdaq-100® Index, and Caps for the S&P 500® Index can be different between the Index Guard Strategy and Index Performance Strategy. They may also be different from Contract-to-Contract depending on Index Effective Date and the state of issuance.

	January 1, 2009 through December 31, 2018
	S&P 500® Index	Nasdaq-100® Index	Russell 2000® Index	EURO STOXX 50®	iShares® MSCI Emerging Markets ETF
Returns without dividends	11.26%	19.00%	11.50%	2.79%	7.19%
Returns with dividends	13.61%	20.29%	13.02%	6.93%	9.16%

Number of Complete Years Since Purchase Payment	Withdrawal Charge Amount
0	8.5%
1	8%
2	7%
3	6%
4	5%
5	4%
6 years or more	0%

Premium Tax(3)…………………………………... ………………………………	3.5%
(as a percentage of each Purchase Payment)

Contract Maintenance Charge(4)………………………………………………..	$50
(per Contract per year)

	Annual Contract Fees(5)
	(as a percentage of the Charge Base during the Accumulation Phase)
Product Fee…………………………………......…………………………………………………….	1.25%
Rider Fee for the Income Benefit…………………………………......…………………………..	0.70%
Rider Fee for the optional Maximum Anniversary Value Death Benefit……………………	0.20%
Total Contract Fees for Contracts with the Income Benefit and optional Maximum Anniversary Value Death Benefit………………………………………………………………….	2.15%

	Management fees	Rule 12b‑1 fees	Other expenses	Acquired fund fees and expenses	Total annual fund operating expenses before fee waivers and/or expense reimbursements
BLACKROCK
AZL Government Money Market Fund(1)	.35	.25	.28	–	.88

0.88% total annual operating expenses for the AZL Government Money Market Fund before any fee waivers or expense reimbursements:	1 Year	3 Years	5 Years	10 Years
· If you surrender your Contract (take a full withdrawal) at the end of each time period.	$1,206	$1,791	$2,355	$3,912
· If you annuitize your Contract and begin Annuity Payments at the end of each time period. The earliest available Annuity Date (the date we begin making Annuity Payments) is two years after the Issue Date.	N/A	$1,091	$1,855	$3,912
· If you do not surrender your Contract.	$  356	$1,091	$1,855	$3,912

Period or Year Ended	AUV at Beginning of Period	AUV at End of Period	Number of Accumulation Units Outstanding at End of Period
AZL Government Money Market Fund
12/31/2013	NA	12.754	346
12/31/2014	12.754	12.755	1560
12/31/2015	12.755	12.756	2726
12/31/2016	12.756	12.757	5376
12/31/2017	12.757	12.763	3831
12/31/2018	12.763	12.893	375

UPON THE DEATH OF A SOLE OWNER
Action if the Contract is in the Accumulation Phase	Action if the Contract is in the Annuity Phase
· We pay a death benefit to the Beneficiary unless the Beneficiary is the surviving spouse and continues the Contract. The Income Benefit and any Income Payments will also end unless the Beneficiary is both a surviving spouse and either an Eligible Person (if Income Payments have not begun) or a Covered Person (if Income Payments have begun). · If the deceased Owner was a Determining Life and the surviving spouse Beneficiary continues the Contract: – we increase the Contract Value to equal the Guaranteed Death Benefit Value if greater and available, and the death benefit ends, – the surviving spouse becomes the new Owner, – if Income Payments have not begun the Accumulation Phase continues, – if Income Payments have begun they can only continue if the surviving spouse is a Covered Person; otherwise the Income Benefit ends, and – upon the surviving spouse’s death, his or her Beneficiary(s) receives the Contract Value. · If the deceased Owner was not a Determining Life, the Traditional Death Benefit or Maximum Anniversary Value Death Benefit are not available and the Beneficiary(s) receives the Contract Value.	· The Beneficiary becomes the Payee. If we are still required to make Annuity Payments under the selected Annuity Option, the Beneficiary also becomes the new Owner. · If the deceased was not an Annuitant, Annuity Payments to the Payee continue. No death benefit is payable. · If the deceased was the only surviving Annuitant, Annuity Payments end or continue as follows. – Annuity Option 1 or 3, payments end. If Income Payments were converted to Annuity Payments under one of these Annuity Options, we will also pay any remaining value to the named Beneficiary(s). – Annuity Option 2 or 4, payments end when the guarantee period ends. – Annuity Option 5, payments end and the Payee may receive a lump sum refund. · If the deceased was an Annuitant and there is a surviving joint Annuitant, Annuity Payments to the Payee continue during the lifetime of the surviving joint Annuitant. No death benefit is payable.

On your application if you select ….	Your Index Effective Date will be either…
the earliest Index Effective Date	· your Issue Date, or · the first Business Day of the next month if the Issue Date is the 29th, 30th or 31st of a month
the deferred Index Effective Date	· your first Quarterly Contract Anniversary, or · the next Business Day if the first Quarterly Contract Anniversary occurs on a non-Business Day, or the first Business Day of the next month if the first Quarterly Contract Anniversary is the 29th, 30th or 31st of a month

Investment Management Company and Adviser/Subadviser	Investment Option Name	Asset Class	Investment Objective	Principal Investment Strategies (Normal market conditions)
BLACKROCK
Allianz Investment Management LLC/BlackRock Advisors, LLC	AZL Government Money Market Fund	Cash Equivalent	Current income consistent with stability of principal	Invests at least 99.5% of its total assets in cash, government securities, or repurchase agreements that are collateralized fully. Invests at least 80% in government securities or in repurchase agreements collateralized by government securities. Investments include U.S. Treasury bills, notes and other obligations issued or guaranteed as to principal and interest by the U.S. Government, its agencies or instrumentalities, and repurchase agreements secured by such obligations. In addition, the AZL Government Money Market Fund may invest in variable and floating rate instruments. During extended periods of low interest rates, and due in part to contract fees and expenses, the yield of the AZL Government Money Market Fund may also become extremely low and possibly negative.

Variable Account Value increases when….	Variable Account Value decreases when….
· we hold Purchase Payments in the AZL Government Money Market Fund before transfering them to your selected Index Options · there is positive AZL Government Money Market Fund performance	· we take assets out of the AZL Government Money Market Fund and transfer them to your selected Index Options · there is negative AZL Government Money Market Fund performance · we deduct Contract expenses
Contract expenses we deduct from the AZL Government Money Market Fund include the product fee, rider fee, contract maintenance charge and withdrawal charge  as described in section 6, Expenses.

Index Option Values increase when….	Index Option Values decrease when….
· you add assets to an Index Option by Purchase Payment or Contract Value transfer · you receive a positive Credit or Daily Adjustment · we apply the Alternate Minimum Value	· you take assets out of an Index Option by withdrawal or Contract Value transfer · you receive a negative Credit or Daily Adjustment · we deduct Contract expenses.
Contract expenses we deduct from the Index Options include the product fee, rider fee, contract maintenance charge and withdrawal charge as described in section 6, Expenses.

Crediting Method	If Index Value is less than it was on the prior Index Anniversary* (i.e., Index Return is negative):	If Index Value is equal to or greater than it was on the prior Index Anniversary* (i.e., Index Return is zero or positive):
Index Protection Strategy with DPSC	Credit is zero	Credit is equal to the DPSC set on the prior Index Anniversary*
Index Protection Strategy with Cap	Credit is zero	Protection Credit is equal to the Index Return subject to the Cap set on the prior Index Anniversary* Assume the Cap is 5%. If the Index Return is… · 0%, the Protection Credit is zero. · 4%, the Performance Credit is 4%. · 12%, the Performance Credit is 5%.
Index Precision Strategy	Performance Credit is equal to the negative Index Return in excess of the Buffer Assume the Buffer is 10%. If the Index Return is… · -8%, the Performance Credit is zero. · -12%, the Performance Credit is -2%.	Performance Credit is equal to the Precision Rate set on the prior Index Anniversary*
Index Guard Strategy	Performance Credit is equal to the negative Index Return subject to the Floor Assume the Floor is -10%. If the Index Return is… · -8%, the Performance Credit is -8%. · -12%, the Performance Credit is -10%.	Performance Credit is equal to the Index Return subject to the Cap set on the prior Index Anniversary* Assume the Cap is 8%. If the Index Return is… · 0%, the Performance Credit is zero. · 6%, the Performance Credit is 6%. · 12%, the Performance Credit is 8%.
Index Performance Strategy	Performance Credit is equal to the negative Index Return in excess of the Buffer. Assume the Buffer is 10%. If the Index Return is… · -8%, the Performance Credit is zero. · -12%, the Performance Credit is -2%.	Performance Credit is equal to the Index Return subject to the Cap set on the prior Index Anniversary* Assume the Cap is 8%. If the Index Return is… · 0%, the Performance Credit is zero. · 6%, the Performance Credit is 6%. · 12%, the Performance Credit is 8%.
* Or the Index Effective Date if this is the first Index Anniversary.

	Annual Contract Fees
	(as a percentage of the Charge Base)
Product Fee(1)	1.25%
Rider Fee for the Income Benefit	0.70%
Rider Fee for the optional Maximum Anniversary Value Death Benefit(2)	0.20%
Total Contract Fees for Contracts with the Income Benefit and optional Maximum Anniversary Value Death Benefit	2.15%

Issue Date	Non-Quarterly Contract Anniversaries	Quarterly Contract Anniversaries*
· The Charge Base is equal to your initial Purchase Payment. · We begin calculating and accruing the daily product fee, and rider fee if applicable, on the day after the Issue Date.	· First we calculate and accrue the daily product and rider fees using the Charge Base. If this is a non-Business Day we use the Charge Base from the end of the prior Business Day. · Then if this is a Business Day we increase/decrease the Charge Base as follows. - If we receive an additional Purchase Payment, we increase the Charge Base by the amount we receive. - If you take a partial withdrawal (including a Penalty-Free Withdrawal), or we withdraw Contract fees and expenses, we decrease the Charge Base by the percentage of Contract Value withdrawn. Example: Contract Value is $125,000; Charge Base is $127,000; a $10,000 partial withdrawal (including any withdrawal charge) would decrease the Charge Base by $10,160. [($10,000 ÷ $125,000) x $127,000] Any increase/decrease to the Charge Base will increase/decrease the daily product and rider fees we calculate and accrue on the next day.	· First we process all daily transactions and determine your Contract Value. Daily transactions include any gains/losses due to AZL Government Money Market Fund performance or application of any Daily Adjustment (or Credit if this is also an Index Anniversary), any additional Purchase Payment, and deductions for withdrawals and Contract fees and expenses, including deduction of the accrued daily product and rider fees for the prior quarter. - We deduct the accrued product and rider fees for the prior quarter on a dollar for dollar basis from the Contract Value, and proportionately from each Index Option and the AZL Government Money Market Fund. · Then we set the Charge Base equal to this Contract Value and we calculate and accrue the next quarter’s daily product and rider fees using the newly set Charge Base. * Or the next Business Day if the Quarterly Contract Anniversary is a non-Business Day.
Examples of how we calculate the product and rider fees are included in Appendix D.

Calculating a Withdrawal Charge		Example
For purposes of calculating any withdrawal charge, we withdraw Purchase Payments on a “first-in-first-out” (FIFO) basis and we process withdrawal requests as follows.		You make an initial Purchase Payment of $55,000 and make another Purchase Payment in the first month of the second Contract Year of $45,000. In the third month of the third Contract Year, your Contract Value is $110,000 and you request a $70,000 withdrawal. We withdraw money and compute the withdrawal charge as follows.
1. First we withdraw from Purchase Payments that we have had for six or more complete years, which is your Contract’s withdrawal charge period. This withdrawal is not subject to a withdrawal charge and it reduces the Withdrawal Charge Basis.		1. Purchase Payments beyond the withdrawal charge period. All payments are still within the withdrawal charge period, so this does not apply.
2. Then, if this is a partial withdrawal during the Accumulation Phase and before the Income Period, we withdraw from the free withdrawal privilege (see section 7, Access to Your Money – Free Withdrawal Privilege). This withdrawal is not subject to a withdrawal charge and it does not reduce the Withdrawal Charge Basis.		2. Amounts available under the free withdrawal privilege. You did not take any other withdrawals this year, so you can withdraw up to 10% of your total payments (or $10,000) without incurring a withdrawal charge.
3. Next, on a FIFO basis, we withdraw from Purchase Payments within your Contract’s withdrawal charge period and assess a withdrawal charge. Withdrawing payments on a FIFO basis may help reduce the total withdrawal charge because the charge declines over time. We determine your total withdrawal charge by multiplying each payment by its applicable withdrawal charge percentage and then totaling the charges. This withdrawal reduces the Withdrawal Charge Basis. The withdrawal charge as a percentage of each Purchase Payment withdrawn is as follows.		3. Purchase Payments within the withdrawal charge period on a FIFO basis. The total amount we withdraw from the first Purchase Payment is $55,000, which is subject to a 7% withdrawal charge, and you receive $51,150. We determine this amount as follows: (amount withdrawn) x (1 – withdrawal charge) = the amount you receive, or: $55,000 x 0.93 = $51,150. Next we withdraw from the second Purchase Payment. So far, you received $61,150 ($10,000 under the free withdrawal privilege and $51,150 from the first Purchase Payment), so we withdraw $8,850 from the second Purchase Payment to equal the $70,000 you requested. The second Purchase Payment is subject to an 8% withdrawal charge. We calculate the total amount withdrawn and its withdrawal charge as follows: (the amount you receive) ÷ (1 – withdrawal charge) = amount withdrawn, or: $8,850 ÷ 0.92 = $9,620.
Number of Complete Years Since Purchase Payment	Withdrawal Charge Amount
0	8.5%
1	8%
2	7%
3	6%
4	5%
5	4%
6 years or more	0%
4. Finally we withdraw any Contract earnings. This withdrawal is not subject to a withdrawal charge and it does not reduce the Withdrawal Charge Basis.		4. Contract earnings. We already withdrew your requested amount, so this does not apply. In total we withdrew $74,620 from your Contract, of which you received $70,000 and paid a withdrawal charge of $4,620.

Excess Withdrawal	Contract Value	Guaranteed Death Benefit Value for a Contract with the Traditional Death Benefit	Guaranteed Death Benefit Value for a Contract with the Maximum Anniversary Value Death Benefit	Next anniverary’s annual maximum Income Payment
Prior to withdrawal	$ 100,000	$ 90,000	$ 105,000	$ 4,800
$5,000 withdrawal		–[($5,000/ 100,000)	–[($5,000/ 100,000)	–[($5,000/ 100,000)
		x 90,000)]	x 105,000)]	x 4,800)]
	– $5,000	=– $4,500	=– $5,250	=– $240
After withdrawal	$ 95,000	$ 85,500	$ 99,750	$ 4,560

Type of Contract	Persons and Entities that can buy the Contract
IRA	Must have the same individual as Owner and Annuitant.
Roth IRA	Must have the same individual as Owner and Annuitant.
Simplified Employee Pension (SEP) IRA	Must have the same individual as Owner and Annuitant.
Certain Code Section 401 Plans	A qualified retirement plan is the Owner and the Annuitant must be an individual. We may determine which types of qualified retirement plans are eligible to purchase this Contract.

Compensation Element	Description	Objective
Base Salary	Fixed rate of pay that compensates employees for fulfilling their basic job responsibilities. For NEOs, increases are generally provided in the case of a significant increase in responsibilities or a significant discrepancy versus the market.	Attract and retain high-caliber leadership.
Annual Incentive Plan	Incentive compensation that promotes and rewards the achievement of annual performance objectives through awards under the Allianz Life Annual Incentive Plan (“AIP”).	▪  Link compensation to annual performance results. ▪  Attract and motivate high-caliber leadership. ▪  Align the interests of NEOs and our stockholder.
Long-Term Incentives	Incentive compensation that promotes and rewards the achievement of long-term performance objectives through awards under the Allianz Life Long-Term Performance Unit Plan (“ALTPUP”). Allianz Life’s Chief Executive Officer, Walter R. White, is eligible to receive annual awards through the Allianz SE Mid-Term Bonus Plan instead of the ALTPUP.	▪  Link compensation to annual and multi-year performance results. ▪  Motivate and retain high-caliber leadership with multi-year vesting. ▪  Align the interests of NEOs and our stockholder.
Performance-Based Equity Incentives	Incentive compensation through restricted stock unit awards made under the Allianz Equity Incentive Plan (“AEI”) that promotes and rewards the achievement of senior executive officers.	▪  Retain high-caliber leadership with multi-year vesting. ▪  Align the interests of NEOs and our stockholder.
Severance Arrangements	Severance payments to employees, including NEOs, under certain company-initiated termination events.	Compensate employees generally for situations where the employee’s employment is involuntarily terminated in a qualifying termination of employment.
Perquisites-Benefits	Perquisites provided to our NEOs include employer matching contributions to the NEOs’ accounts in the 401(k) plan and may also include the payment of life insurance premiums, relocation reimbursements, and reimbursements for financial planning, tax preparation services, and spousal travel expenses.	Provide market competitive total compensation package.

Name and Principal Position	Year	Salary	Bonus	Stock Awards	Option Awards	Non-Equity Incentive Plan Compensation	Change in Pension Value and Nonqualified Deferred Compensation Earnings	All Other Compensation	Total
(a)	(b)	(c)	(d)	(e)(1)	(f)	(g)(2),(3)	(h)	(i)(4)	(j)
Walter R. White	2018	$865,100	N/A	$921,332	N/A	$1,842,663	N/A	$21,873	$3,650,968
President and Chief
Executive Officer
William E. Gaumond	2018	$444,125	N/A	$270,472	N/A	$  536,947	N/A	$21,380	$1,272,924
Senior Vice President,
Chief Financial Officer
Thomas P. Burns	2018	$595,000	N/A	$353,430	N/A	$  472,430	N/A	$36,329	$1,457,189
Senior Vice President,
Chief Distribution Officer
Neil H. McKay	2018	$500,000	N/A	$304,500	N/A	$  604,500	N/A	$26,215	$1,435,215
Senior Vice President,
Chief Actuary
Gretchen Cepek	2018	$436,000	N/A	$248,520	N/A	$  466,520	N/A	$21,134	$1,172,174
Senior Vice President,
General Counsel and
Secretary

Name	Year	Payments made pursuant to the AIP	Grants made pursuant to the ALTPUP(3)
Walter R. White	2018	$921,332	$921,332
William E. Gaumond	2018	$270,472	$266,475
Thomas P. Burns	2018	$353,430	$119,000
Neil H. McKay	2018	$304,500	$300,000
Gretchen Cepek	2018	$248,520	$218,000

Name	Year	Spousal Travel (5)	Milestone/ Anniversary/ Recognition(6)	Life Insurance Premiums	Employer Match to 401(k) Plan	ASAAP Cont-ribution(7)	Total
Walter R. White	2018	$    138	--	$1,110	$20,625	--	$21,873
William E. Gaumond	2018	--	--	$   755	$18,500	$2,125	$21,380
Thomas P. Burns	2018	$15,127	--	$   577	$20,625	--	$36,326
Neil H. McKay	2018	$  4,702	--	$   888	$20,625	--	$26,215
Gretchen Cepek	2018	--	--	$   509	$20,625	--	$21,134

Name	Grant Date	Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1),(2)			Estimated Future Payouts Under Equity Incentive Plan Awards(3),(4)
		Threshold ($)	Target ($)	Maximum ($)	Threshold ($)	Target ($)	Maximum ($)
(a)	(b)	(c)	(d)	(e)	(f)	(g)	(h)
Walter R. White	3/1/2019
RSUs (under AEI)					$0	$865,100	$4,282,245
AIP Award		$0	$865,100	$1,427,415
Midterm Bonus Plan		$0	$865,100	$1,427,415
William E. Gaumond	3/1/2019
RSUs (under AEI)					$0	$266,475	$1,319,051
AIP Award		$0	$266,475	$  532,950
ALTPUP Award		$0	$266,475	$  532,950
Thomas P. Burns	3/1/2019
RSUs (under AEI)					$0	$357,000	$1,767,150
AIP Award		$0	$357,000	$  714,000
ALTPUP Award		$0	$357,000	$  714,000
Neil H. McKay	3/1/2019
RSUs (under AEI)					$0	$300,000	$1,485,000
AIP Award		$0	$300,000	$  600,000
ALTPUP Award		$0	$300,000	$  600,000
Gretchen Cepek	3/1/2019
RSUs (under AEI)					$0	$218,000	$1,079,100
AIP Award		$0	$218,000	$  436,000
ALTPUP Award		$0	$218,000	$  436,000

Name	RSUs
	Number of RSUs That Have Not Vested	Market Value of RSUs That Have Not Vested	Equity Incentive Plan Awards: Number of Unearned RSUs That Have Not Vested	Equity Incentive Plan Awards: Market or Payout Value of Unearned RSUs That Have Not Vested
(a)	(g)(1)(2)	(h)(3)	(i)	(j)
Walter R. White			N/A	N/A
	6,364	$1,277,064
	10,097	$2,026,165
	8,161	$1,637,668
	7,030	$1,410,710
William E. Gaumond			N/A	N/A
	679	$  136,255
	721	$  144,683
	1,452	$  291,373
	2,039	$  409,166
Thomas P. Burns			N/A	N/A
	3,151	$  632,311
	3,714	$  745,288
	3,073	$  616,659
	2,603	$  522,344
Neil H. McKay			N/A	N/A
	2,586	$  518,933
	3,536	$  709,569
	2,550	$  511,709
	2,203	$  442,076
Gretchen Cepek			N/A	N/A
	1,650	$  331,106
	2,337	$  468,966
	1,917	$  384,684
	1,538	$  308,630

Name	Option Awards		Stock Awards
	Number of Shares Acquired on Exercise (#)	Value Realized on Exercise ($)	Number of Shares Acquired on Vesting (#)	Value Realized on Vesting ($)(1)
Walter R. White	N/A	N/A	7,927	$1,859,358
William E. Gaumond	N/A	N/A	1,559	$   365,679
Thomas P. Burns	N/A	N/A	3,723	$   873,267
Neil H. McKay	N/A	N/A	3,180	$   745,901
Gretchen Cepek	N/A	N/A	1,780	$   417,517

NEOs	Lump Sum Payment
Walter R. White	N/A(1)
William E. Gaumond	$666,188
Thomas P. Burns	$892,500
Neil H. McKay	$750,000
Gretchen Cepek	$654,000

Name	Fees Earned or Paid in Cash ($)(1)	Stock Awards ($)	Option Awards ($)	Non-Equity Incentive Plan Compensation ($)	Change in Pension Value and Nonqualified Deferred Compensation Earnings	All Other Compensation	Total ($)
(a)	(b)	(c)	(d)	(e)	(f)	(g)	(h)
Jacqueline Hunt(2) Chair of the Board	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Walter R. White(3) President and Chief Executive Officer	N/A	N/A	N/A	N/A	N/A	N/A	N/A
William E. Gaumond(3) Senior Vice President, Chief Financial Officer and Treasurer	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Ronald M. Clark Independent Director	$40,000	N/A	N/A	N/A	N/A	N/A	$40,000
Kevin E. Walker Independent Director	$40,000	N/A	N/A	N/A	N/A	N/A	$40,000
Udo Frank Independent Director	$40,000	N/A	N/A	N/A	N/A	N/A	$40,000

Allianz Life as Custodian…………………………	2	Income Tax Withholding…………………….………………..	8
Legal Opinions………………………………..…..	2	Multiple Contracts…………………………………………….	9
Distributor………………………………………….	2	Partial 1035 Exchanges………………………………………	9
Administrative Service Fees…………………….	2	Assignments, Pledges and Gratuitous Transfers………….	9
Federal Tax Status…………………………..….…	3	Death Benefits…………………………………………………	9
Annuity Contracts in General……………….…	3	Spousal Continuation and the Federal Defense of
Taxation of Annuities in General………………	3	Marriage Act (DOMA)……………………………………	9
Qualified Contracts……………………..………	3	Federal Estate Taxes…………………………………………	10
Purchasing a Qualified Contract………………	5	Generation-Skipping Transfer Tax………………………….	10
Distributions-Qualified Contracts………………	5	Foreign Tax Credits…………………………………………..	10
Distributions-Non-Qualified Contracts……..…	6	Possible Tax Law Changes………………………………….	10
Required Distributions………………………..…	7	Annuity Payments……………………………………………..	10
Diversification…………………………………….	7	Annuity Payment Options……………………………………	10
Owner Control……………………………….….	7	Appendix A – Death of the Owner and/or Annuitant………	12
Contracts Owned by Non-Individuals…………	8	Appendix B – Previous Versions of the Income Benefit
Annuity Purchases by Nonresident Aliens and		Supplement……………………………………	14
Foreign Corporations………………………….	8

Indexes:	S&P 500® Index		Russell 2000® Index		Nasdaq-100® Index		EURO STOXX 50®
DPSCs	Lowest	Highest	Lowest	Highest	Lowest	Highest	Lowest	Highest
Initial DPSC	4.10%	5.40%	4.20%	5.50%	4.20%	5.50%	5.40%	7.10%

Indexes:	S&P 500® Index		Russell 2000® Index		Nasdaq-100® Index		EURO STOXX 50®
Caps	Lowest	Highest	Lowest	Highest	Lowest	Highest	Lowest	Highest
Initial Cap	4.50%	6.00%	4.75%	6.25%	4.50%	6.00%	7.00%	10.75%

Indexes:	S&P 500® Index		Russell 2000® Index		Nasdaq-100® Index		EURO STOXX 50®
Precision Rates	Lowest	Highest	Lowest	Highest	Lowest	Highest	Lowest	Highest
Initial Precision Rate	8.00%	10.20%	8.60%	11.00%	9.50%	12.10%	11.70%	13.80%

Indexes:	S&P 500® Index		Russell 2000® Index		Nasdaq-100® Index		EURO STOXX 50®
Caps	Lowest	Highest	Lowest	Highest	Lowest	Highest	Lowest	Highest
Initial Cap	10.25%	12.50%	10.50%	12.75%	10.25%	12.50%	22.00%	25.50%

Indexes:	S&P 500® Index		Russell 2000® Index		Nasdaq-100® Index		EURO STOXX 50®
Caps	Lowest	Highest	Lowest	Highest	Lowest	Highest	Lowest	Highest
Initial Cap	14.00%	16.25%	14.25%	16.00%	14.75%	17.00%	24.00%	27.50%

Eligible Person’s Age (or younger Eligible Person’s age for joint Income Payments)	Income Percentages				Income Percentage Increases
	Level Income		Increasing Income
	Single Income Payments	Joint Income Payments	Single Income Payments	Joint Income Payments
0-50	4.00%	3.50%	3.00%	2.50%	0.25%
51	4.10%	3.60%	3.10%	2.60%	0.25%
52	4.20%	3.70%	3.20%	2.70%	0.25%
53	4.30%	3.80%	3.30%	2.80%	0.25%
54	4.40%	3.90%	3.40%	2.90%	0.25%
55	4.50%	4.00%	3.50%	3.00%	0.30%
56	4.60%	4.10%	3.60%	3.10%	0.30%
57	4.70%	4.20%	3.70%	3.20%	0.30%
58	4.80%	4.30%	3.80%	3.30%	0.30%
59	4.90%	4.40%	3.90%	3.40%	0.30%
60	5.00%	4.50%	4.00%	3.50%	0.35%
61	5.10%	4.60%	4.10%	3.60%	0.35%
62	5.20%	4.70%	4.20%	3.70%	0.35%
63	5.30%	4.80%	4.30%	3.80%	0.35%
64	5.40%	4.90%	4.40%	3.90%	0.35%
65	5.50%	5.00%	4.50%	4.00%	0.40%
66	5.60%	5.10%	4.60%	4.10%	0.40%
67	5.70%	5.20%	4.70%	4.20%	0.40%
68	5.80%	5.30%	4.80%	4.30%	0.40%
69	5.90%	5.40%	4.90%	4.40%	0.40%
70	6.00%	5.50%	5.00%	4.50%	0.45%
71	6.10%	5.60%	5.10%	4.60%	0.45%
72	6.20%	5.70%	5.20%	4.70%	0.45%
73	6.30%	5.80%	5.30%	4.80%	0.45%
74	6.40%	5.90%	5.40%	4.90%	0.45%
75	6.50%	6.00%	5.50%	5.00%	0.50%
76	6.60%	6.10%	5.60%	5.10%	0.50%
77	6.70%	6.20%	5.70%	5.20%	0.50%
78	6.80%	6.30%	5.80%	5.30%	0.50%
79	6.90%	6.40%	5.90%	5.40%	0.50%
80+	7.00%	6.50%	6.00%	5.50%	0.55%

ISSUE STATE	FEATURE AND BENEFITS	VARIATION
California	Eligible Person(s) and Covered Person(s) See section 2	· We do not remove a person as an Eligible Person(s) or Covered Person(s) following an assignment, ownership change, or Beneficiary change. · If you are the sole individual Owner or a Joint Owner and select joint Income Payments, you must designate an Owner to be a Covered Person.
	Assignments, Changes of Ownership and Other Transfers of Contract Rights See section 2	We cannot restrict assignments or changes of ownership. · We do not change the Determining Life (Lives) following an assignment or ownership change. If you assign the Contract and the Determining Life (Lives) are no longer an Owner (or Annuitant if the Owner is a non-individual) the Traditional Death Benefit or Maximum Anniversary Value Death Benefit may not be available and on the Owner’s death the Beneficiary(s) will only receive the Contract Value. · If you assign the Contract on or before the Income Benefit Date and as a result none of the Eligible Person(s) are an Owner (or Annuitant if the Owner is a non-individual), Income Payments will not be available, but the Income Benefit and its associated rider fee will continue. Your only recourse is to restore an Eligible Person as an Owner by assigning or changing ownership, or to remove the Income Benefit if you no longer want to pay the rider fee. · If you assign the Contract after the Income Benefit Date and a Covered Person(s) who was previously an Owner no longer has that position, the Income Benefit and any Income Payments may end even if the Covered Person is still alive.
	Free Look/Right to Examine Period See section 3	For Owners age 60 or older (or Annuitants age 60 or older for non-individually owned Contracts), we are required to allocate your initial Purchase Payment to the AZL Government Money Market Fund during the 30 day free look period unless you specify otherwise on the appropriate form. If you want to immediately apply your Purchase Payment to the Index Options you must opt out of this allocation. If you do not opt out of this allocation to the AZL Government Money Market Fund your Index Effective Date cannot occur until the free look period has ended.

ISSUE STATE	FEATURE AND BENEFITS	VARIATION
California (continued)	When the Income Benefit Ends See section 9	The Income Benefit and any Income Payments end based on the earlier of the date of death of an individual Owner (or Annuitant if the Owner is a non-individual), or last surviving Covered Person. Upon the death of an individual Owner (or Annuitant if the Owner is a non-individual), if the deceased’s spouse: · continues the Contract, the Income Benefit and Income Payments end on the earlier of the date of death of the surviving spouse, or last surviving Covered Person. · elects to receive payment of the death benefit, the Income Benefit ends on the Business Day we receive his or her Valid Claim. This means if you assign the Contract after the Income Benefit Date, Income Payments may end even if the Covered Person is still alive.
Connecticut	Eligible Person(s) and Covered Person(s) See section 2	· We do not remove a person as an Eligible Person(s) or Covered Person(s) following an assignment, ownership change, or Beneficiary Change. · If you are the sole individual Owner or a Joint Owner and select joint Income Payments, you must designate an Owner to be a Covered Person.
	Assignments, Changes of Ownership and Other Transfers of Contract Rights See section 2	We can only restrict assignments to settlement companies and institutional investors as described in your Contract. · We do not change the Determining Life (Lives) following an assignment or ownership change. · If you assign the Contract and the Determining Life (Lives) are no longer an Owner (or Annuitant if the Owner is a non-individual) the Traditional Death Benefit or Maximum Anniversary Value Death Benefit may not be available and on the Owner’s death the Beneficiary(s) will only receive the Contract Value. · If you assign the Contract on or before the Income Benefit Date and as a result none of the Eligible Person(s) are an Owner (or Annuitant if the Owner is a non-individual), Income Payments will not be available, but the Income Benefit and its associated rider fee will continue. Your only recourse is to restore an Eligible Person as an Owner by assigning or changing ownership, or to remove the Income Benefit if you no longer want to pay the rider fee. · If you assign the Contract after the Income Benefit Date and a Covered Person(s) who was previously an Owner (or Annuitant if the Owner is a non-individual) no longer has that position, the Income Benefit and any Income Payments may end even if the Covered Person is still alive.

ISSUE STATE	FEATURE AND BENEFITS	VARIATION
Connecticut (continued)	When the Income Benefit Ends See section 9	The Income Benefit and any Income Payments end based on the earlier of the date of death of an individual Owner (or Annuitant if the Owner is a non-individual), or last surviving Covered Person. Upon the death of an individual Owner (or Annuitant if the Owner is a non-individual), if the deceased’s spouse: · continues the Contract, the Income Benefit and Income Payments end on the earlier of the date of death of the surviving spouse, or last surviving Covered Person. · elects to receive payment of the death benefit, the Income Benefit ends on the Business Day we receive his or her Valid Claim. This means if you assign the Contract after the Income Benefit Date, Income Payments may end even if the Covered Person is still alive.
Delaware	Our Unregistered Separate Account See section 12	All of the assets backing the Index Precision Strategy, Index Guard Strategy and Index Performance Strategy Index Options are allocated to Separate Account IANA. We do not move assets between the general account and Separate Account IANA for Contracts issued in Delaware.
Florida	Withdrawal Charges See Fee Tables and section 6	The total withdrawal charge on a partial or full withdrawal cannot be greater than 10% of the Contract Value withdrawn.
	Assignments, Changes of Ownership and Other Transfers of Contract Rights See section 2	We cannot restrict assignments or changes of ownership. · We do not change the Determining Life (Lives) following an assignment or ownership change. If you assign the Contract and the Determining Life (Lives) are no longer an Owner (or Annuitant if the Owner is a non-individual) the Traditional Death Benefit or Maximum Anniversary Value Death Benefit may not be available and on the Owner’s death the Beneficiary(s) will only receive the Contract Value.
	Purchase Requirements See section 3	We can only decline a Purchase Payment if it would cause total Purchase Payments to be more than $1 million, or if it would otherwise violate the Purchase Payment restrictions of your Contract (for example, we do not allow additional Purchase Payments on or after the Annuity Date).
	When Annuity Payments Begin See section 8	The earliest acceptable Annuity Date is one year after the Issue Date.
Iowa	Withdrawal Charges See Fee Tables and section 6	The withdrawal charge is 8.25%, 8%, 7%, 6%, 5%, 4% and 0% for time periods referenced in the Fee Tables and section 6.
Massachusetts	Waiver of Withdrawal Charge Benefit See section 7	The waiver of withdrawal charge benefit is not available.
Mississippi	Withdrawal Charges See Fee Tables and section 6	The withdrawal charge is 8.5%, 7.5%, 6.5%, 5.5%, 5%, 4% and 0% for time periods referenced in the Fee Tables and section 6.
	Purchase Requirements See section 3	We do not accept additional Purchase Payments on or after the first Contract Anniversary.
Montana	Access to Your Money See section 7	If you take a partial withdrawal that reduces the Contract Value below $2,000, we contact you by phone and give you the option of modifying your withdrawal request. If we cannot reach you, we process your request as a full withdrawal.
New Hampshire	Waiver of Withdrawal Charge Benefit See section 7	The definition of nursing home is an institution operated in accordance with state law.

ISSUE STATE	FEATURE AND BENEFITS	VARIATION
New Jersey	Joint Owner See section 2	We allow civil union partners to be Joint Owners.
	Eligible Person(s) and Covered Person(s) See section 2	We allow civil union partners to be joint Eligible Persons and joint Covered Persons. If at any time joint Eligible Persons or joint Covered Persons are no longer civil union partners you must send us written notice. If we receive notice on or before the Income Benefit Date, joint Income Payments will not be available to you. If we receive notice after the Income Benefit Date, we will remove one former civil union partnerfrom the Contract as a Covered Person and also as an Owner, Joint Owner, Annuitant and/or Beneficiary.
	Assignments, Changes of Ownership and Other Transfers of Contract Rights See section 2	We cannot restrict assignments or changes of ownership. · We do not change the Determining Life (Lives) following an assignment or ownership change. If you assign the Contract and the Determining Life (Lives) are no longer an Owner (or Annuitant if the Owner is a non-individual) the Traditional Death Benefit or Maximum Anniversary Value Death Benefit may not be available and on the Owner’s death the Beneficiary(s) will only receive the Contract Value.
	Purchase Requirements See section 3	The maximum total Purchase Payments that we can accept is $1 million. We must decline a Purchase Payment if it would cause total Purchase Payments to be more than $1 million, or if it would otherwise violate the Purchase Payment restrictions of your Contract (for example, we do not allow additional Purchase Payments on or after the Annuity Date).
Ohio	Assignments, Changes of Ownership and Other Transfers of Contract Rights See section 2	We cannot restrict assignments or changes of ownership. · We do not change the Determining Life (Lives) following an assignment or ownership change. If you assign the Contract and the Determining Life (Lives) are no longer an Owner (or Annuitant if the Owner is a non-individual) the Traditional Death Benefit or Maximum Anniversary Value Death Benefit may not be available and on the Owner’s death the Beneficiary(s) will only receive the Contract Value.
Pennsylvannia	Withdrawal Charges See Fee Tables and section 6	The withdrawal charge is 8.25%, 8%, 7%, 6%, 5%, 4% and 0% for time periods referenced in the Fee Tables and section 6.
	Waiver of Withdrawal Charge Benefit See section 7	The waiver is not available if on the Issue Date, an Owner was confined to a nursing home or was already diagnosed with a terminal illness. Also, the nursing home confinement requirement is a total of 90 days within a six month period. These 90 days do not need to be consecutive.
Texas	Assignments, Changes of Ownership and Other Transfers of Contract Rights See section 2	We cannot restrict assignments or changes of ownership. ·We do not change the Determining Life (Lives) following an assignment or ownership change. If you assign the Contract and the Determining Life (Lives) are no longer an Owner (or Annuitant if the Owner is a non-individual) the Traditional Death Benefit or Maximum Anniversary Value Death Benefit may not be available and on the Owner’s death the Beneficiary(s) will only receive the Contract Value.
	Purchase Requirements See section 3	We do not accept additional Purchase Payments on or after the first Contract Anniversary.
	Access to Your Money See section 7	We only treat a partial withdrawal that reduces the Contract Value below $2,000 as a full withdrawal if you have not made an additional Purchase Payment in the past two calendar years.

ISSUE STATE	FEATURE AND BENEFITS	VARIATION
Texas (continued)	Our Unregistered Separate Account See section 12	We hold all assets that you allocate to the Index Precision Strategy, Index Guard Strategy and Index Performance Strategy Index Options that are not invested in the general account in an unregistered, non-unitized, insulated separate account (Separate Account IATX). Separate Account IATX is structured differently from Separate Account IANA. Unlike Separate Account IANA, Separate Account IATX is for the exclusive benefit of persons purchasing a Contract in the State of Texas. Separate Account IATX is insulated from the claims of creditors and Contract purchasers are given priority with regard to Separate Account IATX’s assets over Contract purchasers from other states as well as general creditors. Separate Account IATX was established under Minnesota law for the benefit of Texas Contract purchasers. Separate Account IATX supports our obligations to pay Performance Credits to Texas Contract Owners. Allocations and reallocations to and from the Separate Account IATX are managed in the same manner as Separate Account IANA. Neither Texas Contract purchasers nor these Index Options participate in any way in the performance of assets held in Separate Account IATX.
Utah	Purchase Requirements See section 3	We do not accept additional Purchase Payments on or after the first Contract Anniversary.
Wisconsin	Assignments, Changes of Ownership and Other Transfers of Contract Rights See section 2	We cannot restrict assignments or changes of ownership. · We do not change the Determining Life (Lives) following an assignment or ownership change. If you assign the Contract and the Determining Life (Lives) are no longer an Owner (or Annuitant if the Owner is a non-individual) the Traditional Death Benefit or Maximum Anniversary Value Death Benefit may not be available and on the Owner’s death the Beneficiary(s) will only receive the Contract Value.

Send an application or additional Purchase Payment with a check:	Send an application or general customer service without a check:
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Allianz Life Insurance Company of North America	Allianz Life Insurance Company of North America
NW5989	P.O. Box 561
P.O. Box 1450	Minneapolis, MN 55440-0561
Minneapolis, MN 55485-5989
OVERNIGHT, CERTIFIED, OR REGISTERED MAIL	OVERNIGHT, CERTIFIED, OR REGISTERED MAIL
Allianz Life Insurance Company of North America	Allianz Life Insurance Company of North America
NW5989	5701 Golden Hills Drive
1801 Parkview Drive	Golden Valley, MN 55416-1297
Shoreview, MN 55126