Market Overview

Allianz Life Introduces Index Advantage Income℠ Variable Annuity

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New IVA May Offer Those Who Feel Behind on Retirement Saving the
Opportunity to Catch Up

Allianz Life Insurance Company of North America (Allianz
Life
®) today announced the launch of
its Allianz
Index Advantage Income℠ Variable Annuity
. The new index variable
annuity offers clients the potential to increase their lifetime income
and helps address some of the challenges they may face in retirement.
The solution is designed for clients looking for growth potential with
the opportunity for a level of protection, or who feel behind on their
retirement savings and want help catching up.

The Index Advantage Income product includes three key features to help
meet retirement goals, including income withdrawal percentages that
offer the potential to increase each year retirement income is deferred,
the ability to customize growth potential and protection opportunities
through a variety of crediting methods (also called index strategies),
and an option for guaranteed income for life that can increase each year1.

"Clients who are closer to retirement and feel they should catch up on
saving need additional opportunities for growth, but with a level of
protection available," said Tom Burns, chief distribution officer,
Allianz Life. "The Index Advantage Income Variable Annuity offers a
unique combination of protection potential and guaranteed income that
could increase."

One of the highlights of the Index Advantage Income Variable Annuity is
increasing income potential. Beginning at age 45, the lifetime income
percentage is guaranteed to increase each year someone defers income
payments – even if their retirement assets fluctuate.

"While they wait for retirement, clients have the opportunity to build
their assets through a variety of our innovative index strategies," said
Burns. "If their objectives change or markets fluctuate, they also have
the ability to reallocate between five index strategies each year before
they begin to receive income payments."

After waiting a year, clients who are at least age 50 and ready to
retire can choose either level or increasing income payment options,
depending on their specific income needs.

The new Index Advantage Income Variable Annuity also offers tax deferral
with the opportunity to grow savings faster, free withdrawal privileges,
a variety of lifetime payout options and death benefit options.

1 Automatically included with the contract at issue for an
additional Income Benefit rider fee of 0.70%. Index Advantage Income
also includes a product fee of 1.25%, accrued daily and deducted on each
quarterly contract anniversary.

For more complete information about Allianz Index Advantage Income
Variable Annuity and variable investment options, call your financial
professional or Allianz Life Financial Services, LLC at 800.624.0197 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 investment options, which you should
carefully consider. Please read the prospectuses thoroughly before
sending money.

Variable annuities are subject to investment risk, including possible
loss of principal. Investment returns and principal value will fluctuate
with market conditions so that units, upon distribution, may be worth
more or less than the original cost.

Withdrawals will reduce the contract value and the value of any
protection benefits. Withdrawals taken within the contract withdrawal
charge schedule will be subject to a withdrawal charge. All withdrawals
are subject to ordinary income tax and, if taken prior to age 59½, 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 and do not
apply to the performance of the variable subaccounts, which will
fluctuate with market conditions.

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 www.allianzlife.com
(L40538-IAI)

About Allianz Life Insurance Company of North America

Allianz
Life Insurance Company of North America
, one of FORTUNE's 100 Best
Companies to Work For® in 2018, 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. In 2017, Allianz Life provided a total of
$2.7 billion in benefit payments that supported policyholders' financial
objectives. 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 in more than 70 countries worldwide.
More than 85 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, where it is not authorized to
do so. In New York, products are issued by Allianz Life Insurance
Company of New York.

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