Allianz Vision Variable Annuity

Product profile
An Allianz VisionSM Variable Annuity may help you reach your retirement goals. In addition to tax deferral and market participation,
Allianz Vision offers flexible choices with optional living and death benefit packages to customize your retirement strategy.
Use the following features and benefits to help make the right choices for you and your beneficiaries.

Contract Base Short withdrawal charge Bonus

1.40% 1.65% 1.70%

Mortality and expense
$50 annually (waived $50 annually (waived $50 annually (waived
risk charges and
for contract values of $100,000 for contract values of $100,000 for contract values of $100,000 or more)
maintenance fees
or more) or more)

7 years 4 years 9 years

Withdrawal charge assessed
(8.5%, 8.5%, 7.5%, 6.5%, 5.0%, (8.5%, 7.5%, 5.5%, 3.0%, 0%) (8.5%, 8.5%, 8.5%, 8.0%, 7.0%, 6.0%, 5.0%,
against purchase payments
4.0%, 3.0%, 0%) 4.0%, 3.0%, 0%)

6% on all purchase payments received

before the oldest owner's 81st birthday.
Bonus vesting based on complete years
Bonus N/A N/A
since receipt of purchase payments.
Years 0 1 2 3
Vesting 0% 35% 70% 100%

Greater of:
Traditional death benefit
Contract value Purchase payments (adjusted for withdrawals)

Minimum purchase Initial: $10,000 qualified and nonqualified Subsequent: $250 ($100 with Automatic Investment Plan)
payments Initial: $25,000 with Lifetime Plus Benefit

Issue age 0-80

Over 50 investment options from more than 10 highly respected money managers.
Investment options
Allocation restrictions apply if the Lifetime Plus Benefit is elected.

Gross annual
Minimum Maximum This does not include contractual fee waivers or expense
operating expense
0.49% 2.53% reimbursements, which would lower these expenses.
of investment options

12 free per year ($25 thereafter). Flexible rebalancing and automatic quarterly anniversary
Tax-free transfers
rebalancing are not counted against the 12 transfers in a contract year.

Waivers Nursing home after first contract year (may not be available in all states)

12% of purchase payments per contract year. Not available on a full withdrawal. Upon a full withdrawal,
any previous penalty-free withdrawals may still be subject to a withdrawal charge.
Withdrawal privileges
Withdrawals will reduce the contract value and the value of any living or death benefits.
Additional withdrawals taken within the contract withdrawal schedule will be subject to a withdrawal charge.
All withdrawals are subject to ordinary income tax and, if taken prior to age 59 12, a 10% federal tax penalty.

Life Joint and last survivor Refund life

Payout options
Life with period certain Joint and last survivor with period certain

Systematic withdrawals
Automatic Investment Plan
Other features
Required Minimum Distribution program
Flexible rebalancing available for contracts without the Lifetime Plus Benefit

VSN-005 Product availability and features may vary by state.

 Optional benefits

Accumulation

Lifetime Plus Benefit establishes the benefit base, which is accessed by exercising
the Lifetime Plus payments. The benefit base is available any time through
Lifetime Plus payments, and is adjusted for withdrawals.

Lifetime Plus Benefit M&E
charge waived for 2 years
Lifetime Plus Benefit
0.70% additional cost for
single life guarantee payout.
0.85% additional cost for joint
life guarantee payout. (Payments
guaranteed for your life as well as
the life of your spouse.)
Quarterly anniversary value: Each contract quarterly anniversary date, gains are
automatically locked in to establish the highest quarterly contract value.
The contract value may be higher between the anniversary dates, and will
not be locked in.
5% annual increase: The purchase payments are guaranteed to compound by
5% each year, for the first 10 years.
Enhanced 10-year value: If you do not exercise the Lifetime Plus payments for 10 years, the
benefit base will equal or exceed twice your purchase payments, or any anniversary reset will
double 10 years from the reset. This value is also known as the 5% annual increase cap.
Optional contract anniversary reset: On any anniversary you can reset your 5% annual increase,
prior to the oldest owners age 81. The reset value will begin receiving the 5% annual increase
and quarterly anniversary values will continue to be locked in. Your new reset value will
double 10 years from the reset date and will be based on the reset value, giving you a new
enhanced 10-year value.
Decumulation

We will automatically
rebalance your assets every Lifetime Plus payments are guaranteed for your life, or for your life and the life of your spouse,
quarter to maintain your current if you select joint life payments. Your initial Lifetime Plus payments will be based on your benefit
investment allocation percentages. base, multiplied by the percentage in your age band based on the youngest covered person.
At age 60, 70, and 80 your payments may increase.
Age Payment %
50-59 4%
60-69 5%
70-79 6%
80-90 7%

Annual payment increase:

Your payments will increase based on positive contract value performance from one benefit
anniversary to the next. Each benefit anniversary, we compare the current contract value to
the contract value of the last benefit anniversary. If the current contract value is higher, your
Lifetime Plus payment will increase by the same percentage as the increase between the
two contract values.

Quarterly value death benefit Greater of:

Quarterly anniversary value (up to the oldest owners 91st birthday, adjusted for withdrawals)
0.30% additional cost Contract value
Purchase payments (adjusted for withdrawals)

For more complete information about Allianz Vision 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.
Investment returns and principal value will fluctuate with market conditions so that units, when redeemed, may be worth more or
less than the original cost.
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
Guarantees are based on the financial strength and claims-paying ability of Allianz Life Insurance Company of North America and do not apply to the
contract values, which fluctuate daily.
Premium or similar taxes may apply upon annuitization, full withdrawal, or at the time of death.
Issued by Allianz Life Insurance Company of North America and distributed by its affiliate, Allianz Life Financial Services, LLC, 5701 Golden Hills Drive,
Minneapolis, MN 55416-1297. Member NASD. 800.624.0197 www.allianzlife.com
Policy L40529, L40530
Product availability and features may vary by state. (R-8/2007)