Allianz Life Insurance Company of North America
Get protection with
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Pass it on.
This brochure is designed to provide you with an Guarantees are backed by the financial strength and
overview of the optional Investment Protector claims-paying ability of Allianz Life Insurance Company
rider (05.10) available with Allianz Vision deferred of North America (Allianz) and do not apply to the
variable annuity. performance of the variable subaccounts, which will
This material must be preceded or accompanied by fluctuate with market conditions.
the client product overview and a current prospectus Products are issued by Allianz Life Insurance Company of
for Allianz VisionSM Variable Annuity. North America and distributed by its affiliate, Allianz Life
Financial Services, LLC, member FINRA.
Call your financial professional or Allianz Life Financial
Not FDIC insured • May lose value • No bank or credit union
Services, LLC, member FINRA, at 800.624.0197 to obtain guarantee • Not a deposit • Not insured by any federal
a prospectus about Allianz variable investment government agency or NCUA/NCUSIF
options. The prospectuses contain details on Product and feature availability may vary by state and
investment objectives, risks, fees, and expenses, as broker/dealer.
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.
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Are you ready for life’s financial
Retirement has changed – and so has your role in So as you move through life’s financial turning points –
preparing for it. The erosion of traditional sources of from building assets, to using them to fund a long-term
Build it. retirement income – pensions and Social Security – retirement, to passing on a legacy to your loved ones
coupled with a longer life expectancy (and potentially – meeting your financial goals requires more planning
Use it. more years in retirement) places a greater responsibility and commitment than ever before.
on you to provide the funding for the lifestyle you want.
Pass it on.
And with this new responsibility comes new concerns:
the effects of a volatile market on your accumulated
assets and the potential impact of inflation on your
future purchasing power.
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Investment Protector rider at a glance
The Investment Protector rider is an accumulation benefit that provides a level of protection for the principal you
invest – while locking in your highest annual contract value for a specific date 10 or more years in the future.
Issue age May be selected up to the older owner’s attained age 80, with the latest initial Target Value Date
to age 90.1
Annual rider Current charge at issue is 0.90%.
charge The charge is a percentage of the Target Value (deducted quarterly) and is subject to change
on each quarterly anniversary. It will never be less than the minimum of 0.35%, or greater than
the maximum of 2.50%. The rider charge cannot increase or decrease more than 0.35% in any
Purchase Allowed during the first three years (including with Automatic Investment Plan)
payments Additional purchase payments after the first quarter are subject to an annual contribution limit.
Selecting a Target Value Date Rider Anniversary Value
You select an Initial Target Value Date at the time you On each rider anniversary, your contract value is locked
Build it. add the Investment Protector to your contract. The in if it is higher than the previously locked-in value.
earliest date you can select is 10 years after you add Your contract value may be higher between rider
assets to retire the the rider. The latest date you can select is the rider anniversary dates, but will not be locked in. Once the
way you want. anniversary that occurs before the older owner’s 91st Rider Anniversary Value is established, it can never
birthday. Additional Target Value Dates will occur every decrease, unless you take a withdrawal. Withdrawals
fifth rider anniversary after the initial Target Value Date. include any applicable withdrawal charge and partial
Establishing your Target Value
On the last business day before your Target Value Date, Resetting the initial Target Value Date
your contract value is guaranteed to be equal to or You can request a reset within 30 days following
greater than your Target Value. any rider anniversary prior to age 81, and before
the initial Target Value Date, as long as the contract
If the Investment Protector is selected at issue, value is at least equal to the current Target Value.
your Target Value is the greater of: You can choose any initial Target Value Date as long
• 100% of your total purchase payments (adjusted as it’s a rider anniversary that’s at least 10 years from
for withdrawals) the reset anniversary, and no later than the rider
• 100% of your Rider Anniversary Value (highest anniversary before the older owner’s 91st birthday.
locked-in annual contract value) Your allocation rules will also reset to align with your
new initial Target Value Date.
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Money credited to your contract
On the last business day before each Target Value Date, If you decide not to fully withdraw your money,
Use it. if your contract value is lower than the Target Value that additional Target Value Dates will occur on every fifth
was locked in on a prior rider anniversary, we will add rider anniversary while the Investment Protector is in
Retire with choices
money to your contract to equal the locked-in value. effect, and you will have the opportunity to lock in new
and use your assets
for a specific goal. Target Values. This will not change your most recent
Choices on your Target Value Date investment allocation rules, which are covered in the
Once money has been added to your contract, you next section.
can keep the Investment Protector working, create
a retirement income stream, or access the entire
amount. Please keep in mind that your contract value
will be subject to market fluctuations on and after the
Target Value Date.
Taking withdrawals reduces the Target Value, the contract value, and the value of any death benefits. Withdrawals
are taxed as ordinary income and, if taken prior to age 59 ½, a 10% federal tax penalty may apply. Withdrawals,
for tax purposes, are deemed to come first from any gains.
In Massachusetts, the Investment Protector must be selected on the day you purchase your Allianz VisionSM contract.
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Investment Protector provides protection and access
• Level of principal protection: Guaranteed return of purchase payments after a minimum of 10 years.
• Lock-in of your Rider Anniversary Value: On the rider anniversary, if your contract value is higher than the previous locked-in value, the higher value is locked in.
• Money credited to your contract: On the last business day before the Target Value Date, money will be added to your contract value to equal the Target Value.
• Access to your contract value: Once money has been added to your contract value, you can access the entire amount.
Example: Gains locked in automatically and money credited to your contract
These hypothetical examples are provided to show how your Rider Anniversary Value is locked in and then how money is credited on the last business day before your Target
Value Date. These examples do not predict or project the actual performance of Allianz VisionSM Variable Annuity or its investment options. These examples assume you select the
Investment Protector at issue and take no withdrawals before the initial Target Value Date.
Build it. Principal protection combined with the
opportunity to lock in the Rider Anniversary Value can help
you add a level of certainty to your retirement goals.
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Rider Anniversary Value
after 8 anniversary
Rider Anniversary Value
payments while th
after 4 anniversary
locking in gains.
Rider Anniversary Value
after 1 anniversary
Original Target Value
Years 0 1 2 3 4 5 6 7 8 9 10 Initial Target Value Date
Money added to the contract value to equal the Target Value,
Use it. You have the flexibility to
which is the greater of 100% of the locked-in Rider Anniversary
retire with choices and use your assets
Value or the purchase payments adjusted for withdrawals.
for a specific goal.
to your contract.
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Years 0 1 2 3 4 5 6 7 8 9 10 Initial Target Value Date
You will have the following options once money has been
added to your contract value:
• Keep the Investment Protector working
• Create a retirement income stream
• Access your money
Initial allocation rules are based on your initial
Target Value Date.
The percentages of your contract value allowed or required in your three investment option groups are
based on the number of years until your initial Target Value Date.
Years until Maximum % of contract Maximum % of contract Minimum % of contract
your initial value you are allowed to value you are allowed to value you are required to
Target Value Date allocate to Groups A, and B/X allocate to Group A allocate to Group Y
17 or more 95% 30% 5%
16 90% 30% 10%
15 85% 25% 15%
14 80% 25% 20%
13 75% 20% 25%
12 70% 20% 30%
11 65% 15% 35%
10 60% 15% 40%
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More conservative allocations as your initial Target
Value Date nears.
With each passing year, a minimum of 5% moves into the most conservative group. For more detailed information,
see the “Investment Option Allocation, Transfer, and Quarterly Rebalancing” section of the prospectus.
Example: Investment option allocations over time
This hypothetical illustration is provided to show how investment option allocations vary with respect to time. It does not
show how allocations vary with respect to changes in contract value. The initial Target Value Date selected is 10 years. The
initial investment option allocation selected is 15% in Group A, 45% in Groups B/X, and 40% in Group Y.
10 years to 8 years to 4 years to
Target Value Date Target Value Date Target Value Date Target Value Date
A – 15% A – 10% A – 5% A – 5%
B/X – 45% B/X – 40% B/X – 25% B/X – 5%
Y – 40% Y – 50% Y – 70% Y – 90%
More conservative allocations if your contract
On each quarterly anniversary, your contract value is compared to the guaranteed Target Value. For each 6% by
which the contract value is lower than the Target Value, an additional 5% moves into the most conservative group
(Group Y). However, over any 12-month period, the amount required in Group Y will not increase by more than
15%, and is guaranteed never to be more than 90%. See the “Investment Option Allocation, Transfer, and Quarterly
Rebalancing” section of the prospectus for detailed information.
Once your allocation rules become more conservative, they will never become more aggressive unless you choose
to reset the initial Target Value Date.
Example: Investment option allocations with declining contract value
This hypothetical illustration, using the same initial investment option allocations above, reflects what would have
happened at the first contract anniversary if the contract value had remained the same or had decreased as compared
to the Target Value.
9 years – even 9 years – down 7% 9 years – down 13% 9 years – down 19%
A – 10% A – 10% A – 5% A – 5%
B/X – 45% B/X – 40% B/X – 40% B/X – 40%
Y – 45% Y – 50% Y – 55% Y – 55%
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Your investment options
When you select the optional Investment Protector, allocation rules apply to support the guarantees provided by this
rider. Allocation of your contract value to aggressive investment options will be limited. This may limit the downside
risk and the upside potential to your contract.
Group A investment options Group B/X investment options
Fund of Funds Fund of Funds
■ AZL FusionSM Growth Fund ■ AZL® Balanced Index Strategy Fund
■ AZL FusionSM Balanced Fund
Equity ■ AZL FusionSM Conservative Fund
Small cap ■ AZL FusionSM Moderate Fund
■ AZL® Allianz AGIC Opportunity Fund ■ AZL® Growth Index Strategy Fund
■ AZL® Columbia Small Cap Value Fund ■ Fidelity VIP FundsManager 50% Portfolio
■ AZL® Franklin Small Cap Value Fund ■ Fidelity VIP FundsManager 60% Portfolio
■ AZL® Small Cap Stock Index Fund
■ AZL® Turner Quantitative Small Cap Growth Fund
Specialty ■ AZL® Columbia Mid Cap Value Fund
■ AZL® Morgan Stanley Global Real Estate Fund ■ AZL® Mid Cap Index Fund
■ AZL® Schroder Emerging Markets Equity Fund ■ AZL® Morgan Stanley Mid Cap Growth Fund
■ Franklin Templeton VIP Founding Funds Allocation Fund Large Growth
■ PIMCO VIT Commodity RealReturn Strategy Portfolio ■ AZL® BlackRock Capital Appreciation Fund
■ AZL® Dreyfus Equity Growth Fund
Group Y investment options International Equity
■ AZL® International Index Fund
Fixed Income ■ AZL® Invesco International Equity Fund
■ AZL® JPMorgan International Opportunities Fund
High Yield Bond ■ PIMCO EqS Pathfinder Portfolio
■ PIMCO VIT High Yield Portfolio ■ Templeton Growth Securities Fund
Intermediate Term Bond Large Blend
■ Franklin U.S. Government Fund ■ AZL® JPMorgan U.S. Equity Fund
■ PIMCO VIT Global Advantage Strategy Bond Portfolio ■ AZL® MFS Investors Trust Fund
■ PIMCO VIT Real Return Portfolio ■ AZL® S&P 500 Index Fund
■ PIMCO VIT Total Return Portfolio
■ Templeton Global Bond Securities Fund
■ AZL® Davis NY Venture Fund
Cash Equivalent ■ AZL® Eaton Vance Large Cap Value Fund
■ AZL® Money Market Fund ■ AZL® Invesco Growth and Income Fund
■ Mutual Shares Securities Fund
■ PIMCO VIT Unconstrained Bond Portfolio Specialty
■ AZL® Franklin Templeton Founding Strategy Plus Fund
■ AZL® Gateway Fund
■ AZL® Invesco Equity and Income Fund
■ BlackRock Global Allocation V.I. Fund
■ Franklin Income Securities Fund
■ PIMCO VIT All Asset Portfolio
■ PIMCO VIT Global Multi-Asset Portfolio
Allianz Life Insurance Company of North America, Allianz Life Financial Services, LLC, Allianz Investment Management, LLC, Allianz Global
Investors, and PIMCO are affiliated companies.
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Build it, use it,
pass it on:
helps make it possible.
Every quarter, Allianz will automatically rebalance your assets to maintain your investment allocations, based on your most recent choices
for future purchase payments and any changes to the allowed maximum and required minimum group allocations. You can choose to
have your contract value rebalanced quarterly even if you don’t select the Investment Protector. See the Allianz VisionSM Variable Annuity
prospectus for more details.
Please note: We may add or remove investment options from your contract in the future. If we do, we will provide written notice
regarding additions or deletions to the investment option group. See the prospectus for the most current list of investment options
available in each group.
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True to our promises …
so you can be true to yours. ®
A leading provider of annuities and life insurance, Allianz Life Insurance Company
of North America (Allianz) bases each decision on a philosophy of being true:
True to our strength as an important part of a leading global financial organization.
True to our passion for making wise investment decisions. And true to the people
we serve, each and every day.
Through a line of innovative products and a network of trusted financial
professionals, and with over 2.2 million contracts issued, Allianz helps millions
of people as they seek to achieve their financial and retirement goals. Founded
in 1896, Allianz is proud to play a vital role in the success of our global parent,
Allianz SE, one of the world’s largest ﬁnancial services companies.
While we pride ourselves on our financial strength, we’re made of much more
than our balance sheet. We believe in making a difference with our clients by being
true to our commitments and keeping our promises. People rely on Allianz today
and count on us for tomorrow – when they need us most.
Guarantees are backed solely 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.
Allianz VisionSM Variable Annuity Allianz Vision Variable Annuity
is issued by: is distributed by:
Allianz Life Insurance Company Allianz Life Financial Services, LLC
of North America 5701 Golden Hills Drive
5701 Golden Hills Drive Minneapolis, MN 55416-1297
Minneapolis, MN 55416-1297 800.624.0197 L40529, L40530
800.624.0197 Member FINRA (R-5/2011)
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