Allianz Vision Variable Annuity

SM

Lifetime Plus Benefit

with manual resets

Allianz Life Insurance Company of North America

VSN-044a
This brochure is designed to provide you with an overview of the optional Lifetime Plus Benefit available with Allianz Vision,SM

a deferred variable annuity.

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.

This material must be preceded or accompanied by a current prospectus and client brochure for Allianz Vision Variable
Annuity. Call your financial professional or Allianz Life Financial Services, LLC at 800.624.0179 to obtain a prospectus
about Allianz variable investment options. The prospectuses contain details on investment objectives, risks, fees, and
expenses, as well as other information about the variable annuity and underlying investment options, which you should
carefully consider. Please read the prospectuses thoroughly before sending money.

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

Product availability and features may vary by state and by broker dealer.

Lifetime Plus Benefit
Growing your assets with the
optional Lifetime Plus Benefit
Youre aware of the reality of your
retirement needs. You know that
its time to get growing. You have
investment options, but for something
this important, are there other choices
that might help you grow and protect
your assets? For an additional
charge, you can elect the Lifetime
Plus Benefit.
Lifetime Plus Benefit:
Additional charge of 0.70% with
single Lifetime Plus payment
or 0.85% with joint Lifetime
Plus payment.
May be selected up to the oldest
covered persons attained age 80.
A covered person is the person(s)
on which we base income payments.
Allianz VisionSM Variable Annuity
You can add the Lifetime Plus Benefit
one time on any contract anniversary,
as long as your contract value is over
$10,000 and the oldest covered person
on the contract is 80 years old or
younger. If you add the benefit at a
later date, the additional charge
may be more or less than if you
had selected it when you first
purchased your contract. You can
drop the Lifetime Plus Benefit one
time on any contract anniversary.
If you select the Lifetime Plus Benefit,
allocations of your contract value to
aggressive investment options will
be limited. This may limit the
downside risk and the upside
potential to your contract.
With the Lifetime Plus Benefit,
we automatically rebalance your
assets every quarter to maintain
your investment allocation based
on your most recent allocation for
future purchase payments. You
can choose quarterly rebalancing
even if you dont select this benefit.
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Allianz VisionSM Variable Annuity

Accumulation

Establishing your Benefit Base Quarterly anniversary value

If you select the Lifetime Plus Benefit When the market is performing
at issue, your initial Benefit Base is favorably and your contract value
equal to your purchase payments. posts a gain on a quarterly contract
If you add the Lifetime Plus Benefit anniversary compared to the previous
on a contract anniversary, your initial quarterly anniversary, the higher value
Benefit Base will equal that contract will automatically lock in for you.
anniversary value. This will occur until the oldest covered
person is 91 years old or until you
If you wait to start taking income,
elect to take income from your benefit
the Lifetime Plus Benefit may help
base. The contract value may be
grow and preserve the income youll
higher between quarterly anniversary
need tomorrow. Your income will be
dates and will not be locked in.
based on the greatest of:
Current contract value
Quarterly anniversary value
5% annual increase
Enhanced 10-year value
These values will be adjusted
for withdrawals.

This hypothetical illustration is provided to show how the quarterly anniversary value locks in as a part of your Benefit Base.
It does not predict or project the actual performance of Allianz Vision Variable Annuity or its investment options.

Example: Quarterly anniversary value

$200,000
purchase
payment

Contract value
Quarterly lock-in

1 Year
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 Allianz VisionSM Variable Annuity

5% annual increase Enhanced 10-year value

Regardless of how your contract If you hold the contract for 10
value performs, your Benefit Base years, the Enhanced 10-year value
(purchase payments or contract will be equal to twice your
anniversary value if added later) will purchase payments.
automatically increase 5% annually.
This will occur until the oldest covered
person is 91 years old, your Benefit
Base reaches the Enhanced 10-year
value, or you elect to take income from
your Benefit Base.

This hypothetical illustration is provided to show how the 5% annual increase and the Enhanced 10-year value in the Lifetime Plus
Benefit impacts the Benefit Base, with an initial purchase payment. The hypothetical illustration does not depict any return or future
performance of the investment options available in the Allianz Vision Variable Annuity. The 5% annual increase compounds annually,
and on the 10th contract anniversary, would have equaled $325,779. However, at this time it increases to equal the Enhanced
10-year value of $400,000 which is twice the initial purchase payment.

Example: 5% annual increase and Enhanced 10-year value

$400,000
Enhanced
$400,000 $310,266 10-year
$295,491
$281,420 value
$255,256 $268,019
$243,102
$220,500 $231,525
$210,000
$200,000
$200,000
purchase
payment 5% annual increase

Enhanced 10-year value

Years 0 1 2 3 4 5 6 7 8 9 10
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Allianz VisionSM Variable Annuity

Optional manual reset

Every contract anniversary, you have NOTE: Even with the optional manual
the opportunity to reset your 5% resets, you can start income at any
annual increase value, prior to the time on the highest Benefit Base,
oldest covered persons age 81. which could be the current contract
The 5% annual increase will be value, a quarterly anniversary value,
based on the contract anniversary or the 5% annual increase value.
value instead of your original purchase
If you request a manual reset of the
payment amount and will result in
5% annual increase and Enhanced
a new Enhanced 10-year value by
10-year value, the additional charge
doubling 10 years from the reset
may increase or decrease as of the
date. The optional manual reset
contract anniversary. You will be
does not restart the withdrawal
notified and have the option
charge schedule.
to accept or waive the higher
Keep in mind that any optional additional charge.
manual reset within those
10 years will also restart the
Enhanced 10-year value.

This hypothetical illustration is provided to show how a manual reset impacts the Benefit Base. It does not predict or project the actual
performance of Allianz Vision Variable Annuity or its investment options. The example below reflects a gross aggregate investment
option return of 10.87% in the first three years. All values reflect the net rate of return of 7.72% which takes into consideration the
maximum mortality and expense risk charges of 1.40% for the Base contract, 0.70% for the Lifetime Plus Benefit with single life,
and a portfolio fee of 1.05%.

Example: Optional manual reset

$500,000
Enhanced
$387,832 10-year
$369,364 value
Optional manual reset $351,775
$335,024
$250,000 $319,070
$303,877
$289,405
$250,000 $262,000 $275,625
$250,000
$199,000
$208,000 $220,500 5% annual increase
$200,000
$210,000 before reset
$200,000
5% annual increase
purchase
No reset would occur after reset
payment $181,689
Enhanced 10-year value
Contract value at 10.87%
Contract value at 0%

Years 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14
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 Allianz VisionSM Variable Annuity

Decumulation
Income from the optional Lifetime Plus Benefit
Starting income payments Your age will determine your initial
You can start income at any time. Lifetime Plus payment.
When you elect to start Lifetime Plus
Age of covered person Initial benefit payment as a
payments, your first payment will
(or younger spouse for joint percentage of the Benefit
be based on your age and purchase life payments) on the day Base on the day the benefit
payment if you start income the benefit is exercised. is exercised.
immediately. If you wait, your income
will be based on the Benefit Base, 50-59 4%
which is the greatest of: 60-69 5%
70-79 6%
Current contract value 80-90 7%
Quarterly anniversary value
5% annual increase As you enter another age band,
Enhanced 10-year value you will receive a higher Lifetime Plus
payment if, on the benefit anniversary,
Lifetime Plus payments the new higher percentage of contract
value results in a higher payment than
Depending on the option you chose:
your current payment.
Single Lifetime Plus payments
If Lifetime Plus payments begin prior
provides guaranteed payments
to age 591/2, they do not qualify for
for your entire life.
a 72(t) or 72(q) exception, and
Joint Lifetime Plus payments
therefore will be subject to a
provides guaranteed payments for
10% federal tax penalty.
the entire life of you and your spouse.
Once you exercise Lifetime Plus
Payments will continue for life and
payments, no additional purchase
will not decrease unless you take excess
payments are allowed. The 5% annual
withdrawals. Taking excess withdrawals
increase, quarterly anniversary values,
may be subject to a withdrawal charge
and traditional death benefit stop
and may cause Lifetime Plus payments
increasing. If elected, the quarterly
to decrease or stop, and your Lifetime
value death benefit continues to lock
Plus Benefit to terminate. Withdrawals
in gains. The day that you start
will reduce the contract value and the
Lifetime Plus payments is your benefit
value of any living or death benefits.
date, which may be different than
Withdrawals are taxed as ordinary
your contract anniversary. The benefit
income, and if taken prior to age 59 1/2,
anniversary is used to determine
a 10% federal tax penalty. Withdrawals,
potential increases in your Lifetime
for tax purposes, are deemed to
Plus payments.
be gains first. Upon death, your
beneficiaries will receive the contract
value or any value remaining under
the death benefit option chosen.

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 Allianz VisionSM Variable Annuity

The plus in the Lifetime Plus payment

Annual payment increase

Allianz Vision has a way to help
protect your payments from market
downturns with the potential to lock
in higher payments when your
contract value increases.
While youre taking income, each
benefit anniversary we compare the
contract value to the contract value of
the previous anniversary. If the current
contract value is higher, your Lifetime
Plus payment increases by the same
percentage as the increase between
the two contract values. That is the
plus in the Lifetime Plus payment.
If your current contract value
decreases, your payment will
not decrease.
After every five years of Lifetime Plus
payments, if the additional charge of
the benefit has changed and if there
has been at least one payment
increase, your additional charge
may be different for the Lifetime
Plus Benefit. If the additional charge
increases, you will be notified and
will have the option to accept
or waive the higher mortality and
expense risk charge and continue to
receive level Lifetime Plus payments.

Even if your contract value declines,

your Lifetime Plus payments are protected
This hypothetical illustration is provided to show the effect a declining contract value can have on Lifetime Plus payments.
It does not predict or project the actual performance of Allianz Vision Variable Annuity or its investment options. Lifetime Plus
payment begins immediately and are based on $200,000 (purchase payment/Benefit Base) and a 5% payout. The example below
reflects a gross aggregate investment option return of 0% in the first five years. All values reflect the net rate of return of -3.15%
which takes into consideration the maximum mortality and expense risk charges of 1.40% for the Base contract, 0.70% for the
Lifetime Plus Benefit with single life, and a portfolio fee of 1.05%.

Annual payment increase down market:

$250,000

$10,000 $10,000 $10,000 $10,000 $10,000 $10,000 Payments

Lifetime Plus Lifetime Plus
$10,000 Lifetime Plus
$10,000 Lifetime Plus
$10,000 Lifetime Plus
$10,000 Lifetime Plus continue
payment payment payment payment payment payment for life
$200,000 Contract value Contract value Contract value Contract value

Benefit
Base

$150,000

Lifetime Plus payment

$100,000 Contract value at 0%
Benefit anniversary

$0
Years 0 1 2 3 4 5
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 Allianz VisionSM Variable Annuity

When your contract value fluctuates, your Lifetime Plus

payments have an opportunity to increase
This hypothetical illustration is provided to show how fluctuations in contract value impact Lifetime Plus payments. It does not
predict or project the actual performance of Allianz Vision Variable Annuity or its investment options. Lifetime Plus payment begins
immediately and are based on $200,000 (purchase payment/Benefit Base) and a 5% payout. The example below reflects a gross
aggregate investment option return of 8.14% in the first five years. All values reflect the net rate of return of 4.99% which takes into
consideration the maximum mortality and expense risk charges of 1.40% for the Base contract, 0.70% for the Lifetime Plus Benefit
with single life, and a portfolio fee of 1.05%.

Annual payment increase fluctuating market: $12,742 Payments

Lifetime Plus continue
$11,246 $11,246 payment for life
$250,000 Lifetime Plus Lifetime Plus
$10,570 payment payment
$10,000 $10,000 Lifetime Plus
Lifetime Plus Lifetime Plus payment
payment payment
$200,000 C
E
Purchase
payment
B
A
$150,000 D

Lifetime Plus payment

$100,000 Contract value
Benefit anniversary
Contract value increased

$0
Years 0 1 2 3 4 5

A Contract value declines your payment remains the same.

B Contract value increases, for example by 5.7%, your Lifetime Plus payment increases by
that same percent. Note: Your Lifetime Plus payment will increase if your contract value
increases from the previous year regardless if your contract value is still below your original
purchase payment/Benefit Base.

C Again, your contract value increases from the previous year, in this example by 6.4%.
Therefore, your Lifetime Plus payment increases by that same percentage.

D Your contract value decreases from the previous year, however your Lifetime Plus payments
will remain the same.

E Again, your contract value has increased from the previous year in this example by 13.3%,
so your Lifetime Plus payment will receive an increase by that same percentage regardless
if your contract value is still below your original purchase payment.

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Allianz VisionSM Variable Annuity

Lifetime Plus Benefit profile

Optional benefit available with Allianz Vision Variable Annuity

Issue age 0-80

Current Maximum
charge at issue charge after issue*
Additional Single Lifetime Plus payment additional charge. 0.70% 1.50%
mortality and Joint Lifetime Plus payment additional charge (payments 0.85% 1.65%
guaranteed for the entire life of you and your spouse).
expense
risk charge * The charge may decrease or increase up to the maximum charge if you add the Lifetime Plus Benefit
after issue, you request an optional manual reset, or after every fifth benefit anniversary you have
received at least one payment increase to your Lifetime Plus payments.

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

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 quarterly anniversary dates and will not be locked in.
5% annual increase: The purchase payments are guaranteed to
compound by 5% annually until it reaches the Enhanced 10-year value.
Accumulation Enhanced 10-year value: If you do not exercise the Lifetime Plus payments for
10 years, this value will equal twice your purchase payments.
Optional manual reset: On any anniversary you have the option to reset the
5% annual increase and the Enhanced 10-year value, prior to the oldest covered persons age 81.

The reset value will begin receiving the 5% annual increase and quarterly anniversary
values will continue to be locked in. The reset value will double 10 years from the reset
date, giving you a new Enhanced 10-year value.

Establishing a new Enhanced 10-year value WILL eliminate any previous Enhanced 10-year value.

Lifetime Plus payments can be chosen at any time. If you select single Lifetime Plus payment, they are
guaranteed for your life, or if you select joint Lifetime Plus payment, for the entire life of you and your
spouse. Your initial Lifetime Plus payment will be based on your Benefit Base, multiplied by the
percentage in your age band based on the youngest covered person.

As you age, your payments may increase.

Age Payment %
50-59 4%
Decumulation 60-69 5%
70-79 6%
80-90 7%
Annual payment increase:
Every year, prior to the oldest covered person attaining age 91, 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 previous 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.

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Notes:
www.allianzlife.com

Allianz Vision Variable Annuity

is distributed by:

Allianz Life Financial Services, LLC

5701 Golden Hills Drive
Minneapolis, MN 55416-1297
800.624.0197
Policy L40529, L40530
Member FINRA 1 (10/2007)