New Allianz Life Annuity Offers Added Flexibility in Income Benefits

Index Advantage+ Select Income™ builds on the history of RILA innovation at Allianz.

MINNEAPOLIS--(BUSINESS WIRE)--Allianz Life Insurance Company of North America (Allianz Life) announced today that it is launching a new registered index-linked annuity (RILA) that offers flexibility in its lifetime income benefits.

Index Advantage+ Select Income^TM Annuity builds on the history of RILA innovation at Allianz Life to help address the consumer need for flexibility and a desire for financial strategies to match varying lifestyle goals in retirement.

“This product reimagines what it means to have a strong foundation for income in retirement,” says Corey Walther, president of Allianz Life Financial Services, LLC. “Retirement goals are dynamic -- you may retire earlier than planned or want to be more aggressive with your assets than anticipated to ensure your money lasts your lifetime. We have built this annuity to offer the freedom to adapt income strategies as life changes to help stay on track toward a successful retirement.”

Index Advantage+ Select Income^TM and the automatically included Income Benefit rider II¹ allows for clients to activate income anytime through the Dynamic Income option, and reallocate among all 1-year term index options after starting income. This flexibility means that contractholders can start their lifetime income stream anytime after reaching age 50 and satisfying the 1-index year income payment waiting period².

Income strategies are also dynamic over time to respond to changes in risk tolerance and financial goals. Index Advantage+ Select Income^TM Annuity can help meet financial needs with allocation options for aggressive, moderate, or conservative risk profiles in retirement. This allows for the enhanced ability to align income potential with risk tolerance, even after starting income.

These features help address consumer concerns about continued market participation in retirement to achieve financial goals. Nearly two in three Americans (64%) said they’re worried that if they’re too conservative with their investments after retirement, they won’t have enough money to last their lifetime in the Q4 2025 Quarterly Market Perceptions study from the Allianz Center for the Future of Retirement, part of Allianz Life. Even more (75%) said they are interested in a retirement product that allows them to adjust their investment risk level after starting income, with the goal of potentially increasing their income.

* Allianz Center for the Future of Retirement conducted an online survey, the Q4 2025 Quarterly Market Perceptions Study in November 2025 with a nationally representative sample of 1,005 respondents age 18+ in the contiguous U.S.

The Allianz Center for the Future of Retirement produces insights and research as a part of Allianz Life Insurance Company of North America.

1 The Income Benefit rider fee is 0.70% accrued daily and deducted on each quarterly contract anniversary, calculated as a percentage of the Charge Base, which is the contract value on the preceding quarterly contract anniversary, adjusted for subsequent purchase payments and withdrawals.

2 Income Benefit Date cannot begin within 14 calendar days before an Index Anniversary.

Registered index-linked annuities (RILAs) provide indexed return potential with the opportunity for varying levels of protection through multiple index options available prior to receiving annuity payments, tax-deferred growth potential, a variety of annuity options, and a death benefit during the accumulation phase.

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

For more complete information about Allianz® registered index-linked annuities (RILAs) and any available variable option(s), 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 RILA, index options, and any available variable option(s), which you should carefully consider. Please read the prospectuses thoroughly before sending money.

Guarantees are backed solely by the financial strength and claims-paying ability of the issuing insurance company and do not apply to the performance of the variable subaccount(s), 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 (L40538-01) This content does not apply in the state of New York.

Product and feature availability may vary by state and broker/dealer.

About Allianz Life Insurance Company of North America

Allianz Life Insurance Company of North America (Allianz Life), one of the Ethisphere World’s Most Ethical Companies®, has been trusted since 1896 to help millions of Americans prepare for financial uncertainties and retirement with a variety of innovative risk management solutions. In 2024, Allianz Life provided additional value to its policyholders via distributions of more than $18.6 billion. Allianz Life is a leading provider of fixed index annuities, registered index-linked annuities, and indexed universal life insurance. Additionally, Allianz Investment Management LLC (AllianzIM), a registered investment adviser and wholly owned subsidiary of Allianz Life, offers a suite of exchange-traded funds (ETFs). Allianz Life and AllianzIM are part of Allianz SE, a global leader in the financial services industry with more than 157,000 employees in nearly 70 countries. Allianz Life is a proud sponsor of Allianz Field® in St. Paul, Minnesota, home of Major League Soccer’s Minnesota United.