| 485APOS                                                                                                               | File Nos. 333-185866                                                                                           |
|-----------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------|
| Allianz Index Advantage                                                                                               | 811-05618                                                                                                      |
|                                                                                                                  | Class ID: C000124821                                                                                           |
|                                                                                                                  | UNITED STATES                                                                                                  |   |
|                                                                                                                  | SECURITIES AND EXCHANGE COMMISSION                                                                             |   |
|                                                                                                                  | WASHINGTON, D.C. 20549                                                                                         |   |
|                                                                                                                  | FORM N-4                                                                                                       |   |
|                                                                                                                  |                                                                                                           |   |
| REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933                                                               |                                                                                                           |
| Pre-Effective Amendment No.                                                                                           |                                                                                                           |   |   |
| Post-Effective Amendment No.                                                                                          | 5                                                                                                              |   | X |
| and/or                                                                                                                |                                                                                                           |
| REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940                                                       |                                                                                                           |
| Amendment No.                                                                                                         | 421                                                                                                            |   | X |
|                                                                                                                  |
| (Check appropriate box or boxes.)                                                                                     |
| ALLIANZ LIFE VARIABLE ACCOUNT B                                                                                       |
| (Exact Name of Registrant)                                                                                            |
|                                                                                                                  |
| ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA                                                                       |
| (Name of Depositor)                                                                                                   |
|                                                                                                                  |
| 5701 Golden Hills Drive, Minneapolis, MN 55416-1297                                                                   |
| (Address of Depositor's Principal Executive Offices) (Zip Code)                                                       |
|                                                                                                                  |
| (763) 765-2913                                                                                                        |
| (Depositor's Telephone Number, including Area Code)                                                                   |
|                                                                                                                  |
| Stewart D. Gregg, Senior Securities Counsel                                                                           |
| Allianz Life Insurance Company of North America                                                                       |
| 5701 Golden Hills Drive                                                                                               |
| Minneapolis, MN 55416-1297                                                                                            |
| (Name and Address of Agent for Service)                                                                               |
|                                                                                                                  |
| It is proposed that this filing will become effective (check the appropriate box):                                    |
|                                                                                                                  | immediately upon filing pursuant to paragraph (b) of Rule 485                                                  |
|                                                                                                                  | on (date) pursuant to paragraph (b) of Rule 485                                                                |
| x                                                                                                                     | 60 days after filing pursuant to paragraph (a)(1) of Rule 485                                                  |
|                                                                                                                  | on (date) pursuant to paragraph (a)(1) of Rule 485                                                             |
| If appropriate, check the following:                                                                                  |
|                                                                                                                  | this post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
| Approximate Date of the Proposed Public Offering: April 27, 2015                                                      |
| Titles of Securities Being Registered: Individual Flexible Purchase Payment Variable Deferred Annuity Contracts  |

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|   | PART A – PROSPECTUS |
|--------|---------------------------|

| Variable Options Currently Available     |
|------------------------------------------|
| AZL® MVP Growth Index Strategy Fund | AZL® MVP Balanced Index Strategy Fund | AZL® Money Market Fund |

| Crediting Methods                                   |         | Indices Currently Available                                                                       |
|-----------------------------------------------------|--------------|---------------------------------------------------------------------------------------------------|
| Index Protection Strategy                           | with…. | S&P 500® Index                                                                           |
| Index Performance Strategy and Index Guard Strategy | with…. | S&P 500® Index, Russell 2000® Index, Nasdaq-100® Index and EURO STOXX 50® |

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|   | TABLE OF CONTENTS |
|--------|-------------------|

| Glossary                                             | 4      | 4. Purchasing the Contract                         | 27     |
|------------------------------------------------------|--------|----------------------------------------------------|--------|
| Summary                                              | 9      | Purchase Requirements                              | 27     |
| Who Should Consider Purchasing the Contract?         | 9      | Applications Sent Electronically                   | 27     |
| What Are the Contract’s Charges?               | 10     | Allocation of Purchase Payments and Transfers      |   |
| What Are the Contract’s Benefits?              | 10     | Between the Allocation Options                     | 28     |
| What Are the Index-Linked Crediting Methods and      |   | Automatic Investment Plan (AIP)                    | 29     |
| How Do They Work?                                    | 10     | Free Look/Right-to-Examine Period                  | 29     |
| How Can I Allocate My Purchase Payments?             | 13     | 5. Variable Options                                | 30     |
| What Are the Different Values Within the Contract?   | 13     | Substitution of Variable Options and Limitation on |   |
| How Do We Apply Credits to the Index Options?        | 14     | Further Investments                                | 31     |
| How Do the Caps, Buffers and Floors Affect My        |   | Transfers Between Variable Options                 | 31     |
| Contract’s Potential Growth?                   | 14     | Electronic Transfer and                            |   |
| Can My Contract Lose Value Because of Negative       |   | Allocation Instructions                            | 32     |
| Changes in an Index’s Value?                   | 14     | Excessive Trading and Market Timing                | 32     |
| Can I Transfer Index Option Value Between the        |   | Financial Adviser Fees                             | 34     |
| Allocation Options?                                  | 15     | Voting Privileges                                  | 34     |
| How Can I Take Money Out of My Contract?             | 15     | 6. Valuing Your Contract                           | 35     |
| What Are My Annuity Options?                         | 15     | Accumulation Units                                 | 35     |
|                                                 |   | Computing Variable Account Value                   | 35     |
| Does the Contract Provide a Death Benefit?           | 15     | 7. Index Options                                   | 36     |
| What If I Need Customer Service?                     | 15     | Determining Index Option Value  for the  |   |
| Fee Tables                                           | 16     | Index Protection Strategy                          | 37     |
| Owner Transaction Expenses                           | 16     | Determining Index Option Values for the Index      |   |
| Owner Periodic Expenses                              | 16     | Performance Strategy and Index Guard Strategy      | 38     |
| Annual Operating Expenses of the Variable Options    | 17     | The Alternate Minimum Value                        | 40     |
| Examples                                             | 18     | Optional Rebalancing Program                       | 41     |
| Condensed Financial Information                      | 18     | 8. Expenses                                        | 41     |
| 1. Risk Factors                                      | 19     | Product Fee                                        | 41     |
| Liquidity Risk                                       | 19     | Contract Maintenance Charge                        | 42     |
| Risk of Investing in Securities                      | 19     | Withdrawal Charge                                  | 42     |
| Risk of Negative Returns                             | 20     | Transfer Fee                                       | 44     |
| Calculation of Credits                               | 20     | Premium Tax                                        | 44     |
| Substitution of an Index                             | 21     | Income Tax                                         | 44     |
| Changes to Caps, Declared Protection Strategy Credit |   | Variable Option Expenses                           | 44     |
| (DPSC), and Notice of Buffers and Floors             | 21     | 9. Access to Your Money                            | 45     |
| Investment in Derivative Securities                  | 22     | Free Withdrawal Privilege                          | 46     |
| Variable Option Risk                                 | 22     | Systematic Withdrawal Program                      | 46     |
| Our Financial Strength and Claims-Paying Ability     | 22     | Minimum Distribution Program and Required Minimum  |   |
| Regulatory Protections                               | 23     | Distribution (RMD) Payments                        | 46     |
| 2. The Variable Annuity Contract                     | 23     | Waiver of Withdrawal Charge Benefit                | 47     |
| State Specific Contract Restrictions                 | 24     | Suspension of Payments or Transfers                | 47     |
| When The Contract Ends                               | 24     | 10. The Annuity Phase                              | 47     |
| 3. Ownership, Annuitants, Determining Life,          |   | Calculating Your Annuity Payments                  | 47     |
| Beneficiaries, and Payees                            | 24     | Annuity Payment Options                            | 48     |
| Owner                                                | 24     | When Annuity Payments Begin                        | 48     |
| Joint Owner                                          | 24     | 11. Death Benefit                                  | 49     |
| Annuitant                                            | 25     | Death of the Owner and/or Annuitant                | 50     |
| Determining Life (Lives)                             | 25     | Death Benefit Payment Options During the           |   |
| Beneficiary                                          | 26     | Accumulation Phase                                 | 50     |
| Payee                                                | 26     |                                               |   |
| Assignment, Changes of Ownership and                 |   |                                               |   |
| Other Transfers of Contract Rights                   | 26     |                                               |   |
|                                                 |   |                                               |   |
|                                                 |   |                                               |   |

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| 12. Taxes                                         | 51     | 16. Privacy and Security Statement                      | 90     |
|---------------------------------------------------|--------|---------------------------------------------------------|--------|
| Qualified and Non-Qualified Contracts             | 51     | 17. Table of Contents of the Statement of Additional    |   |
| Taxation of Annuity Contracts                     | 51     | Information (SAI)                                       | 91     |
| Tax-Free Section 1035 Exchanges                   | 52     | Appendix A – Buffers and Initial and Renewal      |   |
| 13. Other Information                             | 53     | DPSCs and Caps                                          | 92     |
| The Registered Separate Account                   | 53     | Index Protection Strategy                               | 92     |
| Our General Account                               | 53     | Index Performance Strategy                              | 92     |
| Our Unregistered Separate Account                 | 53     | Appendix B – Available Indices                    | 93     |
| Distribution                                      | 54     | Standard & Poor’s 500 Index                   | 93     |
| Additional Credits for Certain Groups             | 55     | Russell 2000® Index                                | 94     |
| Administration/Allianz Service Center             | 55     | Nasdaq-100® Index                                  | 94     |
| Legal Proceedings                                 | 56     | EURO STOXX 50®                                     | 95     |
| Status Pursuant to Securities Exhange Act of 1934 | 56     | Appendix C – Daily Adjustment                     | 96     |
| 14. Information on Allianz Life                   | 56     | Appendix D – Selected Financial Data and          |   |
| Directors, Executive Officers and Corporate       |   | Consolidated Financial Statements                       | 97     |
| Governance                                        | 56     | Management’s Discussion and Analysis of Financial |   |
| Executive Compensation                            | 61     | Condition and Results of Operations (For the            |   |
| Security Ownership of Certain Beneficial Owners   |   | 12 month period ending December 31, 2014)          | 97     |
| and Management                                    | 76     | Consolidated Financial Statements                       | 98     |
| Transactions with Related Persons, Promoters and  |   | For Service or More Information                         | 99     |
| Certain Control Persons                           | 76     | Our Service Center                                      | 99     |
| Risks Associated with the Financial Services      | 76     |                                                    |   |
| Industry                                          |   |                                                    |   |
| 15. Financial Statements                          | 89     |                                                    |   |
|                                              |   |                                                    |   |

|   | GLOSSARY |
|--------|----------|

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|   | SUMMARY |
|--------|---------|

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| · | The DPSC and Caps may be different for newly issued Contracts and for inforce Contracts, even if the Contracts have Index Effective Dates with the same month and day. The initial DPSC and Caps for newly issued Contracts may be higher or lower than the renewal DPSC and Caps for inforce Contracts. However, all inforce Contracts with Index Effective Dates in the same date range will receive the same renewal DPSC and Caps. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | For example, if on January 1, 2015 we declared initial and renewal Caps for the Index Performance Strategy Index Option using the S&P 500® Index for Contracts with Index Effective Dates of January 7 through February 3, these Caps might hypothetically be as follows: 13% for newly issued Contracts, 14% for inforce Contracts issued in 2014, and 12% for inforce Contracts issued in 2013. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | If your Contract is still within its Free Look/Right to Examine period you may be able to take advantage of any increase in initial DPSC or Caps for newly issued Contracts by cancelling your existing Contract and purchasing a new Contract. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| · | The Contract Value is the sum of your Variable Account Value and total Index Option Values. Contract Value does not include any currently applicable withdrawal charge, final product fee, or final contract maintenance charge that we assess on a full withdrawal or when you request Annuity Payments. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | The Variable Account Value is the sum of the values in your selected Variable Options. It includes the deduction of Variable Option operating expenses, and any previously assessed transfer fee, contract maintenance charge, product fee, and withdrawal charge. Your Variable Account Value changes daily based on the performance of your selected Variable Options. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | The total Index Option Value is the sum of the values in each of your selected Index Options. Each Index Option Value includes any Credits from previous Index Anniversaries and the deduction of any previously assessed contract maintenance charge, product fee, and withdrawal charge. On each Business Day during the Index Year other than the Index Effective Date or an Index Anniversary, we calculate the current Index Option Value for each Index Performance Strategy and Index Guard Strategy Index Option by applying a Daily Adjustment to the Index Option Base (which is the amount you allocate to an Index Option adjusted for withdrawals, Contract expenses, transfers into or out of the Index Option, and the application of any Performance Credits). We calculate the Daily Adjustment before we process any partial withdrawal or deduct any Contract expenses, and the adjustment can be positive or negative. Any amounts removed from an Index Performance Strategy or Index Guard Strategy Index Option during the Index Year do not receive a Performance Credit on the next Index Anniversary, but the amount remaining does receive a Performance Credit subject to the Cap and Buffer, or Cap and Floor. If you take a withdrawal, annuitize the Contract, transfer Contract Value out of Index Options, or if we pay a death benefit each Index Option Value for each Crediting Method also includes any increase from the Alternate Minimum Value, if higher. If we are determining the Alternate Minimum Value for an Index Performance Strategy or Index Guard Strategy Index Option Value on any day other than an Index Anniversary, we first calculate the Index Option Value and apply the Daily Adjustment, then compare this value to its associated Alternate Minimum Value and we pay the greater of these two amounts. If we are paying a partial withdrawal, we compare the percentage of Index Option Value with an equivalent percentage of its Alternate Minimum Value. We expect that an Alternate Minimum Value generally will not be greater than its Index Option Value. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| · | Amounts removed from the Index Options during the Index Year for partial withdrawals and Contract expenses receive the Daily Adjustment, but do not receive a Credit on the next Index Anniversary. However, the remaining amount is eligible for a Credit, subject to the Cap and Buffer for the Index Performance Strategy Index Options, or the Cap and Floor for the Index Guard Strategy Index Options. Contract expenses include the product fee, the contract maintenance charge and any applicable withdrawal charge. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | If you take a partial withdrawal from an Index Performance Strategy or Index Guard Strategy Index Option on any day other than an Index Anniversary, we first calculate the Index Option Value and apply the Daily Adjustment, then compare the percentage of Index Option Value withdrawn to an equivalent percentage of its Alternate Minimum Value and pay you the greater of these two amounts. |
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|   | FEE TABLES |
|--------|------------|

| Number of Complete Years Since Purchase Payment | Withdrawal Charge Amount(3) |
|-------------------------------------------------|-----------------------------|
| 0                                               | 8.5%                        |
| 1                                               | 8%                          |
| 2                                               | 7%                          |
| 3                                               | 6%                          |
| 4                                               | 5%                          |
| 5                                               | 4%                          |
| 6 years or more                                 | 0%                          |

| Transfer Fee(4)…………………………………....... ……………………………   | $25    |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (for each transfer between Variable Options after twelve in a Contract Year)                                                                                                                      |   |
| Premium Tax(5)…………………………………... ……………………………… | 3.5%   |
| (as a percentage of each Purchase Payment)                                                                                                                                                        |   |

| Contract Maintenance Charge(6)……………………………………………….. | $50    |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (per Contract per year)                                                                                                                                        |   |

| (1) | The Contract provides a free withdrawal privilege that allows you to withdraw 10% of your total Purchase Payments annually without incurring a withdrawal charge, as discussed in section 9, Access to Your Money – Free Withdrawal Privilege. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | The Withdrawal Charge Basis is the amount subject to a withdrawal charge, as discussed in section 8, Expenses – Withdrawal Charge. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | In Florida, the total withdrawal charge on a partial or full withdrawal cannot be greater than 10% of the Contract Value withdrawn. In Iowa and Pennsylvania the withdrawal charge is 8.25%, 8%, 7%, 6%, 5%, 4% and 0% for the time periods referenced. In Mississippi the withdrawal charge is 8.5%, 7.5%, 6.5%, 5.5%, 5%, 4% and 0% for the time periods referenced. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | We count all transfers made in the same Business Day as one transfer, as discussed in section 8, Expenses – Transfer Fee. The transfer fee does not apply to transfers to or from the Index Options and these transfers do not count against your free transfers. Transfers are subject to the market timing policies discussed in section 5, Variable Options – Excessive Trading and Market Timing. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Not currently deducted, but we reserve the right to do so in the future. This is the maximum charge we could deduct if we exercise this right, as discussed in section 8, Expenses – Premium Tax. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Waived if the Contract Value is at least $100,000, as discussed in section 8, Expenses – Contract Maintenance Charge. |
|-----|-----------------------------------------------------------------------------------------------------------------------------|

| Product Fee(7)…………………………………....... | 1.25%  |
|------------------------------------------------------------------------------------------------------------------|--------|
| (as a percentage of the Charge Base)                                                                             |   |

| (7) | We do not assess the product fee during the Annuity Phase. See section 8, Expenses – Product Fee. |
|-----|---------------------------------------------------------------------------------------------------------|

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|                                                                                                                                                                    | Minimum               | Maximum               |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------|-----------------------|
| Total annual Variable Option operating expenses(including management fees, distribution or 12b-1 fees, and other expenses)before fee waivers and expense reimbursements | [   ]% | [   ]% |

| Variable Option                         | Management fees      | Rule 12b-1 fees      | Other expenses       | Acquired fund fees and expenses | Total annual fund operating expenses before fee waivers and/or expense reimbursements |   |
|-----------------------------------------|----------------------|----------------------|----------------------|---------------------------------|---------------------------------------------------------------------------------------|--------|
| BLACKROCK                               |                 |
| AZL Money Market Fund                   | [   ] | [   ] | [   ] | [   ]            | [   ]                                                                  |   |
| ALLIANZ FUND OF FUNDS                   |
| AZL MVP Balanced Index Strategy Fund(1) | [   ] | [   ] | [   ] | [   ]            | [   ]                                                                  |
| AZL MVP Growth Index Strategy Fund(1)   | [   ] | [   ] | [   ] | [   ]            | [   ]                                                                  |

| (1) | The underlying funds may pay 12b-1 fees to the distributor of the Contracts for distribution and/or administrative services. The underlying funds do not pay service fees or 12b-1 fees to the Allianz Fund of Funds and the Allianz Fund of Funds do not pay service fees or 12b-1 fees. The underlying funds of the Allianz Fund of Funds may pay service fees to the insurance companies issuing variable contracts, or their affiliates, for providing customer service and other administrative services to contract purchasers. The amount of such service fees may vary depending on the underlying fund. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | 1) | If you surrender your Contract (take a full withdrawal) at the end of each time period. |
|--------|----|-----------------------------------------------------------------------------------------|

| Total annual Variable Option operating expensesbefore any fee waivers or expense reimbursements of: | 1 Year                            | 3 Years                           | 5 Years                           | 10 Years                          |
|-----------------------------------------------------------------------------------------------------|-----------------------------------|-----------------------------------|-----------------------------------|-----------------------------------|
| [    ]% (the maximum Variable Option operating expense)                         | $[     ] | $[     ] | $[     ] | $[     ] |
| [    ]% (the minimum Variable Option operating expense)                         | $[     ] | $[     ] | $[     ] | $[     ] |

|   | 2) | If you annuitize your Contract and begin Annuity Payments at the end of each time period. The earliest available Annuity Date (the date Annuity Payments begin) is one year after the Issue Date (the date we issue the Contract). |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Total annual Variable Option operating expensesbefore any fee waivers or expense reimbursements of: | 1 Year | 3 Years                           | 5 Years                           | 10 Years                          |
|-----------------------------------------------------------------------------------------------------|--------|-----------------------------------|-----------------------------------|-----------------------------------|
| [    ]% (the maximum Variable Option operating expense)                         | -      | $[     ] | $[     ] | $[     ] |
| [    ]% (the minimum Variable Option operating expense)                         | -      | $[     ] | $[     ] | $[     ] |

|   | 3) | If you do not surrender your Contract. |
|--------|----|----------------------------------------|

| Total annual Variable Option operating expensesbefore any fee waivers or expense reimbursements of: | 1 Year                            | 3 Years                           | 5 Years                           | 10 Years                          |
|-----------------------------------------------------------------------------------------------------|-----------------------------------|-----------------------------------|-----------------------------------|-----------------------------------|
| [    ]% (the maximum Variable Option operating expense)                         | $[     ] | $[     ] | $[     ] | $[     ] |
| [    ]% (the minimum Variable Option operating expense)                         | $[     ] | $[     ] | $[     ] | $[     ] |

| Period or Year Ended                 | AUV at Beginning of Period | AUV at End of Period | Number of Accumulation Units Outstanding at End of Period |
|--------------------------------------|----------------------------|----------------------|-----------------------------------------------------------|
| AZL Money Market Fund                |
| 12/31/2013                           | NA                         | 12.754               | 346                                                       |
| 12/31/2014                           | 12.754                     |                 |                                                      |
| AZL MVP Balanced Index Strategy Fund |
| 12/31/2013                           | NA                         | 12.212               | 10                                                        |
| 12/31/2014                           | 12.212                     |                 |                                                      |
| AZL MVP Growth Index Strategy Fund   |
| 12/31/2013                           | NA                         | 13.412               | 7                                                         |
| 12/31/2014                           | 13.412                     |                 |                                                      |

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| 1. | RISK FACTORS |
|----|--------------|

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| · | the Index is discontinued, |
|--------|----------------------------|

| · | we are unable to use the Index because, for example, changes to an Index make it impractical or expensive to purchase derivative securities to hedge the Index, or we are not licensed to use the Index, or |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | the method of calculation of the Index values changes substantially, resulting in significantly different values and performance results. This could occur, for example, if an Index altered the types of securities tracked, or the weighting of different categories of securities. |
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| 2. | THE VARIABLE ANNUITY CONTRACT |
|----|-------------------------------|

| · | The Business Day before the Annuity Date. |
|--------|-------------------------------------------|

| · | The Business Day we process your request for a full withdrawal. |
|--------|-----------------------------------------------------------------|

| · | Upon the death of any Owner (or the Annuitant if the Contract is owned by a non-individual), the Business Day we first receive the documents we require before we pay any death claim (Valid Claim) from any one Beneficiary, unless the surviving spouse continues the Contract. If there are multiple Beneficiaries, the remaining Contract Value continues to fluctuate with the performance of the Allocation Options until the complete distribution of the death benefit. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| · | The withdrawal charge schedule. |
|--------|---------------------------------|

| · | Availability of Allocation Options, Annuity Options, endorsements, and/or riders. |
|--------|-----------------------------------------------------------------------------------|

| · | The DPSC, Caps, Buffers, and Floors under the Index Options. |
|--------|--------------------------------------------------------------|

| · | The insulation or non-insulation of the unregistered separate account that supports your Contract. |
|--------|----------------------------------------------------------------------------------------------------|

| · | Free look/Right to Examine provisions. |
|--------|----------------------------------------|

| · | Selection of certain Annuity Dates. |
|--------|-------------------------------------|

| · | Restrictions on your ability to make additional Purchase Payments. |
|--------|--------------------------------------------------------------------|

| · | Our ability to restrict transfer rights. |
|--------|------------------------------------------|

| · | all applicable phases of the Contract (Accumulation Phase and/or Annuity Phase) have ended, and/or |
|--------|----------------------------------------------------------------------------------------------------|

| · | if we received a Valid Claim, all applicable death benefit payments have been made. |
|--------|-------------------------------------------------------------------------------------|

| 3. | OWNERSHIP, ANNUITANTS, DETERMINING LIFE, BENEFICIARIES, AND PAYEES |
|----|--------------------------------------------------------------------|

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| UPON THE DEATH OF A SOLE OWNER                      |
|-----------------------------------------------------|
| Action if the Contract is in the Accumulation Phase | Action if the Contract is in the Annuity Phase |
| ·                                              | We pay a death benefit to the person you designate (the Beneficiary) unless the Beneficiary is the surviving spouse and continues the Contract. | · | The Beneficiary becomes the Payee. If we are still required to make Annuity Payments under the selected Annuity Option, the Beneficiary also becomes the new Owner. |
| ·                                              | If the deceased was not an Annuitant, Annuity Payments to the Payee continue. No death benefit is payable. |
| ·                                              | If the deceased Owner was the Determining Life and the surviving spouse Beneficiary continues the Contract, we increase the Contract Value to equal total Purchase Payments adjusted for withdrawals (if greater), the Traditional Death Benefit ends, the surviving spouse becomes the new Owner, and the Accumulation Phase continues. If the deceased Owner was not the Determining Life the Traditional Death Benefit is not available. | · | If the deceased was the only surviving Annuitant, Annuity Payments end or continue as follows.–Annuity Option 1  or 3, payments end.–Annuity Option 2 or 4, payments end when the guarantee period ends.–Annuity Option 5,  payments end and the Payee may receive a lump sum refund. |
| ·                                              | If the deceased was an Annuitant and there is a surviving joint Annuitant, Annuity Payments to the Payee continue during the lifetime of the surviving joint Annuitant. No death benefit is payable. |
| ·                                              | Upon the surviving spouse’s death, his or her Beneficiary(s) receives the Contract Value. |   |   |

| · | you remove a Joint Owner due to divorce we also remove that person as a Determining Life, or |
|--------|----------------------------------------------------------------------------------------------|

| · | you establish a jointly owned Non-Qualified Contract and change ownership to a Trust, we remove the prior Owner who is not the Annuitant as a Determining Life. |
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| · | An assignment does not change the Determining Life (Lives). |
|--------|-------------------------------------------------------------|

| · | We cannot restrict assignments for Contracts issued in California, Florida, New Jersey, Ohio, and Wisconsin. For Contracts issued in Connecticut, we can only restrict assignments to settlement companies and institutional investors as described in your Contract. The Traditional Death Benefit is only available on the death of a Determining Life. If you assign the Contract and the Determining Life (Lives) are no longer an Owner (or Annuitant if the Owner is a non-individual) the Traditional Death Benefit may not be available to your Beneficiary(s). |
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| 4. | PURCHASING THE CONTRACT |
|----|-------------------------|

| · | The minimum initial Purchase Payment due on the Issue Date is $10,000. |
|--------|------------------------------------------------------------------------|

| · | You can make additional Purchase Payments of $50 or more during the Accumulation Phase. |
|--------|-----------------------------------------------------------------------------------------|

| · | We do not accept additional Purchase Payments on or after the Annuity Date. |
|--------|-----------------------------------------------------------------------------|

| · | The maximum total Purchase Payments we accept without our prior approval is $1 million including amounts already invested in other Allianz Life variable annuities. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | For Contracts issued in Florida, New Jersey, and Maryland: We can only decline a Purchase Payment if it would cause total Purchase Payments to be more than $1 million, or if it would otherwise violate the Purchase Payment restrictions of your Contract (for example, we do not allow additional Purchase Payments on or after the Annuity Date). |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | For Contracts issued in Mississippi and Utah: We do not accept additional Purchase Payments on or after the first Contract Anniversary. |
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| · | your requested Index Effective Date would occur during this time, we change your Index Effective Date to the next Business Day after the free look period that is not the 29th, 30th or 31st of the month. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | you cancel your Contract during this time, we return the greater of Purchase Payments less withdrawals, or Contract Value. |
|--------|----------------------------------------------------------------------------------------------------------------------------|

| · | you do not cancel your Contract during this time, we re-allocate your money according to your future Purchase Payment allocation instructions after the free look period as follows: |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | – | if your instructions include the Variable Options, we re-allocate this portion of your money on the next Business Day after the free look period. |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------|

|   | – | if your instructions include the Index Options, we re-allocate this portion of your money on the Index Effective Date. |
|--------|---------|------------------------------------------------------------------------------------------------------------------------|

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| 5. | VARIABLE OPTIONS |
|----|------------------|

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|   | VARIABLE OPTIONS |
|--------|------------------|

| Investment Management CompanyandAdviser/Subadviser                   | Name of Variable Option              | Asset Category                                | Objective(s)                                                                              | Primary Investments(Normal market conditions)                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|----------------------------------------------------------------------|--------------------------------------|-----------------------------------------------|-------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ALLIANZ FUND OF FUNDS                                                |
| Managed by Allianz Investment Management LLC                         | AZL MVP Balanced Index Strategy Fund | A “Fund of Funds” Model Portfolio | Long-term capital appreciation with preservation of capital as an important consideration | Invests primarily (approximately 80% to 100%) in a combination of five underlying index funds (generally allocated 40% to 60% to underlying equity index funds and 40% to 60% to underlying bond index funds), combined with the MVP (Managed Volatility Portfolio) risk management process intended to adjust the risk of the portfolio based on quantitative indicators of market risk. May invest up to 20% of the Fund’s assets in a combination of derivative and fixed income instruments. |
|                                                                 | AZL MVP Growth Index Strategy Fund   | A “Fund of Funds” Model Portfolio | Long-term capital appreciation                                                            | Invests primarily (approximately 80% to 100%) in a combination of five underlying index funds (generally allocated 65% to 85% to underlying equity index funds and 15% to 35% to underlying bond index funds), combined with the MVP (Managed Volatility Portfolio) risk management process intended to adjust the risk of the portfolio based on quantitative indicators of market risk. May invest up to 20% of the Fund’s assets in a combination of derivative and fixed income instruments. |
| BLACKROCK                                                            |
| Managed by Allianz Investment Management LLC/BlackRock Advisors, LLC | AZL Money Market Fund                | Cash Equivalent                               | Current income consistent with stability of principal                                     | Invests in a broad range of short-term, high quality U.S. dollar-denominated money market instruments, including government, U.S. and foreign bank, commercial and other obligations. During extended periods of low interest rates, and due in part to contract fees and expenses, the yield of the AZL Money Market Fund may also become extremely low and possibly negative.                                                                                                                        |

| · | Your request for a transfer must clearly state the Variable Options involved and how much to transfer. |
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| · | Your right to make transfers is subject to the Excessive Trading and Market Timing policy discussed later in this section. |
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| · | Variable Account Value transfers between Variable Options do not change your future Purchase Payment allocation instructions. |
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| · | Dilution of the interests of long-term investors in a Variable Option, if market timers or others transfer into a Variable Option at prices that are below their true value, or transfer out at prices above their true value. |
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| · | An adverse effect on portfolio management, such as causing a Variable Option to maintain a higher level of cash or causing a Variable Option to liquidate investments prematurely. |
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| · | Increased brokerage and administrative expenses. |
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| · | Limit transfer frequency (for example, prohibit more than one transfer a week, or more than two a month, etc.). |
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| · | Restrict the transfer method (for example, requiring all transfers be sent by first-class U.S. mail and rescinding electronic transfer privileges). |
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| · | Require a minimum time period between each transfer into or out of the same Variable Option. Our current policy, which is subject to change without notice, prohibits “round trips” within 14 calendar days. We do not include transfers into and/or out of the AZL Money Market Fund when available in your Contract. Round trips are transfers into and back out of the same Variable Option, or transfers out of and back into the same Variable Option. |
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| · | Refuse transfer requests made on your behalf by an asset allocation and/or market timing service. |
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| · | Limit the dollar amount of any single Purchase Payment or transfer request to a Variable Option. |
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| · | Prohibit transfers into specific Variable Options. |
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| · | Impose other limitations or restrictions to the extent permitted by federal securities laws. |
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| · | Our monitoring will be 100% successful in detecting all potentially disruptive trading activity. |
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| · | Revoking electronic transfer privileges will successfully deter all potentially disruptive trading. |
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| · | You can provide voting instructions based on the dollar value of the Variable Option’s shares in your Contract’s subaccount. We calculate this value based on the number and value of accumulation units for your Contract on the record date. We count fractional units. |
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| · | You receive proxy materials and a voting instruction form. |
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| 6. | VALUING YOUR CONTRACT |
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| · | On Wednesday, we receive at our Service Center an additional Purchase Payment of $3,000 from you before the end of the Business Day. |
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| · | When the New York Stock Exchange closes on that Wednesday, we determine that the accumulation unit value is $13.25 for your selected Variable Option. |
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| 7. | INDEX OPTIONS |
|----|---------------|

| Crediting Methods                                   |         | Indices Currently Available                                                                       |
|-----------------------------------------------------|--------------|---------------------------------------------------------------------------------------------------|
| Index Protection Strategy                           | with…. | S&P 500® Index                                                                           |
| Index Performance Strategy and Index Guard Strategy | with…. | S&P 500® Index, Russell 2000® Index, Nasdaq-100® Index and EURO STOXX 50® |

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| · | the amount of your initial Purchase Payment you allocated to the Index Option if the Index Effective Date is the Issue Date, or |
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| · | the amount of Variable Account Value you allocated to the Index Option. |
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| · | We deduct partial withdrawals and Contract expenses from the Allocation Options proportionately based on the percentage of Contract Value in each Allocation Option. |
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| -   | The percentage is equal to the Index Protection Strategy Index Option Value divided by the Contract Value using values determined at the end of the Business Day before we process the withdrawal or deduct the Contract expense. |
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| · | However, if you specifically direct us to take a partial withdrawal from the Index Protection Strategy Index Option we reduce that Index Option Value by the dollar amount you specify, including any applicable withdrawal charge. |
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| · | We then set the Index Option Base equal to its Index Option Value. |
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| · | We multiply the Index Option Base by its DPSC and add this amount to the Index Option Base. |
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| · | Then we set the Index Option Value equal to the Index Option Base. |
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| · | Additional Purchase Payments received and allocated to this Index Option and transfers of Variable Account Value or Index Option Value into this Index Option increase these values by the dollar amount allocated to this Index Option. |
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| · | Transfers out of this Index Option reduce these values by the dollar amount removed from the Index Option. |
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| · | Partial withdrawals and Contract expenses reduce these values as on any other Business Day. |
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| · | the amount of your initial Purchase Payment you allocated to that Index Option if the Index Effective Date is the Issue Date, or |
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| · | the percentage of Variable Account Value you allocated to that Index Option. |
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| · | We deduct partial withdrawals and Contract expenses from the Allocation Options proportionately based on the percentage of Contract Value in each Allocation Option. |
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| -   | The percentage is equal to each Index Performance Strategy and Index Guard Strategy Index Option Value divided by the Contract Value using values determined at the end of the Business Day before we process the withdrawal or deduct the Contract expense. |
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| · | However, if you specifically direct us to take a partial withdrawal from an Index Performance Strategy or Index Guard Strategy Index Option we reduce that Index Option Value by the dollar amount you specify, including any applicable withdrawal charge. |
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| · | We then reduce each Index Option Base by the same percentage that the amount withdrawn reduced its associated Index Option Value. |
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| · | If the Index Return is positive, you receive a positive Performance Credit adjusted by the Cap. For example if the Cap is 8% and the Index Return is 10%, you receive an 8% Performance Credit. |
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| · | If the Index Return is zero, the Performance Credit is zero. |
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| · | If the Index Return is negative and you selected the Index Performance Strategy, we apply the Buffer and determine if you receive a negative Performance Credit. For example, if the Buffer is 10% and the Index Return is -8%, we apply a Performance Credit of zero to your Index Option Base. If instead the Index Return is -12%, we apply a -2% Performance Credit to your Index Option Base. |
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| · | If the Index Return is negative and you selected the Index Guard Strategy, we apply the Floor and determine the amount of the negative Performance Credit. For example, if the Floor is -10% and the Index Return is -8%, we apply a Performance Credit of -8% to your Index Option Base. If instead the Index Return is -12%, we apply a -10% Performance Credit to your Index Option Base. |
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| · | We multiply each Index Option Base by its Performance Credit and add this amount to its Index Option Base. |
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| · | Then we set each Index Option Value equal to its Index Option Base. |
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| · | Additional Purchase Payments received and allocated to this Index Option and transfers of Variable Account Value or Index Option Value into this Index Option increase these values by the dollar amount allocated to this Index Option. |
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| · | Transfers out of this Index Option reduce these values by the dollar amount removed from the Index Option. |
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| · | Partial withdrawals and Contract expenses reduce these values as on any other Business Day. |
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| 8. | EXPENSES |
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| · | We increase it by the amount of any additional Purchase Payments. |
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| · | We reduce it by the percentage of any Contract Value withdrawn. Withdrawals include all Contract expenses (withdrawal charge, product fee, contract maintenance charge, and transfer fee). |
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| · | If you withdraw the total Contract Value, we deduct the final product fee (the total of all daily product fees we calculated for the current Contract quarter) before processing the withdrawal. |
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| · | If you annuitize the Contract, we deduct the final product fee before calculating Annuity Payments. |
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| · | Upon the death of an Owner (or Annuitant if the Owner is a non-individual), we deduct the final product fee before calculating the death benefit if death benefit payment Option A or Annuity Payments under death benefit payment Option C is selected. |
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| · | During the Accumulation Phase, if the total Contract Value for all Index Advantage Contracts you own is at least $100,000 at the end of the last Business Day before the Contract Anniversary, or if the Contract Value for this single Index Advantage Contract is at least $100,000 on the Contract Anniversary. We determine the total Contract Value for all individually owned Index Advantage Contracts by using the Owner’s social security number, and for non-individually owned Index Advantage Contracts we use the Annuitant’s social security number. |
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| · | During the Annuity Phase if the Contract Value on the last Business Day before the Annuity Date is at least $100,000. |
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| · | When paying death benefits under death benefit payment options A, B, or C. |
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| 1. | First we withdraw from Purchase Payments that we have had for six or more complete years, which is your Contract’s withdrawal charge period). This withdrawal is not subject to a withdrawal charge and it reduces the Withdrawal Charge Basis. |
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| 2. | Then, if this is a partial withdrawal, we withdraw from the free withdrawal privilege (see section 9, Access to Your Money – Free Withdrawal Privilege). This withdrawal is not subject to a withdrawal charge and it does not reduce the Withdrawal Charge Basis. |
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| 3. | Next, on a FIFO basis, we withdraw from Purchase Payments within your Contract’s withdrawal charge period and assess a withdrawal charge. Withdrawing payments on a FIFO basis may help reduce the total withdrawal charge because the charge declines over time. We determine your total withdrawal charge by multiplying each payment by its applicable withdrawal charge percentage and then totaling the charges. This withdrawal reduces the Withdrawal Charge Basis. |
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| 4. | Finally we withdraw any Contract earnings. This withdrawal is not subject to a withdrawal charge and it does not reduce the Withdrawal Charge Basis. |
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| Number of Complete Years Since Purchase Payment | Withdrawal Charge Amount(1) |
|-------------------------------------------------|-----------------------------|
| 0                                               | 8.5%                        |
| 1                                               | 8%                          |
| 2                                               | 7%                          |
| 3                                               | 6%                          |
| 4                                               | 5%                          |
| 5                                               | 4%                          |
| 6 years or more                                 | 0%                          |

| (1) | In Iowa and Pennsylvania the withdrawal charge is 8.25%, 8%, 7%, 6%, 5%, 4% and 0% for the time periods referenced. In Mississippi the withdrawal charge is 8.5%, 7.5%, 6.5%, 5.5%, 5%, 4% and 0% for the time periods referenced. |
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| 1) | Purchase Payments beyond the withdrawal charge period. All payments are still within the withdrawal charge period, so this does not apply. |
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| 2) | Amounts available under the free withdrawal privilege. You did not take any other withdrawals this year, so you can withdraw up to 10% of your total payments (or $10,000) without incurring a withdrawal charge. |
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| 3) | Purchase Payments on a FIFO basis. The total amount we withdraw from the first Purchase Payment is $30,000, which is subject to a 7% withdrawal charge, and you receive $27,900. We determine this amount as follows: |
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|   | (amount withdrawn) x (1 – withdrawal charge) = the amount you receive, or: |
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|   | $30,000 x 0.93 = $27,900. |
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|   | Next we withdraw from the second Purchase Payment. So far, you received $37,900 ($10,000 under the free withdrawal privilege and $27,900 from the first Purchase Payment), so we withdraw $14,100 from the second Purchase Payment to equal the $52,000 you requested. The second Purchase Payment is subject to an 8% withdrawal charge. We calculate the total amount withdrawn and its withdrawal charge as follows: |
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|   | (the amount you receive) ÷ (1 – withdrawal charge) = amount withdrawn, or: |
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|   | $14,100 ÷ 0.92 = $15,326. |
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| 4) | Contract earnings. We already withdrew your requested amount, so this does not apply. |
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| · | Because we do not reduce the Withdrawal Charge Basis for penalty-free withdrawals or the deduction of Contract expenses other than the withdrawal charge, we may assess a withdrawal charge on more than the amount you are withdrawing upon a full withdrawal of the total Contract Value. Also, upon full withdrawal, if the Contract Value has declined due to poor performance, the withdrawal charge may be greater than the total Contract Value and you will not receive any money. |
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| · | Withdrawals may have tax consequences and, if taken before age 59½, may be subject to a 10% additional federal tax. For tax purposes in most instances, withdrawals from Non-Qualified Contracts are considered to come from earnings first, not Purchase Payments. |
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| · | For Contracts issued in Florida: The withdrawal charge cannot exceed 10% of the Contract Value withdrawn. |
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| 9. | ACCESS TO YOUR MONEY |
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| · | by withdrawing your Contract Value; |
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| · | by taking required minimum distributions (Qualified Contracts only) as discussed in “Minimum Distribution Program and Required Minimum Distribution (RMD) Payments” later in this section; |
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| · | by taking Annuity Payments; or |
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| · | when we pay a death benefit. |
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| * | Does not apply to required minimum distributions. |
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| · | total Contract Value, |
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| · | less any final product fee and final contract maintenance charge, |
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| · | less any withdrawal charge, and |
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| · | plus any increase from the application of the Alternate Minimum Value if you selected an Index Option. |
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|   | NOTE: |
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| · | Ordinary income taxes and tax penalties may apply to any withdrawal you take. |
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| · | We may be required to provide information about you or your Contract to government regulators. We may also be required to stop Contract disbursements and thereby refuse any transfer requests, and refuse to pay any withdrawals, surrenders, or death benefits until we receive instructions from the appropriate regulator. If, pursuant to SEC rules, the AZL Money Market Fund suspends payment of redemption proceeds in connection with a fund liquidation, we will delay payment of any transfer, partial withdrawal, surrender, or death benefit from the AZL Money Market Fund subaccount until the fund is liquidated. |
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| · | For Contracts issued in Montana: If you take a partial withdrawal that reduces the Contract Value below $2,000, we contact you by phone and give you the option of modifying your withdrawal request. If we cannot reach you, we process your request as a full withdrawal. |
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| · | For Contracts issued in Texas: We only treat a partial withdrawal that reduces the Contract Value below $2,000 as a full withdrawal if you have not made an additional Purchase Payment in the past two calendar years. |
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|   | NOTE: |
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| · | Ordinary income taxes and tax penalties may apply to systematic withdrawals. |
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| · | The systematic withdrawal program is not available while you are receiving required minimum distribution payments. |
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|   | NOTE: |
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| · | You should consult a tax adviser before purchasing a Qualified Contract that is subject to RMD payments. |
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| · | The minimum distribution program is not available while you are receiving systematic withdrawals. |
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|   | NOTE FOR CONTRACTS ISSUED IN: |
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| · | Massachusetts – The waiver of withdrawal charge benefit is not available. |
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| · | New Hampshire – The definition of nursing home is an institution operated in accordance with state law. |
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| · | Pennsylvania – The waiver is not available if on the Issue Date, an Owner was confined to a nursing home or was already diagnosed with a terminal illness. Also, the nursing home confinement requirement is a total of 90 days within a six month period. These 90 days do not need to be consecutive. |
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| · | the New York Stock Exchange is closed (other than customary weekend and holiday closings); |
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| · | trading on the New York Stock Exchange is restricted; |
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| · | an emergency (as determined by the SEC) exists as a result of which disposal of the Variable Option shares is not reasonably practicable or we cannot reasonably value the Variable Option shares; or |
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| · | during any other period when the SEC, by order, so permits for the protection of Owners. |
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| 10. | THE ANNUITY PHASE |
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| · | The Contract Value on the Annuity Date. |
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| · | The age of the Annuitant and any joint Annuitant on the Annuity Date. |
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| · | The gender of the Annuitant and any joint Annuitant where permitted. |
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| · | The Annuity Option you select. |
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| · | Your Contract’s interest rate (or current rates, if higher) and mortality table. |
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| * | In Florida, the earliest acceptable Annuity Date is one year after the Issue Date. |
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| 11. | DEATH BENEFIT |
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| · | Contract Value, or |
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| · | total of all Purchase Payments received, reduced by the percentage of Contract Value withdrawn, determined at the end of each Business Day. Withdrawals include withdrawal charges, but not amounts we withdraw for other Contract expenses. |
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| · | If a Determining Life dies before you we do not pay a death benefit to the Beneficiary(s), but we may increase the Contract Value. We compare the Contract Value and total Purchase Payments adjusted for withdrawals determined at the end of Business Day we receive due proof of a Determining Life’s death. If your Contract Value is less than total Purchase Payments adjusted for withdrawals, we increase your Contract Value to equal total Purchase Payments adjusted for withdrawals. The Traditional Death Benefit becomes the Contract Value, and the Traditional Death Benefit ends. We allocate any Contract Value increase to the Variable Options according to future Purchase Payment allocation instructions. |
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| · | Upon your death your Beneficiary(s) receive the Contract Value determined at the end of the Business Day during which we receive each Beneficiary’s Valid Claim. |
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| · | The Business Day before the Annuity Date. |
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| · | The Business Day that total Purchase Payments adjusted for withdrawals and Contract Value are both zero. |
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| · | Upon the death of a Determining Life, the end of the Business Day we receive a Valid Claim from all Beneficiaries if you and the Determining Life are the same individuals, or if you and the Determining Life (Lives) are different individuals and die simultaneously as defined by applicable state law or regulation. |
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| · | Upon the death of a Determining Life, the end of the Business Day we receive due proof of the Determining Life’s death if you and the Determining Life (Lives) are different individuals and do not die simultaneously. |
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| · | Upon the death of an Owner (or Annuitant if the Owner is a non-individual), the end of the Business Day we receive the first Valid Claim from any one Beneficiary, if the Owner (or Annuitant) is no longer a Determining Life. |
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| · | The Business Day the Contract ends. |
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| · | he or she may exercise all of the Owner’s rights, including naming a new Beneficiary or Beneficiaries; |
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| · | he or she is subject to any remaining withdrawal charge; and |
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| · | upon the surviving spouse’s death their Beneficiary(s) receive the Contract Value determined at the end of the Business Day during which we receive a Valid Claim from each Beneficiary. |
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| 12. | TAXES |
|-----|-------|

| Type of Contract                      | Persons and Entities that can buy the Contract                                                                                                                                      |
|---------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| IRA                                   | Must have the same individual as Owner and Annuitant.                                                                                                                               |
| Roth IRA                              | Must have the same individual as Owner and Annuitant.                                                                                                                               |
| Simplified Employee Pension (SEP) IRA | Must have the same individual as Owner and Annuitant.                                                                                                                               |
| Certain Code Section 401 Plans        | A qualified retirement plan is the Owner and the Annuitant must be an individual.We may determine which types of qualified retirement plans are eligible to purchase this Contract. |
| Inherited IRA and Inherited Roth IRA  | Must have the same individual as Owner and Annuitant. The deceased owner of the previously held tax-qualified arrangement will also be listed in the titling of the Contract.       |

| · | Taxes on earnings are deferred until you take money out. Non-Qualified Contracts owned by corporations or partnerships do not receive income tax deferral on earnings. |
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| · | When you take money out of a Non-Qualified Contract, earnings are generally subject to federal income tax and applicable state income tax. All pre-tax funds distributed from Qualified Contracts are subject to federal and state income tax, but qualified distributions from Roth IRA Contracts are not subject to federal income tax. This prospectus does not address specific state tax laws. You should discuss state taxation with your tax adviser. |
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| · | Taxable distributions are subject to an ordinary income tax rate, rather than a capital gains rate. |
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| · | Distributions from Non-Qualified Contracts will be considered investment income for purposes of the newly enacted Medicare tax on investment income. Thus, in certain circumstances, a 3.8% tax may apply to some or all of the taxable portion of distributions (e.g. earnings) to individuals whose income exceeds certain threshold amounts ($200,000 for filing single, $250,000 for married filing jointly and $125,000 for married filing separately.) Please consult a tax advisor for more information. |
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| · | If you take partial withdrawals from your Non-Qualified Contract, the withdrawals are generally taxed as though you were paid taxable earnings first, and then as a non-taxable return of Purchase Payments. |
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| · | If you annuitize your Non-Qualified Contract and receive a stream of Annuity Payments, you receive the benefit of the exclusion ratio. The exclusion ratio is a calculation that causes a portion of each Annuity Payment to be non-taxable, based upon the percentage of your Contract Value that is from Purchase Payments. Purchase Payments are treated as a non-taxable return of principal, whereas earnings are taxable. |
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| · | If you take partial withdrawals or annuitize a Qualified Contract, you will be responsible for determining what portion, if any, of the distribution consists of after-tax funds. |
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| · | If you take out earnings before age 59½, you may be subject to a 10% additional federal tax, unless you take a lifetime annuitization of your Contract or you take money out in a stream of substantially equal payments over your expected life in accordance with the requirements of the Code. |
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| · | A pledge, assignment, or ownership change of a Contract may be treated as a taxable event. You should discuss any pledge, assignment, or ownership change of a Contract with your tax adviser. |
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| · | If you purchase multiple non-qualified deferred annuity contracts from an affiliated group of companies in one calendar year, these contracts are treated as one contract for purposes of determining the tax consequences of any distribution. |
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| · | Death benefit proceeds from Non-Qualified Contracts are taxable to the beneficiary as ordinary income to the extent of any earnings. Death benefit proceeds must be paid out in accordance with the requirements of the Code. |
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| · | Depending upon the type of Qualified Contract you own, required minimum distributions (RMDs) must be satisfied when you reach a certain age. If you enroll in our minimum distribution program, we make RMD payments to you that are designed to meet this Contract’s RMD requirements. |
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| · | When you take money out of a Contract, we may deduct premium tax that we pay on your Contract. This tax varies from 0% to 3.5%, depending on your state. Currently, we pay this tax and do not pass it on to you. |
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| · | you might have to pay a withdrawal charge on your previous contract, |
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| · | there is a new withdrawal charge period for this Contract, |
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| · | other charges under this Contract may be higher (or lower), |
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| · | the benefits may be different, and |
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| · | you no longer have access to any benefits from your previous contract. |
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| 13. | OTHER INFORMATION |
|-----|-------------------|

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| · | marketing services and increased access to their Financial Professionals; |
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| · | sales promotions relating to the Contracts; |
|--------|---------------------------------------------|

| · | costs associated with sales conferences and educational seminars; |
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| · | the cost of client meetings and presentations; and |
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| · | other sales expenses incurred by them. |
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| · | issuance and maintenance of the Contracts, |
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| · | maintenance of Owner records, |
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| · | processing and mailing of account statements and other mailings to Owners, and |
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| · | routine customer service including: |
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|   | – | responding to Owner correspondence and inquiries, |
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|   | – | processing of Contract changes, |
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|   | – | processing withdrawal requests (both partial and total) and |
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|   | – | processing annuitization requests. |
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| 14. | INFORMATION ON ALLIANZ LIFE |
|-----|-----------------------------|

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| · | Walter White, President and Chief Executive Officer |
|--------|-----------------------------------------------------|

| · | Giulio Terzariol, Senior Vice President and Chief Financial Officer |
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| · | Thomas Burns, Senior Vice President and Chief Distribution Officer |
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| · | Neil McKay, Senior Vice President and Chief Actuary |
|--------|-----------------------------------------------------|

| · | Robert DeChellis, Field Senior Vice President, Broker Dealer Distribution |
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| · | providing total compensation opportunities that we believe are competitive with the levels of total compensation available at the large diversified financial services companies with which we most directly compete in the marketplace; |
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| · | setting performance metrics and objectives for our variable compensation arrangements that reward executives for attaining both annual targets and medium-range and long-term business objectives, thereby providing individual executives with the opportunity to earn above-average compensation by achieving above-average results; |
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| · | establishing equity-based arrangements that align our executives’ financial interests with those of Allianz SE by ensuring our executives have a material financial stake in the equity value of Allianz SE and the business success of its affiliates; and |
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| · | structuring compensation packages and outcomes to foster internal pay equity. |
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| Compensation Element           | Description                                                                                                                                                                                                                                                                                                                                                                             | Objective                                                                                                                                               |
|-------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|
| Base Salary                         | Fixed rate of pay that compensates employees for fulfilling their basic job responsibilities.For NEOs, increases are generally provided in the case of a significant increase in responsibilities or a significant discrepancy vs. the market.                                                                                                                                          | Attract and retain high-caliber leadership                                                                                                    |
| Annual Incentive Plan          | Incentive compensation that promotes and rewards the achievement of annual performance objectives through awards under the AZOA Services Corporation Annual Incentive Plan (the “AIP”).                                                                                                                                                                                     | Link compensation to annual performance resultsAttract, motivate and retain high-caliber leadershipAlign the interests of NEOs and shareholders         |
| Long-Term Incentives                | Incentive compensation that promotes and rewards the achievement of long-term performance objectives through awards under the AZOA Services Corporation Long-Term Performance Unit Plan (the “ALTPUP”). In the case of our Chief Executive Officer, Walter White, he is eligible to receive annual awards through the Allianz SE Mid-Term Bonus Plan instead of the ALTPUP. | Link compensation to performance resultsAttract, motivate and retain high-caliber leadershipAlign the interests of NEOs and shareholders                |
| Performance-Based Equity Incentives | Incentive compensation through restricted stock unit awards made under the Allianz Equity Incentive Plan (“AEI”) that promotes and rewards the achievement of our senior executive officers. The AEI replaced the Allianz Group Equity Incentives 2007 plan.                                                                                                                | Attract and retain high-caliber leadership. Align the interests of NEOs and shareholders.Provide market competitive compensation                        |
| Severance Arrangements              | Severance payments to employees, including NEOs, under certain company-initiated termination events.                                                                                                                                                                                                                                                                                    | Compensate employees for situations where the employee’s position is eliminated as a result of outsourcing, merger or other corporate transaction |
| Perquisites-Benefits                | Perquisites provided to our NEOs include employer matching contributions to the NEOs’ 401(k) plans and may also include the payment of life insurance premiums, relocation reimbursements, reimbursements for financial planning and tax preparation services and reimbursements of spousal travel expenses.                                                                      | Provide market competitive compensation                                                                                                                 |

----

| · | In consultation with senior management, establish the general compensation philosophy and strategy of the Allianz NA Group and oversee the development and implementation of compensation, benefit and perquisite programs for corporate executives consistent with the principles of ensuring that leadership is compensated effectively in a manner consistent with the stated compensation strategy, internal equity considerations, competitive practices, shareholder interests, and the requirements of any applicable regulatory bodies in order to enable the Allianz NA Group to attract and retain high-quality leadership. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Review and recommend to the Board of Directors the establishment of, or material modification to, any executive incentive compensation plans or programs for the Allianz NA Group. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Review and recommend to the Board of Directors the approval of any special benefits, perquisites or compensation contracts in effect for, or offered to, any prospective, current or former Allianz NA Group employee, regardless of the employee’s level or assignment within the Allianz NA Group. Such benefits and perquisites are those that are unusual or different than the benefits offered to all similarly-situated employees. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Review and recommend to the Board of Directors any employment agreements or any severance, change in control or similar termination arrangements or agreements proposed to be made with any prospective, current or former employee of any Allianz NA Group company. This does not include special termination agreements, separation or settlement agreements negotiated in connection with and at the time of termination of an executive’s employment. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | In consultation with senior management, ensure that any Allianz NA Group plans are fiscally responsible, consistent with good management practices and in the best interest of the Allianz NA Group and the shareholders. Review and recommend to the Board the adoption of, or amendment to, any such Plan. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Review and ratify compensation decisions. |
|--------|-------------------------------------------|

| · | Make Group-wide comparisons of compensation decisions and ensure adherence to Group Standards and German regulations. |
|--------|-----------------------------------------------------------------------------------------------------------------------|

----

| · | evaluating the compensation data from industry groups, national executive pay surveys and other sources for the NEOs and other executive officers as appropriate; |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | gathering and correlating performance ratings and reviews for individual executive officers, including the NEOs; |
|--------|------------------------------------------------------------------------------------------------------------------|

| · | reviewing executive compensation recommendations against appropriate market data and for internal consistency and equity; and |
|--------|-------------------------------------------------------------------------------------------------------------------------------|

| · | reporting to, and answering requests for, information from the Compensation Committee. |
|--------|----------------------------------------------------------------------------------------|

----

| · | Reward the performance of participants who have made significant contributions during the prior year to the achievement of the Company's annual goals and objectives; |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Provide an incentive that will encourage superior individual performance; and |
|--------|-------------------------------------------------------------------------------|

| · | Encourage the retention of employees who are anticipated to significantly contribute to the future success of the Company. |
|--------|----------------------------------------------------------------------------------------------------------------------------|

| · | Reward the performance of participants who have made significant contributions to the achievement of the Company's goals and objectives, |
|--------|------------------------------------------------------------------------------------------------------------------------------------------|

| · | Provide an incentive that will encourage superior individual performance in the future, and |
|--------|---------------------------------------------------------------------------------------------|

| · | Encourage the retention of participants who have demonstrated exceptional performance and/or are anticipated to significantly contribute to the long-term success of the Company. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| · | Employee’s position is eliminated by the Company; |
|--------|---------------------------------------------------------|

| · | Employee’s position is outsourced; or |
|--------|---------------------------------------------|

| · | Employee’s position is eliminated in connection with a sale or merger or other corporate transaction. |
|--------|-------------------------------------------------------------------------------------------------------------|

----

| Name and Principal Position | Year   | Salary   | Bonus  | StockAwards | Option Awards | Non-Equity Incentive Plan Compensation | Change in Pension Value andNonqualified Deferred Compensation Earnings | All Other Compensation | Total      |
|-----------------------------|--------|----------|--------|-------------|---------------|----------------------------------------|------------------------------------------------------------------------|------------------------|------------|
| (a)                         | (b)    | (c)      | (d)    | (e)(1)      | (f)           | (g)(2)                                 | (h)                                                                    | (i)(5)                 | (j)        |
| Walter White                | 2014   | $[ ]     | N/A    | $[ ]        | N/A           | $[ ]                                   | N/A                                                                    | $[ ]                   | $[ ]       |
| President and Chief         | 2013   | $800,000 |   | $1,109,120  |          | $2,218,240(3)                          |                                                                   | $24,363                | $4,151,723 |
| Executive Officer           | 2012   | $750,000 |   | $885,000    |          | $1,770,000                             |                                                                   | $24,212                | $3.429,212 |
| Giulio Terzariol(4)         | 2014   | $[ ]     | N/A    | $[ ]        | N/A           | $[ ]                                   | N/A                                                                    | $[ ]                   | $[ ]       |
| Senior Vice President       | 2013   | $466,000 |   | $491,000    |          | $770,600                               |                                                                   | $766                   | $1,728,366 |
| and Chief Financial         | 2012   | $455,000 |   | $423,000    |          | $696,000                               |                                                                   | $8,944                 | $1,582,944 |
| Officer                     |   |     |   |        |          |                                   |                                                                   |                   |       |
| Thomas Burns                | 2014   | $[ ]     | N/A    | $[ ]        | N/A           | $[ ]                                   | N/A                                                                    | $[ ]                   | $[ ]       |
| Senior Vice President       | 2013   | $585,000 |   | $521,000    |          | $872,000                               |                                                                   | $23,049                | $2,001,049 |
| and Chief Distribution      | 2012   | $585,000 |   | $393,000    |          | $744,000                               |                                                                   | $19,785                | $1,741,785 |
| Officer                     |   |     |   |        |          |                                   |                                                                   |                   |       |
| Neil McKay                  | 2014   | $[ ]     | N/A    | $[ ]        | N/A           | $[ ]                                   | N/A                                                                    | $[ ]                   | $[ ]       |
| Senior Vice President       | 2013   | $490,000 |   | $445,000    |          | $739,000                               |                                                                   | $19,843                | $1,693,843 |
| and Chief Actuary           | 2012   | $490,000 |   | $364,000    |          | $658,000                               |                                                                   | $19,597                | $1,531,597 |
| Robert DeChellis            | 2014   | $[ ]     | N/A    | $[ ]        | N/A           | $[ ]                                   | N/A                                                                    | $[ ]                   | $[ ]       |
| Field Senior Vice           | 2013   | $400,000 |   | $128,000    |          | $685,000                               |                                                                   | $182,735               | $1,395,735 |
| President, Broker           | 2012   | $400,000 |   | $128,000    |          | $610,000                               |                                                                   | $79,182                | $1,217,182 |
| Dealer Distribution         |   |     |   |        |          |                                   |                                                                   |                   |       |

| (1) | Represents the grant date fair value of the restricted stock units (“RSUs”) issued pursuant to the Allianz Equity Incentives plan. The RSUs vest over a four-year period. The RSUs issued in 2012 have a March 2016 exercise date, and the RSUs issued in 2013 have a March 2017 exercise date, and the RSUs issued in 2014 have a [ ] exercise date. The grant price of the RSUs was the market value of Allianz SE’s shares on the grant date. These numbers show the amount realized for financial reporting purposes as calculated in accordance with the Financial Accounting Standards Board Accounting Standards Codification (“ASC”) Topic 718. Under ASC Topic 718, the grant date fair value is calculated using the closing market price of the common stock of Allianz SE on the date of grant, which is then recognized over the requisite service period of the award. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Includes the following payments made pursuant to the AIP and the ALTPUP. |
|-----|--------------------------------------------------------------------------|

| Name and Principal Position | Year | Grants madepursuant to the AIP | Grants madepursuant to the ALTPUP |
|-----------------------------|------|--------------------------------|-----------------------------------|
| Walter White                | 2014 | $[ ]                           | $[ ]                              |
|                        | 2013 | $1,109,120                     | $1,109,120                        |
|                        | 2012 | $885,000                       | $885,000                          |
| Giulio Terzariol            | 2014 | $[ ]                           | $[ ]                              |
|                        | 2013 | $491,000                       | $279,600                          |
|                        | 2012 | $423,000                       | $273,000                          |
| Thomas Burns                | 2014 | $[ ]                           | $[ ]                              |
|                        | 2013 | $521,000                       | $351,000                          |
|                        | 2012 | $393,000                       | $351,000                          |
| Neil McKay                  | 2014 | $[ ]                           | $[ ]                              |
|                        | 2013 | $445,000                       | $294,000                          |
|                        | 2012 | $364,000                       | $294,000                          |
| Robert DeChellis            | 2014 | $[ ]                           | $[ ]                              |
|                        | 2013 | $525,000                       | $160,000                          |
|                        | 2012 | $450,000                       | $160,000                          |

| (3) | Walter White, as Chief Executive Officer, participates in the global Mid-Term Bonus Program rather than the ALTPUP. |
|-----|---------------------------------------------------------------------------------------------------------------------|

| (4) | Mr. Terzariol also participates in certain plans maintained by Allianz SE that are not part of Allianz Life’s compensation program. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------|

----

| (5) | The following table provides additional details regarding compensation found in the “All Other Compensation” column. |
|-----|----------------------------------------------------------------------------------------------------------------------------------|

| Name             | Year | SpousalTravel(6) | Relocation(7) | Tax Services(8) | Milestone/Anniversary/Recognition(9) | Tuition(10) | Life Insurance Premiums | Employer Match to 401(k) Plan | Total    |
|------------------|------|------------------|---------------|-----------------|--------------------------------------|-------------|-------------------------|-------------------------------|----------|
| Walter White     | 2014 | $[ ]             | $[ ]          | $[ ]            | $[ ]                                 | $[ ]        | $[ ]                    | $[ ]                          | $[ ]     |
|             | 2013 | $4,336           | --            | --              |                                 | --          | $902                    | $19,125                       | $24,363  |
|             | 2012 | $3,911           | --            | --              | $792                                 | --          | $759                    | $18,750                       | $24,212  |
| Giulio Terzariol | 2014 | $[ ]             | $[ ]          | $[ ]            | $[ ]                                 | $[ ]        | $[ ]                    | $[ ]                          | $[ ]     |
|             | 2013 | --               | $100          | --              | --                                   | --          | $666                    | --                            | $766     |
|             | 2012 | --               | $4,507        | $2,523          | $1,222                               | --          | $692                    | --                            | $8,944   |
| Thomas Burns     | 2014 | $[ ]             | $[ ]          | $[ ]            | $[ ]                                 | $[ ]        | $[ ]                    | $[ ]                          | $[ ]     |
|             | 2013 | $3,558           | --            | --              | --                                   | --          | $366                    | $19,125                       | $23,049  |
|             | 2012 | $603             | --            | --              | --                                   | --          | $432                    | $18,750                       | $19,785  |
| Neil McKay       | 2014 | $[ ]             | $[ ]          | $[ ]            | $[ ]                                 | $[ ]        | $[ ]                    | $[ ]                          | $[ ]     |
|             | 2013 | --               | --            | --              | --                                   | --          | $718                    | $19,125                       | $19,843  |
|             | 2012 | --               | --            | --              | --                                   | --          | $847                    | $18,750                       | $19,597  |
| Robert DeChellis | 2014 | $[ ]             | $[ ]          | $[ ]            | $[ ]                                 | $[ ]        | $[ ]                    | $[ ]                          | $[ ]     |
|             | 2013 | --               | $89,446       | --              | --                                   | $75,423     | $366                    | $17,499                       | $182,735 |
|             | 2012 | --               | $60,000       | --              | --                                   | --          | $432                    | $18,750                       | $79,182  |

| (6) | Represents reimbursement or payments made to defray the costs of a spouse’s travel. |
|-----|-------------------------------------------------------------------------------------------|

| (7) | Represents reimbursement or payments made to defray the cost of relocation expenses. |
|-----|--------------------------------------------------------------------------------------|

| (8) | Represents reimbursements or payments made to defray the cost of tax related services. |
|-----|----------------------------------------------------------------------------------------|

| (9) | Represents Milestone Anniversary Program, which pays a bonus at one, three and five year anniversaries, and then every five years thereafter. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------|

| (10) | Represents reimbursement or payments made to defray the cost of Executive MBA tuition expenses. |
|------|-------------------------------------------------------------------------------------------------|

----

----

| Name               | Grant Date | Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1)(2) | Estimated Future Payouts Under Equity Incentive Plan Awards(3)(4) |
|--------------------|------------|-----------------------------------------------------------------------|-------------------------------------------------------------------|
| Threshold ($)      | Target ($) | Maximum ($)                                                           | Threshold ($)                                                     | Target ($) | Maximum ($) |
| (a)                | (b)        | (c)                                                                   | (d)                                                               | (e) | (f) | (g) | (h) |
| Walter White       | 3/10/2015  |                                                                  |                                                              |   |   |   |   |
| RSUs (under AEI)   |       |                                                                  |                                                              |   | $[ ] | $[ ] | $[ ] |
| AIP Award          |       | $[ ]                                                                  | $[ ]                                                              | $[ ] |   |   |   |
| Midterm Bonus Plan |       | $[ ]                                                                  | $[ ]                                                              | $[ ] |   |   |   |
| Giulio Terzariol   | 3/10/2015  |                                                                  |                                                              |   |   |   |   |
| RSUs (under AEI)   |       |                                                                  |                                                              |   | $[ ] | $[ ] | $[ ] |
| AIP Award          |       | $[ ]                                                                  | $[ ]                                                              | $[ ] |   |   |   |
| ALTPUP Award       |       | $[ ]                                                                  | $[ ]                                                              | $[ ] |   |   |   |
| Thomas Burns       | 3/10/2015  |                                                                  |                                                              |   |   |   |   |
| RSUs (under AEI)   |       |                                                                  |                                                              |   | $[ ] | $[ ] | $[ ] |
| AIP Award          |       | $[ ]                                                                  | $[ ]                                                              | $[ ] |   |   |   |
| ALTPUP Award       |       | $[ ]                                                                  | $[ ]                                                              | $[ ] |   |   |   |
| Neil McKay         | 3/10/2015  |                                                                  |                                                              |   |   |   |   |
| RSUs (under AEI)   |       |                                                                  |                                                              |   | $[ ] | $[ ] | $[ ] |
| AIP Award          |       | $[ ]                                                                  | $[ ]                                                              | $[ ] |   |   |   |
| ALTPUP Award       |       | $[ ]                                                                  | $[ ]                                                              | $[ ] |   |   |   |
| Robert DeChellis   | 3/10/2015  |                                                                  |                                                              |   |   |   |   |
| RSUs (under AEI)   |       |                                                                  |                                                              |   | $[ ] | $[ ] | $[ ] |
| AIP Award          |       | $[ ]                                                                  | $[ ]                                                              | $[ ] |   |   |   |
| ALTPUP Award       |       | $[ ]                                                                  | $[ ]                                                              | $[ ] |   |   |   |

| (1) | The target and maximum columns show the target award and maximum award for 2014 for each NEO under the AIP. There is no threshold amount for any participant in the AIP. The actual 2014 awards granted to the NEOs are listed in the Non-Equity Incentive Compensation column of the Summary Compensation Table. AIP target and maximum awards are a pre-designated percentage of base salary determined at the executive’s level. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | The target and maximum columns show the target award and maximum award for 2014 for each NEO under the ALTPUP. Under the ALTPUP, all awards are discretionary. To the extent that awards are made, the minimum amount of an award will equal at least 50% of the target amount as determined by the Compensation Committee of the Board of Directors of ASC. The actual 2014 awards granted to the NEOs are listed in the Non-Equity Incentive Compensation column of the Summary Compensation Table. ALTPUP target and maximum awards are a pre-designated percentage of base salary determined at the executive’s level. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | RSUs have a vesting schedule as disclosed in the footnotes to the Summary Compensation Table. See “Outstanding Equity Awards at December 31, 2014” for disclosure regarding the number of RSUs that are unvested as of December 31, 2014. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | The target and maximum columns show the target award and maximum award for 2014 for each NEO under the AEI. There is no threshold amount for any participant in the AEI. The actual 2014 awards granted to the NEOs are listed in the Non-Equity Incentive Compensation column of the Summary Compensation Table. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|             | SAR Awards                                                  | RSU Awards                                                    |
|------------------|-------------------------------------------------------------|---------------------------------------------------------------|
| Name             | Number of Securities Underlying Unexercised SARsExercisable | Number of Securities Underlying Unexercised SARsUnexercisable | Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned SARs | SARBase Price | SAR Expiration Date | Number of Restricted Stock Units That Have Not Vested | Market Value of Restricted Stock Units That Have Not Vested | Equity Incentive Plan Awards: Number of Unearned Restricted Stock Units That Have Not Vested | Equity Incentive Plan Awards: Market or Payout Value of Unearned Restricted Stock Units That Have Not Vested |
| (a)              | (b)(1)                                                      | (c)                                                           | (d) | (e) | (f) | (g)(2)(3) | (h)(4) | (i) | (j) |
| Walter White     | [ ]                                                         | [ ]                                                           | [ ] | [ ] | 3/12/2017 |   |   | [ ] | [ ] |
|             |                                                        |                                                          |   |   |   | [ ] | [ ] |   |   |
|             |                                                        |                                                          |   |   |   | [ ] | [ ] |   |   |
|             |                                                        |                                                          |   |   |   | [ ] | [ ] |   |   |
| Giulio Terzariol | [ ]                                                         | [ ]                                                           | [ ] | [ ] | 3/5/2015 |   |   | [ ] | [ ] |
|             | [ ]                                                         | [ ]                                                           |   |   | 3/10/2017 |   |   |   |   |
|             |                                                        |                                                          |   |   |   | [ ] | [ ] |   |   |
|             |                                                        |                                                          |   |   |   | [ ] | [ ] |   |   |
|             |                                                        |                                                          |   |   |   | [ ] | [ ] |   |   |
| Thomas Burns     | [ ]                                                         | [ ]                                                           | [ ] | [ ] | 3/5/2015 |   |   | [ ] | [ ] |
|             | [ ]                                                         | [ ]                                                           |   |   | 3/10/2017 |   |   |   |   |
|             |                                                        |                                                          |   |   |   | [ ] | [ ] |   |   |
|             |                                                        |                                                          |   |   |   | [ ] | [ ] |   |   |
|             |                                                        |                                                          |   |   |   | [ ] | [ ] |   |   |
| Neil McKay       | [ ]                                                         | [ ]                                                           | [ ] | [ ] | 3/5/2015 |   |   | [ ] | [ ] |
|             | [ ]                                                         | [ ]                                                           |   |   | 3/10/2017 |   |   |   |   |
|             |                                                        |                                                          |   |   |   | [ ] | [ ] |   |   |
|             |                                                        |                                                          |   |   |   | [ ] | [ ] |   |   |
|             |                                                        |                                                          |   |   |   | [ ] | [ ] |   |   |
| Robert DeChellis | [ ]                                                         | [ ]                                                           | [ ] | [ ] | 3/5/2015 |   |   | [ ] | [ ] |
|             |                                                        |                                                          |   |   |   | [ ] | [ ] |   |   |
|             |                                                        |                                                          |   |   |   | [ ] | [ ] |   |   |
|             |                                                        |                                                          |   |   |   | [ ] | [ ] |   |   |

| (1) | There is a two-year vesting period for exercisable securities underlying unexercised SARs. |
|-----|--------------------------------------------------------------------------------------------|

| (2) | Represents unvested restricted stock units issued pursuant to the GEI and the AEI. RSUs issued under the GEI plan during the years 2006 – 2010 are subject to a five-year vesting period from the grant date. RSUs issued under the AEI plan during the years 2011, 2012 and 2013 are subject to a four-year vesting period from the grant date. At the end of the respective vesting period, the RSUs are exercised uniformly for all participants, provided they remain employed by the Allianz NA Group or are pensioners. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | For each of the named executive officers, the number of RSUs listed on the first line expire March 2015, the RSUs listed on the second line expire March 2016, and the RSUs listed on the third line expire March 2017. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Based on an assumed stock price of $[ ] per share, which was the closing stock price of Allianz SE common stock on December 31, 2014, converted from Euros into U.S. dollars. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|             | Option Awards                          | Stock Awards                     |
|------------------|----------------------------------------|----------------------------------|
| Name             | Number ofSharesAcquiredon Exercise (#) | Value Realizedon Exercise ($)(1) | Number ofSharesAcquiredon Vesting (#) | Value Realizedon Vesting ($)(2) |
| Walter White     | [ ]                                    | $[ ]                             | [ ] | $[ ] |
| Giulio Terzariol | [ ]                                    | $[ ]                             | [ ] | $[ ] |
| Thomas Burns     | [ ]                                    | $[ ]                             | [ ] | $[ ] |
| Neil McKay       | [ ]                                    | $[ ]                             | [ ] | $[ ] |
| Robert DeChellis | [ ]                                    | $[ ]                             | [ ] | $[ ] |

| (1) | Represents SARs that were exercised during 2014 pursuant to the GEI. Amounts realized were paid in cash. |
|-----|----------------------------------------------------------------------------------------------------------|

| (2) | Represents RSUs that were exercised during 2014 pursuant to the GEI. Amounts realized were paid in cash. |
|-----|----------------------------------------------------------------------------------------------------------|

----

| Name                                              | Maximum Severance Payable Upon Termination by Company Without Cause or Resignation for Good Reason | Maximum Severance Payable Upon Termination following Change In Control | Maximum Severance Payable Upon Termination by Company as a Result or Permanent and Total Disability | Maximum Severance Payable to Designated Beneficiary in the Event of Death |
|---------------------------------------------------|----------------------------------------------------------------------------------------------------|------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------|
| Walter WhitePresident and Chief Executive Officer | $[ ]                                                                                               | $[ ]                                                                   | $[ ]                                                                                                | $[ ]                                                                      |

| · | Employee’s position is eliminated by the Company; |
|--------|---------------------------------------------------------|

| · | Employee’s position is outsourced; or |
|--------|---------------------------------------------|

| · | Employee’s position is eliminated in connection with a sale or merger or other corporate transaction. |
|--------|-------------------------------------------------------------------------------------------------------------|

| NEO              | Lump Sum Payment |
|------------------|------------------|
| Walter White     | N/A(1)           |
| Giulio Terzariol | $[ ]             |
| Thomas Burns     | $[ ]             |
| Neil McKay       | $[ ]             |
| Robert DeChellis | $[ ]             |

| (1) | Mr. White is not eligible to receive payments pursuant to the Severance Allowance Plan. See “Allianz Life Executive Severance Agreement” for information regarding severance payments that Mr. White is eligible to receive upon termination of service. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Name                                                                 | Fees Earned or Paid in Cash($)(1) | Stock Awards($) | Option Awards($) | Non-Equity Incentive Plan Compensation($) | Change in Pension Value andNonqualified Deferred Compensation Earnings | All Other Compensation | Total($) |
|----------------------------------------------------------------------|-----------------------------------|-----------------|------------------|-------------------------------------------|------------------------------------------------------------------------|------------------------|----------|
| (a)                                                                  | (b)                               | (c)             | (d)              | (e)                                       | (f)                                                                    | (g)                    | (h)      |
| Gary Bhojwani(2)Chairman                                             | --                                | --              | --               | --                                        | --                                                                     | --                     | --       |
| Walter White(3)President and Chief Executive Officer                 | --                                | --              | --               | --                                        | --                                                                     | --                     | --       |
| Giulio Terzariol(3)Senior Vice President and Chief Financial Officer | --                                | --              | --               | --                                        | --                                                                     | --                     | --       |
| Marna WhittingtonIndependent Director                                | $[ ]                              | --              | --               | --                                        | --                                                                     | --                     | $[ ]     |
| Ronald M. ClarkIndependent Director                                  | $[ ]                              | --              | --               | --                                        | --                                                                     | --                     | $[ ]     |
| David L. ConwayIndependent Director                                  | $[ ]                              | --              | --               | --                                        | --                                                                     | --                     | $[ ]     |

| 1 | Represents cash compensation provided to our independent directors for the year ended December 31, 2014. |
|---|----------------------------------------------------------------------------------------------------------|

| 3 | As employee directors, Messrs. White and Terzariol do not receive any compensation for their service as directors. The compensation Messrs. White and Terzariol receive as executive officers of the Company is disclosed in the Summary Compensation Table as set forth herein. |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| · | licensing companies and agents to transact business; |
|--------|------------------------------------------------------|

| · | calculating the value of assets to determine compliance with statutory requirements; |
|--------|--------------------------------------------------------------------------------------|

| · | regulating unfair trade and claims practices, including through the imposition of restrictions on marketing and sales practices, distribution arrangements and payment of inducements; |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | establishing statutory capital and reserve requirements and solvency standards; |
|--------|---------------------------------------------------------------------------------|

| · | fixing maximum interest rates on insurance policy loans and minimum rates for guaranteed crediting rates on life insurance policies and annuity contracts; |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | restricting the payment of dividends and other transactions between insurance subsidiaries and affiliates; and |
|--------|----------------------------------------------------------------------------------------------------------------|

| · | regulating the types, amounts, concentrations and valuation of investments. |
|--------|-----------------------------------------------------------------------------|

----

----

----

----

----

----

----

----

| · | reducing new sales of insurance products, annuities and other investment products; |
|--------|------------------------------------------------------------------------------------|

| · | increasing our cost of capital or limiting our access to sources of capital; |
|--------|------------------------------------------------------------------------------|

| · | adversely affecting our relationships with our field marketing organizations, agents and other sales specialists; |
|--------|-------------------------------------------------------------------------------------------------------------------|

| · | materially increasing the number or amount of policy surrenders and withdrawals by contract holders and policyholders; |
|--------|------------------------------------------------------------------------------------------------------------------------|

| · | requiring us to reduce prices or increase crediting rates for many of our products and services to remain competitive; and |
|--------|----------------------------------------------------------------------------------------------------------------------------|

| · | adversely affecting our ability to obtain reinsurance or obtain reasonable pricing on reinsurance. |
|--------|----------------------------------------------------------------------------------------------------|

----

----

----

----

| · | training and educating our employees regarding our obligations relating to confidential information; |
|--------|------------------------------------------------------------------------------------------------------|

| · | monitoring changes in state or federal privacy and compliance requirements; |
|--------|-----------------------------------------------------------------------------|

| · | drafting appropriate contractual provisions into any contract that raises proprietary and confidentiality issues; |
|--------|-------------------------------------------------------------------------------------------------------------------|

| · | maintaining secure storage facilities for tangible records; |
|--------|-------------------------------------------------------------|

| · | limiting access to electronic information; and |
|--------|------------------------------------------------|

| · | in the event of a security breach, providing credit monitoring or other services to affected customers. |
|--------|---------------------------------------------------------------------------------------------------------|

----

| 15. | FINANCIAL STATEMENTS |
|-----|----------------------|

----

| 16. | PRIVACY AND SECURITY STATEMENT |
|-----|--------------------------------|

| · | From you, either directly or through your agent. This includes information on your insurance application or other information provided during the application process or while you hold a policy with us. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | From others, through the process of handling a claim. This may include information from medical or accident reports. |
|--------|----------------------------------------------------------------------------------------------------------------------|

| · | From your doctor or health provider. This is medical information about you, gathered with your written authorization. |
|--------|-----------------------------------------------------------------------------------------------------------------------|

| · | From a consumer reporting agency such as a medical, credit, or motor vehicle report. |
|--------|--------------------------------------------------------------------------------------|

| · | From sources using the information you provide, in order to obtain updated or additional information. An example is the U.S. Postal Service, in order to validate your current mailing address so that we may maintain records to correspond with you. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | With affiliates and service providers in order to administer or service your policy, and with research groups to conduct various studies. However, no individual is identified in any study or summary report. These companies sign a Privacy and Security Agreement, requiring them to protect your information. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | With consumer reporting agencies to obtain a medical report, credit report, or motor vehicle report. These reports are used to determine eligibility for coverage or to process your requested transactions. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | With your insurance agent and their affiliates so that they can perform services for you. |
|--------|-------------------------------------------------------------------------------------------|

| · | With medical professionals in order to process your claim. |
|--------|------------------------------------------------------------|

| · | With a state Department of Insurance in order to examine our records or business practices. |
|--------|---------------------------------------------------------------------------------------------|

| · | With state or federal law enforcement agencies, as required by law or to report suspected fraud activities. |
|--------|-------------------------------------------------------------------------------------------------------------|

----

| Allianz Life Insurance Company of North America5701 Golden Hills DriveMinneapolis, MN 55416-1297800.950.5872www.allianzlife.com | Allianz and its affiliated companies:·Allianz Life Insurance Company of North America·Allianz Life Insurance Company of New York·Allianz Investment Management LLC·Allianz Life Financial Services, LLC·Questar Asset Management, Inc.·Questar Capital Corporation |
|---------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17. | TABLE OF CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION (SAI) |
|-----|--------------------------------------------------------------------|

| Legal Opinions…………………………………..           | 2      | Annuity Purchases by Nonresident Aliens and                                                                                                         |   |
|-----------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Distributor………………………………………. | 2      | Foreign Corporations………………………………………                       | 8      |
| Federal Tax Status………………………………                | 3      | Income Tax Withholding…………………….………………..                         | 8      |
| Annuity Contracts in General…………………                                         | 3      | Multiple Contracts…………………………………………….          | 9      |
| Taxation of Annuities in General……………                                                   | 3      | Partial 1035 Exchanges………………………………………                     | 9      |
| Qualified Contracts……………………………                      | 3      | Assignments, Pledges and Gratuitous Transfers………….                                                                          | 9      |
| Purchasing a Qualified Contract……………                                                    | 5      | Death Benefits………………………………………………… | 9      |
| Distributions-Qualified Contracts……………                                                  | 5      | Federal Estate Taxes…………………………………………                | 9      |
| Distributions-Non-Qualified Contracts………                                                            | 6      | Generation-Skipping Transfer Tax………………………….                                             | 9      |
| Required Distributions…………………………                          | 7      | Foreign Tax Credits…………………………………………..               | 9      |
| Diversification………………………………….           | 8      | Possible Tax Law Changes………………………………….                                | 10     |
| Owner Control………………………………….             | 8      | Annuity Payments……………………………………………..           | 10     |
| Contracts Owned by Non-Individuals………                                                               | 8      | Annuity Payment Options……………………………………                           | 10     |
|                                                                                                                  |   | Appendix  – Death of the Owner and/or Annuitant………                                                                | 11     |

----

|   | APPENDIX A – BUFFERS AND INITIAL AND RENEWAL DPSCs AND CAPS |
|--------|-------------------------------------------------------------------|

| Index Effective Date             | InitialDPSCs | RenewalDPSCs    |
|----------------------------------|--------------|-----------------|
| 9/16/2013 - 9/30/2013            | 4.00%        | 4.00%           |
| 10/1/2013 -  11/4/2013 | 4.50%        | 3.75%           |
| 11/5/2013 - 12/2/2013            | 4.50%        | [  ]% |
| 12/3/2013 - 1/6/2014             | 4.00%        | [  ]% |
| 1/7/2014 - 2/3/2014              | 4.00%        | [  ]% |
| 2/4/2014 - 3/3/2014              | 4.00%        | [  ]% |
| 3/4/2014 - 3/31/2014             | 4.00%        | [  ]% |
| 4/1/2014 - 5/5/2014              | 4.00%        | NA              |
| 5/6/2014 - 6/2/2014              | 4.00%        | NA              |
| 6/3/2014 - 6/30/2014             | 4.00%        | NA              |
| 7/1/2014 - 8/4/2014              | 4.00%        | NA              |
| 8/5/2014 - 9/1/2014              | 4.00%        | NA              |
| 9/2/2014 - 10/6/2014             | 4.00%        | NA              |
| 10/7/2014 - [  ]/2014  | 3.75%        | NA              |

| Index Effective Date            | Initial Caps             | Renewal Caps           |
|---------------------------------|--------------------------|------------------------|
| S&P 500® Index         | Russell 2000® Index | Nasdaq-100® Index | S&P 500® Index | Russell 2000® Index | Nasdaq-100® Index |
| 9/16/2013 - 9/30/2013           | 13.00%                   | 14.00%                 | 11.00% | 12.75% | 15.00% | 12.25% |
| 10/1/2013 - 11/4/2013           | 14.00%                   | 16.00%                 | 13.00% | 12.50% | 14.75% | 12.00% |
| 11/5/2013 - 12/2/2013           | 14.00%                   | 16.00%                 | 13.00% | [  ]% | [  ]% | [  ]% |
| 12/3/2013 - 1/6/2014            | 13.00%                   | 14.00%                 | 12.50% | [  ]% | [  ]% | [  ]% |
| 1/7/2014 - 2/3/2014             | 13.00%                   | 14.00%                 | 12.50% | [  ]% | [  ]% | [  ]% |
| 2/4/2014 - 3/3/2014             | 12.75%                   | 13.50%                 | 12.25% | [  ]% | [  ]% | [  ]% |
| 3/4/2014 - 3/31/2014            | 12.75%                   | 13.50%                 | 12.25% | [  ]% | [  ]% | [  ]% |
| 4/1/2014 - 5/5/2014             | 12.75%                   | 13.50%                 | 12.25% | NA | NA | NA |
| 5/6/2014 - 6/2/2014             | 13.00%                   | 15.00%                 | 12.25% | NA | NA | NA |
| 6/3/2014 - 6/30/2014            | 13.00%                   | 15.00%                 | 12.25% | NA | NA | NA |
| 7/1/2014 - 8/4/2014             | 13.00%                   | 15.00%                 | 12.25% | NA | NA | NA |
| 8/5/2014 - 9/1/2014             | 12.75%                   | 15.00%                 | 11.75% | NA | NA | NA |
| 9/2/2014 - 10/6/2014            | 12.75%                   | 15.00%                 | 12.25% | NA | NA | NA |
| 10/7/2014 - [  ]/2014 | 12.50%                   | 14.75%                 | 12.00% | NA | NA | NA |

----

|   | APPENDIX B – AVAILABLE INDICES |
|--------|--------------------------------------|

----

----

----

|   | APPENDIX C – DAILY ADJUSTMENT |
|--------|-------------------------------------|

| · | an at-the-money call; |
|--------|-----------------------|

| · | an out-of-the-money call; and |
|--------|-------------------------------|

| · | an out-of-the-money put. |
|--------|--------------------------|

| · | an at-the-money call; |
|--------|-----------------------|

| · | an at-the-money put; |
|--------|----------------------|

| · | an out-of-the-money call; and |
|--------|-------------------------------|

| · | an out-of-the-money put. |
|--------|--------------------------|

----

|   | APPENDIX D – SELECTED FINANCIAL DATA AND CONSOLIDATED FINANCIAL STATEMENTS |
|--------|----------------------------------------------------------------------------------|

----

----

|   | FOR SERVICE OR MORE INFORMATION |
|--------|---------------------------------|

|   | Public Reference Section of the Commission |
|--------|--------------------------------------------|

|   | 100 F Street, NE |
|--------|------------------|

|   | Washington, DC 20549 |
|--------|----------------------|

| Send an application or additional Purchase Paymentwith a check: | Send an application or general customer servicewithout a check: |
|-----------------------------------------------------------------|-----------------------------------------------------------------|
| REGULAR MAIL                                                    | REGULAR MAIL                                                    |
| Allianz Life Insurance Company of North America                 | Allianz Life Insurance Company of North America                 |
| NW5989                                                          | P.O. Box 561                                                    |
| P.O. Box 1450                                                   | Minneapolis, MN 55440-0561                                      |
| Minneapolis, MN 55485-5989                                      |                                                            |
|                                                            |                                                            |
| OVERNIGHT, CERTIFIED, OR REGISTERED MAIL                        | OVERNIGHT, CERTIFIED, OR REGISTERED MAIL                        |
| Allianz Life Insurance Company of North America                 | Allianz Life Insurance Company of North America                 |
| NW5989                                                          | 5701 Golden Hills Drive                                         |
| 1801 Parkview Drive                                             | Golden Valley, MN 55416-1297                                    |
| Shoreview, MN 55126                                             |                                                            |

----

|   | PART B – SAI |
|--------|--------------------|

| Legal Opinions…………………………………..           | 2      | Income Tax Withholding…………………….………………..                         | 8      |
|-----------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Distributor………………………………………. | 2      | Multiple Contracts…………………………………………….          | 9      |
| Federal Tax Status………………………………                | 2      | Partial 1035 Exchanges………………………………………                     | 9      |
| Annuity Contracts in General…………………                                         | 2      | Assignments, Pledges and Gratuitous Transfers………….                                                                          | 9      |
| Taxation of Annuities in General……………                                                   | 3      | Death Benefits………………………………………………… | 9      |
| Qualified Contracts……………………………                      | 3      | Spousal Continuation and the Federal Defense of                                                                                                     |   |
| Purchasing a Qualified Contract……………                                                    | 5      | Marriage Act (DOMA)……………………………………                               | 9      |
| Distributions-Qualified Contracts……………                                                  | 5      | Federal Estate Taxes…………………………………………                | 10     |
| Distributions-Non-Qualified Contracts………                                                            | 7      | Generation-Skipping Transfer Tax………………………….                                             | 10     |
| Required Distributions…………………………                          | 7      | Foreign Tax Credits…………………………………………..               | 10     |
| Diversification………………………………….           | 8      | Possible Tax Law Changes………………………………….                                | 10     |
| Owner Control………………………………….             | 8      | Annuity Payments……………………………………………..           | 10     |
| Contracts Owned by Non-Individuals………                                                               | 8      | Annuity Payment Options……………………………………                           | 10     |
| Annuity Purchases by Nonresident Aliens and                                                                           |   | Appendix  – Death of the Owner and/or Annuitant………                                                                | 11     |
| Foreign Corporations………………………                                   | 8      |                                                                                                                                                |   |
|                                                                                                                  |   |                                                                                                                                                |   |

----

|   | LEGAL OPINIONS |
|--------|----------------|

|   | DISTRIBUTOR |
|--------|-------------|

| Calendar Year | Aggregate Amount of Commissions Paid toAllianz Life Financial | Aggregate Amount of Commissions Retained by Allianz Life Financial After Payments to Selling Firms |
|---------------|---------------------------------------------------------------|----------------------------------------------------------------------------------------------------|
| 2012          | $256,459,224.79                                               | $0                                                                                                 |
| 2013          | $263,039,138.09                                               | $0                                                                                                 |
| 2014          | $[  ]                                               | $[  ]                                                                                    |

| Firm Name                    |
|------------------------------|
| [LPL Financial Network       |
| Wells Fargo Network          |
| AIG                          |
| National Planning Holdings   |
| HD Vest Investment Services] |

|   | FEDERAL TAX STATUS |
|--------|--------------------|

----

| · | Traditional Individual Retirement Annuity. Section 408 of the Code permits eligible individuals to maintain Individual Retirement Annuities (IRAs). IRA contributions are limited each year to the lesser of a dollar amount specified in the Code or 100% of the amount of earned income included in the Owner’s income. You cannot make contributions once the Owner reaches age 70½. Contributions may be tax deductible based on the Owner’s income. The limit on the amount contributed to an IRA does not apply to distributions from certain other types of qualified plans that are “rolled over” on a tax-deferred basis into an IRA. Purchasers of a Contract for use with IRAs have the right to revoke their purchase within seven days of the earlier of the establishment of the IRA or their purchase. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Roth IRA. Section 408A of the Code permits certain eligible individuals to contribute to a Roth IRA. Contributions to a Roth IRA are limited each year to the lesser of a dollar amount specified in the Code or 100% of the amount of earned income included in the Owner’s income. Contributions are also limited or prohibited if the Owner’s income is above certain limits. Contributions must be made in cash or as a rollover or transfer from another Roth IRA. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | Conversions to a Roth IRA from a Traditional IRA or other eligible qualified retirement plan are permitted regardless of an individual’s income. A conversion to a Roth IRA results in a taxable event, but not a 10% additional federal tax for early withdrawal if certain qualifications are met (please consult your tax adviser for more details). |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Distributions from a Roth IRA generally are not subject to income tax if the Roth IRA has been held for five years (starting with the year in which the first contribution is made to any Roth IRA) and the Owner satisfies a triggering event such as attaining age 59½, death, disability or a first time homebuyer (subject to a $10,000 lifetime limit). |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Distribution before satisfying the five year period or triggering event requirement may subject the distribution to ordinary income tax and the 10% additional federal tax for early withdrawal. Please be aware that each Roth IRA conversion has its own five year holding period requirement. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Inherited IRA. The Code permits beneficiaries of investments that were issued under certain tax-qualified pension or retirement plans to directly transfer the death benefit from that investment into a variable annuity contract (Inherited IRA or Inherited Roth IRA Contract). Inherited IRA Contracts must satisfy the required minimum distribution rules that apply to a beneficiary. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Inherited IRA Contracts must satisfy the RMD rules that apply to a beneficiary. Since you are the beneficiary of the previously held tax-qualified arrangement, you will become the Owner of the new Inherited IRA Contract. The ownership of this Contract must also reflect the name of the deceased previous owner. The purpose of the Inherited IRA Contract is to allow the Owner to change the funding vehicle and receive RMD payments instead of receiving a lump sum death benefit payment. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | For a nonspouse beneficiary, the death benefit proceeds must be directly transferred into this Contract; they cannot be received by the nonspouse beneficiary and then applied to this Contract. A spouse beneficiary may receive the death benefit proceeds and then roll the funds into an Inherited IRA Contract within 60 days of receiving the proceeds. A beneficiary can apply the death benefit proceeds from multiple tax-qualified investments that were owned by the same decedent to the purchase of an Inherited IRA Contract. We will not accept any other forms of Purchase Payment on an Inherited IRA Contract. Once an Inherited IRA Contract is established, no further Purchase Payments can be made. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | We do not allow any optional benefit that would provide guaranteed income for life or for a period longer than the Owner’s life expectancy to be added to an Inherited IRA Contract. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Simplified Employee Pension (SEP) IRA. Employers may establish Simplified Employee Pension (SEP) IRAs under Code Section 408(k) to provide IRA contributions on behalf of their employees. In addition to all of the general rules governing IRAs, such plans are subject to additional requirements and different contribution limits. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 1) | distributions made on or after the date you (or the Annuitant as applicable) reach age 59½; |
|----|--------------------------------------------------------------------------------------------------|

| 2) | distributions following your death or disability (or the Annuitant as applicable) (for this purpose disability is as defined in Section 72(m)(7) of the Code); |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3) | distributions paid in a series of substantially equal payments made annually (or more frequently) for your life (or life expectancy) or joint lives of you and your designated Beneficiary; |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4) | distributions made to you after separation from service after reaching age 55 (does not apply to IRAs); |
|----|---------------------------------------------------------------------------------------------------------|

| 5) | distributions made to you to the extent such distributions do not exceed the amount allowed as a deduction under Code Section 213 for amounts paid during the tax year for medical care; |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6) | distributions made on account of an IRS levy upon the Qualified Contract; |
|----|---------------------------------------------------------------------------|

| 7) | distributions from an IRA for the purchase of medical insurance (as described in Section 213(d)(1)(D) of the Code) for you and your spouse and dependents if you have received unemployment compensation for at least 12 weeks (this exception will no longer apply after you have been re-employed for at least 60 days); |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8) | distributions from an IRA made to you, to the extent such distributions do not exceed your qualified higher education expenses (as defined in Section 72(t)(7) of the Code) for the tax year; |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 9) | distributions from an IRA which are qualified first-time homebuyer distributions (as defined in Section 72(t)(8) of the Code); |
|----|--------------------------------------------------------------------------------------------------------------------------------|

| 10) | distributions made to an alternate Payee pursuant to a qualified domestic relations order (does not apply to an IRA); and |
|-----|---------------------------------------------------------------------------------------------------------------------------|

| 11) | distributions made to a reservist called to active duty after September 11, 2001, for a period in excess of 179 days (or for an indefinite period), from IRAs or amounts attributable to elective deferrals under a 401(k) plan made during such active period. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 1) | paid on or after you reach age 59½; |
|----|------------------------------------------|

| 2) | paid after you die; |
|----|---------------------|

| 3) | paid if you become totally disabled (as that term is defined in Section 72(m)(7) of the Code); |
|----|------------------------------------------------------------------------------------------------|

| 4) | paid in a series of substantially equal payments made annually (or more frequently) for your life (or life expectancy) or joint lives of you and your designated Beneficiary; |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5) | paid as annuity payments under an immediate annuity; or |
|----|---------------------------------------------------------|

| 6) | that come from Purchase Payments made before August 14, 1982. |
|----|---------------------------------------------------------------|

----

| · | a series of substantially equal payments made at least annually for the life or life expectancy of the participant or joint and last survivor expectancy of the participant and a designated Beneficiary, or for a specified period of ten years or more; or |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | required minimum distributions; or |
|--------|------------------------------------|

| · | any part of a distribution not included in gross income (for example, returns of after-tax contributions); or |
|--------|---------------------------------------------------------------------------------------------------------------|

| · | hardship withdrawals. |
|--------|-----------------------|

----

----

|   | ANNUITY PAYMENTS |
|--------|------------------|

| · | Under Annuity Options 1 and 3, the death of the last surviving Annuitant. |
|--------|---------------------------------------------------------------------------|

| · | Under Annuity Options 2 and 4, the death of the last surviving Annuitant and expiration of the guaranteed period. |
|--------|-------------------------------------------------------------------------------------------------------------------|

| · | Under Annuity Option 5, the death of the Annuitant and payment of any lump sum refund. |
|--------|----------------------------------------------------------------------------------------|

| · | When the Contract ends. |
|--------|-------------------------|

----

|   | APPENDIX – DEATH OF THE OWNER AND/OR ANNUITANT |
|--------|------------------------------------------------------|

| UPON THE DEATH OF A SOLE OWNER                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Action if the Contract is in the Accumulation Phase                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | Action if the Contract is in the Annuity Phase |
| ·   We pay a death benefit to the Beneficiary unless the Beneficiary is the surviving spouse and continues the Contract. For a description of the death benefit and payout options, see prospectus section 11, Death Benefit - Death Benefit Payment Options During the Accumulation Phase.·   If the deceased Owner was a Determining Life and the Traditional Death Benefit is in effect, the death benefit is the greater of the Contract Value or total Purchase Payments adjusted for withdrawals. ·   If the deceased Owner was not the Determining Life the Traditional Death Benefit ends and the Beneficiary(s) receive the Contract Value.·   If a surviving spouse Beneficiary continues the Contract, as of the end of the Business Day we receive their Valid Claim:–if the Traditional Death Benefit is in effect and the deceased was a Determining Life, we increase the Contract Value to equal total Purchase Payments adjusted for withdrawals (if greater) and the Traditional Death Benefit ends,–the surviving spouse becomes the new Owner,–the Accumulation Phase continues, and–upon the surviving spouse’s death, his or her Beneficiary(s) receives the Contract Value. | ·   The Beneficiary becomes the Payee.·   If the deceased was not an Annuitant, Annuity Payments to the Payee continue. No death benefit is payable.·   If the deceased was the only surviving Annuitant, Annuity Payments end or continue as follows.–   Annuity Option 1  or 3, payments end.–   Annuity Option 2 or 4, payments end when the guaranteed period expires.–   Annuity Option 5,  payments end and the Payee may receive a lump sum refund.·   If the deceased was an Annuitant and there is a surviving joint Annuitant, Annuity Payments to the Payee continue during the lifetime of the surviving joint Annuitant. No death benefit is payable. |

----

| UPON THE DEATH OF A JOINT OWNER                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Action if the Contract is in the Accumulation Phase                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | Action if the Contract is in the Annuity Phase |
| ·   The surviving Joint Owner is the sole primary Beneficiary. If the Joint Owners were spouses there may also be contingent Beneficiaries.·   We pay a death benefit to the surviving Joint Owner unless he or she is the surviving spouse and continues the Contract. For a description of the death benefit and payout options, see prospectus section 11, Death Benefit - Death Benefit Payment Options During the Accumulation Phase.·   If the deceased Joint Owner was a Determining Life and the Traditional Death Benefit is in effect, the death benefit is the greater of the Contract Value, or total Purchase Payments adjusted for withdrawals.·   If the deceased Joint Owner was not a Determining Life the Traditional Death Benefit ends and the Beneficiary(s) receive the Contract Value.·If a surviving Joint Owner who is also a surviving spouse continues the Contract, as of the end of the Business Day we receive their Valid Claim:–if the Traditional Death Benefit is in effect and the deceased was a Determining Life, we increase the Contract Value to equal total Purchase Payments adjusted for withdrawals (if greater) and the Traditional Death Benefit ends,–the surviving Joint Owner/spouse becomes the new Owner,–the Accumulation Phase continues, and–upon the surviving Joint Owner/spouse’s death, his or her Beneficiary(s) receives the Contract Value. | ·   The surviving Joint Owner becomes the sole Owner.·   If the deceased was not an Annuitant, Annuity Payments to the Payee continue. No death benefit is payable.·   If the deceased was the only surviving Annuitant, Annuity Payments end or continue as follows.–  Annuity Option 1  or 3, payments end.–  Annuity Option 2 or 4, payments end when the guaranteed period expires.–  Annuity Option 5,  payments end and the Payee may receive a lump sum refund.·   If the deceased was an Annuitant and there is a surviving joint Annuitant, Annuity Payments to the Payee continue during the lifetime of the surviving joint Annuitant. No death benefit is payable. |

| UPON THE DEATH OF THE ANNUITANT DURING THE ANNUITY PHASE AND THERE IS A SURVIVING JOINT ANNUITANT                                                                                                                                                                                  |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   Only Annuity Options 3 and 4 allow joint Annuitants. Under Annuity Options 3 and 4, Annuity Payments to the Payee continue during the lifetime of the surviving joint Annuitant and, for Annuity Option 4, during any remaining guaranteed period of time. | ·   No death benefit is payable.·   If the deceased was a sole Owner, the Beneficiary becomes the Owner.·   If the deceased was a Joint Owner, the surviving Joint Owner becomes the sole Owner. |

----

|   |  PART C – OTHER INFORMATION |
|--------|----------------------------------------|

| a.**                                                                                                                                                                                                                                                                                  | Financial Statements (To be filed by amendment)                                                       |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------|
| The following financial statements of the Company are incorporated by reference as exhibit EX-99.A. from Post-Effective Amendment No. [  ] to Registrant’s Form N-4 (File Nos. 333-182987 and 811-05618) electronically filed on [     ].    |
| 1.                                                                                                                                                                                                                                                                                    | Report of Independent Registered Public Accounting Firm                                               |
| 2.                                                                                                                                                                                                                                                                                    | Consolidated Balance Sheets – December 31, 2014 and 2013                                        |
| 3.                                                                                                                                                                                                                                                                                    | Consolidated Statements of Operations – Years ended December 31, 2014, 2013, and 2012           |
| 4.                                                                                                                                                                                                                                                                                    | Consolidated Statements of Comprehensive Income – Years ended December 31, 2014, 2013, and 2012 |
| 5.                                                                                                                                                                                                                                                                                    | Consolidated Statements of Stockholder's Equity – Years ended December 31, 2014, 2013, and 2012 |
| 6.                                                                                                                                                                                                                                                                                    | Consolidated Statements of Cash Flows – Years ended December 31, 2014, 2013, and 2012           |
| 7.                                                                                                                                                                                                                                                                                    | Notes to Consolidated Financial Statements – December 31, 2014 and 2013                         |
| 8.                                                                                                                                                                                                                                                                                    | Supplemental Schedules:                                                                               |
|                                                                                                                                                                                                                                                                                  | –                                                                                               | Schedule I – Summary of Investments – Other than Investments in Related Parties |
|                                                                                                                                                                                                                                                                                  | –                                                                                               | Schedule II – Supplementary Insurance Information |
|                                                                                                                                                                                                                                                                                  | –                                                                                               | Schedule II – Supplementary Insurance Information-amended, incorporated by reference as exhibit EX-99.A.8. from Post-Effective Amendment No. 4 to Registrant’s Form N-4 (File Nos. 333-182987 and 811-05618) electronically filed on April 11, 2013. |
|                                                                                                                                                                                                                                                                                  | –                                                                                               | Schedule III – Reinsurance |
| The following financial statements of the Variable Account are incorporated by reference as exhibit EX-99.A. from Post-Effective Amendment No. [  ] to Registrant’s Form N-4 (File Nos. 333-182987 and 811-05618) electronically filed on [    ]. |
| 1.                                                                                                                                                                                                                                                                                    | Report of Independent Registered Public Accounting Firm                                               |
| 2.                                                                                                                                                                                                                                                                                    | Statements of Assets and Liabilities – December 31, 2014                                        |
| 3.                                                                                                                                                                                                                                                                                    | Statements of Operations – For the year ended December 31, 2014                                 |
| 4.                                                                                                                                                                                                                                                                                    | Statements of Changes in Net Assets – For the year ended December 31, 2014 and 2013             |
| 5.                                                                                                                                                                                                                                                                                    | Notes to the Financial Statements – December 31, 2014                                           |
| b.                                                                                                                                                                                                                                                                                    | Exhibits                                                                                              |
| 1.                                                                                                                                                                                                                                                                                    | a.                                                                                                    | Resolution of Board of Directors of the Company authorizing the establishment of the Separate Account, dated May 31, 1985 incorporated by reference as exhibit EX-99.B1. from Registrant's initial filing on Form N-4 (File Nos. 333-06709 and 811-05618), electronically filed on June 25, 1996. |
|                                                                                                                                                                                                                                                                                  | b.                                                                                                    | Resolution of Board of Directors of the Company authorizing registration of the Allianz Index Advantage annuity and establishment of a new separate account, dated December 11, 2012, incorporated by reference as exhibit EX-99.B1. from Registrant's initial filing on Form N-4 (File Nos. 333-185866 and 811-05618), electronically filed on January 3, 2013. |
| 2.                                                                                                                                                                                                                                                                                    | Not Applicable                                                                                        |
| 3.                                                                                                                                                                                                                                                                                    | a.                                                                                                    | Principal Underwriter Agreement by and between North American Life and Casualty Company on behalf of NALAC Financial Plans, Inc. dated September 14, 1988 incorporated by reference as exhibit EX-99.B3.a. from Pre-Effective Amendment No.1 to Registrant's Form N-4 (File Nos. 333-06709 and 811-05618), electronically filed on December 13, 1996.(North American Life and Casualty Company is the predecessor to Allianz Life Insurance Company of North America. NALAC Financial Plans, Inc., is the predecessor to USAllianz Investor Services, LLC, which is the predecessor to Allianz Life Financial Services, LLC.) |
|                                                                                                                                                                                                                                                                                  | b.                                                                                                    | Broker-Dealer Agreement (amended and restated) between Allianz Life Insurance Company of North America and Allianz Life Financial Services, LLC, dated June 1, 2010 incorporated by reference as exhibit EX-99B3b. from Pre-Effective Amendment No. 1 to Registrant's Form N-4 (File Nos. 333-166408 and 811-05618), electronically filed on September 24, 2010. |
|                                                                                                                                                                                                                                                                                  | c.                                                                                                    | The current specimen of the selling agreement between Allianz Life Financial Services, LLC, the principal underwriter for the Contracts, and retail brokers which offer and sell the Contracts to the public is incorporated by reference as exhibit EX-99.B3.b. from Registrant's initial filing on Form N-4 (File Nos. 333-134267 and 811-05618), electronically filed on May 19, 2006.The underwriter has executed versions of the agreement with approximately 2,100 retail brokers. |
| 4.                                                                                                                                                                                                                                                                                    | a.                                                                                                    | Individual Variable Annuity Contract-L40538 incorporated by reference as exhibit EX-99.B4.a. from Pre-Effective Amendment No. 1 to Registrant's Form N-4 (File Nos. 333-185866 and 811-05618), electronically filed on April 17, 2013. |
|                                                                                                                                                                                                                                                                                  | b.                                                                                                    | Contract Schedule Pages-S40875, S40876, S40877 incorporated by reference as exhibit EX-99.B4.b. from Pre-Effective Amendment No. 1 to Registrant's Form N-4 (File Nos. 333-185866 and 811-05618), electronically filed on April 17, 2013. |
|                                                                                                                                                                                                                                                                                  | c.*                                                                                                   | Contract Schedule Page-S40877-01 |
|                                                                                                                                                                                                                                                                                  | d.                                                                                                    | Index Performance Strategy Crediting Rider-S40878 incorporated by reference as exhibit EX-99.B4.c. from Pre-Effective Amendment No. 1 to Registrant's Form N-4 (File Nos. 333-185866 and 811-05618), electronically filed on April 17, 2013. |
|                                                                                                                                                                                                                                                                                  | e.                                                                                                    | Index Protection Strategy Crediting Rider-S40879 incorporated by reference as exhibit EX-99.B4.d. from Pre-Effective Amendment No. 1 to Registrant's Form N-4 (File Nos. 333-185866 and 811-05618), electronically filed on April 17, 2013. |
|                                                                                                                                                                                                                                                                                  | f.*                                                                                                   | Index Guard Strategy Rider-S40889 |
|                                                                                                                                                                                                                                                                                  | g.                                                                                                    | Traditional Death Benefit Rider-S40880 incorporated by reference as exhibit EX-99.B4.e. from Pre-Effective Amendment No. 1 to Registrant's Form N-4 (File Nos. 333-185866 and 811-05618), electronically filed on April 17, 2013. |
|                                                                                                                                                                                                                                                                                  | h.                                                                                                    | Inherited IRA/Roth IRA Endorsement-S40713 incorporated by reference as exhibit EX-99.B4.q. from Pre-Effective Amendment No. 1 to Registrant's Form N-4 (File Nos. 333-134267 and 811-05618), electronically filed on September 25, 2006. |
|                                                                                                                                                                                                                                                                                  | i.                                                                                                    | Roth IRA Endorsement-S40342 incorporated by reference as exhibit EX-99.B4.l. from Pre-Effective Amendment No. 1 to Registrant's Form N-4 (File Nos. 333-134267 and 811-05618), electronically filed on September 25, 2006. |
|                                                                                                                                                                                                                                                                                  | j.                                                                                                    | IRA Endorsement-S40014 incorporated by reference as exhibit EX-99.B4.g. from Pre-Effective Amendment No.1 to Registrant's Form N-4 (File Nos. 333-82329 and 811-05618), electronically filed on December 30, 1999. |
|                                                                                                                                                                                                                                                                                  | k.                                                                                                    | Unisex Endorsement-(S20146) incorporated by reference as exhibit EX-99.B4.h. from Pre-Effective Amendment No.1 to Registrant's Form N-4 (File Nos. 333-82329 and 811-05618), electronically filed on December 30, 1999. |
|                                                                                                                                                                                                                                                                                  | l.                                                                                                    | Pension Plan and Profit Sharing Plan Endorsement-S20205 incorporated by reference as exhibit EX-99.B4.i. from Pre-Effective Amendment No.1 to Registrant's Form N-4 (File Nos. 333-82329 and 811-05618), electronically filed on December 30, 1999. |
| 5.                                                                                                                                                                                                                                                                                    | a.                                                                                                    | Application for Ind. Var. Annuity Contract-F40538 incorporated by reference as exhibit EX-99.B5.a. from Pre-Effective Amendment No. 1 to Registrant's Form N-4 (File Nos. 333-185866 and 811-05618), electronically filed on April 17, 2013. |
| 6.                                                                                                                                                                                                                                                                                    | (i).                                                                                                  | The Restated Articles of Incorporation of the Company (as amended August 1, 2006) incorporated by reference as exhibit EX-99.B6.i. from Pre-Effective Amendment No. 1 to Registrant's Form N-4 (File Nos. 333-166408 and 811-05618), electronically filed on September 24, 2010. |
|                                                                                                                                                                                                                                                                                  | (ii).                                                                                                 | The Restated Bylaws of the Company (as amended August 1, 2006) incorporated by reference as exhibit EX-99.B6.ii. from Pre-Effective Amendment No. 1 to Registrant's Form N-4 (File Nos. 333-166408 and 811-05618), electronically filed on September 24, 2010. |
| 7.                                                                                                                                                                                                                                                                                    | Not Applicable                                                                                        |
| 9.**                                                                                                                                                                                                                                                                                  | Opinion and Consent of Counsel (To be filed by amendment)                                             |
| 10.**                                                                                                                                                                                                                                                                                 | Consent of Independent Registered Public Accounting Firm (To be filed by amendment)                   |
| 11.                                                                                                                                                                                                                                                                                   | Not Applicable                                                                                        |
| 12.                                                                                                                                                                                                                                                                                   | Not Applicable                                                                                        |
| 13.                                                                                                                                                                                                                                                                                   | a.                                                                                                    | Powers of Attorney, incorporated by reference as exhibit EX-99.B13.a.. from Registrant’s initial filing on Form N-4 (File Nos. 333-185866 and 811-05618), electronically filed on January 3, 2013. |
|                                                                                                                                                                                                                                                                                  | b.                                                                                                    | Powers of Attorney for Ronald M. Clark and David L. Conway, incorporated by reference as exhibit EX-99.B13.a.. from Registrant’s Post-Effective Amendment No. 1 on Form N-4 (File Nos. 333-185866 and 811-05618), electronically filed on January 10, 2014. |
|                                                                                                                                                                                                                                                                                  |                                                                                                  |
| *                                                                                                                                                                                                                                                                                     | Filed herewith                                                                                        |
| **                                                                                                                                                                                                                                                                                    | To be filied by amendment                                                                             |
|                                                                                                                                                                                                                                                                                  |                                                                                                  |

| Unless noted otherwise, all officers and directors have the following principal business address: |
|---------------------------------------------------------------------------------------------------|
| 5701 Golden Hills Drive                                                                           |
| Minneapolis, MN 55416-1297                                                                        |
| The following are the Officers and Directors of the Company:                                      |
|                                                                                              |
| Name and Principal Business Address                                                               | Positions and Offices with Depositor |
| Walter R. White                                                                                   | Director, President and Chief Executive Officer |
| Giulio Terzariol                                                                                  | Director, Senior Vice President and Chief Financial Officer |
| Thomas P. Burns                                                                                   | Senior Vice President, Chief Distribution Officer |
| Neil H. McKay                                                                                     | Senior Vice President, Chief Actuary |
| Gretchen Cepek                                                                                    | Senior Vice President, Secretary and General Counsel |
| Carsten Quitter                                                                                   | Senior Vice President, Chief Investment Officer |
| Cathy Mahone                                                                                      | Senior Vice President, Chief Administrative Officer |
| Nancy E. Jones                                                                                    | Senior Vice President, Chief Marketing Officer |
| Patrick L. Nelson                                                                                 | Vice President, Chief Suitability Officer |
| Nicole A. Scanlon                                                                                 | Vice President, Controller |
| Gary C. Bhojwani                                                                                  | Director and Chairman of the Board |
| Marna C. Whittington2959 Barley MillYorklyn, DE 19736                                             | Director |
| Ronald M. Clark14401 N. Giant Saquaro PlaceOro Valley, AZ 85755                                   | Director |
| David L. Conway1043 Thornberry Creek DriveOneida, WI 54155                                        | Director |

| The Bylaws of the Insurance Company provide:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ARTICLE XI. INDEMNIFICATION OF DIRECTORS, OFFICERS AND EMPLOYEES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| SECTION 1. RIGHT TO INDEMNIFICATION:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | Subject to the conditions of this Article and any conditions or limitations imposed by applicable law, the Corporation shall indemnify any employee, director or officer of the Corporation (an "Indemnified Person") who was, is, or in the sole opinion of the Corporation, may reasonably become a party to or otherwise involved in any Proceeding by reason of the fact that such Indemnified Person is or was: |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | (i) | a director of the Corporation; or |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | (ii) | acting in the course and scope of his or her duties as an officer or employee of the Corporation; or |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | (iii) | rendering Professional Services at the request of and for the benefit of the Corporation; or |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | (iv) | serving at the request of the Corporation as an officer, director, fiduciary or member of another corporation, association, committee, partnership, joint venture, trust, employee benefit plan or other enterprise (an "Outside Organization"). |
| (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | Notwithstanding the foregoing, no officer, director or employee shall be indemnified pursuant to these bylaws under the following circumstances: |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | (i) | in connection with a Proceeding initiated by such person, in his or her own personal capacity, unless such initiation was authorized by the Board of Directors; |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | (ii) | if a court of competent jurisdiction finally determines that any indemnification hereunder is unlawful; |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | (iii) | for acts or omissions involving intentional misconduct or knowing and culpable violation of law; |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | (iv) | for acts or omissions that the Indemnified Person believes to be contrary to the best interests of the Corporation or its shareholders or that involve the absence of good faith on the part of the Indemnified Person; |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | (v) | for any transaction for which the Indemnified Person derived an improper personal benefit; |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | (vi) | for acts or omissions that show a reckless disregard for the Indemnified Person's duty to the Corporation or its shareholders in circumstances in which the Indemnified Person was aware or should have been aware, in the ordinary course of performing the Indemnified Person's duties, of the risk of serious injury to the Corporation or its shareholders; |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | (vii) | for acts or omissions that constitute an unexcused pattern of inattention that amounts to an abdication of the Indemnified Person's duties to the Corporation or its shareholders; |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | (viii) | in circumstances where indemnification is prohibited by applicable law; |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | (ix) | in the case of service as an officer, director, fiduciary or member of an Outside Organization, where the Indemnified Person was aware or should have been aware that the conduct in question was outside the scope of the assignment as contemplated by the Corporation. |
| SECTION 2. SCOPE OF INDEMNIFICATION:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | Indemnification provided pursuant to Section 1(a)(iv) shall be secondary and subordinate to indemnification or insurance provided to an Indemnified Person by an Outside Organization or other source, if any. |
| (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | Indemnification shall apply to all reasonable expenses, liability and losses, actually incurred or suffered by an Indemnified Person in connection with a Proceeding, including without limitation, attorneys' fees and any expenses of establishing a right to indemnification or advancement under this article, judgments, fines, ERISA excise taxes or penalties, amounts paid or to be paid in settlement and all interest, assessments and other charges paid or payable in connection with or in respect of such expense, liability and loss. |
| (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | Such indemnification shall continue as to any Indemnified Person who has ceased to be an employee, director or officer of the Corporation and shall inure to the benefit of his or her heirs, estate, executors and administrators. |
| SECTION 3. DEFINITIONS:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | "Corporation" for the purpose of Article XI shall mean Allianz Life Insurance Company of North America and all of its subsidiaries. |
| (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | "Proceeding" shall mean any threatened, pending, or completed action, suit or proceeding whether civil, criminal, administrative, investigative or otherwise, including actions by or in the right of the Corporation to procure a judgment in its favor. |
| (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | "Professional Services" shall mean services rendered pursuant to (i) a professional actuarial designation, (ii) a license to engage in the practice of law issued by a State Bar Institution or (iii) a Certified Public Accountant designation issued by the American Institute of Certified Public Accountants. |
| Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted for directors and officers or controlling persons of the Insurance Company pursuant to the foregoing, or otherwise, the Insurance Company has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Insurance Company of expenses incurred or paid by a director, officer or controlling person of the Insurance Company in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Company will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue. |

| Allianz Life Financial Services, LLC (previously USAllianz Investor Services, LLC) is the principal underwriter for the Contracts. It also is the principal underwriter for:                                                                                                                                                                                                                             |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Allianz Life Variable Account A                                                                                                                                                                                                                                                                                                                                                                          |
| Allianz Life of NY Variable Account C                                                                                                                                                                                                                                                                                                                                                                    |
| Allianz Funds                                                                                                                                                                                                                                                                                                                                                                                            |
| The following are the officers (managers) and directors (Board of Governors) of Allianz Life Financial Services, LLC. All officers and directors have the following principal business address:                                                                                                                                                                                                          |
| 5701 Golden Hills Drive                                                                                                                                                                                                                                                                                                                                                                                  |
| Minneapolis, MN 55416-1297                                                                                                                                                                                                                                                                                                                                                                               |
|                                                                                                                                                                                                                                                                                                                                                                                                     |
| Name                                                                                                                                                                                                                                                                                                                                                                                                     | Positions and Offices with Underwriter |
| Robert DeChellis                                                                                                                                                                                                                                                                                                                                                                                         | Governor, Chief Executive Officer and President |
| Thomas Burns                                                                                                                                                                                                                                                                                                                                                                                             | Governor |
| Catherine A. Mahone                                                                                                                                                                                                                                                                                                                                                                                      | Governor |
| Giulio Terzariol                                                                                                                                                                                                                                                                                                                                                                                         | Governor |
| Kristine Starkman                                                                                                                                                                                                                                                                                                                                                                                        | Chief Compliance Officer |
| Jasmine Jirele                                                                                                                                                                                                                                                                                                                                                                                           | Chief Operating Officer and Senior Vice President |
| Angie Forsman                                                                                                                                                                                                                                                                                                                                                                                            | Vice President, Chief Financial Officer |
| Robert Densmore                                                                                                                                                                                                                                                                                                                                                                                          | Senior Vice President |
| Corey Walther                                                                                                                                                                                                                                                                                                                                                                                            | Senior Vice President |
| Michael Brandriet                                                                                                                                                                                                                                                                                                                                                                                        | Senior Vice President |
| Jennifer Sosniecki                                                                                                                                                                                                                                                                                                                                                                                       | Money Laundering Prevention Officer |
| Michael G. Brennan                                                                                                                                                                                                                                                                                                                                                                                       | Vice President, Compliance |
| Steve Miller                                                                                                                                                                                                                                                                                                                                                                                             | Assistant Vice President |
| Theodore C. Cadwell, Jr.                                                                                                                                                                                                                                                                                                                                                                                 | Secretary |
| Tracy M. Hardy                                                                                                                                                                                                                                                                                                                                                                                           | Assistant Secretary |
|                                                                                                                                                                                                                                                                                                                                                                                                     |   |
| For the period 1-1-2014 to 12-31-2014 (To be updated by amendment)                                                                                                                                                                                                                                                                                                                                       |
| Name of Principal Underwriter                                                                                                                                                                                                                                                                                                                                                                            | Net Underwriting Discounts and Commissions | Compensation on Redemption | Brokerage Commissions | Compensation |
| Allianz Life Financial Services, LLC                                                                                                                                                                                                                                                                                                                                                                     | $[  ] | $0 | $0 | $0 |
| The $[  ] that Allianz Life Financial Services, LLC received from Allianz Life as commissions on the sale of Contracts issued under Allianz Life Variable Account B was subsequently paid entirely to the third party broker/dealers that perform the retail distribution of the Contracts and, therefore, no commission or compensation was retained by Allianz Life Financial Services, LLC. |

| a. | Registrant hereby undertakes to file a post-effective amendment to this registration statement as frequently as is necessary to ensure that the audited financial statements in the registration statement are never more than sixteen (16) months old for so long as payment under the variable annuity contracts may be accepted. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b. | Registrant hereby undertakes to include either (1) as part of any application to purchase a contract offered by the prospectus, a space that an applicant can check to request a Statement of Additional Information, or (2) a postcard or similar written communication affixed to or included in the prospectus that the applicant can remove to send for a Statement of Additional Information. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c. | Registrant hereby undertakes to deliver any Statement of Additional Information and any financial statements required to be made available under this Form promptly upon written or oral request. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Signature             | Title                                                       |
|-----------------------|-------------------------------------------------------------|
| Gary C. Bhojwani*     | Director and Chairman of the Board                          |
| Walter R. White*      | Director, President & Chief Executive Officer           |
| Giulio Terzariol*     | Director, Senior Vice President and Chief Financial Officer |
| Marna C. Whittington* | Director                                                    |
| Ronald M. Clark**     | Director                                                    |
| David L. Conway**     | Director                                                    |

| * | By Power of Attorney incorporated by reference as exhibit EX-99.B13.a. from Registrant's initial filing on Form N-4 (File Nos. 333-185866 and 811-05618), electronically filed on January 3, 2013. |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ** | By Power of Attorney incorporated by reference as exhibit EX-99.B13.a. from Registrant’s Post-Effective Amendment No. 1 on Form N-4 (File Nos. 333-185866 and 811-05618), electronically filed on January 10, 2014. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| INDEX TO EXHIBITS |
|-------------------|
| EX-99.B4.c.       | Contract Schedule Page-S40877-01 |
| EX-99.B4.f.       | Index Guard Strategy Rider-S40889 |
| EX-99.B9.         | Opinion and Consent of Counsel  (To be filed by amendment) |
| EX-99.B10.        | Consent of Independent Registered Public Accounting Firm (To be filed by amendment) |

----