Allianz Life Launches New Variable Annuity Through Wells Fargo Advisors' Asset Advisor Program

Product Provides Options for Flexible Protection, Lower Cost Allocations, and Income Potential

MINNEAPOLIS--(BUSINESS WIRE)--Allianz Life Insurance Company of North America (Allianz Life^®), announced that the Allianz Retirement Advantage^SM Variable Annuity is now available within Wells Fargo Advisors’ Asset Advisor Program. Designed exclusively for professionals working within the growing advisory services market, the product is a cost-effective retirement solution that provides opportunities for tax-deferred growth potential or guaranteed lifetime income.

“We believe Allianz Retirement Advantage is a powerful addition to Wells Fargo Advisors’ offerings and appreciate the opportunity to work with them on providing their clients with innovative retirement solutions”

“There is an increasing need for long-term retirement products that are flexible and offer low-cost allocation options,” said Robert DeChellis, president of Allianz Life Financial Services, LLC. “We designed this product to cater to those needs by allowing people to easily transfer their money between accounts as their goals change. Our customers can invest for performance or protection as they see fit.”

Allianz Retirement Advantage offers account choices with varying levels of protection, guarantees, and investment options to complement a retirement portfolio, each with its own cost. The annuity provides clients working with a financial advisor at Wells Fargo Advisors new opportunities to add a level of protection to their portfolio that’s specifically designed for flexibility, legacy preservation, and lifetime income.

“We believe Allianz Retirement Advantage is a powerful addition to Wells Fargo Advisors’ offerings and appreciate the opportunity to work with them on providing their clients with innovative retirement solutions,” added DeChellis.

Variable annuities are subject to investment risk, including possible loss of principal. Investment returns and principal value will fluctuate with market conditions so that units, upon distribution, may be worth more or less than the original cost. For more information about Allianz Life, visit: www.allianzlife.com.

For more complete information about Allianz Life variable annuities and variable investment options, call Allianz Financial Services, LLC, at 800.542.5427 for a prospectus. The prospectuses contain details on investment objectives, risks, fees, and expenses, as well as other information about the variable annuity and the variable investment options, which your clients should carefully consider. Encourage your clients to read the prospectuses thoroughly before sending money.

The Asset Advisor program offered by Wells Fargo Advisors is not designed for excessively traded or inactive accounts, and may not be suitable for all investors. The minimum account size for this program is $75,000.

Allianz Life Insurance Company of North America and Allianz Life Financial Services, LLC are not affiliated with Wells Fargo Advisors. All contract and rider guarantees, including optional benefits and annuity payout rates, are backed by the claims-paying ability of Allianz Life. They are not backed by the broker/dealer from which this annuity is purchased, by the insurance agency from which this annuity is purchased, or any affiliates of those entities and none makes any representations or guarantees regarding the claims-paying ability of Allianz Life. Guarantees do not apply to the performance of the variable subaccounts, which will fluctuate with market conditions.

Not FDIC insured. May lose value. No bank or credit union guarantee. Not a deposit. Not insured by a federal government agency or NCUA/NCUSIF.

The Allianz Retirement Advantage^SM Variable Annuity is issued by Allianz Life Insurance Company of North America (Contract #L40537), 5701 Golden Hills Drive, Minneapolis, MN 55416-1297 and distributed by its affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. 800.542.5427, www.allianzlife.com.

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

About Allianz Life

Allianz Life, one of FORTUNE’s 100 Best Companies to Work For in 2012, has been keeping its promises since 1896. Today, it carries on that tradition, helping Americans achieve their retirement income and protection goals with a variety of annuities and life insurance products. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with 142,000 employees worldwide. More than 78 million private and corporate customers rely on Allianz knowledge, global reach, and capital strength to help them make the most of financial opportunities.

Allianz Life Insurance Company of North America offers insurance and annuities in all states except New York, where it is not authorized to do so. In New York, products are issued by Allianz Life Insurance Company of New York.