EXECUTIVE MESSAGE

Dear FMO principals and marketers: When you think of leaders in the financial world, few can argue with the name PIMCO. PIMCO is home to the largest bond fund in America and is recognized as an industry-leading fixed-income manager. They also join us as part of the Allianz SE family in North America. Recently we have been exploring opportunities to leverage the strength and expertise of our sister companies here in the U.S. That's why I'm excited to announce that there's a new choice for the course ahead. Allianz and PIMCO have joined forces to bring a new, exclusive bond index allocation to Allianz Pro V1^SM Annuity. Now your producers can offer the PIMCO US Advantage Index in addition to the Barclays Capital U.S. Aggregate Bond Index. This means that clients have the choice to allocate to indexes created by two of the most recognized names in the bond industry. Plus, PIMCO US Advantage is an Allianz exclusive. This opportunity is not available on any other FIA in the industry. I invite you to become familiar with this exclusive new index allocation by reviewing the attached support materials. And please feel free to contact your regional vice president for any additional information. Thank you for your business and your continued support. Regards, Eric For more information, call the FASTeam at 800.950.7372 (press 1 for Sales Support, then 1 for Annuities). Please note: Allianz Pro V1 premium does not qualify for Producer Perks.

Allianz Pro V1 Downloads Product profile (508K PDF) Consumer brochure (908K PDF) FMO Library (848K PDF) Business Rules (280K PDF)

Annuities are long-term products designed for retirement planning.

The PIMCO US Advantage Index is a comprehensive U.S. bond market index, offering exposure to interest rate swaps, inflation-protected securities, investment-grade corporate bonds, and securitized instruments such as mortgage-backed securities. The PIMCO US Advantage Index^SM (the “Index”) is a trademark of Pacific Investment Management Company LLC (“PIMCO”) and has been licensed for use by Allianz Life Insurance Company of North America (Allianz Life) in connection with the annuity. The Index is the exclusive property of PIMCO and is made and compiled without regard to the needs, including, but not limited to, the suitability needs, of Allianz Life, the annuity, or owners of the annuity.

The annuity is not sold, sponsored, endorsed or promoted by PIMCO or any other party involved in, or related to, making or compiling the Index. PIMCO does not provide investment advice to Allianz Life with respect to the annuity or to owners of the annuity. Neither PIMCO nor any other party involved in, or related to, making or compiling the Index has any obligation to continue to provide the Index to Allianz Life with respect to the annuity. Neither PIMCO nor any other party involved in, or related to, making or compiling the Index makes any representation regarding the Index, Index information, performance, annuities generally or the annuity particularly.

PIMCO disclaims all warranties, express or implied, including all warranties of merchantability or fitness for a particular purpose or use. PIMCO shall have no responsibility or liability whatsoever with respect to the annuity.

Allianz Life Insurance Company of North America and PIMCO are subsidiaries of Allianz SE.

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

Product and feature availability may vary by state.

Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America.

Products are issued by:
Allianz Life Insurance Company of North America
5701 Golden Hills Drive, Minneapolis, MN 55416-1297.
800.950.7372
www.allianzlife.com

For field marketing organization use only – not for use with the public.
Product and feature availability may vary by state.

EFIX-1628-FMO

C53520 (4/2010)