Allianz Life Pro+ Elite Fixed Index Universal Life ... · Allianz Life Pro+ EliteSM Fixed Index Universal Life Insurance Policy supplemental illustration This is a supplemental illustration

Allianz Life Pro+ EliteSM Fixed Index Universal Life Insurance Policy supplementalillustrationThis is a supplemental illustration (that must be accompanied by the full product illustration) meant to summarize yourassumptions, policy values, and index allocation choices. Refer to the illustration ledger of guaranteed values within the fullproduct illustration for the policy’s guaranteed elements and other important information.

POLICY DESIGN ASSUMPTIONS

Valued ClientMale, age 28

Preferred NontobaccoCURRENT RATE ASSUMPTION

6.86% Years 1 - 92

1Policy loans and surrenders will reduce the available cash value and death benefit, and may cause the policy to lapse, or affect guaranteesagainst lapse. Additional premium payments may be required to keep the policy in force. In the event of a lapse, outstanding policy loans inexcess of unrecovered cost basis will be subject to ordinary income tax. Tax laws are subject to change and you should consult your taxprofessional.

PREMIUMInitial planned premium

$60,000.00 (years 1-12)Total premium paid

$720,0001035 Exchange and Lump

Sum $0

INCOME-TAX-FREE DEATH BENEFIT

INTEREST RATE 6.86% 6.00% 5.00%INITIAL DEATH BENEFIT $2,476,044 $2,476,044 $2,476,044

NET DEATH BENEFIT (AGE 40) $3,477,741 $3,416,338 $3,350,135

NET DEATH BENEFIT (AGE 100) $16,265,544 $12,879,673 $1,640,957

CASH VALUE ACCUMULATION AGE 40

POTENTIAL CASH VALUE $994,219 $932,816 $866,614

TAX-FREE ACCESS TO CASH VALUE THROUGH POLICY LOANS1

ANNUAL POLICY LOAN/SURRENDERS $100,598 $88,427 $55,113

TOTAL POLICY LOANS/SURRENDERS $8,047,840 $7,074,160 $4,409,040

Policy design assumptions

INSURED: Valued Client INITIAL DEATH BENEFIT: $2,476,044.00Male, Age 28, Preferred Nontobacco Death Benefit Options: B (Increasing) to A (Level), beginning of policy year 13

LOAN SOLVE METHOD :Years 13-Maturity; 100% indexed loans/0% fixed loans; the indexed loan portion will receive an interest credit equal to the lesser of theillustrated rate or 6%.

Current interest rate assumptions6.86% Years 1-92In addition to the current illustrated rates above, values for 6% and 5% (in all years) have been calculated for purposes of comparing and to illustrate howthe product could react to varying interest rates. All current interest rate assumptions are not guaranteed.

This supplemental illustration is not an offer, contract, or promise of future policy performance. Actual policy values may be more or less favorable than thenonguaranteed values shown. Coverage is subject to the terms and conditions of the policy. The assumptions on which this supplemental illustration is based aresubject to change on an annual basis. This supplemental illustration is not valid without both pages(2) and must be accompanied by the full product illustration.

M-7006 (2/2018) Page 1 of 3

Allianz Life Pro+ EliteSM Fixed Index Universal Life Insurance Policy supplementalillustration continuedThis is a supplemental illustration (that must be accompanied by the full product illustration) meant to summarize yourassumptions, policy values, and index allocation choices. Refer to the illustration ledger of guaranteed values within the fullproduct illustration for the policy’s guaranteed elements and other important information.

Current caps1, participation rates1, and the allocations selected

ALLOCATIONSThis policy allows you to choose among multiple indexed allocations and one fixed allocations.

BONUSED INDEX ALLOCATIONS PARTICIPATION CAPYOUR ILLUSTRATED

ALLOCATIONS

S&P 500® Index annual point-to-point 100% 9.50% n/a

S&P 500® Index monthly sum 100% 2.90% n/a

S&P 500® Index trigger method n/a 6.25% n/a

Blended Index annual point-to-point 100% 16.00% 34%

Blended Index monthly average 145.00% n/a n/a

Bloomberg US Dynamic Balance II ER Index annual point-to-point 160.00% n/a 33%

Bloomberg US Dynamic Balance Index II annual point-to-pointwith par rate 115.00% n/a n/a

Allianz True BalanceSM annual sum 200% 5.00% n/a

PIMCO Tactical Balanced ER Index annual point-to-point 160.00% n/a 33%

PIMCO Tactical Balanced Index annual point-to-point 115.00% n/a n/a

STANDARD INDEX ALLOCATIONS PARTICIPATION CAPYOUR ILLUSTRATED

ALLOCATIONS

S&P 500® Index annual point-to-point 100% 11.75% n/a

S&P 500® Index monthly sum 100% 4.10% n/a

Blended Index annual point-to-point 100% 20.00% n/a

Allianz True BalanceSM annual sum 200% 6.00% n/a

Fixed allocation2 n/a 4.75% n/a

1Caps and participation rates could be subject to change on any policy anniversary. See the attached full product illustration for cap andparticipation rate information, including guaranteed rates. Caps, participation rates and Trigger Interest Rates are subject to change on anypolicy anniversary. Please refer to the full product illustration for important index disclosures and additional information about creditingmethods.

2See the attached full product illustration for the current fixed interest rate.


M-7006 (2/2018) Page 2 of 3

Allianz Life Pro+ EliteSM Fixed Index Universal Life Insurance Policy supplementalillustration continuedThis is a supplemental illustration (that must be accompanied by the full product illustration) meant to summarize yourassumptions, policy values, and index allocation choices. Refer to the illustration ledger of guaranteed values within the fullproduct illustration for the policy’s guaranteed elements and other important information.

Index historical performanceThe below tables show hypothetical historical averages for each index allocation, assuming the product and index allocation existed overthe respective time periods shown, using current caps and participation rates, measured over the most recent calendar year periods. Themaximum allowable illustrated rate for each index is the lesser of the 25-year historical average or 6.86%. Different time periods anddifferent indexes will produce higher or lower averages, and actual credited rates will vary from year to year. Past performance is not aprediction of future results.

HISTORICAL INDEX AVERAGESBonused index allocations

S&P 500®Index

annualpoint-to-

point

S&P 500®Index

triggermethod

S&P 500®Index

monthlysum

BloombergUS

DynamicBalanceIndex IIannual

point-to-point with

par rate

BloombergUS

DynamicBalance IIER Indexannual

point-to-point

BlendedIndex

annualpoint-to-

point

BlendedIndex

monthlyaverage

AllianzTrue

BalanceSMannual

sum

PIMCOTactical

BalancedIndex

annualpoint-to-

point

PIMCOTactical

BalancedER Indexannual

point-to-point

10 YEAR 6.56% 4.34% 5.82% 6.85% 9.63% 7.19% 4.42% 5.71% 7.01% 9.65%

15 YEAR 6.66% 4.97% 6.22% n/a n/a 7.74% 4.67% n/a n/a n/a

20 YEAR 5.91% 4.34% 5.22% n/a n/a 7.32% 4.68% n/a n/a n/a

25 YEAR 6.14% 4.46% 6.21% 6.93% 8.47% 8.36% 6.12% 6.19% 6.95% 8.39%

The historical Interest rates shown do not include the 15% guaranteed interest bonus. The 15% interest bonus would be applied on interestcredited beginning in policy year 1.

Standard index allocations

S&P 500® Index annualpoint-to-point

S&P 500® Index monthlysum

Blended Index annual point-to-point

Allianz True BalanceSMannual sum

10 YEAR 7.84% 8.03% 7.19% 6.69%

15 YEAR 7.80% 8.35% 7.86% n/a

20 YEAR 6.98% 7.53% 7.59% n/a

25 YEAR 7.25% 8.66% 8.95% 7.10%


M-7006 (2/2018) Page 3 of 3

Allianz Life Pro+ EliteSM Fixed Index Universal Life Insurance Supplemental Illustration SUPPLEMENTAL ILLUSTRATION

Supplemental IllustrationThis is a supplemental illustration that must be accompanied by the full productillustration. Refer to the illustration ledger of guaranteed values within the fullproduct illustration for the policy’s guaranteed elements and other importantinformation. Illustrated loans are shown as 100% indexed and/or 0% fixed loans.Using the assumptions shown in the table at the right and the premium and policybenefits specified in this illustration, this policy will mature in year 92.

Supplemental Illustration AssumptionsIndexed interest rates* Policy years

6.86% (nonguaranteed) 1-MaturityPolicy charges Policy years

Current (nonguaranteed) All policy years*If indexed loans are present in this illustration, theloaned portion will receive an indexed interest creditequal to the lesser of the illustrated rate or the loancharge (currently 5.00%) plus 1%.

Alternate Scenario Current Scenario

Age

End ofpolicyyear

Premiumoutlay

Netdistributions

Accumulationvalue

Cashvalue

Deathbenefit

Accumulationvalue

Cashvalue

Deathbenefit

29 1 $60,000.00 $0 $52,190 $5,071 $2,528,234 $52,856 $5,737 $2,528,90030 2 $60,000.00 $0 $107,231 $60,434 $2,583,275 $109,882 $63,085 $2,585,92631 3 $60,000.00 $0 $165,278 $118,828 $2,641,322 $171,407 $124,957 $2,647,45132 4 $60,000.00 $0 $226,497 $180,393 $2,702,541 $237,786 $191,682 $2,713,83033 5 $60,000.00 $0 $291,059 $245,327 $2,767,103 $309,401 $263,668 $2,785,44534 6 $60,000.00 $0 $359,125 $313,764 $2,835,169 $386,643 $341,282 $2,862,68735 7 $60,000.00 $0 $430,864 $385,899 $2,906,908 $469,932 $424,967 $2,945,97636 8 $60,000.00 $0 $506,406 $468,943 $2,982,450 $559,675 $522,212 $3,035,71937 9 $60,000.00 $0 $585,960 $556,000 $3,062,004 $656,381 $626,421 $3,132,42538 10 $60,000.00 $0 $672,170 $649,687 $3,148,214 $763,057 $740,574 $3,239,101

$600,000.00 $039 11 $60,000.00 $0 $762,882 $747,902 $3,238,926 $877,938 $862,958 $3,353,98240 12 $60,000.00 $0 $858,365 $850,887 $3,334,409 $1,001,697 $994,219 $3,477,74141 13 $0.00 $100,598 $902,451 $796,823 $2,674,187 $1,077,043 $971,415 $2,674,18742 14 $0.00 $100,598 $948,780 $732,243 $2,563,278 $1,157,135 $940,597 $2,595,30043 15 $0.00 $100,598 $997,438 $664,446 $2,446,823 $1,242,273 $909,281 $2,598,77344 16 $0.00 $100,598 $1,048,607 $593,338 $2,324,546 $1,332,750 $877,480 $2,596,72745 17 $0.00 $100,598 $1,102,622 $518,961 $2,196,154 $1,429,012 $845,351 $2,588,74546 18 $0.00 $100,598 $1,159,598 $441,126 $2,061,343 $1,531,415 $812,944 $2,574,07147 19 $0.00 $100,598 $1,219,650 $359,627 $1,919,792 $1,640,298 $780,275 $2,568,20048 20 $0.00 $100,598 $1,283,011 $274,359 $1,771,163 $1,756,162 $747,510 $2,556,356

$720,000.00 $804,78449 21 $0.00 $100,598 $1,349,867 $185,154 $1,615,102 $1,879,485 $714,772 $2,537,87250 22 $0.00 $100,598 $1,420,492 $91,916 $1,451,239 $2,010,875 $682,298 $2,512,19451 23 $0.00 $100,598 $0 $0 $0 $2,150,930 $650,297 $2,478,58852 24 $0.00 $100,598 $0 $0 $0 $2,300,316 $619,023 $2,413,26953 25 $0.00 $100,598 $0 $0 $0 $2,459,460 $588,475 $2,334,69154 26 $0.00 $100,598 $0 $0 $0 $2,628,844 $558,682 $2,241,14355 27 $0.00 $100,598 $0 $0 $0 $2,809,400 $530,101 $2,131,45956 28 $0.00 $100,598 $0 $0 $0 $3,001,944 $503,053 $2,004,02557 29 $0.00 $100,598 $0 $0 $0 $3,207,103 $477,639 $1,952,90658 30 $0.00 $100,598 $0 $0 $0 $3,425,760 $454,195 $1,893,014

$720,000.00 $1,810,764

Prepared For: Valued Client, Male, 28, Preferred NontobaccoAgent Information: Scott SchwartzIssued In: Kansas; November 28, 2018; 02:42

Initial Death Benefit: $2,476,044.00, B (Increasing) , DBO Switch:GMRiders: LPR, CIABRAllocations: SP/MS: 0%; SPB/MS: 0%; TB: 0%; TBB: 0%; SP/AP: 0%;SPB/AP: 0%; B/AP: 0%; BB/AP: 34%; SPB/TM: 0%; BB/MA: 0%;BUDBI IIB/AP: 0%; PIMCOB/AP: 0%; BUDBIIIER/AP: 33%;PIMCOBER/AP: 33%; Fixed: 0%MLIF-1160, Ver5.3.48.34 Rev 01/18

MP: $18,253.407P: $64,871.43T: $18,253.40

GS: $219,328.56GA: $60,000.01PM: $5,000.00

Page 1 of 4

This supplemental illustration is not an offer, contract, or promise of future policy performance. Actual policy values may be more or less favorable than thenonguaranteed values shown. Coverage is subject to the terms and conditions of the policy. The assumptions on which this supplemental illustration is based aresubject to change on an annual basis. This supplemental illustration is not valid without all 7 pages and must be accompanied by the full product illustration.


Supplemental Illustration continuedThis is a supplemental illustration that must be accompanied by the full productillustration. Refer to the illustration ledger of guaranteed values within the fullproduct illustration for the policy’s guaranteed elements and other importantinformation. Illustrated loans are shown as 100% indexed and/or 0% fixed loans.Using the assumptions shown in the table at the right and the premium and policybenefits specified in this illustration, this policy will mature in year 92.





Age

End ofpolicyyear

Premiumoutlay

Netdistributions

Accumulationvalue

Cashvalue

Deathbenefit

Accumulationvalue

Cashvalue

Deathbenefit

59 31 $0.00 $100,598 $0 $0 $0 $3,658,892 $433,121 $1,823,50060 32 $0.00 $100,598 $0 $0 $0 $3,907,554 $414,867 $1,743,43561 33 $0.00 $100,598 $0 $0 $0 $4,172,895 $399,946 $1,651,81462 34 $0.00 $100,598 $0 $0 $0 $4,455,755 $388,530 $1,636,14263 35 $0.00 $100,598 $0 $0 $0 $4,757,341 $381,127 $1,618,03664 36 $0.00 $100,598 $0 $0 $0 $5,078,963 $378,310 $1,597,26165 37 $0.00 $100,598 $0 $0 $0 $5,422,013 $380,700 $1,573,54366 38 $0.00 $100,598 $0 $0 $0 $5,788,020 $389,014 $1,546,61867 39 $0.00 $100,598 $0 $0 $0 $6,178,168 $403,583 $1,577,43568 40 $0.00 $100,598 $0 $0 $0 $6,594,081 $425,139 $1,612,073

$720,000.00 $2,816,74469 41 $0.00 $100,598 $0 $0 $0 $7,037,466 $454,448 $1,650,81870 42 $0.00 $100,598 $0 $0 $0 $7,510,201 $492,405 $1,694,03771 43 $0.00 $100,598 $0 $0 $0 $8,014,269 $539,955 $1,742,09672 44 $0.00 $100,598 $0 $0 $0 $8,552,990 $599,333 $1,711,22273 45 $0.00 $100,598 $0 $0 $0 $9,129,189 $672,221 $1,676,43274 46 $0.00 $100,598 $0 $0 $0 $9,746,047 $760,603 $1,637,74775 47 $0.00 $100,598 $0 $0 $0 $10,407,171 $866,827 $1,595,32976 48 $0.00 $100,598 $0 $0 $0 $11,116,703 $993,713 $1,549,54877 49 $0.00 $100,598 $0 $0 $0 $11,874,002 $1,139,235 $1,732,93578 50 $0.00 $100,598 $0 $0 $0 $12,682,142 $1,305,009 $1,939,116

$720,000.00 $3,822,72479 51 $0.00 $100,598 $0 $0 $0 $13,544,332 $1,492,714 $2,169,93180 52 $0.00 $100,598 $0 $0 $0 $14,463,961 $1,704,135 $2,427,33381 53 $0.00 $100,598 $0 $0 $0 $15,444,494 $1,941,048 $2,713,27382 54 $0.00 $100,598 $0 $0 $0 $16,489,216 $2,204,971 $3,029,43183 55 $0.00 $100,598 $0 $0 $0 $17,601,779 $2,497,693 $3,377,78284 56 $0.00 $100,598 $0 $0 $0 $18,785,881 $2,820,962 $3,760,25685 57 $0.00 $100,598 $0 $0 $0 $20,044,979 $3,176,187 $4,178,43686 58 $0.00 $100,598 $0 $0 $0 $21,382,345 $3,564,486 $4,633,60387 59 $0.00 $100,598 $0 $0 $0 $22,801,547 $3,987,166 $5,127,24488 60 $0.00 $100,598 $0 $0 $0 $24,305,628 $4,444,901 $5,660,182

$720,000.00 $4,828,704



MP: $18,253.407P: $64,871.43T: $18,253.40

GS: $219,328.56GA: $60,000.01PM: $5,000.00

Page 2 of 4








Age

End ofpolicyyear

Premiumoutlay

Netdistributions

Accumulationvalue

Cashvalue

Deathbenefit

Accumulationvalue

Cashvalue

Deathbenefit

89 61 $0.00 $100,598 $0 $0 $0 $25,896,912 $4,937,521 $6,232,36690 62 $0.00 $100,598 $0 $0 $0 $27,577,732 $5,464,742 $6,843,62991 63 $0.00 $100,598 $0 $0 $0 $29,349,625 $6,025,358 $7,492,83992 64 $0.00 $100,598 $0 $0 $0 $31,255,018 $6,658,910 $7,909,11193 65 $0.00 $100,598 $0 $0 $0 $33,314,392 $7,382,851 $8,382,28394 66 $0.00 $100,598 $0 $0 $0 $35,553,499 $8,219,753 $8,930,82395 67 $0.00 $100,598 $0 $0 $0 $38,003,888 $9,197,827 $9,577,86696 68 $0.00 $100,598 $0 $0 $0 $40,701,740 $10,349,747 $10,349,74797 69 $0.00 $100,598 $0 $0 $0 $43,596,371 $11,621,151 $11,621,15198 70 $0.00 $100,598 $0 $0 $0 $46,702,504 $13,022,895 $13,022,895

$720,000.00 $5,834,68499 71 $0.00 $100,598 $0 $0 $0 $50,035,980 $14,566,763 $14,566,763

100 72 $0.00 $100,598 $0 $0 $0 $53,613,849 $16,265,544 $16,265,544101 73 $0.00 $100,598 $0 $0 $0 $57,454,464 $18,133,115 $18,133,115102 74 $0.00 $100,598 $0 $0 $0 $61,577,576 $20,184,532 $20,184,532103 75 $0.00 $100,598 $0 $0 $0 $66,004,446 $22,436,122 $22,436,122104 76 $0.00 $100,598 $0 $0 $0 $70,757,963 $24,905,595 $24,905,595105 77 $0.00 $100,598 $0 $0 $0 $75,862,766 $27,612,152 $27,612,152106 78 $0.00 $100,598 $0 $0 $0 $81,345,383 $30,576,610 $30,576,610107 79 $0.00 $100,598 $0 $0 $0 $87,234,373 $33,821,533 $33,821,533108 80 $0.00 $100,598 $0 $0 $0 $93,560,489 $37,371,379 $37,371,379

$720,000.00 $6,840,664109 81 $0.00 $100,598 $0 $0 $0 $100,356,842 $41,252,648 $41,252,648110 82 $0.00 $100,598 $0 $0 $0 $107,659,087 $45,494,056 $45,494,056111 83 $0.00 $100,598 $0 $0 $0 $115,505,621 $50,126,711 $50,126,711112 84 $0.00 $100,598 $0 $0 $0 $123,937,794 $55,184,310 $55,184,310113 85 $0.00 $100,598 $0 $0 $0 $133,000,137 $60,703,351 $60,703,351114 86 $0.00 $100,598 $0 $0 $0 $142,740,613 $66,723,361 $66,723,361115 87 $0.00 $100,598 $0 $0 $0 $153,210,881 $73,287,137 $73,287,137116 88 $0.00 $100,598 $0 $0 $0 $164,466,580 $80,441,022 $80,441,022117 89 $0.00 $100,598 $0 $0 $0 $176,567,647 $88,235,183 $88,235,183118 90 $0.00 $100,598 $0 $0 $0 $189,578,642 $96,723,926 $96,723,926

$720,000.00 $7,846,644



MP: $18,253.407P: $64,871.43T: $18,253.40

GS: $219,328.56GA: $60,000.01PM: $5,000.00

Page 3 of 4








Age

End ofpolicyyear

Premiumoutlay

Netdistributions

Accumulationvalue

Cashvalue

Deathbenefit

Accumulationvalue

Cashvalue

Deathbenefit

119 91 $0.00 $100,598 $0 $0 $0 $203,569,112 $105,966,033 $105,966,033120 92 $0.00 $100,598 $0 $0 $0 $218,613,982 $116,025,121 $116,025,121

$720,000.00 $8,047,840



MP: $18,253.407P: $64,871.43T: $18,253.40

GS: $219,328.56GA: $60,000.01PM: $5,000.00

Page 4 of 4


Allianz Life Insurance Company of North America5701 Golden Hills DriveMinneapolis, MN 55459-0060

Policy SummaryStatement of Policy Cost and Benefit Information

Prepared On: 11/28/2018

Prepared For: Valued Client Agent: Scott SchwartzAddressCity, Florida, 00000

Plan Name: Allianz Life Pro+ EliteSM Fixed Index Universal Life Insurance Policy

A flexible Premium Adjustable Life Insurance Policy

Insured: Valued Client

Age and Gender: 28, Male

Risk Classification: Preferred Nontobacco

Initial Specified Amount: $2,476,044.00

Death Benefit Option: B (Increasing) to A (Level), beginning of policy year 13 Benefit/Rider(s):• Terminal Illness Accelerated Death Benefit Rider• Waiver of New Charges Rider• Interest Bonus Rider• Chronic Illness Accelerated Benefit Rider• Loan Protection Rider

For complete information about your life insurance policy, please refer to your policy.

Allianz Life Pro+ EliteSM is a fixed index universal life policy that provides a death benefit to your beneficiary(ies). It also provides taxdeferred growth potential.

Premium we receive for this contract will accumulate to provide a Death Benefit. The values in your policy can earn interest. Your policyprovides an Accumulation Value, Current Value, Guaranteed Accumulation Value and a Cash Value. All values shown are based on theassumptions on which the Illustration is based. The values include interest credits, partial surrenders, loans, and loan charges.

This Policy Summary shows the Accumulation Value, Cash Value and Death Benefit on a guaranteed basis. The projected results maychange with frequency and time of premium payments and claims paid from any riders.

SB195374 Page 1 of 3


Guaranteed Contract ValuesEnd of Year Premium Accumulation Value Cash Value Death Benefit

1 $60,000.00 $50,460 $3,341 $2,526,5042 $60,000.00 $100,995 $54,198 $2,577,0393 $60,000.00 $151,605 $105,155 $2,627,6494 $60,000.00 $202,291 $156,187 $2,678,3355 $60,000.00 $253,003 $207,271 $2,729,0476 $60,000.00 $303,691 $258,330 $2,779,7357 $60,000.00 $354,381 $309,416 $2,830,4258 $60,000.00 $404,997 $367,534 $2,881,0419 $60,000.00 $455,539 $425,579 $2,931,583

10 $60,000.00 $505,958 $483,476 $2,982,00215 $0.00 $603,021 $270,029 $2,446,82320 $0.00 $0 $0 $0

Age Premium Accumulation Value Cash Value Death Benefit60 $0.00 $0 $0 $065 $0.00 $0 $0 $070 $0.00 $0 $0 $0

Maximum CoverageAge

Premium Accumulation Value Cash Value Death Benefit

120 $0.00 $0 $0 $0

The guaranteed values are calculated based on the guaranteed rate of 0.10% and guaranteed mortality cost charges. The guaranteedvalues shown do not reflect future claims.

A zero in the guaranteed accumulation value column indicates this policy will lapse at this time unless a higher premium is paid.Surrender Charges apply for 12 years.

You may request a policy loan at any time before the Maximum Coverage Anniversary. Loan interest is charged in advance and creditedthroughout the policy year.

Allocation Rate Charge applied in advance Rate Credit applied subsequently

IndexedAllocation

5.00% All policy years *Indexed interest credited at the end of the policy year

FixedAllocation

2.91% Years 1 - 101.96% Years 11+

2% credited throughout the policy year2% credited throughout the policy year

*The rate credited will also include any applicable interest bonus earned via the Interest Bonus rider.

Life Insurance Cost InformationNet Payment Cost Index Surrender Cost Index

Year Guaranteed Current Guaranteed Current

10 $21.95 $21.30 $8.56 $1.39

20 $0.00 $15.20 $0.00 $7.53

These cost indexes are calculated as prescribed by the National Association of Insurance Commissioners, and reflect the time value ofmoney at 5%. The values shown include the cost of additional benefits



The guaranteed costs assume minimum interest rates and maximum charges are applied in all policy years. The current costs assumecurrent (nonguaranteed) illustrated rates and charges are applied in all years.

Cost indexes are used to give you a way to compare relative costs of similar policies. For the following states: AZ, AR, CT, FL, GA, IN, KS, ORand TN, an explanation of the intended uses of the indexes is provided in the Life Insurance Buyer’s Guide.

Guarantees are backed by the financial strength and claims paying ability of Allianz Life Insurance Company of North America (Allianz, we,us, our).

The purchase of a life insurance policy is an important financial decision. This Illustration demonstrates both guaranteed and hypotheticalpolicy costs and benefits. The hypothetical policy costs and benefits are based on assumptions which are subject to change as outlined inthe terms and conditions of the policy. It is not intended to constitute fiduciary investment advice. You should have a full discussion withyour financial professional before making any decision.

For further information regarding this Contract Summary, contact your agent or the home office at: Scott Schwartz, Address , City, Florida00000.


Prepared ForValued Client

Prepared OnNovember 28, 2018 at 02:42

Agent InformationScott SchwartzAddressCity, Florida 00000(000)000-0000

Issue StateKansas

ICC17P64163

Allianz Life Insurance Company of North America

Allianz Life Pro+ EliteSM Fixed Index UniversalLife Insurance Policy

Life Insurance Policy Illustration

Thank you for considering the Allianz LifePro+ Elite.• Please read this document carefully.• Talk with your financial professional about

any questions or concerns you may have.• Be sure to sign and date the signature

page to confirm that you understand thepolicy you are considering.

Guarantees are backed by the financial strength and claims paying ability of Allianz Life Insurance Company of North America.The purchase of life insurance policy is an important financial decision. This Illustration demonstrates both guaranteed and hypotheticalpolicy costs and benefits. The hypothetical policy costs and benefits are based upon assumptions which are subject to change asoutlined in the terms and conditions of the policy. It is not intended to constitute fiduciary investment advice. Please work with yourfinancial professional to find out if this policy is recommended for you. You should have a full discussion with your financial professionalbefore making any decision.

Allianz Life Insurance Company of North America 5701 Golden Hills Drive, Minneapolis, MN 55416800.950.7372 www.allianzlife.comMLIF-1160

Contents

Overview 2

Policy Description 5

Illustration Ledgers 17

Numeric Summary 31

Allianz Life Pro+ EliteSM Fixed Index Universal Life Insurance Policy Illustration OVERVIEW

How to Read Your IllustrationYour illustration is organized in four sections, each of which has its own purpose.

OVERVIEW ILLUSTRATION LEDGERS

This section includes the Basic Conceptsbelow, a one-page introduction describinghow Allianz Life Pro+ EliteSM works, and therates and assumptions used in your policyillustration.

This is the numbers part of the illustration,and reflects the inputs and assumptions youchose to illustrate. Before you review yourledgers, please read the Basic Conceptsbelow.

POLICY DESCRIPTION NUMERIC SUMMARY

This section provides a high level overview ofyour life insurance policy’s features andbenefits. It also defines certain terms usedthroughout this illustration. For completeinformation about Allianz Life Pro+ EliteSM,please refer to your policy.

This is a one-page summary of the illustrationinformation and contains importantdisclosures for you to review. We ask bothyou and your financial professional to sign thispage to confirm you fully understand thefeatures, benefits, and limitations of yourillustration.

The Overview and Policy Description comprise the Narrative Summary of this illustration.

Basic ConceptsAs you review your illustration, please keep the following concepts in mind:

What is Life Insurance?Life insurance is a contract between you and an insurancecompany. The main purpose of life insurance is to provide afinancial benefit to your loved ones in the event of an earlydeath. Typical reasons for buying life insurance include payingfuneral expenses, providing mortgage assistance,supplementing educational expenses for children and spouses,replacing lost income, and helping to protect the value of anestate after the insured passes on.

Guaranteed vs. Nonguaranteed ValuesThe illustration ledgers show both guaranteed andnonguaranteed values. The guaranteed values illustrate a“worst case scenario,” and assume minimum interest rates andmaximum policy charges are applied in all policy years.

Nonguaranteed values are based on interest rates and policycharges that are subject to change. Because of this, we cannotpromise that your actual policy values will match thenonguaranteed values in this illustration.

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

Many PossibilitiesInterest rates and policy charges are only two of the many factorsthat can affect your policy’s actual performance. Please beaware that your actions can impact your policy as well. Thetiming and amount of any premiums you pay, loans orsurrenders you take, and policy benefit changes you make willhave a large effect on your policy values.

Length of CoverageIf your policy’s cash value drops below a certain level, your policywill lapse unless you pay additional premium or lower your policybenefits. If your policy lapses, you will lose the death benefit,you will no longer be able to take money from your policy, andyou may owe income taxes on the money you took out(including any loan balance).In this illustration, your length of coverage will vary based on theassumptions used. Your projected lapse years for theguaranteed and nonguaranteed scenarios are shown in theNumeric Summary.

MLIF-1160, Ver5.3.48.34 Rev 01/18 Page 2 of 34


How Allianz Life Pro+ EliteSM WorksAllianz Life Pro+ EliteSM is a fixed index universal life insurance policy that provides a death benefit to yourbeneficiary(ies) that is income tax-free. It also provides tax deferred growth potential.

Three Death Benefit OptionsOption A is equal to the specified amount of your policy.Option B is equal to the specified amount of your policy plus theaccumulation value.Option C is equal to the specified amount of your policy plus thetotal premium you have paid into the policy.Option A is the default death benefit option if you do not make aselection on your application. Regardless of the death benefitoption you choose, any outstanding loan balance will reduce thedeath benefit.

Lapse ProtectionWhen you buy your policy, your policy will be guaranteed toremain in force for a given number of policy years so long as thetotal premiums you have paid into the policy (less any surrendersand outstanding loan balance) exceed the total minimummonthly premiums due. Note that as long as the total premiumpaid meets this policy protection test, you do not have to pay theminimum monthly premium each month.Issue Age Policy Protection Period in Years

0-65 1066 967 868 769 6

70-80 5

How Your Policy Value Can GrowThe values in your policy can earn interest. Any interest creditedto your policy accumulates tax-deferred, and is only taxable if youtake certain distributions from your policy.

Taking Money OutWhile the insured is still living, you can take money from yourpolicy in a number of ways.Policy loans Subject to certain restrictions and costs, you may beable to take a loan from your policy.Partial surrenders You may also have the ability to withdrawmoney from your policy. Partial surrenders must be at least $500and may incur a charge of up to $50.Accelerated benefits If the insured meets certain conditions, youmay be able to access some or all of the death benefit.Full surrender You also have the option to surrender, or cancel,your policy and receive the cash value. Surrender charges willapply during the first 12 policy years.Policy loans and withdrawals will reduce available cash values anddeath benefits and may cause the policy to lapse, or affectguarantees against lapse. Additional premium payments may berequired to keep the policy in force. In the event of a lapse,outstanding policy loans in excess of unrecovered cost basis will besubject to ordinary income tax. Tax laws are subject to change.You should consult with a tax professional.

Policy ChargesWe deduct charges from your policy to offset various expenses weincur in connection with a life insurance policy including, but notlimited to, the expenses of underwriting, issuing andadministering the policy, agent compensation, and the mortalityrisks we assume.

Allianz Life: Over 115 years old and still going strong.

Since 1896, we've had the strength and stability to fulfill our promises. Through bull markets and bearmarkets, we've stayed true to our careful planning, disciplined investing, and risk management expertise.That's why we're well positioned for what's ahead.



Rates and Assumptions used in your lifeinsurance policy illustrationThis illustration assumes that the currently illustratednonguaranteed elements will continue unchanged forall years shown. This is not likely to occur, and actualresults may be more or less favorable than those shown.

Your Policy Profile

Insured: Valued Client, Male, 28, Preferred Nontobacco

Initial Death Benefit: $2,476,044.00, B (Increasing)

• B (Increasing) to A (Level), beginning of policy year 13

Initial Premium: $60,000.00

Planned Monthly Premium: $5,000.00

Total Lump Sum: $0.00

Total 1035 Exchange: 0.00

Minimum Monthly Premium: $1,521.12

Your Riders

The illustrated policy values have been reduced by the cost of theseriders and benefits unless marked with an asterisk (*).

• Terminal Illness Accelerated Death Benefit Rider*

• Waiver of New Charges Rider*

• Interest Bonus Rider*

• Chronic Illness Accelerated Death Benefit Rider*

• Loan Protection Rider*Illustration ScenariosThe assumptions used in your illustration ledgers will vary based onthe scenario that applies for each ledger.

Current ScenarioThe interest rates used in the current scenario are chosen by youand your financial professional and are subject to the maximumillustrated rates described below.

Indexed interest rates* Policy years6.86% (nonguaranteed) 1-Maturity

Policy charges Policy yearsCurrent (nonguaranteed) All policy years

*If indexed loans are present in this illustration, the loaned portionwill receive an indexed interest credit equal to the lesser of theillustrated rate or the loan charge (currently 5.00%) plus 1%.

Guaranteed ScenarioThe interest rates used in the guaranteed scenario are the ratescredited to the guaranteed accumulation value.

Interest rates Policy years0.10% (guaranteed) All policy years

Policy charges Policy yearsMaximum guaranteed All policy years

Alternate ScenarioThe indexed interest rate used in the alternate scenario is equal tothe current fixed interest rate.

Indexed interest rates Policy years4.75% (nonguaranteed) 1-Maturity

Policy charges Policy yearsCurrent (nonguaranteed) All policy years

Midpoint Scenario (Numeric Summary)The interest rates used in the midpoint scenario are the average ofthe current interest rates and 0%.

Indexed interest rates Policy years3.43% (nonguaranteed) 1-Maturity

Policy charges Policy yearsAverage of current

(nonguaranteed) andguaranteed

All policy years

Your Chosen Loan AllocationsLoans are assumed to be taken at the beginning of the policy yearand are allocated as indicated below.

Policy Years Indexed Fixed

13-Maturity 100% 0%

Illustration timingPremiums are assumed to be paid at the beginning of the year (orof each modal period if non-annual), and are immediately allocatedto the allocations you choose. Withdrawals and loans are assumedto be taken at the beginning of the policy year.

Policy values are illustrated as of the end of the year.


Allianz Life Pro+ EliteSM Fixed Index Universal Life Insurance Policy Illustration POLICY DESCRIPTION

Understanding Policy ValueYour policy has four different values, each of which is used for itsown purposes.

Accumulation ValueAccumulation value is equal to the greater of the current value orthe guaranteed accumulation value.

Current ValueCurrent value reflects the money you put into the policy (lesspremium charges) plus Interest Bonus, if applicable, any fixedand/or indexed interest earned, minus any money taken out (suchas surrenders and policy charges). Interest earned and policycharges are based on current (nonguaranteed) rates that canchange throughout the life of your policy.

Guaranteed Accumulation ValueGuaranteed accumulation value is similar to the current value,except it earns fixed interest only and incurs policy charges atguaranteed rates. The 0.10% minimum fixed interest rate, and themaximum policy charges are applied in all policy years.

Cash ValueCash value is the amount you would get if you cancelled (“cashedin”) your policy. It’s equal to your accumulation value minus thefull surrender charge and any outstanding loan balance.

PremiumAllianz Life Pro+ EliteSM has different measures of premium, eachof which is used for its own purposes.Planned premium. When you buy your policy, you specify yourplanned premium, which is the amount of premium you plan topay each policy year. You can pay more or less than the plannedpremium in any policy year. You can change the amount of yourplanned premium once per policy year. The change will beeffective on the next monthly anniversary.Base premium. During the first policy year, your base premium isequal to your planned premium. In later years, it’s equal to thelesser of your planned premium and the actual amount ofpremium you paid during the previous policy year.Any premium that is paid to the policy that is less than the BasePremium for that year will be placed into your current allocations.Any premium paid that is greater than the Base Premium for theyear will be placed into the Interim Account. Below is an exampleshowing how much premium will be allocated to each account fora sample policy:

Year 1 Year 2Planned Premium $1000 $1000Premium Paid $900 $1500Base Premium $1000 $900Index Allocation $900 $900Interim Interest Allocation $0 $600

Minimum monthly premium. Minimum monthly premium is usedduring the Guaranteed Policy Protection Period to determine if yourpolicy passes the policy protection test, as described earlier in thisdocument.

Interest Bonus - ICC17PR95514The Interest Bonus Rider is automatically included in your policy.Under this rider, a guaranteed interest bonus will be credited in allpolicy years, based on the index allocation(s) selected. Starting inpolicy year 1, the interest bonus is equal to 15% of any interestcredited to the Bonus Indexed Allocations at the end of each policyyear. Any interest bonus credits to your Accumulation Value will beallocated according to all of your current Allocation Percentages.We will continue to credit the Interest Bonus as long as the policyremains in force. Below is an example of how the interest bonus iscalculated for the bonused allocations:

Index InterestCredit

Interest BonusPercent Interest Bonus

Total IndexInterest Credit

6.00% 15% 0.90% 6.90%

Any interest bonus credits will be allocated individually, annually onthe policy anniversary.

Earning InterestWhen you buy your policy, you can choose to allocate your currentvalue among several allocations. You can put all your current valuein one allocation or divide it up among multiple allocations.Current value tied to premium you pay each year up to the basepremium will be placed in the allocations according to yourallocation choices. Any current value tied to premium you pay inexcess of the base premium will be placed in an interim allocationwhere it will earn fixed interest until the end of the policy year. Atthat time, we will distribute the interim current value to yourallocations according to your choices.You can change your allocation once a policy year, by sending arequest to us during the first 21 days of the policy year. You cansend a request to change your allocation at other times, but yourrequest won’t be processed until the beginning of the next policyyear.Once the insured reaches age 120, we allocate 100% of the currentvalue to the fixed allocation.

The Fixed AllocationWith this allocation, we credit interest to the current value at aspecified interest rate. The interest rate can be reset at thebeginning of each policy year, although some policy years it maynot change. And no matter what, it will always be at least 0.10% perpolicy year. Interest is credited to current value in the fixedallocation 365 days a policy year.

Indexed AllocationsWith these allocations, how much interest we credit to your currentvalue depends on the performance of an external index (or indexes)and which interest crediting method you choose.



The available crediting method and index combinations are shownbelow. Some index allocation have a bonus and non-bonusversion.

Indexes Available crediting methods

S&P 500® Index annual point-to-point, monthly sum,trigger method

Blended Index annual point-to-point, monthly average

Bloomberg US DynamicBalance Index II

annual point-to-point III

Allianz True BalanceSM annual sum

PIMCO Tactical BalancedIndex

annual point-to-point III

The blended index is comprised of Dow Jones Industrial Average(35%), Bloomberg Barclays U.S. Aggregate Bond Index (35%),EURO STOXX 50® Index (20%), and Russell 2000® Index (10%).

Allianz True BalanceSM is comprised of S&P 500® Index (50%) andBloomberg Barclays US Aggregate RBI® Series 1 Index (50%).

The PIMCO Tactical Balanced Index reflects the performance of anallocation strategy that shifts between S&P 500® Index, a bondcomponent containing the PIMCO Synthetic Bond Index, and cash.

We credit interest to your current value in an indexed allocationonce a policy year, on the last day of each policy year.

Please note:

The indexes available within the policy are constructed to keeptrack of diverse segments of the U.S. or international markets, orspecific market sectors. These indexes are benchmarks only.Indexes can have different constituents and weightingmethodologies. Some indexes have multiple versions that canweight components or may track the impact of dividendsdifferently. Although an index may affect your interest credited,you cannot buy, directly participate in or receive dividendpayments from any of them through the policy.

Crediting MethodsAllianz Life Pro+ EliteSM gives you different options for determininghow external index performance will translate into the amount ofinterest credited. For all crediting methods, we determine theinterest rate on the last day of each policy year.

Annual Point-to-Point Crediting. For each indexed allocation withthis method, we start by setting an annual cap, which is themaximum possible interest rate for the policy year. The annual capcan be reset every policy year, but it will never be less than 0.25%.Your annual interest rate will always be between 0.00% and thecap amount.

For each single index option, we look at the change in the externalindex for the policy year. If the index went up more than the cappercentage, your interest rate will be equal to the cap for theoption. If the index went down, your interest rate will be 0.00%. Ifthe index change is somewhere between 0.00% and the cap, thenyour interest rate is the same as the change of the index.

For the blended index option, we look at the change in eachexternal index for the policy year. We multiply each index change bythe corresponding index weight. We then add up the four weightedindex changes, and apply the cap and 0.00% minimum to determineyour interest rate.Annual Point-to-Point Crediting |||. For this method, we start bysetting a participation rate. The participation rate can be reset everypolicy year, but it will never be less than 5.00%.We then look at the change in the external index for the policy yearand multiply the change by the participation rate. If the result ismore than 0.00%, your interest rate will be equal to the result.Otherwise, your interest rate for that year will be 0.00%.Annual Sum Crediting.With this method, we start by setting anannual cap. The annual cap can be reset every policy year but willnever be less than 0.10%. This method is only available with AllianzTrue BalanceSM.For each single index component, we divide the Index Value for thelast day of the Policy Year by the Index Value for the last day beforethe Policy Year and then subtract 1 to find the annual change. If theannual change is greater than the annual cap, then the annualchange for that Policy Year will be the annual cap. The annualchange may be less than zero, with no limit.For the Allianz True BalanceSM option, we look at the change in eachindex component for the policy year and multiply the annualchange by the corresponding index weight. We then add the annualchanges for each index together and multiply by the participationrate to find the interest rate for that policy year. If the result isnegative, the interest rate for that policy year is 0.00%. Theparticipation rate is guaranteed at issue and is guaranteed for thelife of the policy.Monthly Sum Crediting. For each indexed allocation with thismethod, we start by setting a monthly cap. The monthly cap can bereset every policy year, but it will never be less than 0.50%.For each single index option, we look at the external index changeevery policy month. If it went up more than the cap percentage, werecord the cap as your change for the month. If the index went upless than the cap percentage, or it went down, we record the indexchange as your number for the month.At the end of each policy year, we add up the change percentagesfor the 12 months, both positive and negative. If the result ispositive, that result is the interest rate we credit for the policy year. Ifthe result is negative, your interest rate will be 0.00%.Monthly Average Crediting. With this method, we start by setting aparticipation rate. The participation rate can be reset every policyyear, but it will never be less than 5.00%.We perform the following calculations for each external index in theblended index: We look at the value for each external index at theend of every policy month and determine an average for the 12months. We calculate the change between the index value for thebeginning of the policy year and the average index value, and thenmultiply the index change by the corresponding index weight.



After performing the above calculations for each index, we add upthe four weighted index changes, and then multiply by theparticipation rate.If the result is a positive number, that number is the interest ratefor the policy year. If the result is negative, your interest rate will be0.00%.Trigger Method Crediting. With this method, we start by settinga trigger interest rate. The trigger interest rate can be reset everypolicy year, but it will never be less than 0.25%.At the end of each policy year, we look at the change in theexternal index for the policy year. If the index change was zero ormore, your interest rate will be equal to the trigger interest rate. Ifthe index performance is greater than the trigger interest rate, thepotential interest credited to the policy will be capped at thecurrent credited rate. If the index went down, your interest ratewill be 0.00%.

Crediting Method InsightsAnnual Point-to-Point Annual Sum Monthly Sum Monthly Average

This crediting method uses theindex value from only two pointsin time. Changes in the indexthroughout the policy year do notdirectly impact the indexedinterest rate.

This crediting method looks atmultiple different indexes and usesonly beginning-of-year and end-of-year index values. A decrease in oneindex value can offset an increase inanother index value, and result in acombined interest rate.

Steady monthly increases willgenerally add up to a positiveindexed interest rate. One ormore sharp monthly decreasescan offset positive monthlyincreases and result in a 0.00%indexed interest rate.

If the index value was usuallyhigher than the beginning indexvalue, the indexed interest ratewill generally be positive. Sharpindex drops can weigh down theaverage index value and result ina 0.00% indexed interest rate.



Your Chosen AllocationsYour allocations and current caps, participation rates, trigger rates and fixed interest rate are shown below. The caps, participation rates,spreads and fixed interest rate are subject to change on any policy anniversary based on several external factors including, butnot limited to market volatility, short term interest rates, as well as long term interest yields. Bonused index allocations mayreflect lower caps and participation rates than non-bonused index allocations.

The historical Interest rates shown do not include the 15% guaranteed interest bonus. The 15% interest bonus would be applied on interestcredited beginning in policy year 1.

Bonused Allocations Your Chosen Allocations Historical AveragesAnnual point-to-point % allocated Current cap/ par.rate 10 years 15 years 20 years 25 yearsS&P 500® Index - Bonus 0% 9.50% / 100% 6.56% 6.66% 5.91% 6.14%Blended Index - Bonus 34% 16.00% / 100% 7.19% 7.74% 7.32% 8.36%Annual point-to-point ||| % allocated Current par.rateBloomberg US Dynamic Balance Index II - Bonus 0% 115.00% 6.85% N/A N/A 6.93%PIMCO Tactical Balanced Index - Bonus 0% 115.00% 7.01% N/A N/A 6.95%Bloomberg US Dynamic Balance II ER Index - Bonus 33% 160.00% 9.63% N/A N/A 8.47%PIMCO Tactical Balance ER Index - Bonus 33% 160.00% 9.65% N/A N/A 8.39%Annual sum % allocated Current cap/ par.rateAllianz True BalanceSM - Bonus 0% 5.00%/200% 5.71% N/A N/A 6.19%Monthly sum % allocated Current cap/ par.rateS&P 500® Index - Bonus 0% 2.90% / 100% 5.82% 6.22% 5.22% 6.21%Monthly average % allocated Current par.rateBlended Index - Bonus 0% 145.00% 4.42% 4.67% 4.68% 6.12%Trigger Method % allocated Current trigger interest rateS&P 500® Index - Bonus 0% 6.25% 4.34% 4.97% 4.34% 4.46%

Standard Allocations Your Chosen Allocations Historical AveragesAnnual point-to-point % allocated Current cap/ par.rate 10 years 15 years 20 years 25 yearsS&P 500® Index 0% 11.75% / 100% 7.84% 7.80% 6.98% 7.25%Blended Index 0% 20.00% / 100% 7.19% 7.86% 7.59% 8.95%Annual sum % allocated Current cap/ par.rateAllianz True BalanceSM 0% 6.00%/200% 6.69% N/A N/A 7.10%Monthly sum % allocated Current cap/ par.rateS&P 500® Index 0% 4.10% / 100% 8.03% 8.35% 7.53% 8.66%Fixed % allocated Current fixed interest rateFixed Interest 0% 4.75%

Historical AveragesBased on Historical performance, the Historical Averages shownabove are average rates for the time periods indicated. The ratesbelow assume that the product index and allocation options wereavailable during the time period shown. Keep in mind thatdifferent time periods and different indices will produce higher orlower averages, and that even if the average credited rate for apolicy is as illustrated, actual policy values could be differentbecause of year to year differences in actual credited rates. Yournon-guaranteed illustrated values are based on your allocationpercentages. The rates described above are based on thecurrent caps, participation rates or spreads shown in YourChosen Allocations for all years during the stated period.Keep in mind that past performance is not a prediction of futureresults. Different time periods and different indexes will producehigher or lower averages, and actual credited rates will vary fromyear to year. Also, caps and participation rates are subject tochange on any policy anniversary.

Explanation of the Maximum Illustrated RateThe maximum illustrated rate for the index allocation iscalculated using the annual point-to-point crediting method andthe S&P 500® Index, in accordance with illustration regulations.To determine this limit, we calculate the average annualized ratesfor each 25-year period in the last 65 calendar years assuming thecurrent annual cap was in effect every year.The arithmetic average of these annualized rates is the maximumillustrated rate for the index allocation; we also show themaximum and minimum annualized rate below.

Lowest25 year period

Average(Maximum

Illustrated Rate)Highest

25 year period

4.32% 6.86% 8.72%Other crediting methods and index combinations are availablewith your policy as described earlier in this document.



MP: $18,253.407P: $64,871.43T: $18,253.40

GS: $219,328.56GA: $60,000.01PM: $5,000.00

Page 8 of 34

This illustration is not an offer, contract, or promise of future policy performance. Actual policy values may be more or less favorable than the nonguaranteed valuesshown. Coverage is subject to the terms and conditions of the policy. The assumptions on which this illustration is based are subject to change on an annual basis. Thisillustration is not valid without all 34 pages.


Historical Index Rates - Non-Bonused Index AllocationsThe annual non-bonused index interest rates shown below are determined by applying the current (nonguaranteed) caps and participation rates to the most recent 25 full calendar yearsof historical index performance. For the Allianz True BalanceSM, the values shown reflect the longest common periods of historical data available for each of the indexes that comprise theAllianz True BalanceSM. The rates shown assume that the product, index, and allocation options were available during the time period shown.Keep in mind that past performance is not a prediction of future results. Different time periods and different indexes will produce higher or lower rates. Also, caps and participation ratesare subject to change on any policy anniversary.

S&P 500® Index Blended Index Allianz TrueBalanceSM

YearEnding

ActualHistorical

IndexChange

AnnualPoint to

PointMonthly

Sum

ActualHistorical

IndexChange

AnnualPoint to

Point

ActualHistorical

IndexChange

AnnualSum

12/31/1993 7.06% 7.06% 7.00% 17.65% 17.65% N/A N/A12/31/1994 -1.54% 0.00% 0.00% -2.16% 0.00% N/A N/A12/31/1995 34.11% 11.75% 29.82% 23.62% 20.00% N/A N/A12/31/1996 20.26% 11.75% 14.57% 16.41% 16.41% N/A N/A12/31/1997 31.01% 11.75% 17.41% 20.72% 20.00% N/A N/A12/31/1998 26.67% 11.75% 12.84% 14.73% 14.73% N/A N/A12/31/1999 19.53% 11.75% 13.57% 19.85% 19.85% N/A N/A12/31/2000 -10.14% 0.00% 0.00% 0.95% 0.95% N/A N/A12/31/2001 -13.04% 0.00% 0.00% -3.47% 0.00% N/A N/A12/31/2002 -23.37% 0.00% 0.00% -11.90% 0.00% N/A N/A12/31/2003 26.38% 11.75% 16.85% 17.97% 17.97% N/A N/A12/31/2004 8.99% 8.99% 8.88% 5.70% 5.70% N/A N/A12/31/2005 3.00% 3.00% 3.24% 5.23% 5.23% 2.73% 5.47%12/31/2006 13.62% 11.75% 12.99% 11.94% 11.94% 9.06% 10.51%12/31/2007 3.53% 3.53% 3.68% 5.77% 5.77% 5.61% 9.53%12/31/2008 -38.49% 0.00% 0.00% -22.36% 0.00% -13.77% 0.00%12/31/2009 23.45% 11.75% 7.69% 15.41% 15.41% 12.35% 7.24%12/31/2010 12.78% 11.75% 2.16% 7.52% 7.52% 9.47% 12.00%12/31/2011 0.00% 0.00% 0.00% 0.72% 0.72% 4.23% 6.00%12/31/2012 13.41% 11.75% 12.91% 8.24% 8.24% 8.21% 9.01%12/31/2013 29.60% 11.75% 24.40% 15.86% 15.86% 13.91% 4.22%12/31/2014 11.39% 11.39% 10.92% 5.31% 5.31% 8.88% 12.00%12/31/2015 -0.73% 0.00% 0.00% -0.39% 0.00% 0.35% 0.70%12/31/2016 9.54% 9.54% 7.12% 7.71% 7.71% 5.57% 7.61%12/31/2017 19.42% 11.75% 17.95% 12.63% 12.63% 11.13% 8.85%

Historical 7.53% 7.25% 8.66% 7.19% 8.95% 5.74% 7.10%


Initial Death Benefit: $2,476,044.00, B (Increasing) , DBO Switch: GMRiders: LPR, CIABRAllocations: SP/MS: 0%; SPB/MS: 0%; TB: 0%; TBB: 0%; SP/AP: 0%; SPB/AP: 0%; B/AP: 0%; BB/AP: 34%; SPB/TM: 0%;BB/MA: 0%; BUDBI IIB/AP: 0%; PIMCOB/AP: 0%; BUDBIIIER/AP: 33%; PIMCOBER/AP: 33%; Fixed: 0%MLIF-1160, Ver5.3.48.34 Rev 01/18

MP: $18,253.407P: $64,871.43T: $18,253.40

GS: $219,328.56GA: $60,000.01PM: $5,000.00

Page 9 of 34

This illustration is not an offer, contract, or promise of future policy performance. Actual policy values may be more or less favorable than the nonguaranteed values shown. Coverage is subject to the terms and conditions ofthe policy. The assumptions on which this illustration is based are subject to change on an annual basis. This illustration is not valid without all 34 pages.


Historical Index Rates – Bonused Index AllocationsThe annual bonused index interest rates shown below are determined by applying the current (nonguaranteed) caps and participation rates to the most recent 25 full calendar years ofhistorical index performance. For the Bloomberg US Dynamic Balance Index II, Allianz True BalanceSM, and PIMCO Tactical Balanced Index, the values shown reflect the longest commonperiods of historical data available for each of the indexes that comprise the Bloomberg US Dynamic Balance Index II, Allianz True BalanceSM, and PIMCO Tactical Balanced Index. The ratesshown assume that the product, index, and allocation options were available during the time period shown.Keep in mind that past performance is not a prediction of future results. Different time periods and different indexes will produce higher or lower rates. Also, caps and participation ratesare subject to change on any policy anniversary.

S&P 500® Index Blended Index Bloomberg USDynamic

Balance Index II

Bloomberg USDynamic

Balance II ER Index

PIMCO TacticalBalanced Index

PIMCO TacticalBalanced ER Index

Allianz TrueBalanceSM

YearEnding

ActualHistorical

IndexChange

AnnualPoint to

PointMonthly

SumTriggerMethod

ActualHistorical

IndexChange

AnnualPoint to

PointMonthlyAverage

ActualHistorical

IndexChange

With ParRate

ActualHistorical

IndexChange

With ParRate

ActualHistorical

IndexChange

With ParRate

ActualHistorical

IndexChange

With ParRate

ActualHistorical

IndexChange

AnnualSum

12/31/1993 7.06% 7.06% 6.45% 6.25% 17.65% 16.00% 13.59% N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A12/31/1994 -1.54% 0.00% 0.00% 0.00% -2.16% 0.00% 0.00% N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A12/31/1995 34.11% 9.50% 25.80% 6.25% 23.62% 16.00% 18.15% N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A12/31/1996 20.26% 9.50% 11.81% 6.25% 16.41% 16.00% 10.95% N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A12/31/1997 31.01% 9.50% 9.01% 6.25% 20.72% 16.00% 18.85% N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A12/31/1998 26.67% 9.50% 4.60% 6.25% 14.73% 14.73% 12.96% N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A12/31/1999 19.53% 9.50% 6.90% 6.25% 19.85% 16.00% 11.49% N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A12/31/2000 -10.14% 0.00% 0.00% 0.00% 0.95% 0.95% 0.00% N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A12/31/2001 -13.04% 0.00% 0.00% 0.00% -3.47% 0.00% 0.00% N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A12/31/2002 -23.37% 0.00% 0.00% 0.00% -11.90% 0.00% 0.00% N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A12/31/2003 26.38% 9.50% 12.05% 6.25% 17.97% 16.00% 8.40% N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A12/31/2004 8.99% 8.99% 7.58% 6.25% 5.70% 5.70% 1.58% N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A12/31/2005 3.00% 3.00% 1.83% 6.25% 5.23% 5.23% 1.98% 2.04% 2.34% -0.83% 0.00% 0.44% 0.51% -2.18% 0.00% 2.73% 5.47%12/31/2006 13.62% 9.50% 12.73% 6.25% 11.94% 11.94% 7.81% 10.31% 11.86% 6.12% 9.79% 9.59% 11.03% 5.17% 8.27% 9.06% 9.51%12/31/2007 3.53% 3.53% 1.44% 6.25% 5.77% 5.77% 6.29% 6.63% 7.63% 2.86% 4.57% 7.75% 8.91% 2.95% 4.72% 5.61% 8.53%12/31/2008 -38.49% 0.00% 0.00% 0.00% -22.36% 0.00% 0.00% 3.49% 4.01% 0.37% 0.59% 8.68% 9.99% 5.86% 9.38% -13.77% 0.00%12/31/2009 23.45% 9.50% 0.56% 6.25% 15.41% 15.41% 3.69% 5.26% 6.05% 5.81% 9.29% 4.57% 5.25% 4.21% 6.73% 12.35% 6.24%12/31/2010 12.78% 9.50% 0.00% 6.25% 7.52% 7.52% 2.23% 8.38% 9.63% 8.46% 13.54% 11.09% 12.75% 11.32% 18.10% 9.47% 10.00%12/31/2011 0.00% 0.00% 0.00% 0.00% 0.72% 0.72% 2.69% 4.19% 4.81% 5.19% 8.30% 3.53% 4.06% 3.84% 6.15% 4.23% 5.00%12/31/2012 13.41% 9.50% 9.26% 6.25% 8.24% 8.24% 7.31% 5.99% 6.89% 6.92% 11.07% 6.28% 7.22% 6.81% 10.89% 8.21% 8.01%12/31/2013 29.60% 9.50% 20.02% 6.25% 15.86% 15.86% 11.79% 8.28% 9.52% 8.01% 12.82% 7.41% 8.52% 7.75% 12.40% 13.91% 3.22%12/31/2014 11.39% 9.50% 8.86% 6.25% 5.31% 5.31% 3.27% 6.07% 6.98% 6.88% 11.02% 1.00% 1.15% 1.53% 2.45% 8.88% 10.00%12/31/2015 -0.73% 0.00% 0.00% 0.00% -0.39% 0.00% 2.27% -1.33% 0.00% -1.33% 0.00% -2.60% 0.00% -2.33% 0.00% 0.35% 0.70%12/31/2016 9.54% 9.50% 4.74% 6.25% 7.71% 7.71% 2.22% 4.25% 4.89% 4.93% 7.88% 5.26% 6.05% 5.75% 9.21% 5.57% 6.61%12/31/2017 19.42% 9.50% 17.13% 6.25% 12.63% 12.63% 9.30% 14.31% 16.46% 14.73% 23.57% 14.08% 16.19% 14.46% 23.14% 11.13% 7.85%

Historical 7.53% 6.14% 6.21% 4.46% 7.19% 8.36% 6.12% 5.93% 6.93% 5.16% 8.47% 5.84% 6.95% 4.91% 8.39% 5.74% 6.19%The historical Interest rates shown do not include the 15% guaranteed interest bonus. The 15% interest bonus would be applied on interest credited beginning in policyyear 1.


Initial Death Benefit: $2,476,044.00, B (Increasing) , DBO Switch: GMRiders: LPR, CIABRAllocations: SP/MS: 0%; SPB/MS: 0%; TB: 0%; TBB: 0%; SP/AP: 0%; SPB/AP: 0%; B/AP: 0%; BB/AP: 34%; SPB/TM: 0%;BB/MA: 0%; BUDBI IIB/AP: 0%; PIMCOB/AP: 0%; BUDBIIIER/AP: 33%; PIMCOBER/AP: 33%; Fixed: 0%MLIF-1160, Ver5.3.48.34 Rev 01/18

MP: $18,253.407P: $64,871.43T: $18,253.40

GS: $219,328.56GA: $60,000.01PM: $5,000.00

Page 10 of 34

This illustration is not an offer, contract, or promise of future policy performance. Actual policy values may be more or less favorable than the nonguaranteed values shown. Coverage is subject to the terms and conditions ofthe policy. The assumptions on which this illustration is based are subject to change on an annual basis. This illustration is not valid without all 34 pages.


Loans, Surrenders, and AcceleratedBenefitsWith Allianz Life Pro+ EliteSM, you can access your policy’s valuewhile the insured is still living in a number of ways.If you take a policy loan, surrender or accelerated benefitfrom your policy, you will reduce the death benefit andavailable policy values, and you may cause the policy tolapse. In addition, you may be required to pay taxes on thedistributions.

Policy LoansPolicy loans reduce your cash value and death benefit dollar fordollar. If you do not pay loan interest when it is due, your loanbalance will increase, and the interest will reduce your cash valueand death benefit dollar for dollar.When you take a policy loan, we link it to your current value in thesame percentages that your current value is allocated. You mayalso choose to have your policy loan allocated differently than yourcurrent value on any policy anniversary. You may change the typeof loan you have on any policy anniversary by reallocating yourpolicy loan. If you do so, the current value linked to the policy loanwill be reallocated in the same percentages. We must receive yourrequest to reallocate your policy loan during the first 21 days of thepolicy year. You can send a request to change your policy loanallocation at other times, but your request won’t be processeduntil the beginning of the next policy year.Once the insured reaches age 120, we allocate 100% of thecurrent value (including any loan balance) to the fixed allocation.Loan interest is charged in advance and credited throughout thepolicy year, based on the allocation the loan is linked to.

AllocationRate charged atthe beginning ofthe policy year

Rate credited at the endof the policy year

Indexed allocation

All Policy Years 5.00% Indexed interest rates*

Fixed allocation

Policy Years 1 - 10 2.91% 2%

Policy Years 11+ 1.96% 2%

*The rate credited will also include the annual interest bonus crediton the Bonused Indexed Allocations as described in the InterestBonus section.

Both types of loans charge a set rate each year. The net cost of afixed loan will always be negative during the first 10 policy years andneutral thereafter. The net cost of an indexed loan could bepositive or negative, depending on the indexed interest rate atthe end of the year. Therefore, indexed loans are more risky thanfixed loans, and will increase the impact of poor indexperformance on your policy.

SurrendersYou can also withdraw part of your cash value. Partial surrendersmust be at least $500, and may be subject to a partial surrendercharge of up to $50. Partial surrenders (and any partial surrendercharges) reduce your policy values and death benefit dollar fordollar. The amount of current value allocated to each allocationdecreases by the same percentage as the overall value decreases.If you take a partial surrender from an indexed allocation with apositive interest rate, we will credit prorated interest to your currentvalue at the end of the policy year in which the surrender occurs.(Because the fixed allocation credits interest every day, interest willalready be credited when the surrender is processed.)

Terminal Illness Accelerated Death Benefit RiderICC17PR95513Accelerated benefits reduce your policy values as described in thepolicy.The Terminal Illness Accelerated Death Benefit Rider isautomatically included in your policy. You may take up to 100% ofthe Base Policy Death Benefit and any term coverage (if applicable)in a lump sum if the insured becomes terminally ill and you havenot already taken an accelerated benefit payment under the policyor any attached riders. You will receive a payment equal to theaccelerated benefit amount discounted for one year’s interest usingthe maximum loan charge rate of 2.15%.The accelerated benefit payment must be at least $10,000 andcannot exceed the death benefit (or $1 million, whichever issmaller). If you accelerate less than the full death benefit, theremaining death benefit must be at least $10,000.



Policy ChargesYour policy has three types of charges: premium charges, monthlydeductions and surrender charges.Premium charges. Premium charges are deducted from both theCurrent Accumulation Value and the Guaranteed AccumulationValue for each premium payment made to the policy.

Policy Year

Premium Charge forCurrent AccumulationValue

Premium Charge forGuaranteedAccumulation Value

1 - 9 8.00% 8.00%10+ 4.00% 8.00%

Monthly deductions. We will deduct a monthly deduction fromyour current value and guaranteed accumulation value at thebeginning of each policy month. Monthly deductions include aninsurance cost charge, rider charges, a policy charge, and anexpense charge.• The insurance cost charge is based on factors such as theinsured’s gender, age, specified amount, and risk class.• Rider charges will vary depending on your selection of optionalriders.• The monthly policy charge is $7.50 per policy.• The expense charge is a per $1,000 charge of your policy'sspecified amount, and is based on factors such as the insured’sgender, age, specified amount, and risk class. The expense chargeis calculated at the time of Policy Issue and will never decrease.The expense charge is deducted from the Current AccumulationValue for the first 12 policy years, and from the GuaranteedAccumulation Value for the life of the policy.Surrender charges. If you cancel your policy, you will receive thecash value, which is equal to the accumulation value minus the fullsurrender charge and any outstanding loan balance. Surrendercharges are based on factors such as the insured’s gender, age,specified amount, and risk class, and will apply during the first 12policy years. Also, if you take a partial surrender, it may be subjectto a partial surrender charge of up to $50.

Waiver of New ChargesThis benefit is automatically included in your policy. It waivessurrender charges, expense charges, and Enhanced Liquidity Ridercharges for any Specified Amount Bands added on or after theeffective date. The effective date is 1 day after the 10th PolicyAnniversary.

Policy LapseIf the cash value is less than the amount of a policy charge due,and your policy does not pass the policy protection test asdescribed earlier in this document, your policy will enter a 61-daygrace period. If you do not send us premium sufficient to keep thepolicy in force by the end of the grace period, your policy will lapse.

If your policy lapses, you will lose the death benefit, you will nolonger be able to take money from your policy, and you may oweincome taxes on the money you took out (including anyoutstanding loan balance).Under certain circumstances, we may allow a policy reinstatementwithin three years of the policy lapse.

Death BenefitYour beneficiaries can take the death benefit in a lump sum, incometax-free payment, or as a stream of income payments. If yourbeneficiaries choose an income stream payout option of at least 10years, Allianz Life Pro+ EliteSM will increase the death benefit by 10%.Please note: The part of the income payment representing thedeath benefit is income tax-free; the remainder of the payment istaxable to the beneficiary.

Making Policy ChangesAfter your policy is issued, you may decide to make a change to yourpolicy. Changes typically fall under two categories: materialchanges and reductions in benefits. Before you make either type ofpolicy change, we recommend that you request a new policyillustration, and then review your policy with a knowledgeable tax orlegal advisor.

Material ChangesThe following policy changes are considered material changes:Death benefit increase If you increase your policy’s death benefit,your minimum monthly premium will increase. In addition, if yourequest the increase during the first five policy years, a newsurrender charge schedule will begin for the increase at that time.Change in death benefit option After the first policy year, you maychange your death benefit option. The new death benefit option willbe effective on the next monthly anniversary. You cannot change toOption C after issue, and you cannot change from Option C toOption B.Change of risk class If the insured’s rate class improves fromtobacco to nontobacco after you buy your policy (subject tounderwriting), minimum monthly premiums and insurance costcharges will decrease.Add a rider If you add a rider, your minimum monthly premium willincrease.Keep in mind, if your minimum monthly premium increases, youmay need to pay additional premium to protect your policy fromlapse. In addition, if you make any of the above material changes,a new seven-year premium limitation will begin at that time, andyou will have new premium limitations under Section 7702A ofthe Internal Revenue Code.



Reductions in benefitsThe following changes are considered reductions in benefit:

• Death benefit decrease• Remove a rider

If you request a reduction in benefit within the seven-yearpremium limitation period, the 7-pay premium will berecalculated to reflect the reduced benefit. The reduced 7-paypremium will be applied as if the policy had originally been issuedat the reduced benefit level.If the reduction in benefits will cause your policy to become aModified Endowment Contract (MEC), we will notify you. You willhave the choice to continue with the reduction of benefits andallow your policy to become a MEC, or cancel the reduction ofbenefits.If the reduction of benefits will cause your policy to violate theGuideline Premium Test, we will notify you that you will not beable to reduce your current benefits.

Federal TaxesEveryone’s tax situation is different; we suggest that you ask aknowledgeable tax or legal advisor about your own tax situation.We do not give legal or tax advice, but for your convenience, weprovide the following general information on federal taxes. (Beaware that you could have state tax considerations as well.)This policy is intended to comply with the definition of lifeinsurance in Section 7702 of the Internal Revenue Code. Whenyou buy your policy, you must specify whether you want theguideline premium test (GPT) or the cash value accumulation test(CVAT) used to qualify your policy as life insurance. Once youchoose a test, you cannot change it.The most common test used for Allianz Life Pro+ EliteSM is GPT,which specifies the maximum amount of premium you can payinto your policy. The total premiums paid for the policy must notexceed the guideline single premium or the cumulative guidelinelevel annual premiums, whichever is greater.The guideline premiums for this policy are:

• Guideline Annual Premium: $60,000.01• Guideline Single Premium: $219,328.56

If you plan to fund your policy with a single premium payment,CVAT may be the test you choose. This test compares therelationship between the cash value and death benefit, andgenerally allows a larger single premium payment than the GPT.We will refund any premium that exceeds the life insurancequalification limits under Section 7702 of the Internal RevenueCode. We make this determination based on our interpretation oftax law and do so upon your request.The tax treatment of life insurance under federal tax law is subjectto change. You should review the tax status of your policy with aknowledgeable tax or legal advisor each year.

Life Insurance TaxationInterest: Any interest you earn will be “tax deferred,” meaning youwill not owe taxes unless you take a taxable distribution from yourpolicy.Loans: Unless your policy is a MEC (which we describe later), loanswill not be subject to tax while your policy is in force. However, ifyour policy lapses, you take a full surrender, or you transfer,exchange, or assign your policy, outstanding policy loans in excessof un-recovered cost basis will be subject to ordinary income tax.Surrenders: Unless your policy is a MEC (which we describe later),surrenders you take from your policy will be treated as if the costbasis is distributed first. This means you will not be taxed on themoney you take until the entire cost basis has been distributed andyou begin to withdraw interest.Accelerated benefits: Qualified accelerated benefits that youreceive generally will not be subject to taxation under Section101(g) of the Internal Revenue Code.Please be aware that the receipt of an accelerated benefit mayaffect your rights to receive certain public funds, such as Medicare,Medicaid, Social Security, and Supplemental Security Income (SSI).

Modified Endowment ContractsIn order to receive favorable federal tax treatments on distributionstaken during the lifetime of the insured, the total premiums you payinto the policy must satisfy the 7-pay premium limitation.Otherwise, your policy could be considered a Modified EndowmentContract (MEC). Making policy changes that are material changes orreductions in benefits may also result in your policy becoming aMEC.If the payment of any premium will cause your policy to become aMEC, we will notify you. You will have the choice to continue withthe premium payment and allow your policy to become a MEC or towithdraw or reduce the amount of your payment.If you take a distribution from a MEC, we must first distribute anyinterest you have earned in your policy. Interest will be taxed asordinary income. In addition, with certain exceptions, there will bean additional 10% federal tax assessed if a distribution is takenbefore the owner turns age 59 ½.If your policy becomes a MEC after the issue date, there will be a“look back” on any distributions you took during the last two years.Those distributions will be taxed as if your policy was a MEC whenthe distributions were taken.7-pay premium limitation. Your policy has a 7-pay premiumlimitation during the first seven policy years. To satisfy thisrequirement, the total premiums you have paid into the policy atany time must not exceed the sum of the7-pay annual premiums at that point in time. Your 7-pay annualpremium is $64,871.43.



Available RidersThe following optional benefits may be available to you at anadditional charge. Unless otherwise noted, riders must beselected on your original policy application/worksheet.

Chronic Illness Accelerated Death Benefit RiderICC16PR95357, Illustrated

The Chronic Illness Accelerated Death Benefit Rider is available forall issue ages, subject to underwriting. It pays a discounted portionof the death benefit in a lump sum if the insured becomeschronically ill and symptoms persist for more than 90 days. Thechronic illness must manifest on or after the issue date or theinsured’s 18th birthday, whichever is later.

If there is an outstanding loan balance, a portion of the chronicillness benefit payment will be used to reduce the loan balance.If you request a chronic illness accelerated death benefit payment,the remaining death benefit must be at least equal to the minimumresidual death benefit shown on the policy schedule. Totalpayments cannot exceed the death benefit (or $1 million,whichever is smaller). If you own multiple Allianz policies, the totalaccelerated benefits paid cannot exceed $1 million for all Allianzpolicies. There is no charge for this rider.

Waiver of Specified Premium RiderICC17PR95299 , Not Illustrated

This rider credits a waiver amount to your policy when the insuredbecomes totally disabled and symptoms persist for six months.Waiver credits can continue to age 120 if the disability persists.Waiver credits do not guarantee protection from policy lapse; youmay need to pay additional premium to keep your policy in force.

This rider will terminate on the policy anniversary after the insuredturns 65 if the insured is not totally disabled at that time.The monthly rider charge for this benefit is a percentage of thewaiver amount, and is based on the insured’s gender, age, and riskclass.

Supplemental Term Rider (STR)ICC17PR95515 ,Not Illustrated

The Supplemental Term Rider allows additional term insurancecoverage up to a specific multiplier of the face amount (based onthe multiplier available at the time of purchase). You may convertall or a portion of the Initial STR specified amount to increase theamount of your policy within the first 10 policy years or before thePolicy Anniversary when the Insured’s Age equals 75. The minimumterm insurance amount that can be purchased is $25,000.

You may convert all or a portion of the initial STR specified amountin accordance with the Conversion Schedule (shown below) andany time before the earlier of the 10th Policy Anniversary or thePolicy Anniversary when the Insured’s Age equals 75. The minimumconversion amount is the greater of 10% of the initial STR specifiedamount or $50,000.

PolicyYear

Maximum Conversion Percentage of STRSpecified Amount

2 Up to 25%3 Up to 50%4 Up to 75%

5-10 Up to 100%

The initial STR specified amount combined with the base deathbenefit cannot exceed $65 million. The minimum monthlypremium for the conversion amount will be determined at the timeof conversion and will be based on the premium rate we charge fora new policy, your Age at the time of conversion, and your PremiumRate Class. A conversion of all or a portion of the STR specifiedamount may extend your Policy Protection Period.This rider must be selected at issue and is available for issue ages0 – 80, depending on risk class. Any STR specified amount notconverted by policy year 11 or Attained Age 75 will continue asrenewable as annual renewable term insurance.

Child Term RiderICC17PR95297, Not Illustrated

With this rider, you can purchase up to $10,000 term insurancecoverage for each of the insured's children. Coverage can begin forany child between 15 days old and age 21, and can continue untilthe policy anniversary after the child turns 25 or the policyanniversary after the insured turns 65 (whichever is earlier).

After coverage has been in effect for 10 policy years, the policyanniversary after a child turns 25, or the policy anniversary after theinsured turns 65 (whichever is earlier), coverage can be convertedto an approved Allianz permanent insurance policy without medicalunderwriting.You can add this rider to your policy at issue, or on the policyanniversary following the birth or adoption of the insured’s firstchild. The monthly rider charge for this benefit is a percentage ofthe rider specified amount.

Other Insured Term RiderICC17PR95296, Not Illustrated

This rider provides annual renewable term insurance for up to fourof the insured’s family members, with a combined death benefit upto four times the base specified amount (or $1 million, whichever issmaller). Coverage can continue until the policy anniversary afterthe family member turns 100. The family members will be subjectto underwriting and must be approved by Allianz. The minimumdeath benefit is $25,000 for standard risk classes and $100,000 forpreferred risk classes.

You can add this rider to your policy at issue, or on any policyanniversary until the insured turns 100. This rider will terminate onthe policy anniversary after the insured turns 100.The monthly rider charge for each other insured’s coverage is apercentage of the other insured’s rider specified amount, and isbased on the other insured’s gender, age, rider specified amount,and risk class.

MLIF-1160, Ver5.3.48.34 Rev 01/18

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