Allianz Life Insurance Company of New YorkIndividual Flexible Purchase Payment Variable and Index-Linked Deferred Annuity Contract • December 5th, 2023 • Allianz Life Insurance Co of New York
Purchase Payments we receive for this contract accumulate to provide Annuity Payments or an incidental Death Benefit. This is a variable annuity contract with Contract Value increasing or decreasing depending on the experience of the Variable Account and Index Options. Investment in the contract may result in a loss of Purchase Payments. This contract is nonparticipating, with no dividends payable. Benefits available under this contract are not less than those required by New York statute. This contract contains a provision allowing us to make an Index Option temporarily unavailable if, due to yield on investments or the availability or cost of hedging, we are unable to support the Minimum Cap or Trigger Rate on that Index Option. Additionally, this contract does not allow Index Options with a Term length exceeding six years.
