INHERITED IRA/ROTH IRA ENDORSEMENT
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This  Endorsement  forms a part  of the  Contract,  which  is  attached,  and is
effective as of the Issue Date of the Contract.

The following provisions apply to a Contract which is issued by the Company on a
qualified  basis under Internal  Revenue Code Section 408(b) or Section 408A. In
the case of a conflict  with any provision in the  Contract,  the  provisions of
this Endorsement will control. The Contract is amended as follows:

  CONTRACT  OWNER,
  ANNUITANT,  ASSIGNMENT,
  NON-FORFEITABILITY,
  EXCLUSIVE BENEFIT
  PROVISIONS
               1.   This  Contract  Owner is the  Annuitant.  There  shall be no
                    Joint  Owner.  The  Contract  Owner was  previously  a named
                    beneficiary  of one  of the  following  types  of  qualified
                    retirement plans.

                    (a)  a Traditional IRA Plan;
                    (b)  a SEP-IRA Plan;
                    (c)  a Simple IRA Plan; or
                    (d)  a Roth IRA Plan.

                    In  the  event  Internal  Revenue  Service  Regulations  are
                    interpreted  to allow  the  beneficiary  of  other  types of
                    qualified  retirement  plans to be rolled into an  Inherited
                    IRA,  these  qualified  retirement  plan assets will also be
                    permitted.  The  qualified  retirement  plan assets that are
                    being used to fund this Contract were previously owned by an
                    individual or were held for the benefit of an individual who
                    is now deceased.

                    The  purpose of this  Contract  is to provide  the  Contract
                    Owner with certain  rights  under the Internal  Revenue Code
                    that the Contract  Owner obtained as a beneficiary of one of
                    the above qualified retirement plans.

               2.   This Contract is not transferrable.

               3.   This  Contract  and the  benefits  under it  cannot be sold,
                    assigned or pledged as collateral  for a loan or as security
                    for  the  performance  of an  obligation  or for  any  other
                    purpose  to any  person  other  than  to the  issuer  of the
                    Contract.

               4.   The Contract  Owner's  entire  interest in this  Contract is
                    non-forfeitable.

               5.   This Contract is  established  for the exclusive  benefit of
                    the    Contract    Owner    and   the    Contract    Owner's
                    Beneficiary(ies).


  PURCHASE PAYMENTS
               6.   The initial Purchase Payment(s) are due on the Issue Date of
                    the Contract.  The initial Purchase  Payments do not have to
                    be received by the  Company at the same time.  However,  all
                    Purchase  Payments must be direct transfers of your interest
                    as a  beneficiary  from another IRA or qualified  retirement
                    plan,  where the deceased  owner is the same under each such
                    plan,   and  as  allowed   by   Internal   Revenue   Service
                    Regulations.

  DISTRIBUTION REQUIREMENTS
               7.   The Contract Owner is required to meet the required  minimum
                    distribution requirements as described in Section 1.408-8 or
                    Section   1.408A-6   of   the   Internal   Revenue   Service
                    Regulations.


S40713                                1                                 R-2/2005






  PROCEEDS PAYABLE ON DEATH

               8.   Upon the death of the Contract Owner,  the  Beneficiary(ies)
                    will  be  entitled  to  continue  receipt  of  the  Adjusted
                    Contract  Value  based on the  minimum  distribution  option
                    selected by the Contract Owner under either Section  1.408-8
                    or  Section   1.408A-6  of  the  Internal   Revenue  Service
                    Regulations. This Adjusted Contract Value will be determined
                    as of the  end of the  Valuation  Period  during  which  the
                    Company receives due proof of the Contract Owner's death and
                    the  Beneficiary's(ies')  election  of one  of  the  minimum
                    distribution   options  described  in  this  paragraph.   In
                    addition,  the  Beneficiary(ies)  will be entitled to take a
                    lump sum payment of the Adjusted  Contract Value  determined
                    as  stated  above.  The  Beneficiary(ies)  will not have any
                    other Death Benefit options under the Contract.


In all other respects the  provisions,  conditions,  exceptions and  limitations
contained in the Contract remain unchanged.

Signed for the Company at its home office.

         ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA

          /s/ Wayne A. Robinson           /s/ Douglas P. Reynolds
          Wayne A. Robinson                Douglas P. Reynolds
           Secretary                           President

S40713                                2                                 R-2/2005