NOTICE OF INVESTMENT OPTION CHANGES

Dated September 5, 2017

To the variable annuity products:

Retirement Pro^®

Retirement Pro^® New York

Retirement Advantage^SM

Retirement Advantage^SM New York

Issued by

Allianz Life Insurance Company of North America and Allianz Life Variable Account B

Allianz Life Insurance Company of New York and Allianz Life of NY Variable Account C
(collectively, "Allianz Life")

This notice provides contract information you should keep for future reference.

Effective October 16, 2017, the Investment Options available to you are changing. The following table includes the Investment Options that will be available and the Investment Options that are closing. We no longer allow asset to move inot the closed Investment Options in the Base Account and Portfolio Choice Account either by Purchase Payments or Owner directed transfer requests. However, in the Income Advantage Account, Heritage Account and Retirement Protection Account we may allow assets to move into a closed Investment Option if you already have assets in that closed Investment Option.

Available Investment Options		Closed Investment Options
ALLIANZ FUND OF FUNDS AZL^® Moderate Index Strategy Fund AZL MVP Fusion^SM Dynamic Balanced Fund AZL MVP Fusion^SMDynamic Conservative Fund AZL MVP Fusion^SM Dynamic Moderate Fund AZL^® MVP Growth Index Strategy Fund BLACKROCK AZL^® Government Money Market Fund⁽³⁾ AZL^® International Index Fund⁽²⁾ AZL^® Mid Cap Index Fund⁽²⁾ AZL^® MSCI Emerging Markets Equity Index Fund⁽¹⁾ AZL^® MSCI Global Equity Index Fund AZL^®Russell 1000 Growth Index Fund⁽²⁾ AZL^®Russell 1000 Value Index Fund⁽²⁾ AZL^® S&P 500 Index Fund AZL^® Small Cap Stock Index Fund⁽¹⁾ BlackRock Equity Dividend V.I. Fund DIMENSIONAL AZL^® DFA Five-Year Global Fixed Income Fund^{(3), (4)} EATON VANCE Eaton Vance VT Floating-Rate Income Fund FIDELITY Fidelity VIP Emerging Markets Portfolio Fidelity VIP Mid Cap Portfolio Fidelity VIP Strategic Income Portfolio GATEWAY AZL^® Gateway Fund⁽²⁾ INVESCO Invesco V.I. American Value Fund Invesco V.I. Balanced-Risk Allocation Fund J.P. MORGAN JPMorgan Insurance Trust Core Bond Portfolio LAZARD Lazard Retirement International Equity Portfolio Lazard Retirement U.S. Small-Mid Cap Equity Portfolio	MFS MFS VIT II International Value Portfolio MFS VIT Total Return Bond Portfolio MFS VIT Utilities Portfolio MORGAN STANLEY AZL^® Morgan Stanley Global Real Estate Fund⁽¹⁾ OPPENHEIMER FUNDS Oppenheimer Global Multi-Alternatives Fund/VA Oppenheimer International Growth Fund/VA PIMCO PIMCO VIT CommodityRealReturn^® Strategy Portfolio⁽¹⁾ PIMCO VIT Long-Term U.S. Government Portfolio PIMCO VIT Low Duration Portfolio PIMCO VIT StocksPLUS^® Global Portfolio PIMCO VIT Total Return Portfolio⁽³⁾ PYRAMIS AZL^® Pyramis^® Total Bond Fund PYRAMIS/GEODE AZL^® Pyramis^® Multi-Strategy Fund T. ROWE PRICE AZL^® T. Rowe Price Capital Appreciation Fund T. Rowe Price Blue Chip Growth Portfolio T. Rowe Price Equity Income Portfolio T. Rowe Price Health Sciences Portfolio WADDELL & REED INVESTMENT MANAGEMENT COMPANY Ivy VIP Asset Strategy Portfolio Ivy VIP Energy Portfolio Ivy VIP Growth Portfolio Ivy VIP Mid Cap Growth Portfolio Ivy VIP Natural Resources Portfolio Ivy VIP Science and Technology Portfolio LEGG MASON ClearBridge Variable Aggressive Growth Portfolio QS Legg Mason Dynamic Multi-Strategy VIT Portfolio	BLACKROCK BlackRock Global Allocation V.I. Fund⁽²⁾ DREYFUS Dreyfus VIF Appreciation Portfolio FRANKLIN TEMPLETON Franklin Founding Funds Allocation VIP Fund Franklin Income VIP Fund Franklin Mutual Shares VIP Fund Franklin Rising Dividends VIP Fund Franklin Strategic Income VIP Fund Franklin U.S. Government Securities VIP Fund⁽³⁾ Templeton Global Bond VIP Fund⁽³⁾ Templeton Growth VIP Fund NFJ Allianz NFJ Dividend Value VIT Portfolio PIMCO PIMCO VIT All Asset Portfolio PIMCO VIT Emerging Markets Bond Portfolio⁽¹⁾ PIMCO VIT Global Bond Portfolio (Unhedged)⁽³⁾ PIMCO VIT Global Multi-Asset Managed Allocation Portfolio⁽²⁾ PIMCO VIT High Yield Portfolio⁽³⁾ PIMCO VIT Real Return Portfolio⁽³⁾ PIMCO VIT Unconstrained Bond Portfolio⁽³⁾

(1)	Investment Options available in Group 1 for the Income Advantage Account, Heritage Account, and Retirement Protection Account.

(2)	Investment Options available in Group 2 for the Income Advantage Account, Heritage Account, and Retirement Protection Account.

(3)	Investment Options available in Group 3 for the Income Advantage Account, Heritage Account, and Retirement Protection Account.

(4)	New Investment Option – see p.2 for further information.

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As of 4 p.m. Eastern Time on October 13, 2017, the closed Investment Options in the Base Account and Portfolio Choice Account will no longer accept additional Purchase Payments to, or transfers that you request from other Investment Options, including automatic investment plan (AIP) payments, dollar cost averaging (DCA) program transfers, and flexible rebalancing transfers. Closed Investment Options are treated differently in the Income Advantage Account, Heritage Account or Retirement Protection Account.

For closed Investment Options in the Base Account or Portfolio Choice Account, we no longer allow assets to move into a closed Investment Option either by Purchase Payment or transfer. We will automatically remove any closed Investment Options from your account allocation instructions for any future Purchase Payments or transfers (including any AIP Purchase Payments, DCA transfers, or flexible rebalancing transfers). If we do this, we will proportionately reallocate 100% of the amount you previously allotted to the closed Investment Options among your remaining selected Investment Options. If you have no remaining Investment Options we change your allocation instructions so that 100% is allocated to the AZL Government Money Market Fund. If all, or if all but one, of the Investment Options you selected for a flexible rebalancing program are closed, the flexible rebalancing program will end. If you are participating in the DCA program and all of the Investment Options you are transferring into are closed, the DCA program will end.

For closed Investment Options in the Income Advantage Account, Heritage Account or Retirement Protection Account, we will not remove any closed Investment Options from your account's future Purchase Payment allocation instructions and the closed Investment Options will continue to be subject to the automatic quarterly asset rebalancing transfers. In addition, if you have an active AIP for one of these accounts, your automatic Purchase Payments for these accounts will continue as normal unless you provide us with alternate instructions. However, if you change your future Purchase Payment allocation instructions for these accounts, the closed Investment Options will not be available to you.

Assets in closed Investment Options will remain in those Investment Options until we receive alternate instructions from you.

2.	Effective October 16, 2017, the following Investment Option Name is changed:

Previous Name	New Name
Ivy VIP Global Natural Resources Portfolio	Ivy VIP Natural Resources Portfolio

Effective October 16, 2017, we are adding the following Investment Option to all accounts for your product:
AZL DFA Five-Year Global Fixed Income Fund. This Investment Option is added to Group 3 for the Income Advantage Account, Heritage Account and Retirement Protection Account.
Here is some important information about this Investment Option.

Investment Management Company and Adviser/Subadviser	Investment Option Name	Asset Class	Investment Objective	Principal Investment Strategies (Normal market conditions)
DIMENSIONAL FUND ADVISORS
Managed by Allianz Investment Management LLC/Dimensional Fund Advisors LP	AZL DFA Five-Year Global Fixed Income Fund	Global Bond	The Fund seeks to provide a market rate of return for a fixed income portfolio with low relative volatility of returns, and seeks to focus the eligible universe on securities with relatively less expected upward or downward movement in market value	Invests generally in a universe of U.S. and foreign debt securities maturing in five years or less. Under normal circumstances, the fund will invest at least 80% of its net assets in fixed income securities that mature within five years from the date of settlement

Investment Option	Management fees	Rule 12b‑1 fees	Service fees	Other expenses	Acquired fund fees and expenses	Total annual fund operating expenses before fee waivers and/or expense reimbursements
DIMENSIONAL FUND ADVISORS
AZL DFA Five-Year Global Fixed Income Fund	.60	.25	-	.05	-	.90

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