Updating Summary Prospectus (Form 497VPU)

ALLIANZ ConnectionsTM VARIABLE ANNUITY CONTRACT issued on or after April 29, 2013

Issued by Allianz Life Variable Account B and Allianz Life Insurance Company of North America (Allianz Life, we, us, our)

 

Updating Summary Prospectus 

THE CONTRACT IS NO LONGER OFFERED FOR SALE TO NEW INVESTORS. We continue to administer the in force Contracts. In addition, for Contracts with Investment Protector, we no longer accept additional Purchase Payments.

This Summary Prospectus summarizes key features of an individual flexible purchase payment variable deferred annuity contract (Contract). The Contract is a complex investment and involves risks. You may lose money, including your principal investment and previously credited earnings.

The Statutory Prospectus for the Contract contains more information about the Contract, including its features, benefits, and risks. You can find this Statutory Prospectus and other information about the Contract online at https://www.allianzlife.com/what-we-offer/annuities/prospectuses. You can also obtain this information at no cost by calling (800) 624-0197 or by sending an email request to [email protected].

This Contract is not a short-term investment and is not appropriate if you need ready access to cash. Withdrawals could result in withdrawal charges, taxes, and tax penalties.

All obligations and guarantees under the Contract are the obligations of Allianz Life and are subject to our claims-paying ability and financial strength.

The Securities & Exchange Commission (SEC) has not approved or disapproved these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense. An investment in this Contract is not a deposit of a bank or financial institution and is not federally insured or guaranteed by the Federal Deposit Insurance Corporation or any other federal government agency. An investment in this Contract involves investment risk including the possible loss of principal.

Additional information about certain investment products, including variable annuities, has been prepared by the SEC's staff and is available at https://www.investor.gov.

Dated: May 1, 2026

 

Glossary		3
Updated Information About Your Contract		5
Important Information You Should Consider About the Contract		6
Appendix A - Investment Options Available Under the Contract		9

Glossary

This prospectus is written in plain English. However, there are some technical words or terms that are capitalized and are used as defined terms throughout the prospectus. For your convenience, we included this glossary to define these terms. 

NOTE: Cross references in this Updating Summary Prospectus are to the sections of the Statutory Prospectus where you can find more detailed information.

Accumulation Phase - the initial phase of your Contract before you apply your total Contract Value to Annuity Payments. The Accumulation Phase begins on the Issue Date.

Annuity Date - the date we process your request to begin making Annuity Payments to the Payee from the Contract. The earliest available Annuity Date is two years after the Issue Date, and the latest possible Income Date can occur as late as age 100.

Benefit Base - the amount we use to determine the initial annual maximum Lifetime Plus Payment under Income Protector.

Benefit Date - the date you begin receiving Lifetime Plus Payments under Income Protector, or Income Focus Payments under Income Focus.

Contract - the individual flexible purchase payment variable deferred annuity contract described by this prospectus.

Contract Anniversary - a twelve-month anniversary of the Issue Date or any subsequent twelve-month Contract Anniversary.

Contract Value - on any Business Day, the sum of the values in your selected Investment Options. The Contract Value reflects the deduction of any contract maintenance charge, transfer fee, M&E charge, and rider charge, but does not reflect the deduction of any withdrawal charge.

Contract Year - any period of twelve months beginning on the Issue Date or a subsequent Contract Anniversary.

Financial Professional - the person who advises you regarding the Contract.

Fund(s) - the underlying fund in which an Investment Option invests.

Income Focus - an optional benefit that has an additional rider charge and is intended to provide a payment stream for life in the form of partial withdrawals. Income Focus provides no payment until the younger Covered Person is at least age 60.

Income Protector - an optional benefit that has an additional rider charge and is intended to provide a payment stream for life in the form of partial withdrawals. Income Protector provides no payment until the younger Covered Person is at least age 60.

Investment Options - the subaccounts of the Separate Account and the variable investment options available under the Contract. Each Investment Option invests exclusively in the shares of its corresponding underlying Fund.

Investment Protector - an optional benefit that has an additional rider charge and is intended to provide a level of protection for your principal and any annual investment gains on a specific date in the future.

Non-Qualified Contract - a Contract that is not a Qualified Contract.

Owner - "you," "your" and "yours." The person(s) or entity designated at Contract issue and named in the Contract who may exercise all rights granted by the Contract.

Purchase Payment - the money you put into the Contract.

Qualified Contract - a Contract that qualifies for special tax treatment under sections of the Internal Revenue Code (Code).

Quarterly Anniversary Value - the highest Contract Value on any Quarterly Anniversary before age 91, adjusted for subsequent Purchase Payments and withdrawals, used to determine Income Protector's Benefit Base, and the Quarterly Value Death Benefit.

Quarterly Value Death Benefit - an optional benefit that has an additional M&E charge and was intended to provide an increased death benefit. Quarterly Value Death Benefit required selection of an Additional Required Benefit.

Rider Year - any period of twelve months beginning on the Rider Effective Date or a subsequent Rider Anniversary if you have Income Protector, Income Focus or Investment Protector.

Traditional Death Benefit - the standard death benefit provided by the Contract that is equal to the greater of Contract Value or the Traditional Death Benefit Value.

Traditional Death Benefit Value - total Purchase Payments adjusted for withdrawals.

Updated Information About Your Contract

The information in this Updating Summary Prospectus is a summary of certain Contract features that have changed since the Statutory Prospectus dated May 1, 2025. This may not reflect all of the changes that have occurred since you entered into your Contract.

There have been no material changes to your Contract's features since the date of your most recent Statutory Prospectus.

Important Information You Should Consider About the Contract 

	FEES, EXPENSES, AND ADJUSTMENTS			Prospectus Location
Are There Charges or Adjustments for Early Withdrawals?	Yes, if you withdraw money from the Contract within 7 years of your last Purchase Payment, you will be assessed a withdrawal charge of up to 8.5% of the Purchase Payment withdrawn, declining to 0% over that time period.   For example, if you invest $100,000 in the Contract and make an early withdrawal, you could pay a withdrawal charge of up to $8,500. The potential for loss on an early withdrawal could be greater due to taxes or tax penalties.			Fee Tables   6. Expenses - Withdrawal Charge
Are There Transaction Charges?	Yes, in addition to withdrawal charges you may also be charged for other Contract transactions. We will charge you a fee of $25 per transfer after you exceed 12 transfers between Investment Options (the variable investments available to you) in a Contract Year.			Fee Tables   6. Expenses - Transfer Fee
Are There Ongoing Fees and Expenses?	Yes, there are ongoing fees and expenses. The table below describes the fees and expenses that you may pay each year, depending on the options you choose. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected. These ongoing fees and expenses do not reflect any adviser fees paid to an investment adviser from your Contract Value or other assets of the Owner. If such charges were reflected, these ongoing fees and expenses would be higher.			Fee Tables   6. Expenses   Appendix A - Investment Options Available Under the Contract
	Annual Fee	Minimum	Maximum
	Base Contract(1) (varies by Contract class)	1.16%	1.16%
	Investment Options(2) (Fund fees and expenses)	0.50%	3.38%
	Optional Benefits Available for an Additional Charge (for a single optional benefit, if elected)	0.30%(3)	2.75%(4)
	(1) As a percentage of each Investment Option's average net assets, plus an amount attributable to the contract maintenance charge.
	(2) As a percentage of a Fund's average daily net assets.
	(3) As a percentage of each Investment Option's net asset value. This is the lowest current charge for an optional benefit (the Quarterly Value Death Benefit).
	(4) As a percentage of the Benefit Base. This is the highest current charge for an optional benefit (Income Protector - joint payments).
	Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year, based on current charges. This estimate assumes that you do not take withdrawals from the Contract, which could add withdrawal charges that substantially increase costs.
	Lowest Annual Cost $1,537	Highest Annual Cost $6,209
	Assumes: ●Investment of $100,000 ●5% annual appreciation ●Least expensive combination of Fund fees and expenses ●No optional benefits ●No additional Purchase Payments, transfers, or withdrawals ●No adviser fees	Assumes: ●Investment of $100,000 ●5% annual appreciation ●Most expensive combination of optional benefits, and Fund fees and expenses ●No additional Purchase Payments, transfers, or withdrawals ●No adviser fees

Appendix A - Investment Options Available Under the Contract

The following includes information about the Funds available under the Contract. More information about the Funds is available in the Funds' prospectuses, which may be amended from time to time and can be found online at https://www.allianzlife.com/variableoptions. You can also request this information at no cost by calling (800) 624-0197, or by sending an email request to [email protected]. Depending on the optional benefits you chose, you may not be able to invest in certain Investment Options. See Appendix B - Investment Restrictions for Optional Benefits.

The current expenses and performance information below reflects fees and expenses of the Funds, but does not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Fund's past performance is not necessarily an indication of future performance. 

Investment Objectives	Fund and Adviser/Subadviser	Current Expenses	Average Annual Total Returns (as of December 31, 2025)
			1 Year	5 Years	10 Years
Long-term capital appreciation with preservation of capital as an important consideration	AZL® Balanced Index Strategy Fund   Adviser: Allianz Investment Management LLC	0.71%	13.34%	5.37%	6.88%
Long-term capital appreciation	AZL® DFA Multi-Strategy Fund   Adviser: Allianz Investment Management LLC	0.87%	15.03%	7.44%	7.91%
Exceed total return of the Bloomberg Capital U.S. Aggregate Bond Index	AZL® Enhanced Bond Index Fund   Adviser: Allianz Investment Management LLC Subadviser: BlackRock Financial Management, Inc.	0.66%	6.86%	-0.72%	1.65%
High level of current income while maintaining prospects for capital appreciation	AZL® Fidelity Institutional Asset Management® Multi-Strategy Fund - Class 2(1)   Adviser: Allianz Investment Management LLC Subadviser: FIAM® LLC	0.71%	11.22%	6.11%	7.58%
High level of current income	AZL® Fidelity Institutional Asset Management® Total Bond Fund - Class 2   Adviser: Allianz Investment Management LLC Subadviser: FIAM® LLC	0.91%	7.64%	0.31%	2.85%
Current income consistent with stability of principal	AZL® Government Money Market Fund(1)   Adviser: Allianz Investment Management LLC Subadviser: BlackRock Advisors, LLC	0.65%	3.70%	2.62%	1.57%

Allianz ConnectionsTM Variable Annuity Prospectus - May 1, 2026

Allianz ConnectionsTM Variable Annuity Prospectus - May 1, 2026

Allianz ConnectionsTM Variable Annuity Prospectus - May 1, 2026

Allianz ConnectionsTM Variable Annuity Prospectus - May 1, 2026

Investment Objectives	Fund and Adviser/Subadviser	Current Expenses	Average Annual Total Returns (as of December 31, 2025)
			1 Year	5 Years	10 Years
Maximum real return, consistent with preservation of real capital and prudent investment management	PIMCO Real Return Portfolio - Admin. Class(1,3)   Adviser: Pacific Investment Management Company LLC	1.39%	7.87%	1.22%	3.20%
Total return, which exceeds that of its secondary benchmark index consistent with prudent investment management	PIMCO StocksPLUS® Global Portfolio - Advisor Class(1)   Adviser: Pacific Investment Management Company LLC	0.93%	24.25%	10.89%	11.08%
Maximum total return, consistent with preservation of capital and prudent investment management	PIMCO Total Return Portfolio - Admin. Class   Adviser: Pacific Investment Management Company LLC	0.73%	8.90%	0.02%	2.36%
High current income, consistent with preservation of capital, with capital appreciation as a secondary consideration	Templeton Global Bond VIP Fund - Class 2(1,3)   Adviser: Franklin Advisers, Inc.	0.75%	15.73%	-0.96%	-0.15%

(1) This Fund's annual expenses reflect temporary fee reductions. Please see the Fund's prospectus for information regarding the expense reimbursement or fee waiver arrangement.

(2) This Fund is managed in a way that is intended to minimize volatility of returns (referred to as a "managed volatility strategy"). For more information see Principal Risks of Investing in the Contract - Managed Volatility Investment Option Risk, or refer to the Fund's prospectus.

(3) This Investment Option is only available to Contracts issued before October 16, 2017.

EDGAR Contract ID No.: C000119017

CNT-400-USP

Allianz ConnectionsTM Variable Annuity Prospectus - May 1, 2026