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              ®

      ALLIANZ INDEX
        ADVANTAGE INCOME ADV VARIABLE ANNUITY CONTRACT

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

        The
          information in this prospectus is not complete and may be changed. We cannot sell Allianz Index Advantage Income ADV® Variable Annuity
          pursuant to this prospectus until the Registration Statement containing this prospectus filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell the Contract and is not soliciting an offer to buy the
          Contract in any state where the offer or sale is not permitted.

      The variable annuity described in this prospectus is
        an individual flexible purchase payment index-linked variable deferred annuity contract (Contract). This prospectus describes the Contract between you, the Owner, and Allianz Life.

      The Contract allows you to allocate your money
        (Purchase Payments) and any earnings among the Contract’s investment options, which currently include index-linked investment options (Index Options). The Contract also includes the AZL Government Money Market Fund, but you cannot allocate Purchase
        Payments to this fund.

                •

                Index Options. Each Index Option is tied (or linked) to the performance of a specific market Index for a defined time period (Term). Each Index Option has a downside feature that provides limited protection against any
                  negative Index rate of return (Index Return) that may be credited to your investment for a Term. Limited protection from negative Index Returns is provided by the Buffer for Index Precision Strategy and Index Performance Strategy, and by
                  the Floor for the Index Guard Strategy. The Index maximum potential loss from negative Index Returns is: -90% with a 10% Buffer; -80% with a 20% Buffer; and -10% with the Floor.
                      The Index Protection Strategy with Trigger and Index Protection Strategy with Cap provide 100% protection against negative Index Returns. Each Index Option also has an upside feature that puts an upper limit on positive
                  Index Return that may be credited for a Term. The upper limit on positive Index Return is provided by the Cap for Index Performance Strategy, Index Guard Strategy, and Index Protection Strategy with Cap; and the Trigger Rate for Index
                  Precision Strategy and Index Protection Strategy with Trigger. Multi-year Term Index Options also have a Participation Rate that may allow you to receive
                  more than the positive Index Return.

                •

                AZL Government Money Market Fund. The sole purpose of the AZL Government Money Market Fund is to hold Purchase Payments until they are transferred to the Index Options. The AZL Government Money Market Fund performance is
                  based on the securities in which it invests.

        We expect to add Index Options from time to time. We
            currently offer the following Index Options:

                  •

                  Index Protection Strategy with Trigger 1-year Term with 0.50%
                      minimum Trigger Rate;

                  •

                  Index Protection Strategy with Cap 1-year Term with 0.50% minimum
                      Cap;

                  •

                  Index Precision Strategy 1-year Term with 10% Buffer and 3%
                      minimum Trigger Rate;

                  •

                  Index Guard Strategy 1-year Term with -10% Floor and 3% minimum
                      Cap;

                  •

                  Index Performance Strategy 1-year Term with 10% Buffer and 3%
                      minimum Cap;

        We•expect to add Index Options from time to timeIndex . We currently offer the following Index Options: Index Protection Strategy with Trigger 1-year Term with 0.50% minimum Trigger Rate; Index Protection Strategy with Cap 1-year Term with 0.50% minimum Cap; Index Precision Strategy 1-year Term with 10% Buffer and 3% minimum Trigger Rate; Index Guard
              Strategy 1-year Term with -10% Floor and 3% minimum Cap; Index Performance Strategy 1-year Term with 10% Buffer and 3% minimum Cap; Index
              Performance Strategy 3-year Term with 10% or 20% Buffer, 5% minimum Cap, and 100% minimum Participation Rate; and Index
              Performance Strategy 6-year Term with 10% Buffer, 10% minimum Cap, and 100% minimum Participation Rate.

                  •

                  Index Performance Strategy 6-year Term with 10% Buffer, 10% minimum Cap, and 100% minimum Participation Rate.

        These Buffers, Floors, and minimum Trigger Rates, Caps, and
          Participation Rates for each Index Option, respectively, will not change for life of the Contract.

      Index-linked and variable annuity contracts are complex insurance and investment vehicles. You may lose money, including your principal investment and previously credited earnings. Contract fees and expenses
          could cause your losses to be greater than the downside protection of the Index Options. Your losses may be significant. This Contract is not intended for someone who is seeking complete protection from downside risk, seeking unlimited investment potential, or expecting to take withdrawals that will not be subject to market value adjustments (MVAs) or Daily Adjustments. Before you investinvesting,
        be sure to ask your Financial Professional about the Contract’s features, benefits,

                  ®

                  Allianz Index Advantage Income ADV Variable Annuity Prospectus – May 1, 2023

                   1

      risks, fees and expenses, whether the Contract is
        appropriate for you based upon your financial situation and objectives, and for a specific recommendation to purchase the Contract. The
          Contract’s risks are described in Risk Factors on page 25 of this prospectus.

      Before the end of an Index
        Option’s Term, if you take any type of withdrawal, execute the Performance Lock feature, begin Income Payments or Annuity Payments, or if we pay a
        death benefit or deduct a fee or expense, we base the transaction on the interim value of your Index Option investment, which includes the Daily Adjustment. The Daily Adjustment fluctuates daily. With the Index Precision Strategy, Index Guard
        Strategy, or Index Performance Strategy the Daily Adjustment can be positive or negative. The maximum potential loss from a negative Daily Adjustment is: -99% for the Index Precision Strategy and Index Performance Strategy, and -35% for the Index Guard Strategy. However, with the Index Protection Strategy with Trigger and Index Protection Strategy with Cap the Daily Adjustment cannot be negative. The Daily Adjustment could reflect significantly
        less gain, or more loss than we would apply to an Index Option at the end of a Term. If you select multiple multihave Index Options-year Term Index Options with different Term End Dates, there may be no time that any such
        transaction can be performed without the application of at least one Daily Adjustment. A MVA also applies if you take a withdrawal, begin Income Payments or Annuity Payments, or we pay a death benefit within seven years after we apply a Purchase Payment to an Index Option (i.e., after we establish an Annual Contribution Amount). A MVA is an increase or decrease
            to Contract Value based on changes in interest rates from the date we establish an Annual Contribution Amount to the date of the withdrawal or
            payment.

      A market value adjustment (MVA) applies if within seven years after a Purchase Payment is applied to an Index Option you take a full or partial withdrawal or begin Annuity Payments, or we pay a death benefit. A MVA is an increase or decrease to Contract Value based on changes in interest rates.

      The Contract includes the Income Benefit which
        provides lifetime Income Payments for an additional charge. Income Payments are subject to a waiting period and are based on Contract Value, not a guaranteed value. Income Payments may be unavailable or end prematurely if you change ownership or Beneficiary(s). Negative
          earnings (including negative Performance Credits), withdrawals, and
          deductions of Contract fees and expenses (including any MVA) may cause Income Payments to be unavailable or end prematurely. You
          may pay for the Income Benefit without receiving any of its advantages.

      We designed the Contract for people who are
        receiving ongoing investment advice from third-party Financial Professionals who may charge an investment advisory fee for their services. The deduction of this investment advisory fee is in addition to this Contract’s fees and expenses we assess
        and will reduce your Contract Value, and will therefore have an indirect impact on features, benefits, and guarantees based on Contract Value. As
            such, if we deduct investment advisory fees on a day other than a Term End Date, we apply the Daily Adjustment (which can be negative) to the Contract Value before deducting these fees. If you
        authorize your Financial Professional’s firm to receive investment advisory fees deducted from your Contract, the deduction of these investment advisory fees is not subject to a MVA; does not reduce the amountAnnual Contribution Amounts used to determine the MVA, your Guaranteed Death
        Benefit Value, or Income Payments; and is not subject to federal and state income taxes or a 10% additional federal tax. Consult with a tax professional to determine the tax implications of
            advisory fees for state income tax.

      All obligations and guarantees under the Contract, including index-linked returns (Performance Credits), are the obligations of Allianz Life and are subject to
        our claims-paying ability and financial strength.

      Please read this prospectus before investing and keep
        it for future reference. The prospectus describes all material rights and obligations of purchasers under the Contract. It contains important information about the Contract and Allianz Life that you ought to know before investing including material
        state variations. Availability of Index Options may vary by financial intermediary. You can obtain information on which Index Options are available to you by calling (800) 624-0197, or from your Financial Professional. This prospectus is not
        offered in any state, country, or jurisdiction in which we are not authorized to sell the Contracts. You should rely only on the information contained in this prospectus. We have not authorized anyone to give you different information.

      If you are a new investor in the Contract, you may
        cancel your Contract within 10 days of receiving it without paying fees or penalties. In some states, this cancellation period may be longer. Upon cancellation, you will receive either a full refund of the amount you paid with your application or
        your total Contract Value. If you have an Individual Retirement Annuity Contract, we refund the greater of Purchase Payments less withdrawals, or total Contract Value. You should review this prospectus, or consult with your Financial Professional,
        for additional information about the specific cancellation terms that apply.

                  ®

                  Allianz Index Advantage Income ADV Variable Annuity Prospectus – May 1, 2023

                   2

      TABLE OF CONTENTS

              Glossary ............................................

              7

              Important Information You Should Consider

              About the Contract...................................

              15

              Overview of the Contract .......................

              20

              What Is the Purpose of the Contract?...........

              20

              What Are the Phases of the Contract? ..........

              21

              What Are the Contract’s Primary Features?....

              22

              Fee Tables..............................................

              23

              Transaction Expenses.............................

              24

              Annual Contract Expenses ....................

              24

              Annual Expenses of the AZL Government

              Money Market Fund ............................

              24

              Example .............................................

              24

              Risk Factors ....................................

              25

              Liquidity Risks ......................................

              25

              Income Benefit Risks ..........................

              26

              Risk of Change to the Income Benefit

              Supplement Prior to the Issue Date ..........

              27

              Risks of Investing in Securities...................

              27

              Risk of Negative Returns..........................

              29

              Risks Associated with Calculation of

              Performance Credits ...........................

              30

              Risks Associated with Performance Locks and

              Early Reallocations .............................

              30

              Risks Associated with Substitution of an Index and Limitation on Further Investments........

              31

              Risks
                    Associated with Changes to Trigger

              Rates, Caps, and Participation Rates........

              32

              Risks
                    Associated with Investment in

              Derivative Hedging Instruments ..............

              33

              Risks of Deducting Investment Advisory Fees

              From the Contract ..............................

              33

              Risks
                    Associated with Our Financial Strength

              and Claims-Paying Ability......................

              34

              Regulatory Protections ............................

              34

              1.The Contract ........................

              34

              When the Accumulation Phase Ends............

              35

              Investment Advisory Fees .....................

              35

              When the Contract Ends .......................

              37

              2.Ownership, Annuitant, Determining Life,

              Beneficiary, and Payee.......................

              38

              Owner................................................

              38

              Joint Owner .........................................

              38

              Annuitant ............................................

              38

              Determining Life (Lives) ........................

              39

              Beneficiary ..........................................

              39

              Eligible Person(s) and Covered Person(s) ..

              40

              Payee ................................................

              41

              Assignments, Changes of Ownership and

              Other Transfers of Contract Rights...........

              41

              3.Purchasing the Contract ......

              42

              Purchase Requirements .......................

              42

              Applications Sent Electronically..................

              42

              Allocation of Purchase Payments and

              Contract Value Transfers ......................