Allianz Life Insurance Co. of North America selected the Mutual Shares...

Allianz Life Insurance Co. of North America selected the Mutual Shares and Mutual Discovery funds, recently acquired by Franklin Templeton Group, as subaccounts for its variable annuity product, effective Nov. 11. The funds - Franklin Valuemark II, Valuemark III, Valuemark Life and Franklin Templeton Valuemark Income Plus - will offer portfolios modeled after the Mutual Shares and Mutual Discovery mutual funds to existing and new contracts, pending SEC and state approvals. The insurance contracts are issued by Allianz or its wholly owned subsidiary, Preferred Life Insurance Co. of New York.