BD
● Active
Basic Death Benefit
Allianz Life Insurance Company of North America
DTCC ID
—
COMPANY
Allianz Life Insurance Company of North America
INCEPTION
May 06, 2025
CLOSED
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Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Status
● Active
Inception date
06 May 2025
Closed date
—
Description & Notes
Benefit description
Available during accumulation phase, upon death of owner, two choices are available for beneficiaries: The greater of the contract's accumulation value, guaranteed minimum value, or cumulative withdrawal amount is available as a lump sum or may be taken as annuity payments over at least five years. The Protected Income Value may be taken as annuity payments over a period of at least five years, limited to 250% of the accumulation value.