SD
● Active
Standard Death Benefit
Allianz Life Insurance Company of North America
DTCC ID
—
COMPANY
Allianz Life Insurance Company of North America
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Standard Death Benefit
Internal benefit name
Standard Death Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
1
Inception date
—
Closed date
—
DTCC Rider ID
—
Last modified
May 30, 2024
Life & Age
Based on life
Owner (or Annuitant if owner is a natural entity)
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Mandatory
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
Subsequent purchase payment will increase benefit base by dollar-for-dollar amount.
Partial withdrawals
Withdrawals will reduce benefit base in same proportion.
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may elect to continue benefit after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. Upon death of owner or annuitant, benefit will be greater of - 1) contract value, or 2) traditional death benefit value. Traditional Death Benefit value is total of all purchase payments received, reduced by withdrawal.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.