● Terminated

Third Enhanced GMWB

Allianz Life Insurance Company of North America

Edit

DTCC ID —

COMPANY Allianz Life Insurance Company of North America

TYPE Variable Annuity

INCEPTION —

Identity

Benefit name

Third Enhanced GMWB

Internal benefit name

Third Enhanced GMWB

Company

Allianz Life Insurance Company of North America

Product policy type

Variable Annuity

Status

● Terminated

Sequence

Inception date

—

Closed date

—

DTCC Rider ID

—

Last modified

May 21, 2025

Life & Age

Based on life

Owner (or Annuitant if owner is a non-natural person)

Single life

Joint life

Min age

—

Max age

—

Rider select rule

Optional

Waiting period

—

Waiting term

—

Benefit Base

Maximum benefit base

—

Maximum benefit base %

—

With reduce benefit base

—

Subsequent premium

Subsequent Purchase Payments are not permitted except states CT, FL and NJ. 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

None.

Coverage Flags

Exclude premium bonus

Spousal continuation option

Yes

Spousal continuation detail

Surviving spouse may elect to continue benefit after death of owner.

State Availability

Exception flag

Available in states

—

Benefit Description

Available during accumulation phase. Upon death of owner, benefit will be greater of - 1) contract value, or 2) Enhanced GMDB value. Enhanced GMDB value is equal to greater of - 1) 3% Annual Increase Amount (AIA), or 2) Maximum Anniversary Value (MAV). AIA at issue equal to initial purchase payment, thereafter, increased by additional purchase payments made and reduced by withdrawals. On each contract anniversary, accumulated at 3% annually, prior to owner's 81st birthday. 3% AIA, can never be more than 1.5 times of total purchase payments. MVA is equal to initial purchase payment at issue, thereafter increased by purchase payments made and reduced by withdrawals, MAV is set equal to highest contract value on any contract anniversary prior to owner's 81st birthday.

Lifecycle Events

Cancellation

Benefit may automatically terminate under certain conditions.

Termination

Benefit will automatically terminate upon earliest of - 1) annuitization, 2) surrender, or 3) contract value and benefit base reduces to zero.

Available when added

Only at contract issue.

Effect change ownership

Not Applicable.