TI
● Terminated
Total Income Package - Lifetime Income Benefit 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
Total Income Package - Lifetime Income Benefit Death Benefit
Internal benefit name
Total Income Package - Lifetime Income Benefit Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
2
Inception date
—
Closed date
Dec 31, 2007
DTCC Rider ID
—
Last modified
Mar 09, 2010
Life & Age
Based on life
Annuitant
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
—
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
Contact Issuer for details.
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
Benefit is only available in conjunction with Total Income Package - Lifetime Income Benefit. Upon death of annuitant, benefit base is equal to Liquidation Value. Liquidation Value is equal to - all partial LIBs multiplied by annual Market Payment multiplied by (liquidation factor corresponding to age of younger annuitant - LIB year). Issuer provides this rider to earlier of - 1) 10th Lifetime Income anniversary, or 2) 85th birthday, if death occurs after that date, this death benefit is not payable.
Lifecycle Events
Cancellation
Benefit may automatically terminate under certain conditions.
Termination
Benefit will automatically terminate upon termination of Total Income Package - Lifetime Income Benefit.
Available when added
Upon election of Total Income Package - Lifetime Income Benefit.
Effect change ownership
Contact Issuer for details.