TD
● Terminated
Traditional Death Benefit
Allianz Life Insurance Company of New York
DTCC ID
—
COMPANY
Allianz Life Insurance Company of New York
TYPE
RILA
INCEPTION
—
Identity
Benefit name
Traditional Death Benefit
Internal benefit name
Traditional Death Benefit
Product policy type
RILA
Status
● Terminated
Sequence
1
Inception date
—
Closed date
Jan 03, 2023
DTCC Rider ID
—
Last modified
May 21, 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
None.
Partial withdrawals
None.
Required min distributions
None.
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, as the Basic death benefit. Upon death of participant, benefit will be greater of - 1) contract value; or 2) purchase payments received adjusted for withdrawals.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
Benefit will automatically terminated upon earliest of 1) annuitization, 2) total purchase payment adjusted for withdrawals and contract value are both zero, 3) death, or 4) contract termination
Available when added
No longer available for new purchases.
Effect change ownership
None.