Beacon Data Entry
Maximum Anniversary Death Benefit
⌘K
MA
● Terminated

Maximum Anniversary Death Benefit

Allianz Life Insurance Company of New York
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DTCC ID —
COMPANY Allianz Life Insurance Company of New York
TYPE Variable Annuity
INCEPTION Sep 20, 2010
Identity
Benefit name
Maximum Anniversary Death Benefit
Internal benefit name
Maximum Anniversary Death Benefit
Company
Allianz Life Insurance Company of New York
Product policy type
Variable Annuity
Status
● Terminated
Sequence
3
Inception date
Sep 20, 2010
Closed date
Apr 29, 2011
DTCC Rider ID
—
Last modified
Oct 28, 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
Optional
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 greatest of - 1) contract value, 2) purchase payments adjusted for withdrawals or 3) maximum anniversary value. Maximum anniversary value at issue is equal to purchase payment thereafter, increased by subsequent payments and reduced by withdrawals, on each quarterly anniversary prior to owner's 91st birthday, is equal to contract value, if greater. If Maximum Anniversary Death Benefit is elected, owner must also have either Income Protector, Investment Protector, or one of the previously available Lifetime or Target Date Benefits (an Additional Required Benefit). If No Withdrawal Charge Option or Maximum Anniversary Death Benefit is elected owner must also select Income Focus, Income Protector or Investment Protector at issue.

Lifecycle Events
Cancellation
Once elected may not be cancelled.
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
No longer available for new purchases.