TD
● Active
Traditional Death Benefit
Allianz Life Insurance Company of New York
DTCC ID
—
COMPANY
Allianz Life Insurance Company of New York
TYPE
RILA
INCEPTION
Aug 13, 2024
Identity
Benefit name
Traditional Death Benefit
Internal benefit name
Traditional Death Benefit
Product policy type
RILA
Status
● Active
Sequence
1
Inception date
Aug 13, 2024
Closed date
—
DTCC Rider ID
—
Last modified
Apr 30, 2025
Life & Age
Based on life
Owner (or Annuitant if owner is a non-natural person)
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
—
Partial withdrawals
Withdrawal reduce the benefit value proportionately.
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 the owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during Accumulation Phase as Basic Death Benefit. Upon the death of owner or annuitant benefit will be greater of the 1)Contract Value, or 2)Total Purchase Payments reduced proportionately for withdrawals.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May automatically gets terminated upon earliest of the 1) annuitization; 2) Guaranteed death benefit value or contract value reaches to zero; or 3) contract terminates
Available when added
Automatically included at contract issue.
Effect change ownership
Upon becoming the new Owner, the surviving spouse may exercise all ownership rights, including the ability to designate a new Beneficiary or Beneficiaries.