TG
● Active
Traditional GMDB
Allianz Life Insurance Company of North America
DTCC ID
—
COMPANY
Allianz Life Insurance Company of North America
TYPE
Variable Annuity
INCEPTION
Mar 02, 1997
Identity
Benefit name
Traditional GMDB
Internal benefit name
Traditional GMDB
Product policy type
Variable Annuity
Status
● Active
Sequence
1
Inception date
Mar 02, 1997
Closed date
—
DTCC Rider ID
—
Last modified
Feb 18, 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
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
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. Death Benefit will be greater of 1) Contract Value, 2) Traditional GMDB value: The total of all Purchase Payments received, reduced by: a) The percentage of Contract Value applied to traditional Partial Annuitization or withdrawals (including charges). b) The percentage of GMIB value applied to any GMIB Partial Annuitization (if applicable). (Formerly known as Basic Death Benefit).
Lifecycle Events
Cancellation
May not be Cancelled.
Termination
May not be Terminated.
Available when added
At Contract Issue.
Effect change ownership
None.