Beacon Data Entry
Enhanced Guaranteed Minimum Death Benefit
⌘K
EG
● Terminated

Enhanced Guaranteed Minimum Death Benefit

Allianz Life Insurance Company of North America
Edit
DTCC ID —
COMPANY Allianz Life Insurance Company of North America
TYPE Variable Annuity
INCEPTION Jan 02, 2002
Identity
Benefit name
Enhanced Guaranteed Minimum Death Benefit
Internal benefit name
Enhanced Guaranteed Minimum Death Benefit
Company
Allianz Life Insurance Company of North America
Product policy type
Variable Annuity
Status
● Terminated
Sequence
2
Inception date
Jan 02, 2002
Closed date
Apr 29, 2022
DTCC Rider ID
—
Last modified
May 21, 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
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. Does not provide benefits during the first contract year. Upon death of owner, benefit will be greater of - 1) contract value, or 2) Enhanced GMDB value. Enhanced GMDB value is equal to greater of - 1) 3% Annual Increase Amount (AIA), or 2) Maximum Anniversary Value (MAV). AIA at issue equal to initial purchase payment, thereafter, increased by additional purchase payments made and reduced by withdrawals. On each contract anniversary, accumulated at 3% annually, prior to owner's 81st birthday. 3% AIA, can never be more than 1.5 times of total purchase payments. MVA is equal to initial purchase payment at issue, thereafter increased by purchase payments made and reduced by withdrawals, MAV is set equal to highest contract value on any contract anniversary prior to owner's 81st birthday. MAV freeze on the day you exercise GPWB. Death benefit provided by enhanced GMDB will be greater or equal to traditional GMDB.

Lifecycle Events
Cancellation
Benefit may automatically terminate under certain conditions.
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.