BD
● Active
Basic Death Benefit
Allianz Life Insurance Company of North America
DTCC ID
—
COMPANY
Allianz Life Insurance Company of North America
INCEPTION
Feb 27, 2018
CLOSED
—
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Status
● Active
Inception date
27 Feb 2018
Closed date
—
Description & Notes
Benefit description
Available during accumulation phase. Upon death of owner, benefit will greater of - 1) contract value 2) guaranteed minimum value or premium minus any withdrawals and corresponding withdrawal charges, adjusted by any MVAs (net premium). The beneficiary can choose to receive contracts death benefit either as lump sum (a single payment) or as annuity payments.