Short Withdrawal Charge Benefit
Product:
Allianz Elite Variable Annuity
Status:
Terminated
Internal name:
Sequence:
1
Rider select rule:
Optional
Participant based on:
Owner and Annuitant
Inception date:
2006-09-25
Closed date:
2008-09-22
States available:
State exceptions:
Notes:
Short withdrawal charge is an optional benefit that reduces the withdrawal charge period to four years for an additional M&E charge during the first seven Contract Years. Short Withdrawal Charge Option may not be available in all states. Available during accumulation phase only.
When added:
No longer available for new purchases.
Cancellation / termination:
Once elected may not be cancelled.
Feature termination:
Once elected may not be cancelled.
Feature cases
| Case name | Current charge (%) | Max charge (%) | Owner age (min–max) | Annuitant age (min–max) |
|---|---|---|---|---|
| Short Withdrawal Charge Benefit | 0 |