PI
● Active
Protected Income Value
Modified 6 months ago
DTCC ID
—
RIDER TYPE
GLWB
COMPANY
—
INCEPTION
Feb 26, 2013
Identity
Name
Protected Income Value
Internal name
Protected Income Value (EEB - 150%)
Company
—
Rider type
GLWB
DTCC Rider ID
—
Product policy type
—
Status
● Active
Inception date
Feb 26, 2013
Age range
0 – 80
Benefit description
Rider provides income for life, with an opportunity to increase the Benefit Base by Interest Bonus and Premium Bonus. Post withdrawals, benefit base has potential to increase by any interest credited to the account, in addition to the Interest Bonus. Additionally, rider also includes an Allianz Income Multiplier Benefit, that doubles the lifetime withdrawal amount, if confined to a qualified hospital, nursing home or assisted living facility. or be unable to perform two of the six activities of daily living (ADLs) or severe cognitive impairment (state of California only).
Version notes
Change in benefit base bonus