|
||||||||||||||||||||||||||
| SEC Info℠ | | | Home | | | Search | | | My Interests | | | Help | | | Sign In | | | Please Sign In | |||||||
|
||||||||||||||||||||||||||
As Of Filer Filing For·On·As Docs:Size 4/26/24 Allianz Life of NY Var Account C 485BPOS 5/01/24 8:7.4M → Allianz Life of NY Variable Account C ⇒ Allianz Vision New York Variable Annuity issued from May 2, 2011 through April 26, 2013 |
Document/Exhibit Description Pages Size
1: 485BPOS Vision Ny Vs10 (Pos) 485B HTML 4.62M
2: EX-99.27(C)3 Exhibit27(C)3 - the Current Specimen of the HTML 71K
Selling Agreement
3: EX-99.27(I)8 Exhibit27(I)8 - Service Agreement Betw Azna and HTML 101K
Azny
4: EX-99.27(I)9 Exhibit 27(I)9 - Amended and Restated Service HTML 170K
Agreement for Subcontracted Services Betw Azna and
Azny
5: EX-99.27(K) Exhibit 27(K) - Op&Consent Letter-Ny HTML 9K
6: EX-99.27(L) Exhibit 27(L) - Audit Consent-Ny HTML 6K
7: EX-99.27(P) Exhibit-27(P) Power of Attorney-Ny HTML 32K
8: EX-99.29 Exhibit 29 - Org Chart HTML 13K
|
Filed on April 26, 2024
|
||||||
|
485BPOS
|
File Nos. 333-171428
|
|||||
|
Allianz Vision New York (POS)
|
||||||
|
Class I.D. C000098187
|
||||||
|
UNITED STATES
|
||||||
|
SECURITIES AND EXCHANGE COMMISSION
|
||||||
|
WASHINGTON, D.C. 20549
|
||||||
|
FORM N-4
|
||||||
|
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
|
||||||
|
Pre-Effective Amendment No.
|
||||||
|
Post-Effective Amendment No.
|
37
|
X
|
||||
|
and/or
|
||||||
|
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
|
||||||
|
Amendment No.
|
291
|
X
|
||||
|
(Check appropriate box or boxes.)
|
||||||
|
ALLIANZ LIFE OF NY VARIABLE ACCOUNT C
|
||||||
|
(Exact Name of Registrant)
|
||||||
|
(Name of Depositor)
|
||||||
|
(Address of Depositor's Principal Executive Offices) (Zip Code)
|
||||||
|
(763) 582-6089
|
||||||
|
(Depositor's Telephone Number, including Area Code)
|
||||||
|
1633 Broadway, 42nd Floor
|
||||||
|
(Name and Address of Agent for Service)
|
||||||
|
Copies to:
|
||||||
|
Doug B. Hodgson, Senior Counsel, Associate General Counsel
|
||||||
|
Allianz Life Insurance Company of North America
|
||||||
|
5701 Golden Hills Drive
|
||||||
|
(763) 582-6089
|
||||||
|
It is proposed that this filing will become effective (check the appropriate box):
|
||||||
|
immediately upon filing pursuant to paragraph (b) of Rule 485
|
||||||
|
x
|
on May 1, 2024 pursuant to paragraph (b) of Rule 485
|
|||||
|
60 days after filing pursuant to paragraph (a)(1) of Rule 485
|
||||||
|
on (date) pursuant to paragraph (a)(1) of Rule 485
|
||||||
|
If appropriate, check the following:
|
||||||
|
this post-effective amendment designates a new effective date for a previously filed post-effective amendment.
|
||||||
|
Approximate Date of the Proposed Public Offering: May 1, 2024
|
||||||
|
Titles of Securities Being Registered: Individual Flexible Purchase Payment Variable Deferred Annuity Contracts
|
||||||
|
THE CONTRACT IS NO LONGER OFFERED FOR
SALE TO NEW INVESTORS.
We continue to administer the in force Contracts.
|
|
|
FEES AND
EXPENSES
|
Prospectus
Location
|
||
|
Charges for
Early
Withdrawals
|
Your Contract may be subject to withdrawal charges that differ
depending on the Contract
class you have (Base Option, Bonus Option, Short Withdrawal Charge
Option, or No
Withdrawal Charge Option).
• Base Option. If you withdraw money from the Contract within 7 years of your
last
Purchase Payment, you will be assessed a withdrawal charge of up to
8.5% of the
Purchase Payment withdrawn, declining to 0% over that time period.
• Bonus Option. If you withdraw money from the Contract within 9 years of
your last
Purchase Payment, you will be assessed a withdrawal charge of up to
8.5% of the
Purchase Payment withdrawn, declining to 0% over that time period.
• Short Withdrawal Charge Option. If you withdraw money from the Contract
within 4
years of your last Purchase Payment, you will be assessed a
withdrawal charge of up to
8.5% of the Purchase Payment withdrawn, declining to 0% over that
time period.
• No Withdrawal Charge Option. No withdrawal charge.
For example, if you invest $100,000 in the Contract and make an
early withdrawal, you
could pay a withdrawal charge of up to $8,500 if you have a Base Option, Bonus Option,
or Short Withdrawal Charge Option Contract. No withdrawal charges
would apply to a No
Withdrawal Charge Option Contract.
|
3. Fee Tables
11. Expenses –
Withdrawal
Charge
|
||
|
Transaction
Charges
|
In addition to withdrawal charges (if any), you may also be charged
for other Contract
transactions. We will charge you a fee of $25 per transfer after you
exceed 12 transfers
between Investment Options (the variable investments available to
you) in a Contract Year.
|
3. Fee Tables
11. Expenses –
Transfer Fee
|
||
|
Ongoing Fees
and Expenses
(annual
charges)
|
The table below describes the fees and expenses that you may pay each year, depending
on the options you choose. Please refer to your Contract
specifications page for information
about the specific fees you will pay each year based on the options you
have elected.
These ongoing fees and expenses do not reflect any adviser fees paid
to an investment
adviser from your Contract Value or other assets of the Owner. If
such charges were
reflected, these ongoing fees and expenses would be higher.
|
3. Fee Tables
11. Expenses
Appendix A –
Investment
Options Available
Under the
Contract
|
||
|
Annual Fee
|
Minimum
|
Maximum
|
||
|
Base Contract(1)
(varies by Contract class)
|
1.41%
|
1.91%
|
||
|
Investment Options(2)
(Investment Option fees and expenses)
|
0.48%
|
2.01%
|
||
|
|
Optional Benefits Available for an Additional
Charge
(for a single optional benefit, if elected)
|
0.30%(3)
|
2.75%(4)
|
|
|
|
(1)
As a percentage of each Investment Option’s average net assets, plus
an amount attributable to the contract
maintenance charge.
|
|
||
|
|
(2)
As a percentage of an Investment Option’s average daily net assets.
|
|
||
|
|
(3)
As a percentage of each Investment Option’s average net assets. This
is the lowest current charge for an
optional benefit (the Maximum Anniversary Death Benefit or Quarterly
Value Death Benefit).
|
|
||
|
|
(4)
As a percentage of the Benefit Base. This is the highest current
charge for an optional benefit (Income
Protector – joint payments).
|
|
||
|
|
FEES AND
EXPENSES
|
Prospectus
Location
|
||
|
|
Because your Contract is customizable, the choices you make affect
how much you will
pay. To help you understand the cost of owning your Contract, the
following table shows the
lowest and highest cost you could pay each year, based on current
charges. This estimate
assumes that you do not take withdrawals from the Contract, which could add withdrawal
charges that substantially increase costs.
|
|
||
|
|
Lowest Annual Cost
$1,731
|
Highest Annual Cost
$6,262
|
|
|
|
|
Assumes:
•Investment of $100,000
•5% annual appreciation
•Least expensive combination of Contract
classes and Investment Option fees and
expenses
•No optional benefits
•No bonuses
•No additional Purchase Payments,
transfers, or withdrawals
•No adviser fees
|
Assumes:
•Investment of $100,000
•5% annual appreciation
•Most expensive combination of Contract
classes, optional benefits, and
Investment Option fees and expenses
•No bonuses
•No additional Purchase Payments,
transfers, or withdrawals
•No adviser fees
|
|
|
|
|
RISKS
|
|
||
|
Risk of Loss
|
You can lose money by investing in the Contract, including loss of
principal.
|
4. Principal Risks
|
||
|
Not a
Short-Term
Investment
|
• This Contract is not a short-term investment and is not
appropriate if you need ready
access to cash.
• If you take a full or partial withdrawal within seven years after
we receive a Purchase
Payment if you have the Base Option Contract (or within nine years
for a Bonus Option
Contract, or within four years for a Short Withdrawal Charge Option
Contract), withdrawal
charges will apply. Withdrawal charges do not apply to a No
Withdrawal Charge Option
Contract. A withdrawal charge will reduce your Contract Value or
the amount of money
that you actually receive. Withdrawals under any Contract may
reduce or end Contract
guarantees.
• Withdrawals are subject to income taxes, and may also be subject
to a 10% additional
federal tax for amounts withdrawn before age 59 1∕2.
• Considering the benefits of tax deferral, long-term income, and
living benefit guarantees
the Contract is generally more beneficial to investors with a long
investment time horizon.
|
|||
|
Risks
Associated
with
Investment
Options
|
• An investment in the Contract is subject to the risk of poor
investment performance and
can vary depending on the performance of the Investment Options
available under the
Contract.
• Each Investment Option has its own unique risks.
• You should review the Investment Options prospectus and
disclosures, including risk
factors, before making an investment decision.
|
|
||
|
Insurance
Company
Risks
|
An investment in the Contract is subject to the risks related to us.
All obligations,
guarantees or benefits of the Contract are the obligations of
Allianz Life of New York and
are subject to our claims-paying ability and financial strength.
More information about
Allianz Life of New York, including our financial strength ratings,
is available upon request
by visiting www.allianzlife.com/new-york/about/why-allianz, or
contacting us at (800)
624-0197.
|
|
||
|
|
RESTRICTIONS
|
Prospectus
Location
|
||
|
Investments
|
• Certain Investment Options may not be available under your
Contract.
• We currently allow you to invest in no more than 15 Investment
Options at any one time.
We may change this maximum in the future, but it will not be less
than 5 Investment
Options.
• The first 12 transfers between Investment Options every Contract
Year are free. After
that, we deduct a $25 transfer fee for each additional transfer.
Your transfers between the
Investment Options are also subject to policies designed to deter
excessively frequent
transfers and market timing. The minimum transfer is $1,000, or the
entire Investment
Option amount if less. These transfer restrictions do not apply to
the Contract's automatic
transfer programs.
• We reserve the right to remove or substitute Investment Options.
|
9. Investment
Options
Appendix A –
Investment
Options Available
Under the
Contract
|
||
|
Optional
Benefits
|
• Optional benefits may further limit or restrict the Investment
Options that you may select
under the Contract. We may change these restrictions in the future.
• Optional benefits may be modified or terminated under certain
circumstances.
• Withdrawals that exceed limits specified by the terms of an
optional benefit may affect the
availability of the benefit by reducing the benefit by an amount
greater than the value
withdrawn and could end the benefit. Withdrawals that reduce both
the Contract Value
and the guaranteed value (either the Traditional Death Benefit
Value if you have the
Traditional Death Benefit, the Maximum Anniversary Value if you
have the Maximum
Anniversary Death Benefit, or the Quarterly Anniversary Value if
you have the Quarterly
Value Death Benefit) to zero will end your selected death benefit.
• For Bonus Option Contracts bonuses are included in Contract Value
and in the calculation
of death and living benefits, except that bonus amounts are not
considered part of
Purchase Payments when calculating benefits.
• If a Contract Owner elects to pay adviser fees from Contract
Value, such deductions may
reduce the selected death benefit (either the standard Traditional
Death Benefit, or
optional Maximum Anniversary Death Benefit or Quarterly Value Death
Benefit), or other
guaranteed benefits, as applicable, are subject to income taxes,
and may also be subject
to a 10% additional federal tax for amounts withdrawn before age 59 1∕2.
|
14. Benefits
Available Under
the Contract
Appendix B –
Investment
Restrictions for
Optional Benefits
|
||
|
|
TAXES
|
|
||
|
Tax
Implications
|
• Consult with a tax professional to determine the tax implications
of an investment in and
withdrawals from or payments received under the Contract.
• If you purchased the Contract through a tax-qualified plan,
403(b), or individual retirement
account (IRA), you do not get any additional tax benefit under the
Contract.
• Generally, earnings under a Non-Qualified Contract are taxed at
ordinary income rates
when withdrawn, and may also be subject to a 10% additional federal
tax for amounts
withdrawn before age 59 1∕2.
• Generally, distributions from Qualified Contracts are taxed at
ordinary income tax rates
when withdrawn, and may also be subject to a 10% additional federal
tax for amounts
withdrawn before age 59 1∕2.
|
18. Taxes
|
||
|
|
CONFLICTS OF
INTEREST
|
|
||
|
Investment
Professional
Compensation
|
Your Financial Professional may receive compensation for selling
this Contract to you, in
the form of commissions, additional cash benefits (e.g., cash
bonuses), and non-cash
compensation. We and/or our wholly owned subsidiary distributor may
also make marketing
support payments to certain selling firms for marketing services and
costs associated with
Contract sales. This conflict of interest may influence your
Financial Professional to
recommend this Contract over another investment for which the
Financial Professional is
not compensated or compensated less.
|
19. Other
Information –
Distribution
|
||
|
Exchanges
|
Some Financial Professionals may have a financial incentive to offer
you a new contract in
place of the one you already own. You should only exchange your
Contract if you
determine, after comparing the features, fees and risks of both
contracts, that it is better for
you to purchase the new contract rather than continue to own your
existing Contract.
|
|
||
|
Number of Complete
Years Since
Purchase Payment
|
Withdrawal Charge Amount
|
|||
|
Base Option
|
Bonus Option
|
Short Withdrawal
Charge Option
|
No Withdrawal
Charge Option
|
|
|
0
|
8.5%
|
8.5%
|
8.5%
|
0%
|
|
1
|
8.5%
|
8.5%
|
7.5%
|
0%
|
|
2
|
7.5%
|
8.5%
|
5.5%
|
0%
|
|
3
|
6.5%
|
8%
|
3%
|
0%
|
|
4
|
5%
|
7%
|
0%
|
0%
|
|
5
|
4%
|
6%
|
0%
|
0%
|
|
6
|
3%
|
5%
|
0%
|
0%
|
|
7
|
0%
|
4%
|
0%
|
0%
|
|
8
|
0%
|
3%
|
0%
|
0%
|
|
9 years or more
|
0%
|
0%
|
0%
|
0%
|
|
Administrative Expenses (or contract maintenance charge)(1)
(per year)
|
$30
|
|
Base Contract Expenses (or M&E charge)
(as a percentage of each Investment Option’s average net assets)(2)
|
|
|
Base Option
|
1.40%
|
|
Bonus Option
|
1.90%
|
|
Short Withdrawal Charge Option
|
1.65%
|
|
No Withdrawal Charge Option
|
1.75%
|
|
Optional Benefit Expenses
|
|
|
Optional Death Benefit
|
|
|
Quarterly Value Death Benefit
(as a percentage of each Investment Option’s average net assets)(2)
|
0.30%
|
|
Maximum Anniversary Death Benefit
(as a percentage of each Investment Option’s average net assets)(2)
|
0.30%
|
|
Optional Living Benefits
|
|
|
Income Protector(3)
(as a percentage of the Benefit Base)
|
single payments – 2.50%
joint payments – 2.75%
|
|
Income Focus(3)
(as a percentage of the Total Income Value)
|
single payments – 2.75%
joint payments – 2.95%
|
|
Lifetime Plus Benefit(3)
(as a percentage of each Investment Option’s average net assets)(2)
|
single payments – 1.50%
joint payments – 1.65%
|
|
Lifetime Plus 8 Benefit(3,4)
(as a percentage of each Investment Option’s average net assets)(2)
|
single payments – 1.60%
joint payments – 1.75%
|
|
Investment Protector(3)
(as a percentage of the Target Value)
|
2.50%
|
|
Target Date Retirement Benefit
(as a percentage of each Investment Option’s average net assets)(2)
|
0.40%
|
|
Target Date 10 Benefit
(as a percentage of each Investment Option’s average net assets)(2)
|
0.55%
|
|
|
Minimum
|
Maximum
|
|
(expenses that are deducted from Investment Option assets, including management fees,
distribution and/or
service (12b-1) fees, and other expenses)
|
0.48%
|
2.01%
|
|
Base Option
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Maximum Investment Option expense
|
$14,098
|
$26,575
|
$38,411
|
$71,080
|
|
Minimum Investment Option expense
|
$12,483
|
$21,945
|
$29,987
|
$51,185
|
|
Bonus Option
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Maximum Investment Option expense
|
$14,838
|
$29,953
|
$44,202
|
$78,277
|
|
Minimum Investment Option expense
|
$13,246
|
$24,735
|
$34,846
|
$56,993
|
|
Short Withdrawal Charge Option
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Maximum Investment Option expense
|
$14,335
|
$25,485
|
$35,055
|
$72,778
|
|
Minimum Investment Option expense
|
$12,726
|
$20,956
|
$26,824
|
$53,383
|
|
No Withdrawal Charge Option
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Maximum Investment Option expense
|
$6,949
|
$20,911
|
$35,468
|
$73,442
|
|
Minimum Investment Option expense
|
$5,343
|
$16,398
|
$27,280
|
$54,215
|
|
Base Option
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Maximum Investment Option expense
|
N/A*
|
$19,945
|
$33,981
|
$71,050
|
|
Minimum Investment Option expense
|
N/A*
|
$15,345
|
$25,557
|
$51,155
|
|
Bonus Option
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Maximum Investment Option expense
|
N/A*
|
$22,473
|
$38,012
|
$78,247
|
|
Minimum Investment Option expense
|
N/A*
|
$17,255
|
$28,686
|
$56,993
|
|
Short Withdrawal Charge Option
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Maximum Investment Option expense
|
N/A*
|
$20,615
|
$35,025
|
$72,748
|
|
Minimum Investment Option expense
|
N/A*
|
$16,086
|
$26,794
|
$53,353
|
|
No Withdrawal Charge Option
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Maximum Investment Option expense
|
N/A*
|
$20,881
|
$35,438
|
$73,412
|
|
Minimum Investment Option expense
|
N/A*
|
$16,368
|
$27,250
|
$54,185
|
|
Base Option
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Maximum Investment Option expense
|
$6,618
|
$19,975
|
$34,011
|
$71,080
|
|
Minimum Investment Option expense
|
$5,003
|
$15,345
|
$25,587
|
$51,185
|
|
Bonus Option
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Maximum Investment Option expense
|
$7,358
|
$22,473
|
$38,042
|
$78,277
|
|
Minimum Investment Option expense
|
$5,766
|
$17,255
|
$28,686
|
$56,993
|
|
No Withdrawal Charge Option
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Maximum Investment Option expense
|
$6,949
|
$20,911
|
$35,468
|
$73,442
|
|
Minimum Investment Option expense
|
$5,343
|
$16,398
|
$27,280
|
$54,215
|
|
The Contract is no longer offered for sale, but we
continue to accept additional Purchase Payments subject to the
limitations described in this prospectus. However, we
do not accept additional Purchase Payments if you have a
403(b) Contract.
|
|
Optional Benefit
|
Contract
Version
|
Benefit Version Identifier
|
Available From
|
Available Through
|
|
Maximum Anniversary Death Benefits:
|
|
|
|
|
|
Maximum Anniversary Death Benefit
version 1
|
A
|
N/A
|
||
|
Maximum Anniversary Death Benefit
version 2
|
B
|
N/A
|
||
|
Maximum Anniversary Death Benefit
version 3
|
B
|
N/A
|
||
|
Quarterly Value Death Benefit
|
A
|
N/A
|
||
|
Income Protector:
|
|
|
|
|
|
|
A
|
(08.09)
|
||
|
|
A
|
(05.10)
|
||
|
|
A and B
|
(05.11)
|
||
|
|
A and B
|
(01.12)
|
||
|
|
A(1) and B
|
(05.12)
|
||
|
|
A(1) and B
|
(07.12)
|
||
|
|
A(1) and B
|
(10.12)
|
||
|
|
A(1) and B
|
(04.15, 04.16)
|
||
|
|
A(1) and B
|
(05.16, 06.16)
|
||
|
|
A(1) and B
|
(07.16, 08.16)
|
||
|
|
A(1) and B
|
(09.16, 10.16, 11.16)
|
||
|
|
A(1) and B
|
(12.16)
|
||
|
|
A(1) and B
|
(01.17, 02.17)
|
||
|
|
A(1) and B
|
(03.17, 04.17, 05.17, 06.17, 07.17, 08.17,
09.17, 10.17, 11.17)
|
||
|
|
A(1) and B
|
(12.17, 01.18, 02.18)
|
||
|
|
A(1) and B
|
(03.18, 04.18, 05.18, 06.18, 07.18)
|
||
|
|
A(1) and B
|
(08.18, 09.18, 10.18)
|
||
|
|
A(1) and B
|
(11.18, 12.18, 01.19, 02.19, 03.19, 04.19v1,
04.19v2, 05.19, 06.19, 07.19, 08.19, 09.19,
10.19, 11.19, 12.19, 01.20, 02.20, 03.20)
|
|
Optional Benefit
|
Contract
Version
|
Benefit Version Identifier
|
Available From
|
Available Through
|
|
|
A(1) and B
|
(04.20v1, 04.20v2, 05.20, 06.20, 07.20,
08.20v1, 08.20v2)
|
||
|
|
A(1) and B
|
(09.20, 10.20, 11.20, 12.20, 01.21, 02.21)
|
||
|
Income Focus:
|
|
|
|
|
|
|
B
|
(05.12)
|
||
|
|
B
|
(07.12)
|
||
|
Lifetime Benefits:
|
|
|
|
|
|
Lifetime Plus Benefit
|
A
|
|
||
|
Lifetime Plus 8 Benefit version 1
|
A
|
|
||
|
Lifetime Plus 8 Benefit version 2
|
A
|
|
||
|
Investment Protector:
|
|
|
|
|
|
|
A
|
(08.09)
|
||
|
|
A and B
|
(05.10)
|
||
|
|
A and B
|
(01.12)
|
||
|
|
A(1) and B
|
(01.12, 07.12, 07.13, 04.15, 04.16, 05.16,
06.16, 07.16, 08.16, 09.16, 10.16)
|
||
|
Target Date Benefits:
|
|
|
|
|
|
Target Date Retirement Benefit
|
A
|
|
||
|
Target Date 10 Benefit
|
A
|
|
|
Partial Annuitizations (applying only part of your Contract Value to
Annuity Payments) are not available to Joint
Owners. There can be only one Owner, the Owner must be the Annuitant,
and we do not allow the Owner to add a joint
Annuitant.
|
|
UPON THE DEATH OF A SOLE OWNER
|
|
|
Action under the portion of the Contract that is in the
Accumulation Phase
|
Action under any portion of the Contract that is in the
Annuity Phase
|
|
• We pay a death benefit to the Beneficiary unless the
Beneficiary is the surviving spouse and continues the Contract.
If you selected a Target Date Benefit or Investment Protector,
this benefit ends unless the Contract is continued by a
surviving spouse. If you selected Income Protector, a Lifetime
Benefit, or Income Focus this benefit and any guaranteed
lifetime payments end unless the Contract is continued by a
surviving spouse who is also both a Beneficiary and Covered
Person.
• The death benefit is the greater of the Contract Value or the
guaranteed death benefit value. The guaranteed death benefit
value is the Traditional Death Benefit Value under the
Traditional Death Benefit, the Quarterly Anniversary Value
under the Quarterly Value Death Benefit, or the Maximum
Anniversary Value under the Maximum Anniversary Death
Benefit.
• If a surviving spouse Beneficiary continues the Contract, as of
the end of the Business Day we receive their Valid Claim:
– we increase the Contract Value to equal the guaranteed
death benefit value if greater, and the death benefit
continues to be available to the surviving spouse’s
Beneficiary(s),
– the surviving spouse becomes the new Owner, and
– the Accumulation Phase continues.
|
• The Beneficiary becomes the Payee. If we are still required to
make Annuity Payments under the selected Annuity Option, the
Beneficiary also becomes the new Owner.
• If the deceased was not an Annuitant, Annuity Payments to the
Payee continue. No death benefit is payable.
• If the deceased was the only surviving Annuitant, Annuity
Payments end or continue as follows.
– Annuity Option 1 or 3, payments end.
– Annuity Option 2 or 4, payments end when the
guaranteed period ends, or when we pay any final lump
sum.
– Annuity Option 5, payments end and the Payee may
receive a lump sum refund.
• If the deceased was an Annuitant and there is a surviving joint
Annuitant, Annuity Payments to the Payee continue during the
lifetime of the surviving joint Annuitant. No death benefit is
payable.
• For a Qualified Contract, the Annuity Payments must end ten
years after the Owner’s death.
|
|
FOR JOINTLY OWNED CONTRACTS: The sole primary Beneficiary is the surviving Joint Owner regardless of any
other named primary Beneficiaries. If both Joint Owners die
simultaneously as defined by applicable state law or
regulation, we pay the death benefit to the named surviving primary
Beneficiaries. If there are no named surviving
primary Beneficiaries, we pay the death benefit to the named surviving
contingent Beneficiaries, or to the estate of the
Joint Owner who died last if there are no named surviving contingent
Beneficiaries.
|
|
|
|
• For Income Protector (08.09 through 01.12), following an assignment or change of ownership/Annuitant/Beneficiary,
if a Covered Person no longer has the required relationship stated here,
he or she is removed from the Contract as a
Covered Person. If we remove all Covered Persons from the Contract, the benefit and any lifetime payments end.
|
|
• For Joint Owners that selected single lifetime payments: If you are no
longer spouses on the date of an Owner’s
death and the Contract Value is positive, we pay any applicable death
benefit to the Beneficiary(s) and the benefit and
any lifetime payments end. This means Lifetime Plus Payments or Income Focus Payments are no longer available
even if a Covered Person is still
alive.
|
|
• Following an assignment or change of ownership/Annuitant/Beneficiary, if a Covered Person no longer has the
required relationship stated here, he or she is removed from the
Contract as a Covered Person. If we remove all
Covered Persons from the Contract,
your Lifetime Benefit and any Lifetime Plus Payments end.
|
|
• For non-spouse Joint Owners with single Lifetime Plus Payments: If you
are no longer spouses on the date of an
Owner’s death and the Contract Value is positive, we pay any applicable
death benefit to the Beneficiary(s) and the
Lifetime Benefit and any Lifetime Plus Payments end. This means Lifetime Plus Payments are no longer available
even if a Covered Person is still
alive.
|
|
• Joint Covered Persons must continue to qualify as spouses under federal law while your benefit is in effect. Until
then, if at any time joint Covered Persons are no longer spouses, you
must send us written notice. We either divide
the Contract in accordance with any applicable court order or law
regarding division of assets upon divorce, or
remove a former spouse from the Contract as a Covered Person and also as
an Owner, Joint Owner or Annuitant. At
this time, we may change the additional M&E charge for your Lifetime
Benefit as discussed in section 11, Expenses
– Optional Benefit Additional M&E Charge. However, any new additional M&E charge cannot be greater than
the maximum stated in section 11. When we receive
notification of an Owner’s death, if we discover that the
joint Covered Persons were not federally recognized
spouses at the time of death, spousal continuation of the
Contract is not available. Therefore, your benefit, any
Lifetime Plus Payments and the Contract all end.
|
|
IF YOU HAVE INCOME PROTECTOR, A
LIFETIME BENEFIT OR INCOME FOCUS: An assignment does not
change the Covered Person(s). Following an assignment or change of
ownership/Annuitant/Beneficiary, if a Covered
Person who was previously an Owner or Annuitant no longer has that
position, the benefit and any lifetime payments end
based on the earlier of the date of death of an individual Owner (or
Annuitant if the Owner is a non-individual) or last
surviving Covered Person. However, if the deceased’s spouse continues
the Contract, the benefit and lifetime payments
continue until the earlier of the date of death of the surviving spouse
or last surviving Covered Person. This means that
Lifetime Plus Payments or Income
Focus Payments may end even if the Covered Person is still alive.
|
|
The Contract is no longer offered for sale, but we
continue to accept additional Purchase Payments subject to the
limitations described in this prospectus. However, we
do not accept additional Purchase Payments if you have a
403(b) Contract.
|
|
AIP is not available if you have a Qualified Contract
that is funding a plan that is tax qualified under Section 401
or 403(b) of the Internal Revenue Code.
|
|
• For Contracts with Income Protector or Investment Protector, quarterly rebalancing transfers under these
benefits do not move Contract Value allocated to the DCA program into or
out of the AZL Government Money
Market Fund.
|
|
• This program is not available if you have Income Focus.
|
|
|
Mortality and Expense Risk (M&E) Charge
(as a percentage of each
Investment Option’s average net assets)
|
|
Base Option
|
1.40
%
|
|
Bonus Option
|
1.90
%
|
|
Short Withdrawal Charge Option
|
1.65
%
|
|
No Withdrawal Charge Option
|
1.75
%
|
|
Optional Lifetime Benefits
|
Contract
Version
|
Available Dates
|
Current Additional M&E
Charge(1)
(as a percentage of each
Investment Option’s
average net assets)
|
Maximum
Additional
M&E Charge(1)
(as a percentage of each
Investment Option’s
average net assets)
|
|
|
No qualifying
event, or
declined
charge
increase(2)
|
Had a
qualifying
event and
accepted
increase(2)
|
||||
|
Lifetime Plus Benefit
|
A
|
10/1/2007 – 3/31/2009
|
|
|
|
|
Single Lifetime Plus Payments
|
|
|
0.70%
|
1.20%
|
1.50%(3)
|
|
Joint Lifetime Plus Payments
|
|
|
0.85%
|
1.35%
|
1.65%(4)
|
|
Lifetime Plus 8 Benefit version 1
|
A
|
8/7/2008 – 1/23/2009
|
|
|
|
|
Single Lifetime Plus Payments
|
|
|
0.80%(5)
|
1.20%(7)
|
1.60%(3)
|
|
Joint Lifetime Plus Payments
|
|
|
0.95%(6)
|
1.35%(8)
|
1.75%(4)
|
|
Lifetime Plus 8 Benefit version 2
|
A
|
1/26/2009 – 3/31/2009
|
|
|
|
|
Single Lifetime Plus Payments
|
|
|
0.95%
|
1.20%
|
1.60%(3)
|
|
Joint Lifetime Plus Payments
|
|
|
1.10%
|
1.35%
|
1.75%(4)
|
|
Optional Target Date Benefits
|
Contract
Version
|
Available Dates
|
Additional M&E Charge(1)
(as a percentage of each Investment
Options’ average net assets)
|
|
Target Date Retirement Benefit
|
A
|
5/1/2008 – 1/23/2009
|
0.40%
|
|
Target Date 10 Benefit
|
A
|
1/26/2009 – 3/31/2009
|
0.55%
|
|
Income Protector
(Version Identifier)
|
Available Dates
|
Rider Charge (as a percentage of the Benefit Base)
|
||||
|
Minimum
|
Maximum
|
Current(1)
|
||||
|
Single
and Joint
Payment
|
Single
Payment
|
Joint
Payment
|
Single
Payment
|
Joint
Payment
|
||
|
(01.17 through 02.21)
Contract Version A(2) and B
|
1/3/2017 – 2/28/2021
|
0.50%
|
2.50%
|
2.75%
|
1.40%
|
1.40%
|
|
(04.15 through 12.16)
Contract Version A(2) and B
|
4/27/2015 – 1/2/2017
|
0.50%
|
2.50%
|
2.75%
|
1.30%
|
1.30%
|
|
(10.12)
Contract Version A(2) and B
|
10/15/2012 – 4/24/2015
|
0.50%
|
2.50%
|
2.75%
|
1.10%
|
1.10%
|
|
(07.12)
Contract Version A(2) and B
|
7/23/2012 – 10/12/2012
|
0.50%
|
2.50%
|
2.75%
|
1.00%
|
1.00%
|
|
(05.12)
Contract Version A(2) and B
|
4/30/2012 – 7/20/2012
|
0.50%
|
2.50%
|
2.75%
|
1.40%
|
1.40%
|
|
(01.12)
Contract Version A and B
|
1/23/2012 – 4/27/2012
|
0.50%
|
2.50%
|
2.75%
|
1.40%
|
1.40%
|
|
(05.11)
Contract Version A and B
|
5/2/2011 – 1/20/2012
|
0.50%
|
2.50%
|
2.75%
|
1.35%
|
1.50%
|
|
(08.09, 05.10)
Contract Version A
|
7/22/2009 – 4/29/2011
|
0.50%
|
2.50%
|
2.75%
|
1.35%
|
1.50%
|
|
Income Focus
(Version Identifier)
|
Available Dates
|
Rider Charge (as a
percentage of the Total Income Value)
|
||||
|
Minimum
|
Maximum
|
Current(1)
|
||||
|
Single
and Joint
Payment
|
Single
Payment
|
Joint
Payment
|
Single
Payment
|
Joint
Payment
|
||
|
(05.12) and (07.12)
Contract Version B
|
4/30/2012 – 4/24/2015
|
0.50%
|
2.75%
|
2.95%
|
1.30%
|
1.30%
|
|
Investment Protector
(Version Identifier)
|
Available Dates
|
Rider Charge (as a
percentage of the Target Value)
|
||
|
Minimum
|
Maximum
|
Current(2)
|
||
|
(07.13 through 10.16)
Contract Version A(1) and B
|
7/22/2013 – 10/16/2016
|
0.35%
|
2.50%
|
1.30%
|
|
(01.12, 07.12)
Contract Version A(1) and B
|
4/30/2012 - 7/19/2013
|
0.35%
|
2.50%
|
1.20%
|
|
(01.12)
Contract Version A and B
|
1/23/2012 – 4/27/2012
|
0.35%
|
2.50%
|
1.20%
|
|
(05.10)
Contract Version A and B
|
5/3/2010 – 1/20/2012
|
0.35%
|
2.50%
|
1.15%
|
|
(08.09)
Contract Version A
|
7/22/2009 – 4/30/2010
|
0.35%
|
2.50%
|
1.05%
|
|
Number of Complete
Years Since
Purchase Payment
|
Withdrawal Charge Amount
|
|||
|
Base Option
|
Bonus Option
|
Short Withdrawal Charge Option
|
No Withdrawal Charge Option
|
|
|
0
|
8.5%
|
8.5%
|
8.5%
|
0%
|
|
1
|
8.5%
|
8.5%
|
7.5%
|
0%
|
|
2
|
7.5%
|
8.5%
|
5.5%
|
0%
|
|
3
|
6.5%
|
8%
|
3%
|
0%
|
|
4
|
5%
|
7%
|
0%
|
0%
|
|
5
|
4%
|
6%
|
0%
|
0%
|
|
6
|
3%
|
5%
|
0%
|
0%
|
|
7
|
0%
|
4%
|
0%
|
0%
|
|
8
|
0%
|
3%
|
0%
|
0%
|
|
9 years or more
|
0%
|
0%
|
0%
|
0%
|
|
|
|
• We do not reduce the Withdrawal Charge Basis for the deduction of Contract fees and expenses other than the
withdrawal charge. This means that upon a full
withdrawal, if your Contract Value is less than your
remaining Purchase Payments that are still subject to a
withdrawal charge we will assess a withdrawal charge
on more than the amount withdrawn. This can occur
because your Contract Value was reduced for:
|
|
– deductions of Contract fees and expenses other than the withdrawal charge, and/or
|
|
– poor performance.
|
|
This also means that upon a full
withdrawal you may not receive any money.
|
|
• Withdrawals are subject to ordinary income taxes, and may also be subject to a 10% additional federal tax for
amounts withdrawn before age 59 1∕2. For tax purposes, and in most instances, withdrawals from Non-
Qualified Contracts are considered to come from the
earnings first, not Purchase Payments.
|
|
• Partial Annuitizations reduce the Withdrawal Charge Basis proportionately
by the percentage of Contract Value
you annuitize.
|
|
• Withdrawals are subject to a withdrawal charge, income taxes, and may also be subject to a 10% additional
federal tax for amounts withdrawn before age 59 1∕2. Certain restrictions may apply to any withdrawal you
take.
|
|
• For 403(b) Contracts you may only take distributions after you reach age 59 1∕2, your severance of employment, or
your total and permanent disability.
|
|
• Joint Owners: We send one check payable to both Joint Owners and we tax report to both Joint Owner's based on
the age of the older Joint Owner.
|
|
• We may be required to provide information about you or your Contract to government regulators. We may also be
required to stop Contract disbursements and thereby refuse any transfer
requests, and refuse to pay any withdrawals,
surrenders, or death benefits until we receive instructions from the
appropriate regulator. If, pursuant to SEC rules,
the AZL Government Money Market Fund suspends payment of redemption
proceeds in connection with a fund
liquidation, we will delay payment of any transfer, partial withdrawal,
surrender, or death benefit from the AZL
Government Money Market Fund subaccount until the fund is liquidated.
|
|
• For Contracts with Investment Protector: The Target Value is only guaranteed to be available on the last
Business Day before each Target Value Date. Beginning
on the next Business Day, your Contract Value
fluctuates based on your selected Investment Options’
performance, and this is the value available to you upon
withdrawal. We notify you in writing at least 30 days
in advance of your initial Target Value Date to allow you
to decide if you want to take a withdrawal and/or
continue your Contract until the next Target Value Date.
|
|
The free withdrawal privilege is not available while
you are receiving Lifetime Plus Payments or Income Focus
Payments.
|
|
• During the withdrawal charge period (if applicable), systematic withdrawals in excess of the free withdrawal
privilege are subject to a withdrawal charge, ordinary
income taxes, and may also be subject to a 10%
additional federal tax for amounts withdrawn before age
59 1∕2.
|
|
• The systematic withdrawal program is not available while you are receiving required minimum distribution
payments , Lifetime Plus Payments, or Income Focus
Payments.
|
|
The minimum distribution program is not available
while you are receiving systematic withdrawals, or if you
have a 403(b) Contract or a Qualified Contract
purchased through a qualified plan.
|
|
• If you do not choose an Annuity Option before the Income Date, we make variable Annuity Payments to the
Payee under Annuity Option 2 with five years of
guaranteed monthly payments.
|
|
• For Owners younger than age 59 1∕2, Annuity
Payments may be subject to a 10% additional federal tax.
|
|
• For a Qualified Contract, the Annuity Payments must end ten years after the Owner’s death.
|
|
• If on the Income Date your Contract Value is greater than zero, you must take a Full Annuitization. We notify
you of your available options in writing 60 days in advance, including
the option to extend your Income Date if
available. If on your Income Date you have not selected an Annuity Option, we make variable payments under
Annuity Option 2 with five years of
guaranteed monthly payments. Upon Full Annuitization you no longer have
Contract Value or a death benefit, and you cannot receive any other
periodic withdrawals or payments other than
Annuity Payments.
|
|
• For Contracts with Income Protector or Income Focus: If on the Income
Date your Contract Value is greater than
zero, you are receiving Lifetime Plus Payments or Income Focus Payments,
and we require you to take a Full
Annuitization, we make the following guarantee if you take fixed Annuity
Payments under Annuity Option 1 or 3.
|
|
For single Lifetime Plus Payments or Income Focus Payments, if you
choose Annuity Option 1 (Life Annuity) where
the sole Annuitant is the sole Covered Person, then your fixed Annuity
Payments equals the greater of:
|
|
– annual fixed Annuity Payments under Annuity Option 1 based on the Contract Value; or
|
|
– the current annual maximum Lifetime Plus Payment or Income Focus Payment available to you.
|
|
For joint Lifetime Plus Payments or Income Focus Payments, if you
choose Annuity Option 3 (Joint and Last Survivor
Annuity) with Annuity Payments to continue at a level of 100% to the
surviving joint Annuitant, and both joint
Annuitants are the joint Covered Persons, then your fixed Annuity
Payments equals the greater of:
|
|
– annual fixed Annuity Payments under Annuity Option 3 based on the Contract Value; or
|
|
– the current annual maximum Lifetime Plus Payment or Income Focus Payment available to you.
|
|
However, if you select any other Annuity Option, or if you choose to
take variable Annuity Payments, this guarantee
does not apply.
|
|
If you have a Non-Qualified Contract, these Annuity Payments will
receive the benefit of the exclusion ratio, which
causes a portion of each Annuity Payment to be non-taxable as described
in section 18, Taxes – Taxation of Annuity
Contracts.
|
|
A Partial Annuitization on a Non-Qualified Contract receives the same
income tax treatment as a Full Annuitization.
However, this income tax treatment does not apply to a Partial
Annuitization on a Qualified Contract. You should
consult a tax adviser before requesting a Partial Annuitization.
|
|
Standard Benefits (No Additional Charge)
|
||
|
Name of Benefit
|
Purpose
|
Brief Description of
Restrictions/Limitations
|
|
Free Withdrawal
Privilege
|
Allows you to withdraw up to 12% of your total
Purchase Payments each Contract Year without
incurring a withdrawal charge.
|
• Only available during the Accumulation Phase.
• Not available while you are receiving Lifetime Plus
Payments or Income Focus Payments.
• Unused free withdrawal amounts not available in
future years.
• Program withdrawals are subject to income taxes,
and may also be subject to a 10% additional
federal tax for amounts withdrawn before age
59 1∕2.
|
|
Automatic
Investment Plan
(AIP)
|
Allows you to make automatic Purchase Payments
by electronic money transfer from your savings,
checking, or brokerage account.
|
• Only available during the Accumulation Phase.
• Not available to certain Qualified Contracts.
• Payments must be on a monthly or quarterly basis.
• Subject to applicable Purchase Payment
restrictions.
• We reserve the right to discontinue or modify.
|
|
Dollar Cost
Averaging (DCA)
Program
|
Allows you to make automatic transfers from the
money market Investment Option to your selected
Investment Options over a 6- or 12-month term.
|
• Only available during the Accumulation Phase.
• Not available if you are receiving Lifetime Plus
Payments.
• Not available to Contracts with Income Focus.
• Must allocate at least $1,500 to the AZL
Government Money Market Fund to enroll.
• Program transfers only on a monthly basis.
• Program transfers do not count against transfer
limitations.
• We reserve the right to discontinue or modify.
|
|
Flexible
Rebalancing
Program
|
Provides for automatic, periodic transfers among the
Investment Options to help you maintain your
selected allocation percentages among the
Investment Options.
|
• Only available during the Accumulation Phase.
• Not available to Contracts with Income Protector,
Income Focus, Investment Protector, a Lifetime
Benefit, or a Target Date Benefit.
• Rebalancing may be on a quarterly, semi-annual,
or annual basis only.
• Program transfers do not count against transfer
limitations.
• We reserve the right to discontinue or modify.
|
|
Systematic
Withdrawal
Program
|
Allows you to take automatic withdrawals from your
Contract.
|
• Only available during the Accumulation Phase.
• Not available if you are participating in minimum
distribution program or receiving Lifetime Plus
Payments or Income Focus Payments.
• Program withdrawals may be monthly, quarterly,
semi-annual or annual, unless you have less than
$25,000 in Contract Value, in which case only
annual withdrawals are available.
• Program withdrawals count against free withdrawal
privilege.
• Program withdrawals are subject to withdrawal
charges, income taxes, and may also be subject to
a 10% additional federal tax for amounts
withdrawn before age 59 1∕2.
• We reserve the right to discontinue or modify.
|
|
Standard Benefits (No Additional Charge)
|
||
|
Name of Benefit
|
Purpose
|
Brief Description of
Restrictions/Limitations
|
|
Minimum
Distribution
Program
|
Allows you to automatically take withdrawals to
satisfy the minimum distribution requirements
imposed by the Internal Revenue Code for a
Qualified Contract.
|
• Only available during the Accumulation Phase.
• Only available to IRA or SEP IRA Contracts.
• Not available if you are participating in systematic
withdrawal program.
• Program withdrawals may be monthly, quarterly,
semi-annual or annual, unless you have less than
$25,000 in Contract Value, in which case only
annual withdrawals are available.
• Program withdrawals count against free withdrawal
privilege.
• Program withdrawals are not subject to withdrawal
charges, but are subject to income taxes.
• We reserve the right to discontinue or modify
subject to the requirements of law.
|
|
Financial Adviser
Fees
|
If you have a financial adviser and want to pay their
financial adviser fees from this Contract, you can
instruct us to withdraw the fee from your Contract
and pay it to your Financial Professional or Financial
Professional’s firm as instructed.
|
• Only available during the Accumulation Phase.
• Financial adviser fees are in addition to the
Contract’s fees and expenses.
• Deductions for financial adviser fees are treated as
withdrawals under the Contract.
• Program withdrawals count against free withdrawal
privilege.
• Program withdrawals are subject to withdrawal
charges, income taxes, and may also be subject to
a 10% additional federal tax for amounts
withdrawn before age 59 1∕2.
• We reserve the right to discontinue or modify.
|
|
Waiver of
Withdrawal Charge
Benefit
|
Waives withdrawal charges under a Base Option,
Bonus Option, or Short Withdrawal Charge Option
Contract if you become confined to a skilled nursing
facility or hospital.
|
• Only available during the Accumulation Phase.
• Confinement must begin after the first Contract
Year, be for at least 90 consecutive days, and
requires proof of stay.
• Requires physician certification.
• Not available if any Owner was confined to a
skilled nursing facility or hospital on the Issue
Date.
• Program withdrawals count against free withdrawal
privilege.
• Program withdrawals are not subject to withdrawal
charges, but are subject to income taxes, and may
also be subject to a 10% additional federal tax for
amounts withdrawn before age 59 1∕2.
• State variations apply.
|
|
Traditional Death
Benefit
|
Provides a death benefit equal to the greater of
Contract Value or Traditional Death Benefit Value.
|
• Only available during the Accumulation Phase.
• Withdrawals may significantly reduce or end the
benefit as indicated in Appendix C.
• Restrictions on Purchase Payments may limit the
benefit.
• Fully annuitizing the Contract will end the benefit.
• For Bonus Option Contracts, no bonuses are
included as part of Purchase Payments.
|
|
Optional Benefits (No Longer Available For
Election)
|
|||
|
Name of
Benefit
|
Purpose
|
Maximum
Fee
|
Brief Description of
Restrictions/Limitations
|
|
Quarterly
Value Death
Benefit
|
Provides a death benefit equal to the greater of
Contract Value or the Quarterly Anniversary
Value. The benefit is designed to potentially
lock-in quarterly investment gains during the
Accumulation Phase.
See Appendix C for an example of how we
calculate the Quarterly Anniversary Value.
|
0.30%
(as a
percentage of
each
Investment
Option’s
average net
assets)
|
• Replaces the Traditional Death Benefit if
elected.
• Only available during the Accumulation Phase.
• Withdrawals may significantly reduce or end
the benefit as indicated in Appendix C.
• Withdrawals reduce the likelihood of lock-ins.
• Cannot be removed from the Contract.
• Full Annuitization of the Contract will end the
benefit.
• For Bonus Option Contracts, bonus amounts
are not included in benefit values based on
Purchase Payments.
|
|
Maximum
Anniversary
Death
Benefit
|
Provides a death benefit equal to the greater of
Contract Value or the Maximum Anniversary
Value. The benefit is designed to potentially
lock-in annual investment gains during the
Accumulation Phase.
See Appendix C for an example of how we
calculate the Maximum Anniversary Value.
|
0.30%
(as a
percentage of
each
Investment
Option’s
average net
assets)
|
• Replaces the Traditional Death Benefit if
elected.
• Only available during the Accumulation Phase.
• Withdrawals may significantly reduce or end
the benefit as indicated in Appendix C.
• Withdrawals reduce the likelihood of lock-ins.
• Maximum Anniversary Death Benefit version 2
and version 3 required the election of an
Additional Required Benefit. Removing the
Additional Required Benefit may reduce the
Maximum Anniversary Death Benefit.
• Cannot be removed from the Contract.
• Full Annuitization of the Contract will end the
benefit.
• For Bonus Option Contracts, bonus amounts
are not included in benefit values based on
Purchase Payments.
|
|
Optional Benefits (No Longer Available For
Election)
|
|||
|
Name of
Benefit
|
Purpose
|
Maximum
Fee
|
Brief Description of
Restrictions/Limitations
|
|
Income
Protector
|
Guaranteed minimum lifetime withdrawal benefit
providing for guaranteed yearly withdrawals /
payments until the death of the Covered
Person(s) if conditions are satisfied. Also
includes:
• A quarterly lock-in feature (Quarterly
Anniversary Value) and a quarterly simple
interest reset feature (Annual Increase) that
may increase the Benefit Base before the
Benefit Date.
• An automatic annual Lifetime Plus Payment
increase feature that may increase payments
after the Benefit Date.
See Appendix C for an example of how we
calculate the Benefit Base.
|
2.50% for
single
payments
2.75% for
joint
payments
(as a
percentage of
the Benefit
Base)
|
• Only available during the Accumulation Phase.
• Additional Purchase Payments are subject to
further restrictions.
• Investment restrictions limit available
Investment Options.
• Investments will be automatically rebalanced
quarterly.
• Early and Excess Withdrawals may
significantly reduce or end the benefit as
indicated in Appendix C.
• Lifetime Plus Payments are subject to income
taxes, and may also be subject to a 10%
additional federal tax for amounts withdrawn
before age 59 1∕2.
• Lifetime Plus Payments may not begin until
after the relevant Covered Person reaches age
60 (age 65 for version 08.09) and must begin
before age 91.
• Availability of joint Income Payments subject to
age restrictions.
• Quarterly Anniversary Value and Annual
Increase features are subject to limitations and
are unavailable after the Benefit Date.
• If you take less than your annual maximum
Lifetime Plus Payment in a Benefit Year, you
are ineligible for potential automatic annual
Lifetime Plus Payment increases. A Benefit
Year is a period of twelve months beginning on
the Benefit Date or any subsequent Benefit
Anniversary.
• After the Benefit Date: no new Partial
Annuitizations; no additional Purchase
Payments; no AIP, systematic withdrawal, or
DCA programs; and no free withdrawal
privilege (Lifetime Plus Payments are not
subject to withdrawal charges).
• Full Annuitization of the Contract will end the
benefit, but you may be able to annuitize your
annual maximum Lifetime Plus Payment.
• For Bonus Option Contracts, bonus amounts
are not included in benefit values based on
Purchase Payments.
|
|
Optional Benefits (No Longer Available For
Election)
|
|||
|
Name of
Benefit
|
Purpose
|
Maximum
Fee
|
Brief Description of
Restrictions/Limitations
|
|
Income
Focus
|
Guaranteed minimum lifetime withdrawal benefit
providing for guaranteed yearly withdrawals /
payments until the death of the Covered
Person(s) if conditions are satisfied.
Also includes a Performance Increase feature
that may increase the benefit before or after the
Benefit Date.
See Appendix C for an example of how we
calculate the Total Income Value.
|
2.75% for
single
payments
2.95% for
joint
payments
(as a
percentage of
the Total
Income Value)
|
• Only available during the Accumulation Phase.
• Additional Purchase Payments are subject to
further restrictions.
• Investment restrictions limit available
Investment Options.
• Investments will be automatically rebalanced
quarterly.
• Early and Excess Withdrawals may
significantly reduce or end the benefit as
indicated in Appendix C.
• Income Focus Payments are subject to income
taxes, and may also be subject to a 10%
additional federal tax for amounts withdrawn
before age 59 1∕2.
• Income Focus Payments may not begin until
the relevant Covered Person reaches age 60
and must begin before age 91.
• Performance Increase feature is subject to
limitations.
• If you take less than your annual maximum
Income Focus Payment in a Benefit Year, you
are ineligible for potential Performance
Increase.
• After the Benefit Date: no new Partial
Annuitizations; no additional Purchase
Payments; no AIP or systematic withdrawal
programs; and no free withdrawal privilege
(Income Focus Payments are not subject to
withdrawal charges).
• Full Annuitization of the Contract will end the
benefit, but you may be able to annuitize your
annual maximum Income Focus Payment.
• For Bonus Option Contracts, bonus amounts
are not included in benefit values based on
Purchase Payments.
|
|
Optional Benefits (No Longer Available For
Election)
|
|||
|
Name of
Benefit
|
Purpose
|
Maximum
Fee
|
Brief Description of
Restrictions/Limitations
|
|
Lifetime
Plus Benefit
|
Guaranteed minimum lifetime withdrawal benefit
providing for guaranteed yearly withdrawals /
payments until the death of the Covered
Person(s) if conditions are satisfied.
Also includes:
• A quarterly lock-in feature (Quarterly
Anniversary Value) and an annual compound
interest reset feature (5% Annual Increase)
that may increase the benefit before the
Benefit Date.
See Appendix C for an example of how we
calculate the Quarterly Anniversary Value, and
Appendix D for examples of how we calculate
the 5% Annual Increase.
• An automatic annual Lifetime Plus Payment
increase feature that may increase payments
after the Benefit Date.
• A Cumulative Withdrawal Benefit that allows
you to access prior years’ annual maximum
Lifetime Plus Payments that were not
withdrawn. See Appendix D for an example.
|
1.50% for
single
payments
1.65% for
joint
payments
(as a
percentage of
each
Investment
Option’s
average net
assets)
|
• Only available during the Accumulation Phase.
• Investment restrictions limit available
Investment Options.
• Investments will be automatically rebalanced
quarterly.
• Early and Excess Withdrawals may
significantly reduce or end the benefit as
indicated in Appendix C.
• Lifetime Plus Payments are subject to income
taxes, and may also be subject to a 10%
additional federal tax for amounts withdrawn
before age 59 1∕2.
• Lifetime Plus Payments may not begin until the
relevant Covered Person reaches age 55 for
single payments, or age 60 for joint payments,
and must begin before age 91.
• Availability of joint Income Payments subject to
age restrictions.
• Quarterly Anniversary Value, and 5% Annual
Increase features are subject to limitations and
are unavailable after the Benefit Date.
• 5% Annual Increase resets are automatic and
will increase the additional M&E charge by
0.50%.
• Cumulative Withdrawal Value is excluded from
the death benefit.
• If you take less than your annual maximum
Lifetime Plus Payment in a Benefit Year, you
are ineligible for a potential automatic annual
Lifetime Plus Payment increases.
• If we increase the current additional M&E
charge, you may be able to reject the increase
but doing so may reduce the benefit.
• After the Benefit Date: no new Partial
Annuitizations; no additional Purchase
Payments; no AIP, systematic withdrawal, or
DCA programs; and no free withdrawal
privilege (Lifetime Plus Payments are not
subject to withdrawal charges).
• Cannot be removed from the Contract after the
Benefit Date.
• Full Annuitization of the Contract will end the
benefit, but you may be able to annuitize your
annual maximum Lifetime Plus Payment.
• For Bonus Option Contracts, bonus amounts
are not included in benefit values based on
Purchase Payments.
|
|
Optional Benefits (No Longer Available For
Election)
|
|||
|
Name of
Benefit
|
Purpose
|
Maximum
Fee
|
Brief Description of
Restrictions/Limitations
|
|
Lifetime
Plus 8
Benefit
|
Guaranteed minimum lifetime withdrawal benefit
providing for guaranteed yearly withdrawals /
payments until the death of the Covered
Person(s) if conditions are satisfied.
Also includes:
• A quarterly lock-in feature (Quarterly
Anniversary Value) and a quarterly simple
interest reset feature (8% Annual Increase)
that may increase the benefit before the
Benefit Date.
See Appendix C for examples of how we
calculate the Quarterly Anniversary Value, and
Appendix D for examples of how we calculate
the 8% Annual Increase.
• An automatic annual Lifetime Plus Payment
increase feature that may increase payments
after the Benefit Date.
• A Cumulative Withdrawal Benefit that allows
you to access prior years’ annual maximum
Lifetime Plus Payments that were not
withdrawn. See Appendix D for an example.
|
1.60% for
single
payments
1.75% for
joint
payments
(as a
percentage of
each
Investment
Option’s
average net
assets)
|
• Only available during the Accumulation Phase.
• Investment restrictions limit available
Investment Options.
• Investments will be automatically rebalanced
quarterly.
• Early and Excess Withdrawals may
significantly reduce or end the benefit as
indicated in Appendix C.
• Lifetime Plus Payments are subject to income
taxes, and may also be subject to a 10%
additional federal tax for amounts withdrawn
before age 59 1∕2.
• Lifetime Plus Payments may not begin until the
relevant Covered Person reaches age 65 and
must begin before age 91.
• Availability of joint Income Payments subject to
age restrictions.
• Quarterly Anniversary Value and 8% Annual
Increase features are subject to limitations and
are unavailable after the Benefit Date.
• 8% Annual Increase resets are automatic.
• Cumulative Withdrawal Value is excluded from
the death benefit.
• If you take less than your annual maximum
Lifetime Plus Payment in a Benefit Year, you
are ineligible for a potential automatic annual
Lifetime Payment increase.
• After the Benefit Date: no new Partial
Annuitizations; no additional Purchase
Payments; no AIP, systematic withdrawal, or
DCA programs; and no free withdrawal
privilege (Lifetime Plus Payments are not
subject to withdrawal charges).
• Cannot be removed from the Contract after the
Benefit Date.
• Full Annuitization of the Contract will end the
benefit, but you may be able to annuitize your
annual maximum Lifetime Plus Payment.
• For Bonus Option Contracts, bonus amounts
are not included in benefit values based on
Purchase Payments.
|
|
Optional Benefits (No Longer Available For
Election)
|
|||
|
Name of
Benefit
|
Purpose
|
Maximum
Fee
|
Brief Description of
Restrictions/Limitations
|
|
Investment
Protector
|
Guaranteed accumulation benefit providing a
level of protection for your principal and a
percentage of any annual investment gains.
Target Value Dates occur every 5 years after a
10 year waiting period. Includes an initial Target
Value Date reset feature.
See Appendix C for examples of how we
calculate the Rider Anniversary Value we use to
determine the Target Value. See Appendix G for
an example of the application of the Target
Value.
|
2.50%
(as a
percentage of
the Target
Value)
|
• Only available during the Accumulation Phase.
• Additional Purchase Payments are subject to
further restrictions.
• Investment restrictions limit available
Investment Options.
• Investments will be automatically rebalanced
quarterly.
• Withdrawals may significantly reduce or end
the benefit as indicated in Appendix C.
• No guaranteed minimum Contract Value before
the first Target Value Date, or between Target
Value Dates.
• Target Value Dates occur every 5th Rider
Anniversary after the first Target Value Date.
• No benefit on a Target Value Date if Contract
Value is greater than Target Value.
• Initial Target Value Date resets are subject to
limitations and restart the 10-year waiting
period before the first Target Value Date.
• If we increase your current rider charge, you
cannot reject the increase without ending the
benefit.
• Full Annuitization of the Contract will end the
benefit.
• For Bonus Option Contracts, bonus amounts
are not included in benefit values based on
Purchase Payments.
|
|
Target Date
Retirement
Benefit
|
Guaranteed accumulation benefit providing a
level of protection for your principal and a
percentage of any annual investment gains.
Target Value Dates occur every year after a 7
year waiting period. Includes an initial Target
Value Date reset feature.
See Appendix C for an example of how we
calculate the Target Value. See Appendix E for
an example of the application of the Target
Value.
|
0.40%
(as a
percentage of
each
Investment
Option’s
average net
assets)
|
• Only available during the Accumulation Phase.
• Additional Purchase Payments are not
allowed.
• Investment restrictions limit available
Investment Options.
• Investments will be automatically rebalanced
quarterly.
• Withdrawals may significantly reduce or end
the benefit as indicated in Appendix C.
• No guaranteed minimum Contract Value before
the first Target Value Date, or between Target
Value Dates.
• Target Value Dates occur every Rider
Anniversary after the first Target Value Date.
• No benefit on a Target Value Date if Contract
Value is greater than Target Value.
• Initial Target Value Date resets are subject to
limitations and restart the 7-year waiting period
before the first Target Value Date.
• Full Annuitization of the Contract will end the
benefit.
• For Bonus Option Contracts, bonus amounts
are not included in benefit values based on
Purchase Payments.
|
|
Optional Benefits (No Longer Available For
Election)
|
|||
|
Name of
Benefit
|
Purpose
|
Maximum
Fee
|
Brief Description of
Restrictions/Limitations
|
|
Target Date
10 Benefit
|
Guaranteed accumulation benefit providing a
level of protection for your principal and a
percentage of any annual investment gains.
Target Value Dates occur every year after a 10
year waiting period. Includes an initial Target
Value Date reset feature.
See Appendix C for an example of how we
calculate the Target Value. See Appendix E for
an example of the application of the Target
Value.
|
0.55%
(as a
percentage of
each
Investment
Option’s
average net
assets)
|
• Only available during the Accumulation Phase.
• Additional Purchase Payments are not
allowed.
• Investment restrictions limit available
Investment Options.
• Investments will be automatically rebalanced
quarterly.
• Withdrawals may significantly reduce or end
the benefit as indicated in Appendix C.
• No guaranteed minimum Contract Value before
the first Target Value Date, or between Target
Value Dates.
• Target Value Dates occur every Rider
Anniversary after the first Target Value Date.
• No benefit on a Target Value Date if Contract
Value is greater than Target Value.
• Initial Target Value Date resets are subject to
limitations and restarts the 10-year waiting
period before the first Target Value Date.
• Full Annuitization of the Contract will end the
benefit.
• For Bonus Option Contracts, bonus amounts
are not included in benefit values based on
Purchase Payments.
|
|
Bonuses on
Purchase
Payments
|
Provides a 6% bonus on Purchase Payments for
Bonus Option Contracts.
|
0.30%
higher M&E
charge
compared to
Base Option
Contract
(as a
percentage
of each
Investment
Option’s
average net
assets)
|
• Only available on the Bonus Option Contract
class.
• Bonuses only available during the
Accumulation Phase.
• Purchase Payment must be received before
age 81.
• Bonuses not considered part of Purchase
Payments for purposes of Contract guarantees
(including, but not limited to, the Traditional
Death Benefit).
• Additional charge for bonus feature built into
higher M&E charge and higher and longer
withdrawal charge schedule compared to Base
Option Contract.
• Higher charges associated with Bonus Option
Contracts may be greater than any benefit
from bonuses.
• Bonus feature cannot be removed from the
Contract.
|
|
|
|
• For Bonus Option Contracts: Bonus amounts are included in the parts of
the Traditional Death Benefit based on
Contract Value, but do not in the parts of the Traditional Death Benefit
based on Purchase Payments.
|
|
• For Contracts with one of the Lifetime Benefits, Target Date Benefits, Income Focus, Investment Protector,
or Income Protector: We restrict additional Purchase Payments, which limits the Traditional Death Benefit Value.
In addition, each lifetime payment, Cumulative Withdrawal, and Excess
Withdrawal reduces the Traditional Death
Benefit Value by the percentage of Contract Value withdrawn (including
any withdrawal charge). Taking lifetime
payments, Cumulative Withdrawals, and Excess
Withdrawals may cause the Traditional Benefit to end.
|
|
|
|
• If you have Income Protector, a Lifetime Benefit, or Income Focus your Contract Value decreases with each lifetime
payment, Cumulative Withdrawal, Excess Withdrawal, and benefit charge
deduction. This reduces the likelihood of
locking in investment gains and directly reduces the Maximum Anniversary
Value or Quarterly Anniversary Value.
Taking lifetime payments, Cumulative Withdrawals, and
Excess Withdrawals may cause the Maximum
Anniversary Death Benefit or Quarterly Value Death
Benefit to end.
|
|
• For Bonus Option Contracts: The bonus is not included in the parts of the
Maximum Anniversary Death Benefit or
Quarterly Value Death Benefit based on Purchase Payments.
|
|
Income Protector
(Version Identifier)
|
Annual
Increase
Percentage
used to
calculate
the Annual
Increase
|
Number of
Guarantee
Years used
to calculate
the Annual
Increase
|
Payment Percentages used to calculate
annual maximum Lifetime Plus Payments
|
|||||
|
(09.20 through 02.21)
available on
Contract Version A(1) and B
from September 8, 2020
through February 28, 2021
|
4%,
which is
1.00%
applied
quarterly
|
30
|
Covered Person’s age for single Lifetime
Plus Payments
|
Younger Covered Person’s age for joint
Lifetime Plus Payments
|
||||
|
60 – 64
65 – 79
80+
|
3.50%
4.00%
5.00%
|
60 – 64
65 – 79
80+
|
3.00%
3.50%
4.50%
|
|||||
|
5%,
which is
1.25%
applied
quarterly
|
30
|
Covered Person’s age for single Lifetime
Plus Payments
|
Younger Covered Person’s age for joint
Lifetime Plus Payments
|
|||||
|
60 – 64
65 – 79
80+
|
3.50%
4.00%
5.00%
|
60 – 64
65 – 79
80+
|
3.00%
3.50%
4.50%
|
|||||
|
(09.19 through 03.20)
available on
Contract Version A(1) and B
from September 4, 2019
through April 6, 2020
|
6%,
which is
1.50%
applied
quarterly
|
30
|
Covered Person’s age for single Lifetime
Plus Payments
|
Younger Covered Person’s age for joint
Lifetime Plus Payments
|
||||
|
60 – 64
65 – 79
80+
|
4.00%
4.50%
5.50%
|
60 – 64
65 – 79
80+
|
3.50%
4.00%
5.00%
|
|||||
|
6%,
which is
1.50%
applied
quarterly
|
30
|
Covered Person’s age for single Lifetime
Plus Payments
|
Younger Covered Person’s age for joint
Lifetime Plus Payments
|
|||||
|
60 – 64
65 – 79
80+
|
4.50%
5.00%
6.00%
|
60 – 64
65 – 79
80+
|
4.00%
4.50%
5.50%
|
|||||
|
7%,
which is
1.75%
applied
quarterly
|
30
|
Covered Person’s age for single Lifetime
Plus Payments
|
Younger Covered Person’s age for joint
Lifetime Plus Payments
|
|||||
|
60 – 64
65 – 79
80+
|
4.50%
5.00%
6.00%
|
60 – 64
65 – 79
80+
|
4.00%
4.50%
5.50%
|
|||||
|
(11.18 through 04.19v2)
available on
Contract Version A(1) and B
from November 6, 2018
through May 6, 2019
|
8%,
which is
2.00%
applied
quarterly
|
30
|
Covered Person’s age for single Lifetime
Plus Payments
|
Younger Covered Person’s age for joint
Lifetime Plus Payments
|
||||
|
60 – 64
65 – 79
80+
|
4.50%
5.00%
6.00%
|
60 – 64
65 – 79
80+
|
4.00%
4.50%
5.50%
|
|||||
|
Income Protector
(Version Identifier)
|
Annual
Increase
Percentage
used to
calculate
the Annual
Increase
|
Number of
Guarantee
Years used
to calculate
the Annual
Increase
|
Payment Percentages used to calculate
annual maximum Lifetime Plus Payments
|
|||||
|
(08.18 through 10.18)
available on
Contract Version A(1) and B
from August 7, 2018
through November 5, 2018
|
8%,
which is
2.00%
applied
quarterly
|
30
|
Covered Person’s age for single Lifetime
Plus Payments
|
Younger Covered Person’s age for joint
Lifetime Plus Payments
|
||||
|
60 – 64
65 – 79
80+
|
4.25%
4.75%
5.75%
|
60 – 64
65 – 79
80+
|
3.75%
4.25%
5.25%
|
|||||
|
8%,
which is
2.00%
applied
quarterly
|
30
|
Covered Person’s age for single Lifetime
Plus Payments
|
Younger Covered Person’s age for joint
Lifetime Plus Payments
|
|||||
|
60 – 64
65 – 79
80+
|
4.00%
4.50%
5.50%
|
60 – 64
65 – 79
80+
|
3.50%
4.00%
5.00%
|
|||||
|
(12.17 through 02.18)
available on
Contract Version A(1) and B
from December 5, 2017
through March 5, 2018
|
7%,
which is
1.75%
applied
quarterly
|
30
|
Covered Person’s age for single Lifetime
Plus Payments
|
Younger Covered Person’s age for joint
Lifetime Plus Payments
|
||||
|
60 – 64
65 – 79
80+
|
4.00%
4.50%
5.50%
|
60 – 64
65 – 79
80+
|
3.50%
4.00%
5.00%
|
|||||
|
6%,
which is
1.50%
applied
quarterly
|
30
|
Covered Person’s age for single Lifetime
Plus Payments
|
Younger Covered Person’s age for joint
Lifetime Plus Payments
|
|||||
|
60 – 64
65 – 79
80+
|
4.00%
4.50%
5.50%
|
60 – 64
65 – 79
80+
|
3.50%
4.00%
5.00%
|
|||||
|
5%,
which is
1.25%
applied
quarterly
|
30
|
Covered Person’s age for single Lifetime
Plus Payments
|
Younger Covered Person’s age for joint
Lifetime Plus Payments
|
|||||
|
60 – 64
65 – 79
80+
|
4.00%
4.50%
5.50%
|
60 – 64
65 – 79
80+
|
3.50%
4.00%
5.00%
|
|||||
|
4%,
which is
1.00%
applied
quarterly
|
30
|
Covered Person’s age for single Lifetime
Plus Payments
|
Younger Covered Person’s age for joint
Lifetime Plus Payments
|
|||||
|
60 – 64
65 – 79
80+
|
4.00%
4.50%
5.50%
|
60 – 64
65 – 79
80+
|
3.50%
4.00%
5.00%
|
|||||
|
(09.16 through 11.16)
available on
Contract Version A(1) and B
from September 6, 2016
through December 5, 2016
|
4%,
which is
1.00%
applied
quarterly
|
30
|
Covered Person’s age for single Lifetime
Plus Payments
|
Younger Covered Person’s age for joint
Lifetime Plus Payments
|
||||
|
60 – 64
65 – 79
80+
|
3.75%
4.25%
5.25%
|
60 – 64
65 – 79
80+
|
3.25%
3.75%
4.75%
|
|||||
|
4%,
which is
1.00%
applied
quarterly
|
30
|
Covered Person’s age for single Lifetime
Plus Payment
|
Younger Covered Person’s age for joint
Lifetime Plus Payments
|
|||||
|
60 – 64
65 – 79
80+
|
4.0%
4.5%
5.5%
|
60 – 64
65 – 79
80+
|
3.5%
4.0%
5.0%
|
|||||
|
5%,
which is
1.25%
applied
quarterly
|
30
|
Covered Person’s age for single Lifetime
Plus Payments
|
Younger Covered Person’s age for joint
Lifetime Plus Payments
|
|||||
|
60 – 64
65 – 79
80+
|
4.0%
4.5%
5.5%
|
60 – 64
65 – 79
80+
|
3.5%
4.0%
5.0%
|
|||||
|
6%,
which is
1.5%
applied
quarterly
|
30
|
Covered Person’s age for single Lifetime
Plus Payments
|
Younger Covered Person’s age for joint
Lifetime Plus Payments
|
|||||
|
60 – 64
65 – 79
80+
|
4.0%
4.5%
5.5%
|
60 – 64
65 – 79
80+
|
3.5%
4.0%
5.0%
|
|||||
|
Income Protector
(Version Identifier)
|
Annual
Increase
Percentage
used to
calculate
the Annual
Increase
|
Number of
Guarantee
Years used
to calculate
the Annual
Increase
|
Payment Percentages used to calculate
annual maximum Lifetime Plus Payments
|
|||||
|
6%,
which is
1.5%
applied
quarterly
|
30
|
Covered Person’s age for single Lifetime
Plus Payments
|
Younger Covered Person’s age for joint
Lifetime Plus Payments
|
|||||
|
60 – 64
65 – 79
80+
|
4.0%
4.5%
5.5%
|
60 – 64
65 – 79
80+
|
3.5%
4.0%
5.0%
|
|||||
|
5%,
which is
1.25%
applied
quarterly
|
30
|
Covered Person’s age for single Lifetime
Plus Payments
|
Younger Covered Person’s age for joint
Lifetime Plus Payments
|
|||||
|
60 – 64
65 – 79
80+
|
4.0%
4.5%
5.5%
|
60 – 64
65 – 79
80+
|
3.5%
4.0%
5.0%
|
|||||
|
7%,
which is
1.75%
applied
quarterly
|
30
|
Covered Person’s age for single Lifetime
Plus Payments
|
Younger Covered Person’s age for joint
Lifetime Plus Payments
|
|||||
|
60 – 64
65 – 79
80+
|
4.0%
4.5%
5.5%
|
60 – 64
65 – 79
80+
|
3.5%
4.0%
5.0%
|
|||||
|
8%,
which is 2%
applied
quarterly
|
30
|
Covered Person’s age for single Lifetime
Plus Payments
|
Younger Covered Person’s age for joint
Lifetime Plus Payments
|
|||||
|
60 – 64
65 – 79
80+
|
4.0%
4.5%
5.5%
|
60 – 64
65 – 79
80+
|
3.5%
4.0%
5.0%
|
|||||
|
8%,
which is 2%
applied
quarterly
|
30
|
Age of Covered Person for single Lifetime Plus Payments, or
age of younger Covered Person for joint Lifetime Plus Payments
|
||||||
|
60 – 64
65 – 79
80+
|
4.0%
4.5%
5.5%
|
|||||||
|
8%,
which is 2%
applied
quarterly
|
20
|
Age of Covered Person for single Lifetime Plus Payments, or
age of younger Covered Person for joint Lifetime Plus Payments
|
||||||
|
60 – 64
65 – 79
80+
|
4.0%
4.5%
5.5%
|
|||||||
|
8%,
which is 2%
applied
quarterly
|
20
|
Age of Covered Person for single Lifetime Plus Payments, or
age of younger Covered Person for joint Lifetime Plus Payments
|
||||||
|
65 – 79
80+
|
4.5%
5.5%
|
|||||||
|
• The minimum exercise age that Lifetime Plus Payments can begin is age 65 for Income Protector (08.09), or age 60
for all other versions of Income Protector.
|
|
• On the Rider Effective Date we established your Contract’s Annual Increase Percentage, Guarantee Years, and
Payment Percentages and we cannot change these values while your benefit
is in effect.
|
|
a
|
=
|
The Annual Increase at the end of the prior Business Day.
|
|
b
|
=
|
The Annual Increase Percentage we set on the Rider Effective Date (which is included in
the Lifetime Plus Payment
Overview earlier in this section) divided by four.
|
|
c
|
=
|
The Increase Base at the end of the prior Business Day.
|
|
d
|
=
|
Purchase Payments* received on or after the prior Quarterly Anniversary. If you selected
this benefit at issue, we
exclude from “d” any Purchase Payments received before the first Quarterly Anniversary.
|
|
FOR BONUS OPTION CONTRACTS: The bonus is not included in the parts of the Quarterly Anniversary Value,
Annual Increase or Increase Base based on Purchase Payments.
|
|
If the older Covered Person is age 80 on the Rider
Effective Date, we extend the latest available Benefit Date by 30
calendar days in order to allow you to receive the
maximum benefit from the Annual Increase.
|
|
• For Qualified Contracts, if we calculate a required minimum distribution
(RMD) based on this Contract, after
making all Lifetime Plus Payments for the calendar year, we determine
whether this calendar year’s total RMD has
been satisfied by these payments and any Excess Withdrawals. If the RMD
amount for this Contract has not been
satisfied, we send you this remaining amount as one RMD payment by the
end of the calendar year. We consider this
payment to be a withdrawal, but it is not an Excess Withdrawal and it is
not subject to a withdrawal charge.
|
|
• For required annuitization, if on the Income Date you are receiving
Lifetime Plus Payments, we guarantee to pay
you the greater of your maximum Lifetime Plus Payment or fixed Annuity
Payments based on the Contract Value
under Annuity Option 1 or Annuity Option 3. If you select any other
Annuity Option, or if you choose to take
variable Annuity Payments, this guarantee does not apply. For more
information, see section 13, The Annuity Phase.
|
|
Automatic annual Lifetime Plus Payment increases are
not available once the older Covered Person reaches age
91, or on or after the Business Day your Contract
Value reduces to zero.
|
|
• For Income Protector (05.12 through 02.21), an assignment or change of ownership does not change the Covered
Person(s). After an assignment or change of ownership, if a Covered
Person who was previously an Owner or
Annuitant no longer has that position, Income Protector ends on the
earlier of the date of death of an individual
Owner (or Annuitant if the Owner is a non-individual), or last surviving
Covered Person. Upon the death of an
individual Owner (or Annuitant if the Owner is a non-individual), if the
deceased’s spouse is a sole Beneficiary and
continues the Contract, Income Protector ends on the earlier of the date
of death of the surviving spouse or last
surviving Covered Person. If a surviving spouse instead elects to
receive payment of the death benefit, Income
Protector ends on the Business Day we receive his or her Valid Claim. This means that Lifetime Plus Payments may
end even if a Covered Person is still
alive.
|
|
|
|
• The bonus may be more than offset by the Bonus Option’s higher M&E charge and withdrawal charge, especially
during periods of poor Investment Option performance.
|
|
• The IRS has not reviewed the Contract for qualification as an IRA and has not issued a ruling as to whether a bonus
benefit complies with IRA requirements.
|
|
Type of Contract
|
Persons and Entities that can own the Contract
|
|
IRA
|
Must have the same individual as Owner and Annuitant.
|
|
Roth IRA
|
Must have the same individual as Owner and Annuitant.
|
|
SEP IRA
|
Must have the same individual as Owner and Annuitant.
|
|
Certain Code Section 401 Plans
|
A qualified retirement plan is the Owner and the Annuitant must be an individual who is a
participant in the plan. If the qualified retirement plan is a defined benefit plan, the
individual must
be the only participant in the plan.
|
|
403(b)
|
Must have the same individual as Owner and Annuitant.
|
|
Investment Objectives
|
Investment Option and
Adviser/Subadviser
|
Current
Expenses
|
Average Annual Total Returns
(as of December 31, 2023)
|
||
|
1 Year
|
5 Years
|
10 Years
|
|||
|
Long-term capital appreciation with
preservation of capital as an
important consideration
|
AZL®
Balanced Index
Strategy Fund
Adviser: Allianz Investment
Management LLC
|
0.69%
|
13.21%
|
6.84%
|
5.33%
|
|
Long-term capital appreciation
|
AZL®
DFA Multi-Strategy
Fund
Adviser: Allianz Investment
Management LLC
|
0.86%
|
13.22%
|
8.04%
|
6.09%
|
|
Exceed total return of the
Bloomberg Capital U.S. Aggregate
Bond Index
|
AZL®
Enhanced Bond Index
Fund
Adviser: Allianz Investment
Management LLC
Subadviser: BlackRock
Financial Management, Inc.
|
0.66%
|
5.39%
|
0.78%
|
1.41%
|
|
High level of current income while
maintaining prospects for capital
appreciation
|
AZL®
Fidelity Institutional
Asset Management®
Multi-Strategy Fund – Class
2(1)
Adviser: Allianz Investment
Management LLC
Subadviser: FIAM®
LLC
|
0.71%
|
13.87%
|
7.65%
|
4.93%
|
|
High level of current income
|
AZL®
Fidelity Institutional
Asset Management®
Total
Bond Fund – Class 2
Adviser: Allianz Investment
Management LLC
Subadviser: FIAM®
LLC
|
0.84%
|
6.68%
|
2.16%
|
2.36%
|
|
Current income consistent with
stability of principal
|
AZL®
Government Money
Market Fund(1)
Adviser: Allianz Investment
Management LLC
Subadviser: BlackRock
Advisors, LLC
|
0.87%
|
4.28%
|
1.32%
|
0.77%
|
|
Investment Objectives
|
Investment Option and
Adviser/Subadviser
|
Current
Expenses
|
Average Annual Total Returns
(as of December 31, 2023)
|
||
|
1 Year
|
5 Years
|
10 Years
|
|||
|
Seeks to match the performance of
the MSCI EAFE® Index as closely
as possible
|
AZL®
International Index
Fund – Class 2
Adviser: Allianz Investment
Management LLC
Subadviser: BlackRock
Investment Management, LLC
|
0.71%
|
17.33%
|
7.66%
|
3.72%
|
|
Seeks to match the performance of
the Standard & Poor’s MidCap 400®
Index as closely as possible
|
AZL®
Mid Cap Index Fund –
Class 2
Adviser: Allianz Investment
Management LLC
Subadviser: BlackRock
Investment Management, LLC
|
0.57%
|
15.88%
|
12.19%
|
8.78%
|
|
Long-term capital appreciation
|
AZL®
Moderate Index
Strategy Fund(1)
Adviser: Allianz Investment
Management LLC
|
0.68%
|
14.82%
|
7.95%
|
6.14%
|
|
Seeks to match the performance of
the MSCI World Index as closely as
possible
|
AZL®
MSCI Global Equity
Index Fund – Class 2(1)
Adviser: Allianz Investment
Management LLC
Subadviser: BlackRock
Investment Management, LLC
|
0.65%
|
23.37%
|
12.41%
|
5.06%
|
|
Long-term capital appreciation with
preservation of capital as an
important consideration
|
AZL®
MVP Balanced Index
Strategy Fund(2)
Adviser: Allianz Investment
Management LLC
|
0.70%
|
12.85%
|
5.55%
|
4.64%
|
|
Long-term capital appreciation
|
AZL®
MVP DFA
Multi-Strategy Fund(1,2)
Adviser: Allianz Investment
Management LLC
|
0.87%
|
13.69%
|
6.52%
|
4.78%
|
|
High level of current income while
maintaining prospects for capital
appreciation
|
AZL®
MVP Fidelity
Institutional Asset
Management®
Multi-Strategy
Fund(2)
Adviser: Allianz Investment
Management LLC
|
0.87%
|
12.63%
|
6.08%
|
3.50%
|
|
Long-term capital appreciation with
preservation of capital as an
important consideration
|
AZL®
MVP Global Balanced
Index Strategy Fund(2)
Adviser: Allianz Investment
Management LLC
|
0.76%
|
13.85%
|
5.27%
|
3.50%
|
|
Long-term capital appreciation
|
AZL®
MVP Growth Index
Strategy Fund(2)
Adviser: Allianz Investment
Management LLC
|
0.68%
|
16.81%
|
7.82%
|
5.95%
|
|
Investment Objectives
|
Investment Option and
Adviser/Subadviser
|
Current
Expenses
|
Average Annual Total Returns
(as of December 31, 2023)
|
||
|
1 Year
|
5 Years
|
10 Years
|
|||
|
Long-term capital appreciation
|
AZL®
MVP Moderate Index
Strategy Fund(2)
Adviser: Allianz Investment
Management LLC
|
0.71%
|
14.59%
|
6.61%
|
5.03%
|
|
Long term capital appreciation with
preservation of capital as an
important intermediate-term
objective
|
AZL®
MVP T. Rowe Price
Capital Appreciation Plus
Fund(2)
Adviser: Allianz Investment
Management LLC
|
0.88%
|
17.36%
|
9.22%
|
8.11%
|
|
Seeks to match the total return of
the Russell 1000® Growth Index
|
AZL®
Russell 1000 Growth
Index Fund – Class 2(1)
Adviser: Allianz Investment
Management LLC
Subadviser: BlackRock
Investment Management, LLC
|
0.67%
|
42.69%
|
19.03%
|
14.20%
|
|
Seeks to match the total return of
the Russell 1000® Value Index
|
AZL®
Russell 1000 Value
Index Fund – Class 2(1)
Adviser: Allianz Investment
Management LLC
Subadviser: BlackRock
Investment Management, LLC
|
0.67%
|
11.56%
|
10.32%
|
7.74%
|
|
Seeks to match total return of the
S&P 500®
|
AZL®
S&P 500 Index Fund –
Class 2
Adviser: Allianz Investment
Management LLC
Subadviser: BlackRock
Investment Management, LLC
|
0.48%
|
25.68%
|
15.08%
|
11.48%
|
|
Seeks to match performance of the
S&P SmallCap 600 Index®
|
AZL®
Small Cap Stock Index
Fund – Class 2
Adviser: Allianz Investment
Management LLC
Subadviser: BlackRock
Investment Management, LLC
|
0.58%
|
15.36%
|
10.39%
|
8.06%
|
|
Long-term capital appreciation with
preservation of capital as an
important intermediate-term
objective
|
AZL®
T. Rowe Price Capital
Appreciation Fund(1)
Adviser: Allianz Investment
Management LLC
Subadviser: T. Rowe Price
Associates, Inc./T. Rowe Price
Investment Management, Inc.
|
1.00%
|
18.47%
|
12.44%
|
10.15%
|
|
Long-term growth of capital
|
Davis VA Financial
Portfolio(1,3)
Adviser: Davis Selected
Advisers, L.P.
|
0.78%
|
15.29%
|
10.25%
|
8.80%
|
|
Investment Objectives
|
Investment Option and
Adviser/Subadviser
|
Current
Expenses
|
Average Annual Total Returns
(as of December 31, 2023)
|
||
|
1 Year
|
5 Years
|
10 Years
|
|||
|
Income
|
Franklin U.S. Government
Securities VIP Fund – Class
2(1,3)
Adviser: Franklin Advisers, Inc.
|
0.77%
|
4.47%
|
0.22%
|
0.73%
|
|
Maximize total return
|
LVIP JPMorgan Core Bond
Fund – Service Class(1)
Adviser: Lincoln Investment
Advisors Corporation
Subadviser: J.P. Morgan
Investment Management, Inc.
|
0.74%
|
NA
|
NA
|
NA
|
|
Total return with an emphasis on
current income, but also considering
capital appreciation
|
MFS Total Return Bond
Series – Service Class(1)
Adviser: Massachusetts
Financial Services Company
|
0.78%
|
7.13%
|
1.58%
|
1.96%
|
|
Total return which exceeds that of its
benchmark
|
PIMCO Balanced Allocation
Portfolio – Admin. Class(1)
Adviser: Pacific Investment
Management Company LLC
|
0.90%
|
15.09%
|
7.21%
|
5.04%
|
|
Maximum real return consistent with
prudent investment management
|
PIMCO
CommodityRealReturn®
Strategy Portfolio – Admin.
Class(1)
Adviser: Pacific Investment
Management Company LLC
|
1.48%
|
-7.85%
|
8.55%
|
-0.80%
|
|
Maximum total return, consistent
with preservation of capital and
prudent investment management
|
PIMCO Emerging Markets
Bond Portfolio – Admin.
Class(1,3)
Adviser: Pacific Investment
Management Company LLC
|
1.27%
|
11.14%
|
2.25%
|
2.79%
|
|
Total return which exceeds that of its
benchmark
|
PIMCO Global Core Bond
(Hedged) Portfolio – Admin.
Class
Adviser: Pacific Investment
Management Company LLC
|
0.87%
|
7.98%
|
1.87%
|
1.45%
|
|
Maximum total return, consistent
with preservation of capital and
prudent investment management
|
PIMCO High Yield Portfolio –
Admin. Class(1,3)
Adviser: Pacific Investment
Management Company LLC
|
0.77%
|
12.25%
|
4.84%
|
4.16%
|
|
Maximum total return, consistent
with preservation of capital and
prudent investment management
|
PIMCO Long-Term U.S.
Government Portfolio –
Admin. Class
Adviser: Pacific Investment
Management Company LLC
|
2.01%
|
3.99%
|
-1.29%
|
-0.45%
|
|
Investment Objectives
|
Investment Option and
Adviser/Subadviser
|
Current
Expenses
|
Average Annual Total Returns
(as of December 31, 2023)
|
||
|
1 Year
|
5 Years
|
10 Years
|
|||
|
Maximum real return, consistent
with preservation of real capital and
prudent investment management
|
PIMCO Real Return Portfolio
– Admin. Class(1,3)
Adviser: Pacific Investment
Management Company LLC
|
0.84%
|
3.67%
|
3.17%
|
2.23%
|
|
Total return, which exceeds that of
its secondary benchmark index
consistent with prudent investment
management
|
PIMCO StocksPLUS®
Global
Portfolio – Advisor Class(1)
Adviser: Pacific Investment
Management Company LLC
|
0.91%
|
22.84%
|
11.41%
|
6.42%
|
|
Maximum total return, consistent
with preservation of capital and
prudent investment management
|
PIMCO Total Return Portfolio
– Admin. Class
Adviser: Pacific Investment
Management Company LLC
|
0.75%
|
5.94%
|
1.09%
|
1.71%
|
|
High current income, consistent with
preservation of capital, with capital
appreciation as a secondary
consideration
|
Templeton Global Bond VIP
Fund – Class 2(1,3)
Adviser: Franklin Advisers, Inc.
|
0.75%
|
2.88%
|
-2.13%
|
-0.66%
|
|
Investment Options Available with Versions:
11.17, 12.17, 01.18, 02.18, 03.18, 04.18, 05.18, 06.18, 07.18, 08.18, 09.18, 10.18, 11.18,
12.18, 01.19, 02.19, 03.19, 04.19v1, 04.19v2,
05.19, 06.19, 07.19, 08.19, 09.19, 10.19, 11.19, 12.19, 01.20, 02.20, 03.20, 04.20, 05.20,
06.20, 07.20, 08.20, 09.20, 10.20, 11.20,
12.20, 01.21, 02.21
|
|
|
AZL Enhanced Bond Index Fund
AZL Fidelity Institutional Asset Management® Total Bond Fund
AZL Government Money Market Fund
AZL MVP Balanced Index Strategy Fund
AZL MVP Global Balanced Index Strategy Fund
AZL MVP DFA Multi-Strategy Fund
AZL MVP Fidelity Institutional Asset Management® Multi-Strategy
Fund
|
AZL MVP Growth Index Strategy Fund
AZL MVP Moderate Index Strategy Fund
AZL MVP T. Rowe Price Capital Appreciation Plus Fund
LVIP JPMorgan Core Bond Fund
MFS Total Return Bond Portfolio
PIMCO Balanced Allocation Portfolio
PIMCO Global Core Bond (Hedged) Portfolio
PIMCO Total Return Portfolio
|
|
Investment Options Available with Versions:
01.12, 05.12, 07.12, 10.12, 04.15, 04.16, 05.16, 06.16, 07.16, 08.16, 09.16, 10.16, 11.16,
12.16, 01.17, 02.17, 03.17, 04.17, 05.17,
06.17, 07.17, 08.17, 09.17, 10.17
|
|
|
AZL Enhanced Bond Index Fund
AZL Fidelity Institutional Asset Management® Total Bond Fund
AZL Fidelity Institutional Asset Management® Multi-Strategy Fund
AZL Government Money Market Fund
AZL MVP Balanced Index Strategy Fund
AZL MVP Global Balanced Index Strategy Fund
AZL MVP DFA Multi-Strategy Fund
AZL MVP Fidelity Institutional Asset Management® Multi-Strategy
Fund
AZL MVP Growth Index Strategy Fund
|
AZL MVP Moderate Index Strategy Fund
AZL MVP T. Rowe Price Capital Appreciation Plus Fund
Franklin U.S. Government Securities VIP Fund*
LVIP JPMorgan Core Bond Fund
MFS Total Return Bond Portfolio
PIMCO Balanced Allocation Portfolio
PIMCO Global Core Bond (Hedged) Portfolio
PIMCO High Yield Portfolio*
PIMCO Real Return Portfolio*
PIMCO Total Return Portfolio
Templeton Global Bond VIP Fund*
|
|
Investment Options Available with Versions:
08.09, 05.10, 05.11
|
|
|
AZL Balanced Index Strategy Fund
AZL DFA Multi-Strategy Fund
AZL Enhanced Bond Index Fund
AZL Fidelity Institutional Asset Management® Multi-Strategy Fund
AZL Fidelity Institutional Asset Management® Total Bond Fund
AZL Government Money Market Fund
AZL Moderate Index Strategy Fund
AZL MVP Balanced Index Strategy Fund
AZL MVP DFA Multi-Strategy Fund
AZL MVP Growth Index Strategy Fund
AZL MVP Moderate Index Strategy Fund
|
AZL MVP T. Rowe Price Capital Appreciation Plus Fund
Franklin U.S. Government Securities VIP Fund*
LVIP JPMorgan Core Bond Fund
MFS Total Return Bond Portfolio
PIMCO Balanced Allocation Portfolio
PIMCO Emerging Markets Bond Portfolio*
PIMCO Global Core Bond (Hedged) Portfolio
PIMCO High Yield Portfolio*
PIMCO Real Return Portfolio*
PIMCO Total Return Portfolio
Templeton Global Bond VIP Fund*
|
|
Income Focus
Available Investment Options:
|
|
|
AZL MVP Balanced Index Strategy Fund
AZL MVP DFA Multi-Strategy Fund
AZL MVP Global Balanced Index Strategy Fund
AZL MVP Fidelity Institutional Asset Management® Multi-Strategy
Fund
|
AZL MVP Growth Index Strategy Fund
AZL MVP Moderate Index Strategy Fund
AZL MVP T. Rowe Price Capital Appreciation Plus Fund
PIMCO Balanced Allocation Portfolio
|
|
Lifetime Benefit
|
Available Dates
|
|
Lifetime Plus Benefit (only version)
|
10/1/2007 - 3/31/2009
|
|
Lifetime Plus 8 Benefit version 1
|
8/7/2008 - 1/23/2009
|
|
Lifetime Plus 8 Benefit version 2
|
1/26/2009 - 1/23/2009
|
|
Group A Investment Options
|
|
|
AZL Small Cap Stock Index Fund
Davis VA Financial Portfolio*
|
PIMCO CommodityRealReturn® Strategy Portfolio
|
|
Group B Investment Options
|
|
|
AZL International Index Fund
AZL Mid Cap Index Fund
AZL Russell 1000 Growth Index Fund
AZL Russell 1000 Value Index Fund
|
AZL S&P 500 Index Fund
PIMCO StocksPLUS® Global Portfolio
AZL MSCI Global Equity Index Fund
|
|
Group C Investment Options
|
|
|
AZL Balanced Index Strategy Fund
AZL DFA Multi-Strategy Fund
AZL Enhanced Bond Index Fund
AZL Fidelity Institutional Asset Management® Multi-Strategy Fund
AZL Fidelity Institutional Asset Management® Total Bond Fund
AZL Government Money Market Fund
AZL Moderate Index Strategy Fund
AZL MVP Balanced Index Strategy Fund
AZL MVP DFA Multi-Strategy Fund
AZL MVP Fidelity Institutional Asset Management® Multi-Strategy
Fund
|
AZL T. Rowe Price Capital Appreciation Fund
AZL MVP Growth Index Strategy Fund
Franklin U.S. Government Securities VIP Fund*
PIMCO Emerging Markets Bond Portfolio*
PIMCO Global Core Bond (Hedged) Portfolio
PIMCO Balanced Allocation Portfolio
PIMCO High Yield Portfolio*
PIMCO Real Return Portfolio*
PIMCO Total Return Portfolio
Templeton Global Bond VIP Fund*
|
|
TABLE 1: Available Investment Option Groups
|
|
|
Equity Group
|
|
|
AZL Balanced Index Strategy Fund
AZL DFA Multi-Strategy Fund
AZL Fidelity Institutional Asset Management® Multi-Strategy Fund
AZL International Index Fund
AZL Mid Cap Index Fund
AZL Moderate Index Strategy Fund
AZL MSCI Global Equity Index Fund
AZL MVP Balanced Index Strategy Fund
|
AZL MVP Growth Index Strategy Fund
AZL Russell 1000 Growth Index Fund
AZL Russell 1000 Value Index Fund
AZL S&P 500 Index Fund
AZL T. Rowe Price Capital Appreciation Fund
PIMCO Balanced Allocation Portfolio
PIMCO StocksPLUS® Global Portfolio
|
|
Fixed Income Group
|
|
|
AZL Enhanced Bond Index Fund
AZL Fidelity Institutional Asset Management® Total Bond Fund
AZL Government Money Market Fund
Franklin U.S. Government Securities VIP Fund*
LVIP JPMorgan Core Bond Fund
MFS Total Return Bond Portfolio
|
PIMCO Global Core Bond (Hedged) Portfolio
PIMCO High Yield Portfolio*
PIMCO Long-Term U.S. Government Portfolio
PIMCO Real Return Portfolio*
PIMCO Total Return Portfolio
Templeton Global Bond VIP Fund*
|
|
TABLE 2: Maximum Contract Value Allowed in the Equity Group
|
|||||||||||||||||
|
Number of
Rider
Years* to
the Initial
Target
Value Date
|
CV =
94%+
of TV
|
CV =
88%
to ˂
94%
of TV
|
CV =
82%
to ˂
88%
of TV
|
CV =
76%
to ˂
82%
of TV
|
CV =
70%
to ˂
76%
of TV
|
CV =
64%
to ˂
70%
of TV
|
CV =
58%
to ˂
64%
of TV
|
CV =
52%
to ˂
58%
of TV
|
CV =
46%
to ˂
52%
of TV
|
CV =
40%
to ˂
46%
of TV
|
CV =
34%
to ˂
40%
of TV
|
CV =
28%
to ˂
34%
of TV
|
CV =
22%
to ˂
28%
of TV
|
CV =
16%
to ˂
22%
of TV
|
CV =
10%
to ˂
16%
of TV
|
CV =
4%
to ˂
10%
of TV
|
CV ˂
4%
of TV
|
|
33+
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
|
32
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
|
31
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
|
30
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
|
29
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
|
28
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
|
27
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
|
26
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
|
25
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
|
24
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
|
23
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
|
22
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
|
21
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
|
20
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
|
19
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
|
18
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
|
17
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
|
16
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
|
15
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
|
14
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
|
13
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
|
12
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
11
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
10
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
9
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
8
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
7
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
6
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
5
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
4
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
3
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
2
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
1
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
Initial Target
Value Date
and beyond
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
TABLE 1:
Available Investment Option Groups
|
|
|
Group A
|
|
|
AZL MVP Growth Index Strategy Fund
AZL Small Cap Stock Index Fund
|
Davis VA Financial Portfolio*
PIMCO CommodityRealReturn® Strategy Portfolio
|
|
Group B/X
|
|
|
AZL Balanced Index Strategy Fund
AZL DFA Multi-Strategy Fund
AZL Fidelity Institutional Asset Management® Multi-Strategy Fund
AZL International Index Fund
AZL Mid Cap Index Fund
AZL Moderate Index Strategy Fund
AZL MSCI Global Equity Index Fund
AZL MVP Balanced Index Strategy Fund
|
AZL Russell 1000 Growth Index Fund
AZL Russell 1000 Value Index Fund
AZL S&P 500 Index Fund
AZL T. Rowe Price Capital Appreciation Fund
PIMCO Balanced Allocation Portfolio
PIMCO StocksPLUS® Global Portfolio
|
|
Group Y
|
|
|
AZL Enhanced Bond Index Fund
AZL Fidelity Institutional Asset Management® Total Bond Fund
AZL Government Money Market Fund
Franklin U.S. Government Securities VIP Fund
LVIP JPMorgan Core Bond Fund
MFS Total Return Bond Portfolio
PIMCO Emerging Markets Bond Portfolio*
|
PIMCO Global Core Bond (Hedged) Portfolio
PIMCO High Yield Portfolio*
PIMCO Long-Term U.S. Government Portfolio
PIMCO Real Return Portfolio*
PIMCO Total Return Portfolio
Templeton Global Bond VIP Fund*
|
|
TABLE 2: Maximum Contract Value Allowed in Groups A and B/X
|
|||||||||||||||||
|
Number of Rider
Years* to
the Initial
Target
Value Date
|
CV =
94%
+
of TV
|
CV =
88%
to ˂
94%
of TV
|
CV =
82%
to ˂
88%
of TV
|
CV =
76%
to ˂
82%
of TV
|
CV =
70%
to ˂
76%
of TV
|
CV =
64%
to ˂
70%
of TV
|
CV =
58%
to ˂
64%
of TV
|
CV =
52%
to ˂
58%
of TV
|
CV =
46%
to ˂
52%
of TV
|
CV =
40%
to ˂
46%
of TV
|
CV =
34%
to ˂
40%
of TV
|
CV =
28%
to ˂
34%
of TV
|
CV =
22%
to ˂
28%
of TV
|
CV =
16%
to ˂
22%
of TV
|
CV =
10%
to ˂
16%
of TV
|
CV =
4%
to ˂
10%
of TV
|
CV ˂
4%
of TV
|
|
33+
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
|
32
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
|
31
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
|
30
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
|
29
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
|
28
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
|
27
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
|
26
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
|
25
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
|
24
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
|
23
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
|
22
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
|
21
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
|
20
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
|
19
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
|
18
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
|
17
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
|
16
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
|
15
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
|
14
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
|
13
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
|
12
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
11
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
10
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
9
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
8
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
7
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
6
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
5
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
4
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
3
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
2
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
1
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
Initial Target
Value Date
and beyond
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
TABLE 3: Maximum Contract Value Allowed in Group A and Minimum Contract
Value Required in Group Y
|
||
|
When the maximum % of Contract Value
allowed in Groups A and B/X is…
|
then the maximum % of
Contract Value allowed
in Group A is…
|
and the minimum % of Contract Value required
in Group Y is…
|
|
95%
|
30%
|
5%
|
|
90%
|
30%
|
10%
|
|
85%
|
25%
|
15%
|
|
80%
|
25%
|
20%
|
|
75%
|
20%
|
25%
|
|
70%
|
20%
|
30%
|
|
65%
|
15%
|
35%
|
|
60%
|
15%
|
40%
|
|
55%
|
10%
|
45%
|
|
50%
|
10%
|
50%
|
|
45%
|
5%
|
55%
|
|
40%
|
5%
|
60%
|
|
35%
|
5%
|
65%
|
|
30%
|
5%
|
70%
|
|
25%
|
5%
|
75%
|
|
20%
|
5%
|
80%
|
|
15%
|
5%
|
85%
|
|
10%
|
5%
|
90%
|
|
TABLE 1: Investment Option Groups
|
|
|
Group A(1)
|
|
|
AZL MVP Growth Index Strategy Fund*
|
Davis VA Financial Portfolio*
|
|
AZL Small Cap Stock Index Fund
|
PIMCO CommodityRealReturn® Strategy Portfolio
|
|
Group B
|
|
|
AZL International Index Fund
|
AZL S&P 500 Index Fund
|
|
AZL Mid Cap Index Fund
|
AZL T. Rowe Price Capital Appreciation Fund
|
|
AZL Russell 1000 Growth Index Fund
|
PIMCO StocksPLUS® Global Portfolio
|
|
AZL Russell 1000 Value Index Fund
|
AZL MSCI Global Equity Index Fund
|
|
Group X
|
Group Y
|
|
AZL DFA Multi-Strategy Fund
|
AZL Balanced Index Strategy Fund
|
|
AZL Fidelity Institutional Asset Management® Multi-Strategy Fund
|
AZL Enhanced Bond Index Fund
|
|
AZL Moderate Index Strategy Fund
|
AZL Fidelity Institutional Asset Management® Total Bond Fund
|
|
AZL MVP DFA Multi-Strategy Fund
|
AZL Government Money Market Fund
|
|
PIMCO Balanced Allocation Portfolio
|
AZL MVP Balanced Index Strategy Fund
|
|
|
AZL MVP Fidelity Institutional Asset Management® Multi-Strategy
Fund
|
|
|
Franklin U.S. Government Securities VIP Fund*
|
|
|
PIMCO Emerging Markets Bond Portfolio *
|
|
|
PIMCO Global Core Bond (Hedged) Portfolio
|
|
|
PIMCO High Yield Portfolio*
|
|
|
PIMCO Long-Term U.S. Government Portfolio
|
|
|
PIMCO Real Return Portfolio*
|
|
|
PIMCO Total Return Portfolio
|
|
|
Templeton Global Bond VIP Fund*
|
|
TABLE 2: Maximum Contract Value Allowed in Groups A and B/X
|
|||||||||||||||||
|
Number of
Rider
Years* to
the Initial
Target
Value Date
|
CV =
94%+
of TV
|
CV =
88%
to ˂
94%
of TV
|
CV =
82%
to ˂
88%
of TV
|
CV =
76%
to ˂
82%
of TV
|
CV =
70%
to ˂
76%
of TV
|
CV =
64%
to ˂
70%
of TV
|
CV =
58%
to ˂
64%
of TV
|
CV =
52%
to ˂
58%
of TV
|
CV =
46%
to ˂
52%
of TV
|
CV =
40%
to ˂
46%
of TV
|
CV =
34%
to ˂
40%
of TV
|
CV =
28%
to ˂
34%
of TV
|
CV =
22%
to ˂
28%
of TV
|
CV =
16%
to ˂
22%
of TV
|
CV =
10%
to ˂
16%
of TV
|
CV =
4%
to ˂
10%
of TV
|
CV ˂
4%
of TV
|
|
28+
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
|
27
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
|
26
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
|
25
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
|
24
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
|
23
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
|
22
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
|
21
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
|
20
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
|
19
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
|
18
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
|
17
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
|
16
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
|
15
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
|
14
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
|
13
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
|
12
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
11
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
10
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
9
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
8
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
7
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
6
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
5
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
4
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
3
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
2
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
1
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
Initial Target
Value Date
and beyond
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
When the maximum %
of Contract Value
allowed in the combined
Groups A, B and X is…
|
then the maximum %
of Contract Value
allowed in
Group A is…
|
and the minimum %
of Contract Value
required in
Group Y is…
|
|
95%
|
30%
|
5%
|
|
90%
|
30%
|
10%
|
|
85%
|
25%
|
15%
|
|
80%
|
25%
|
20%
|
|
75%
|
20%
|
25%
|
|
70%
|
20%
|
30%
|
|
65%
|
15%
|
35%
|
|
60%
|
15%
|
40%
|
|
55%
|
10%
|
45%
|
|
50%
|
10%
|
50%
|
|
45%
|
5%
|
55%
|
|
40%
|
5%
|
60%
|
|
35%
|
5%
|
65%
|
|
|
Contract
Value
|
Total Income Value
(Income Focus) and
Traditional Death
Benefit Value
|
Benefit Base
(Income Protector)
|
Rider Anniversary
Value
(Investment Protector)
|
Maximum
Anniversary
Value
(Maximum
Anniversary
Death Benefit)
|
|
Issue Date
|
$100,000
|
$100,000
|
$100,000
|
$100,000
|
$100,000
|
|
1st Quarterly Anniversary
|
$101,000
|
$100,000
|
+ ($100,000)
x 1.25%)
|
$100,000
|
$100,000
|
|
|
|
|
= +1,250
|
|
|
|
|
|
|
$101,250
|
|
|
|
Partial
Withdrawal
|
Contract
Value
|
Total Income Value
(Income Focus) and
Traditional Death
Benefit Value
|
Benefit Base
(Income Protector)
|
Rider Anniversary
Value
(Investment Protector)
|
Maximum
Anniversary
Value
(Maximum
Anniversary
Death Benefit)
|
|
Prior to withdrawal
|
$ 101,000
|
$ 100,000
|
$101,250
|
$100,000
|
$100,000
|
|
$5,000 withdrawal
|
|
– [(5,000/ 101,000)
x 100,000)]
|
– [(5,000/ 101,000)
x 101,250)]
|
– [(5,000/ 101,000)
x 100,000)]
|
– [(5,000/ 100,000)
x 101,000)]
|
|
|
– 5,000
|
= – 4,950
|
= – 5,012
|
= – 4,950
|
= – 4,950
|
|
After withdrawal
|
$ 96,000
|
$ 95,050
|
$ 96,238
|
$ 95,050
|
$ 95,050
|
|
Lifetime Plus
Payment
|
Contract
Value
|
Traditional Death
Benefit Value
|
Benefit
Base
|
Income Focus
Payment
|
Contract
Value
|
Traditional Death
Benefit Value
|
Income
Value
|
|
Before payment
|
$ 97,000
|
$ 85,500
|
$ 120,000
|
Before payment
|
$ 97,000
|
$ 85,500
|
$ 85,500
|
|
$4,800 payment
|
|
– [(4,800/ 97,000)
|
|
$ 5,344 payment
|
|
– [(5,344/ 97,000)
|
|
|
|
|
x 85,500)]
|
|
|
|
x 85,500)]
|
|
|
|
– 4,800
|
= – 4,231
|
no change
|
|
– 5,344
|
= – 4,710
|
no change
|
|
After payment
|
$ 92,200
|
$ 81,269
|
$ 120,000
|
After payment
|
$ 91,656
|
$ 80,790
|
$ 85,500
|
|
Excess
Withdrawal
|
Contract
Value
|
Traditional Death
Benefit Value
|
Benefit Base
|
Next anniverary’s
annual maximum
Lifetime Plus
Payment
|
Income Value
|
Next anniverary’s
annual
maximum
Income Focus
Payment
|
|
Prior to withdrawal
|
$ 92,000
|
$ 81,269
|
$ 120,000
|
$ 4,800
|
$ 85,500
|
$ 5,344
|
|
$5,000 withdrawal
|
|
– [(5,000/ 92,000)
|
– [(5,000/ 92,000)
|
– [(5,000/ 92,000)
|
– [(5,000/ 92,000)
|
– [(5,000/ 92,000)
|
|
|
|
x 81,269)]
|
x 120,000)]
|
x 4,800)]
|
x 85,500
|
x 5,344)]
|
|
|
– 5,000
|
= – 4,417
|
= – 6,522
|
= – 261
|
= – 4,647
|
= – 290
|
|
After withdrawal
|
$ 87,000
|
$ 76,852
|
$ 113,478
|
$ 4,539
|
$ 80,853
|
$ 5,054
|
|
• For the flexible rebalancing program: The program is not available while your Lifetime Benefit is in effect. However,
you can participate in the flexible rebalancing program after the rider
termination date if you remove a Lifetime
Benefit from your Contract.
|
|
• For partial withdrawals: You cannot take a partial withdrawal from specific Investment Options if you have a
Lifetime Benefit.
|
|
Lifetime Plus Payment Table for
Lifetime Plus Benefit with single Lifetime Plus Payments
|
|
|
Age band of the Covered Person
|
Annual maximum Lifetime Plus
Payment percentage
|
|
55 – 59
|
4%
|
|
60 – 69
|
5%
|
|
70 – 79
|
6%
|
|
80+
|
7%
|
|
Lifetime Plus Payment Table for
Lifetime Plus Benefit with joint Lifetime Plus Payments
|
|
|
Age band of the younger
Covered Person
|
Annual maximum Lifetime Plus
Payment percentage
|
|
60 – 69
|
5%
|
|
70 – 74
|
5.5%
|
|
75 – 79
|
6%
|
|
80+
|
7%
|
|
Lifetime Plus Payment Table for
Lifetime Plus 8 Benefit
|
|
|
Age band of the Covered Person
(or younger Covered Person for
joint Lifetime Plus Payments)
|
Annual maximum Lifetime Plus
Payment percentage
|
|
65 – 79
|
5%
|
|
80+
|
6%
|
|
For Bonus Option Contracts, bonus amounts are not included in the parts of the Quarterly Anniversary Value, 5%
Annual Increase or 8% Annual Increase based on Purchase Payments.
|
|
a
|
=
|
The 5% Annual Increase at the end of the prior Business Day; and
|
|
b
|
=
|
Purchase Payments* received within 90 days of the Issue Date.
|
|
c
|
=
|
The 5% Annual Increase at the end of the prior Business Day; and
|
|
d
|
=
|
Purchase Payments* received more than one year ago and at most 11 years ago. If there was
no reset, on the 11th
Rider Anniversary we exclude from “d” any Purchase Payments received within 90 days of the
Issue Date.
|
|
e
|
=
|
The 5% Annual Increase at the end of the prior Business Day; and
|
|
f
|
=
|
Contract Value* determined at the end of the last Business Day before the rider effective
date (or reset date).
|
|
g
|
=
|
The 5% Annual Increase at the end of the prior Business Day; and
|
|
h
|
=
|
Contract Value* determined at the end of the last Business Day before the rider effective
date (or reset date), plus
total Purchase Payments* received more than one year ago and at most 11 years ago and
after the rider effective
date (or reset date). If there was no reset, on the 11th Rider Anniversary we exclude from
“d” any Purchase
Payments received within 90 days of the Issue Date. We reduce each Purchase Payment by the
percentage of any
Contract Value withdrawn, determined at the end of each Business Day. Withdrawals include
Partial
Annuitizations and any withdrawal charges, but do not include amounts we withdraw for the
transfer fee, contract
maintenance charge, or rider charge.
|
|
|
5% Annual Increase
|
|
Issue Date
|
$50,000
|
|
Immediately After 2nd Purchase Payment
|
$100,000
|
|
1st Contract Anniversary
|
$105,000
|
|
Immediately After 3rd Purchase Payment
|
$155,000
|
|
2nd Contract Anniversary
|
$160,000
|
|
3rd Contract Anniversary
|
$167,500
|
|
4th Contract Anniversary
|
$175,000
|
|
5th Contract Anniversary
|
$182,500
|
|
6th Contract Anniversary
|
$190,000
|
|
7th Contract Anniversary
|
$197,500
|
|
8th Contract Anniversary
|
$205,000
|
|
9th Contract Anniversary
|
$212,500
|
|
10th Contract Anniversary
|
$220,000
|
|
11th Contract Anniversary
|
$222,500
|
|
12th Contract Anniversary
|
$225,000
|
|
a
|
=
|
The 8% Annual Increase at the end of the prior Business Day;
|
|
b
|
=
|
The increase base at the end of the prior Business Day; and
|
|
c
|
=
|
Purchase Payments* received on or after the prior Quarterly Anniversary. If you selected
this benefit at issue, we
exclude from “c” any Purchase Payments received before the first Quarterly Anniversary.
|
|
|
Contract Value
|
Increase Base
|
2% Quarterly Increase
|
8% Annual Increase
|
|
Issue Date
|
$100,000
|
$100,000
|
|
$100,000
|
|
1st Quarterly Anniversary
|
$101,000
|
$100,000
|
$2,000
|
$102,000
|
|
Immediately after 2nd Purchase Payment
|
$110,000
|
$110,000
|
|
$112,000
|
|
2nd Quarterly Anniversary
|
$108,500
|
$110,000
|
$2,000
|
$114,000
|
|
3rd Quarterly Anniversary
|
$119,000
|
$119,000
|
$2,200
|
$119,000
|
|
If the older Covered Person was age 80 on the rider
effective date we extend the latest available Benefit Date by 30
calendar days in order to allow you to receive the
maximum benefit from the Benefit Base values.
|
|
|
Age
|
Contract Value
|
Annual
Payment
Percentage
|
Annual Maximum
Lifetime
Plus Payment
|
Actual
Payment
|
Cumulative
Withdrawal
Value
|
|
Benefit Date
|
66
|
$100,000
|
4%
|
$4,200
|
$3,000
|
$1,200
|
|
1st Benefit Anniversary
|
67
|
$98,000
|
4%
|
$4,200
|
$4,200
|
$1,200
|
|
• For Qualified Contracts, if we calculate a required minimum distribution
(RMD) based on this Contract, after
making all Lifetime Plus Payments for the calendar year, we determine
whether this calendar year’s total RMD has
been satisfied by these payments, Cumulative Withdrawals and any Excess
Withdrawals. If the RMD amount for this
Contract has not been satisfied, we send you this remaining amount as
one RMD payment by the end of the calendar
year. We consider this payment to be a withdrawal, but it is not an
Excess Withdrawal and it is not subject to a
withdrawal charge.
|
|
• For required annuitizations, if on the Income Date you are receiving
Lifetime Plus Payments, we guarantee to pay
you the greater of your maximum Lifetime Plus Payment, or fixed Annuity
Payments based on the greater of Contract
Value or Cumulative Withdrawal Value under Annuity Option 1 or Annuity
Option 3. If we pay you the maximum
Lifetime Plus Payment on the Income Date, we also send you any remaining
Cumulative Withdrawal Value. If you
select any other Annuity Option, or if you choose variable Annuity
Payments, these guarantees do not apply. For
more information, see section 13, The Annuity Phase.
|
|
Your Contract refers to both of these benefits as “Target Date
Retirement Benefit Rider.” If your Contract has a
minimum of ten Contract Years to the initial Target Value Date then you
have Target Date 10 Benefit; if the minimum is
seven you have Target Date Retirement Benefit.
|
|
For Bonus Option Contracts, bonus amounts are not included in the parts of the Target Value based on Purchase
Payments.
|
|
TABLE 1: Investment Option Groups
|
|
|
Group A(1)
|
|
|
AZL MVP Growth Index Strategy Fund*
|
Davis VA Financial Portfolio*
|
|
AZL Small Cap Stock Index Fund
|
PIMCO CommodityRealReturn® Strategy Portfolio
|
|
Group B
|
|
|
AZL International Index Fund
|
AZL S&P 500 Index Fund
|
|
AZL Mid Cap Index Fund
|
AZL T. Rowe Price Capital Appreciation Fund
|
|
AZL Russell 1000 Growth Index Fund
|
PIMCO StocksPLUS® Global Portfolio
|
|
AZL Russell 1000 Value Index Fund
|
AZL MSCI Global Equity Index Fund
|
|
Group X
|
Group Y
|
|
AZL DFA Multi-Strategy Fund
|
AZL Balanced Index Strategy Fund
|
|
AZL Fidelity Institutional Asset Management® Multi-Strategy Fund
|
AZL Enhanced Bond Index Fund
|
|
AZL Moderate Index Strategy Fund
|
AZL Fidelity Institutional Asset Management® Total Bond Fund
|
|
AZL MVP DFA Multi-Strategy Fund
|
AZL Government Money Market Fund
|
|
PIMCO Balanced Allocation Portfolio
|
AZL MVP Balanced Index Strategy Fund
|
|
|
AZL MVP Fidelity Institutional Asset Management® Multi-Strategy
Fund
|
|
|
Franklin U.S. Government Securities VIP Fund*
|
|
|
PIMCO Emerging Markets Bond Portfolio *
|
|
|
PIMCO Global Core Bond (Hedged) Portfolio
|
|
|
PIMCO High Yield Portfolio*
|
|
|
PIMCO Long-Term U.S. Government Portfolio
|
|
|
PIMCO Real Return Portfolio*
|
|
|
PIMCO Total Return Portfolio
|
|
|
Templeton Global Bond VIP Fund*
|
|
TABLE 2: Maximum Contract Value Allowed in Groups A and B/X
|
|||||||||||||||||
|
Number of
Rider
Years* to
the Initial
Target
Value Date
|
CV =
94%+
of TV
|
CV =
88%
to ˂
94%
of TV
|
CV =
82%
to ˂
88%
of TV
|
CV =
76%
to ˂
82%
of TV
|
CV =
70%
to ˂
76%
of TV
|
CV =
64%
to ˂
70%
of TV
|
CV =
58%
to ˂
64%
of TV
|
CV =
52%
to ˂
58%
of TV
|
CV =
46%
to ˂
52%
of TV
|
CV =
40%
to ˂
46%
of TV
|
CV =
34%
to ˂
40%
of TV
|
CV =
28%
to ˂
34%
of TV
|
CV =
22%
to ˂
28%
of TV
|
CV =
16%
to ˂
22%
of TV
|
CV =
10%
to ˂
16%
of TV
|
CV =
4%
to ˂
10%
of TV
|
CV ˂
4%
of TV
|
|
28+
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
|
27
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
|
26
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
|
25
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
|
24
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
|
23
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
|
22
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
|
21
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
|
20
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
|
19
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
|
18
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
|
17
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
|
16
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
|
15
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
|
14
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
|
13
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
|
12
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
11
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
10
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
9
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
8
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
7
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
6
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
5
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
4
|
55%
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
3
|
50%
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
2
|
45%
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
1
|
40%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
Initial Target
Value Date
and beyond
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
35%
|
|
When the maximum %
of Contract Value
allowed in the combined
Groups A, B and X is…
|
then the maximum %
of Contract Value
allowed in
Group A is…
|
and the minimum %
of Contract Value
required in
Group Y is…
|
|
95%
|
30%
|
5%
|
|
90%
|
30%
|
10%
|
|
85%
|
25%
|
15%
|
|
80%
|
25%
|
20%
|
|
75%
|
20%
|
25%
|
|
70%
|
20%
|
30%
|
|
65%
|
15%
|
35%
|
|
60%
|
15%
|
40%
|
|
55%
|
10%
|
45%
|
|
50%
|
10%
|
50%
|
|
45%
|
5%
|
55%
|
|
40%
|
5%
|
60%
|
|
35%
|
5%
|
65%
|
|
a
|
=
|
The new required group allocation for the current Quarterly Anniversary.
|
|
b
|
=
|
The required allocation for each Investment Option at the end of the prior Business Day.
|
|
c
|
=
|
The required group allocation at the end of the prior Business Day.
|
|
|
|
• In any twelve-month period, we cannot reduce the maximum allowed Contract Value allocation in Group A by more
than 10%, and in combined Groups A, B and X by more than 15%.
|
|
• Unless the maximum allowed allocation for combined Groups A, B, and X changes, the maximum allowed allocation
for Group A and the minimum required allocation for Group Y do not
change.
|
|
• We may move all of your Contract Value out of one or more of your selected Investment Options. However, we send
you a transaction confirmation each time we move Contract Value between
Investment Options.
|
|
• Unless you reset the initial Target Value Date, the maximum allowed in Group A, and in combined Groups A, B and
X never increases.
|
|
• If you allocate less than the maximum allowed to combined Groups A, B and X, you may be subject to fewer
Investment Option reallocations.
|
|
Income Focus (07.12) Initial Income Value Percentage Table
|
|||
|
Age of the Covered Person on
the Rider Effective Date for
single Income Focus Payments
|
Initial Income Value
Percentage
|
Age of the younger Covered
Person on the Rider Effective
Date for joint Income Focus
Payments
|
Initial Income Value
Percentage
|
|
45 – 64
|
3.25%
|
45 – 64
|
2.75%
|
|
65 – 79
|
3.75%
|
65 – 79
|
3.25%
|
|
80+
|
4.75%
|
80+
|
4.25%
|
|
Income Focus (05.12) Initial Income Value Percentage Table
|
|||
|
Age of the Covered Person on
the Rider Effective Date for
single Income Focus Payments
|
Initial Income Value
Percentage
|
Age of the younger Covered
Person on the Rider Effective
Date for joint Income Focus
Payments
|
Initial Income Value
Percentage
|
|
45 – 64
|
3.75%
|
45 – 64
|
3.25%
|
|
65 – 79
|
4.25%
|
65 – 79
|
3.75%
|
|
80+
|
5.25%
|
80+
|
4.75%
|
|
FOR BONUS OPTION CONTRACTS: Bonus amounts are not included in the parts of Income Values or Total
Income Value based on Purchase Payments.
|
|
|
|
• Performance Increases are not available once the older Covered Person reaches age 91.
|
|
• After the Benefit Date Performance Increases are only available while your Contract Value is positive and if
you took your annual maximum Income Focus Payment
during the last Benefit Year.
|
|
• If we increased the Contract Value to equal the death benefit due to a spousal continuation of the Contract during the
last Rider Year or Benefit Year, we also subtract the amount of this
increase from the Contract Value on the next
Rider Anniversary or Benefit Anniversary when determining Performance
Increases.
|
|
• For Qualified Contracts, if we calculate a required minimum distribution
(RMD) based on this Contract, after
making all Income Focus Payments for the calendar year, we determine
whether this calendar year’s total RMD has
been satisfied by these payments and any Excess Withdrawals. If the RMD
amount for this Contract has not been
satisfied, we send you this remaining amount as one RMD payment by the
end of the calendar year. We consider this
payment to be a withdrawal, but it is not an Excess Withdrawal and it is
not subject to a withdrawal charge.
|
|
• For required annuitization, if on the Income Date you are receiving
Income Focus Payments, we guarantee to pay
you the greater of your maximum Income Focus Payment or fixed Annuity
Payments based on the Contract Value
under Annuity Option 1 or Annuity Option 3. If you select any other
Annuity Option, or if you choose to take
variable Annuity Payments, this guarantee does not apply. For more
information, see section 13, The Annuity Phase.
|
|
• An assignment or change of ownership does not change the Covered Person(s). After an assignment or change of
ownership, if a Covered Person who was previously an Owner or Annuitant
no longer has that position, Income
Focus ends on the earlier of the date of death of an individual Owner
(or Annuitant if the Owner is a non individual),
or last surviving Covered Person. Upon the death of an individual Owner
(or Annuitant if the Owner is a non
individual), if the deceased’s spouse is a sole Beneficiary and
continues the Contract, Income Focus ends on the
earlier of the date of death of the surviving spouse or last surviving
Covered Person. If a surviving spouse instead
elects to receive payment of the death benefit, Income Focus ends on the
Business Day we receive his or her Valid
Claim. This means that Income Focus Payments may end even if a Covered Person is still alive.
|
|
Investment Protector (Version Identifier)
|
Contract
Version
|
Available Dates
|
Rider Charge
(as a percentage of the Target Value)
|
||
|
Maximum
|
Minimum
|
Current
|
|||
|
(07.13 through 10.16)
|
A(1) and B
|
7/22/2013 – 10/16/2016
|
2.50%
|
0.35%
|
1.30%
|
|
(01.12, 07.12)
|
A(1) and B
|
4/30/2012 - 7/19/2013
|
2.50%
|
0.35%
|
1.20%
|
|
(01.12)
|
A and B
|
1/23/2012 – 4/27/2012
|
2.50%
|
0.35%
|
1.20%
|
|
(05.10)
|
A and B
|
5/3/2010 – 1/20/2012
|
2.50%
|
0.35%
|
1.15%
|
|
(08.09)
|
A
|
7/22/2009 – 4/30/2010
|
2.50%
|
0.35%
|
1.05%
|
|
Investment Protector
(Version Identifier)
|
Available Dates
|
Earliest Anniversary
used to determine
the initial
Target Value Date
|
Future Anniversary
used to determine
subsequent
Target Value Dates
|
Guarantee
Percentage used to
calculate the
Target Value
|
|
(07.13 through 10.16)
|
7/22/2013 –
10/16/2016
|
Tenth Rider
Anniversary
|
Fifth Rider
Anniversary
|
80%
|
|
(05.10 through 07.12)
|
5/3/2010 – 7/19/2013
|
Tenth Rider
Anniversary
|
Fifth Rider
Anniversary
|
100%
|
|
(08.09)
|
7/22/2009 – 4/30/2010
|
Tenth Rider
Anniversary
|
Fifth Rider
Anniversary
|
95%
|
|
For Bonus Option Contracts, the bonus is not included in the parts of the Target Value based on Purchase Payments.
|
|
TABLE 1: Available Investment Option Groups
|
|
|
Equity Group
|
|
|
AZL Balanced Index Strategy Fund
AZL DFA Multi-Strategy Fund
AZL Fidelity Institutional Asset Management® Multi-Strategy Fund
AZL International Index Fund
AZL Mid Cap Index Fund
AZL Moderate Index Strategy Fund
AZL MSCI Global Equity Index Fund
AZL MVP Balanced Index Strategy Fund
|
AZL MVP Growth Index Strategy Fund
AZL Russell 1000 Growth Index Fund
AZL Russell 1000 Value Index Fund
AZL S&P 500 Index Fund
AZL T. Rowe Price Capital Appreciation Fund
PIMCO Balanced Allocation Portfolio
PIMCO StocksPLUS® Global Portfolio
|
|
Fixed Income Group
|
|
|
AZL Enhanced Bond Index Fund
AZL Fidelity Institutional Asset Management® Total Bond Fund
AZL Government Money Market Fund
Franklin U.S. Government Securities VIP Fund*
LVIP JPMorgan Core Bond Fund
MFS Total Return Bond Portfolio
|
PIMCO Global Core Bond (Hedged) Portfolio
PIMCO High Yield Portfolio*
PIMCO Long-Term U.S. Government Portfolio
PIMCO Real Return Portfolio*
PIMCO Total Return Portfolio
Templeton Global Bond VIP Fund*
|
|
TABLE 2: Maximum Contract Value Allowed in the Equity Group
|
|||||||||||||||||
|
Number of
Rider
Years* to
the Initial
Target
Value Date
|
CV =
94%+
of TV
|
CV =
88%
to ˂
94%
of TV
|
CV =
82%
to ˂
88%
of TV
|
CV =
76%
to ˂
82%
of TV
|
CV =
70%
to ˂
76%
of TV
|
CV =
64%
to ˂
70%
of TV
|
CV =
58%
to ˂
64%
of TV
|
CV =
52%
to ˂
58%
of TV
|
CV =
46%
to ˂
52%
of TV
|
CV =
40%
to ˂
46%
of TV
|
CV =
34%
to ˂
40%
of TV
|
CV =
28%
to ˂
34%
of TV
|
CV =
22%
to ˂
28%
of TV
|
CV =
16%
to ˂
22%
of TV
|
CV =
10%
to ˂
16%
of TV
|
CV =
4%
to ˂
10%
of TV
|
CV ˂
4%
of TV
|
|
33+
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
|
32
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
|
31
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
|
30
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
|
29
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
|
28
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
|
27
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
|
26
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
|
25
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
|
24
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
|
23
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
|
22
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
|
21
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
|
20
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
|
19
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
|
18
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
|
17
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
|
16
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
|
15
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
|
14
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
|
13
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
|
12
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
11
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
10
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
9
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
8
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
7
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
6
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
5
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
4
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
3
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
2
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
1
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
Initial Target
Value Date
and beyond
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
a
|
=
|
The new required group allocation on the current Quarterly Anniversary.
|
|
b
|
=
|
The required allocation for each Investment Option at the end of the prior Business Day.
|
|
c
|
=
|
The required group allocation at the end of the prior Business Day.
|
|
|
|
• For Bonus Option Contracts, we rebalance the Bonus Value using the same percentages we use to rebalance your
Contract Value.
|
|
• In any twelve-month period, we cannot reduce the maximum allowed Contract Value allocation in the Equity group
by more than 15%.
|
|
• Unless the maximum allowed allocation for the Equity group changes, the minimum required allocation for the Fixed
Income group does not change.
|
|
• We may move all of your Contract Value out of one or more of your selected Investment Options. However, we send
you a transaction confirmation each time we move Contract Value between
Investment Options.
|
|
• Unless you reset the initial Target Value Date, the maximum allowed in the Equity group never increases.
|
|
• The maximum allowed allocation to the Equity group reduces with negative Investment Option performance and as
the time until the initial Target Value Date decreases. If you allocate
less than the maximum allowed to the Equity
group, you may be subject to fewer Investment Option reallocations
resulting from negative Investment Option
performance.
|
|
TABLE 1:
Available Investment Option Groups
|
|
|
Group A
|
|
|
AZL MVP Growth Index Strategy Fund
AZL Small Cap Stock Index Fund
|
Davis VA Financial Portfolio*
PIMCO CommodityRealReturn® Strategy Portfolio
|
|
Group B/X
|
|
|
AZL Balanced Index Strategy Fund
AZL DFA Multi-Strategy Fund
AZL Fidelity Institutional Asset Management® Multi-Strategy Fund
AZL International Index Fund
AZL Mid Cap Index Fund
AZL Moderate Index Strategy Fund
AZL MSCI Global Equity Index Fund
AZL MVP Balanced Index Strategy Fund
|
AZL Russell 1000 Growth Index Fund
AZL Russell 1000 Value Index Fund
AZL S&P 500 Index Fund
AZL T. Rowe Price Capital Appreciation Fund
PIMCO Balanced Allocation Portfolio
PIMCO StocksPLUS® Global Portfolio
|
|
Group Y
|
|
|
AZL Enhanced Bond Index Fund
AZL Fidelity Institutional Asset Management® Total Bond Fund
AZL Government Money Market Fund
Franklin U.S. Government Securities VIP Fund
LVIP JPMorgan Core Bond Fund
MFS Total Return Bond Portfolio
PIMCO Emerging Markets Bond Portfolio*
|
PIMCO Global Core Bond (Hedged) Portfolio
PIMCO High Yield Portfolio*
PIMCO Long-Term U.S. Government Portfolio
PIMCO Real Return Portfolio*
PIMCO Total Return Portfolio
Templeton Global Bond VIP Fund*
|
|
TABLE 2: Maximum Contract Value Allowed in Groups A and B/X
|
|||||||||||||||||
|
Number of Rider
Years* to
the Initial
Target
Value Date
|
CV =
94%
+
of TV
|
CV =
88%
to ˂
94%
of TV
|
CV =
82%
to ˂
88%
of TV
|
CV =
76%
to ˂
82%
of TV
|
CV =
70%
to ˂
76%
of TV
|
CV =
64%
to ˂
70%
of TV
|
CV =
58%
to ˂
64%
of TV
|
CV =
52%
to ˂
58%
of TV
|
CV =
46%
to ˂
52%
of TV
|
CV =
40%
to ˂
46%
of TV
|
CV =
34%
to ˂
40%
of TV
|
CV =
28%
to ˂
34%
of TV
|
CV =
22%
to ˂
28%
of TV
|
CV =
16%
to ˂
22%
of TV
|
CV =
10%
to ˂
16%
of TV
|
CV =
4%
to ˂
10%
of TV
|
CV ˂
4%
of TV
|
|
33+
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
|
32
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
|
31
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
|
30
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
|
29
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
|
28
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
|
27
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
|
26
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
|
25
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
|
24
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
|
23
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
|
22
|
95%
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
|
21
|
95%
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
|
20
|
95%
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
|
19
|
95%
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
|
18
|
95%
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
|
17
|
95%
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
|
16
|
90%
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
|
15
|
85%
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
|
14
|
80%
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
|
13
|
75%
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
|
12
|
70%
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
11
|
65%
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
10
|
60%
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
9
|
55%
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
8
|
50%
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
7
|
45%
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
6
|
40%
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
5
|
35%
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
4
|
30%
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
3
|
25%
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
2
|
20%
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
1
|
15%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
Initial Target
Value Date
and beyond
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
10%
|
|
TABLE 3: Maximum Contract Value Allowed in Group A and Minimum Contract
Value Required in Group Y
|
||
|
When the maximum % of Contract Value
allowed in Groups A and B/X is…
|
then the maximum % of
Contract Value allowed
in Group A is…
|
and the minimum % of Contract Value required
in Group Y is…
|
|
95%
|
30%
|
5%
|
|
90%
|
30%
|
10%
|
|
85%
|
25%
|
15%
|
|
80%
|
25%
|
20%
|
|
75%
|
20%
|
25%
|
|
70%
|
20%
|
30%
|
|
65%
|
15%
|
35%
|
|
60%
|
15%
|
40%
|
|
55%
|
10%
|
45%
|
|
50%
|
10%
|
50%
|
|
45%
|
5%
|
55%
|
|
40%
|
5%
|
60%
|
|
35%
|
5%
|
65%
|
|
30%
|
5%
|
70%
|
|
25%
|
5%
|
75%
|
|
20%
|
5%
|
80%
|
|
15%
|
5%
|
85%
|
|
10%
|
5%
|
90%
|
|
|
|
• For Bonus Option Contracts, we rebalance the Bonus Value using the same percentages we use to rebalance your
Contract Value.
|
|
• In any twelve-month period, we cannot reduce the maximum allowed Contract Value allocation in Group A by more
than 10%, and in combined Groups A and B/X by more than 15%.
|
|
• Unless the maximum allowed allocation for combined Groups A and B/X changes, the maximum allowed allocation
for Group A and the minimum required allocation for Group Y do not
change.
|
|
• We may move all of your Contract Value out of one or more of your selected Investment Options. However, we send
you a transaction confirmation each time we move Contract Value between
Investment Options.
|
|
• Unless you reset the initial Target Value Date, the maximum allowed in Group A, and in combined Groups A and
B/X never increases.
|
|
• If you allocate less than the maximum allowed to combined Groups A and B/X, you may be subject to fewer
Investment Option reallocations.
|
|
CLOSED INVESTMENT OPTIONS
|
|
|
DAVIS
Davis VA Financial Portfolio
FRANKLIN TEMPLETON
Franklin U.S. Government Securities VIP Fund
|
PIMCO
PIMCO Emerging Markets Bond Portfolio
PIMCO High Yield Portfolio
PIMCO Real Return Portfolio
Templeton Global Bond VIP Fund
|
|
To send a check for an additional Purchase Payment,
or for general customer service, please mail to the appropriate address as follows:
|
|
REGULAR MAIL
|
|
|
|
OVERNIGHT, CERTIFIED, OR REGISTERED MAIL
|
|
Checks sent to the wrong address for additional
Purchase Payments are forwarded to the 5701 Golden Hills Drive
address listed above, which may delay processing.
|
|
Firm Name
|
|
LPL Financial
|
|
MML Investors Services, Inc
|
|
Royal Alliance
|
|
Wells Fargo Advisors LLC – Wealth (ISG)
|
|
Wells Fargo Advisors LLC (PCG)
|
|
(A)
|
=
|
annuity unit value of the subaccount for that given Investment Option when due proof of
the Annuitant’s death is
received at our Service Center.
|
|
(B)
|
=
|
The amount applied to variable Annuity Payments on the Income Date.
|
|
(C)
|
=
|
Allocation percentage in a given subaccount (in decimal form) when due proof of the
Annuitant’s death is received
at our Service Center.
|
|
(D)
|
=
|
The number of annuity units used in determining each variable Annuity Payment attributable
to that given
subaccount when due proof of the Annuitant’s death is received at our Service Center.
|
|
(E)
|
=
|
Dollar value of first variable Annuity Payment.
|
|
(F)
|
=
|
Number of variable Annuity Payments made since the Income Date.
|
|
(a)
|
Resolution of Board of Directors of the Company authorizing the establishment of the
Separate Account, dated February 26, 1988 incorporated by reference as exhibit EX-99.B1 from Registrant’s N-4 filing (File Nos. 333-19699 and 811-05716) electronically filed on January 13, 1997.
|
||||||||
|
(b)
|
Not Applicable
|
||||||||
|
(c)
|
1.
|
Principal Underwriter Agreement by and between Preferred Life Insurance Company of New
York on behalf of Preferred Life Variable Account C and NALAC Financial Plans, Inc. incorporated by reference as exhibit EX-99.B3.a. from Registrant’s Pre-Effective Amendment No. 1 to Form N-4 (File Nos. 333-19699 and 811-05716) electronically
filed on May 12, 1997.
Preferred Life Insurance Company of New York is the predecessor to Allianz Life Insurance Company of New York. Preferred Life Variable Account C is the predecessor to
Allianz Life of NY Variable Account C. NALAC Financial Plans, Inc., is the predecessor to USAllianz Investor Services, LLC, which is the predecessor to Allianz Life Financial Services, LLC.
|
|||||||
|
2.
|
Broker-Dealer Agreement (amended and restated) between Allianz Life
Insurance Company of New York and Allianz Life Financial Services, LLC, dated June 1, 2010 incorporated by reference as exhibit EX-99.B3.b. from Registrant’s Post Effective Amendment No. 21 to Form N-4 (File Nos. 333-143195 and 811-05716)
electronically filed on October 21, 2010.
|
||||||||
|
3.*
|
The current specimen of the selling agreement between Allianz Life
Financial Services, LLC, the principal underwriter for the Contracts, and retail brokers which offer and sell the Contracts to the public is filed herewith.
|
||||||||
|
(d)
|
1.
|
Individual Variable Annuity "Base" Contract-L40529-NY01 incorporated by reference
as exhibit EX-99.B4.a. from Registrant’s Pre Effective Amendment No. 1 to Form N-4 (File Nos. 333-143195 and 811-05716) electronically filed on August 17, 2007.
|
|||||||
|
2.
|
Individual Variable Annuity "Bonus" Contract-L40530-NY01 incorporated by
reference as exhibit EX-99.B4.b. from Registrant’s Pre Effective Amendment No. 1 to Form N-4 (File Nos. 333-143195 and 811-05716) electronically filed on August 17, 2007.
|
||||||||
|
3.
|
Schedule Pages-S40778-02-NY to S40805-DP-NY incorporated by reference as exhibit
EX-99.B4.e. from Registrant’s Post Effective Amendment No. 16 to Form N-4 (File Nos. 333-143195 and 811-05716) electronically filed on April 23, 2010.
|
||||||||
|
4.
|
Schedule Page-S20325 MAV DB incorporated by reference as exhibit
EX-99.B4.f. from Registrant’s Post Effective Amendment No. 20 to Form N-4 (File Nos. 333-143195 and 811-05716) electronically filed on August 26, 2010.
|
||||||||
|
5.
|
Schedule Pages-S40841-NY, S40842-NY & S40843-NY for Income Focus (01.12)
incorporated by reference as exhibit EX-99.B4.e. from Registrant’s Post Effective Amendment No. 4 to Form N-4 (File Nos. 333-171428 and 811-05716) electronically filed on December 20, 2011.
|
||||||||
|
6.
|
Asset Allocation Rider-S40741-NY incorporated by reference as exhibit EX-99.B4.d.
from Registrant’s Pre Effective Amendment No. 1 to Form N-4 (File Nos. 333-143195 and 811-05716) electronically filed on August 17, 2007.
|
||||||||
|
7.
|
Asset Allocation Rider-S40741-02-NY and S40766-02-NY incorporated by reference as
exhibit EX-99.B4.g. from Registrant’s Post Effective Amendment No. 16 to Form N-4 (File Nos. 333-143195 and 811-05716) electronically filed on April 23, 2010.
|
||||||||
|
8.
|
Asset Allocation Rider- S40766-03-NY and Investment Options-S40789-03-NY for Investment Protector incorporated by reference as exhibit EX-99.B4.h. from
Registrant’s Post Effective Amendment No. 10 to Form N-4 (File Nos. 333-171428 and 811-05716) electronically filed on June 7, 2012.
|
||||||||
|
9.
|
Income Protector (08.09) Rider-S40799-NY incorporated by reference as exhibit
EX-99.B4.m. from Registrant’s Post Effective Amendment No. 16 to Form N-4 (File Nos. 333-143195 and 811-05716) electronically filed on April 23, 2010.
|
||||||||
|
10.
|
Investment Protector (08.09) Rider-S40801-NY incorporated by reference as exhibit
EX-99.B4.n. from Registrant’s Post Effective Amendment No. 16 to Form N-4 (File Nos. 333-143195 and 811-05716) electronically filed on April 23, 2010.
|
||||||||
|
11.
|
Income Focus Rider-S40840-NY incorporated by reference as exhibit EX-99.B4.j.
from Registrant’s Post Effective Amendment No. 4 to Form N-4 (File Nos. 333-171428 and 811-05716) electronically filed on December 20, 2011.
|
||||||||
|
12.
|
Maximum Anniversary Death Benefit Rider-S20326-NY incorporated by
reference as exhibit EX-99.B4.r. from Registrant’s Post Effective Amendment No. 20 to Form N-4 (File Nos. 333-143195 and 811-05716) electronically filed on August 26, 2010.
|
||||||||
|
13.
|
Inherited IRA/Roth IRA Endorsement - S40714-NY incorporated by reference as
exhibit EX-99.B4.j. from Registrant’s Post Effective Amendment No. 23 to Form N-4 (File Nos.333-19699 and 811-05716) electronically filed on April 27, 2005.
|
||||||||
|
14.
|
Roth IRA Endorsement - P20041 incorporated by reference as exhibit EX-99.B4.k.
from Registrant’s Pre Effective Amendment No. 1 to Form N-4 (File Nos. 333-124767 and 811-05716) electronically filed on November 20, 2006.
|
||||||||
|
15.
|
IRA Endorsement - P30012-NY incorporated by reference as exhibit EX-99.B4.i. from
Registrant’s Pre Effective Amendment No. 1 to Form N-4 (File Nos. 333-124767 and 811-05716) electronically filed on November 20, 2006.
|
||||||||
|
16.
|
Unisex Endorsement(S20146) incorporated by reference as exhibit EX-99.B4.l. from
Registrant’s Pre Effective Amendment No. 1 to Form N-4 (File Nos. 333-124767 and 811-05716) electronically filed on November 20, 2006.
|
||||||||
|
17.
|
403(b) Endorsement - P30014 incorporated by reference as exhibit EX-99.B4.j. from
Registrant’s Pre Effective Amendment No. 1 to Form N-4 (File Nos. 333-124767 and 811-05716) electronically filed on November 20, 2006.
|
||||||||
|
18.
|
Waiver of Withdrawal Charge rider-S40749-NY, incorporated by reference as exhibit
EX‑99.B4.e. from Registrant's initial filing on Form N-4 (File Nos. 333-213128 and 811-05716), electronically filed on August 15, 2016.
|
||||||||
|
(e)
|
1.
|
Application for Ind. Var. Annuity Contract-F60000-NY incorporated by
reference as exhibit EX-99.B5.a. from Registrant’s initial filing on Form N-4 (File Nos. 333-171428 and 811-05716) electronically filed on December 27, 2010.
|
|||||||
|
2.
|
Application for Ind. Var. Annuity Contract- F70034-NY01 incorporated by reference as exhibit EX-99.B5.b. from Registrant’s Post Effective Amendment No. 4 to Form N-4 (File Nos.
333-171428 and 811-05716) electronically filed on December 20, 2011.
|
||||||||
|
(f)
|
1.
|
The Restated Articles of Incorporation of the Company (as amended March
17, 2011) incorporated by reference as exhibit EX-99.B6.(i). from Registrant’s N-4 filing (File Nos. 333-192949 and 811-05716) electronically filed on December 19, 2013.
|
|||||||
|
2.
|
The Restated Bylaws of the Company (effective March 9, 2011) incorporated
by reference as exhibit EX-99.B6.(iii). from Registrant’s N-4 filing (File Nos. 333-192949 and 811-05716) electronically filed on December 19, 2013.
|
||||||||
|
(g)
|
Not Applicable
|
||||||||
|
(h)
|
1.
|
Participation Agreement between BlackRock
Series Fund, Inc., BlackRock Distributors, Inc., Allianz Life Insurance Co. of New York, and Allianz Life Financial Services, LLC, dated 5/1/2008 incorporated by reference as exhibit EX-99.B8.c. from Registrant’s Post Effective Amendment No. 9
to Form N-4 (File Nos. 333-143195 and 811-05716) electronically filed on April 3, 2009.
|
|||||||
|
2.
|
Participation Agreement between Davis
Variable Account Fund, Inc., Davis Distributors, LLC and Preferred Life Insurance Company of New York, dated 11/1/1999 incorporated by reference as exhibit EX-99.B8.e. from Registrant’s Post-Effective Amendment No. 8 to Form N-4 (File
Nos.333-19699 and 811-05716) electronically filed on April 28, 2000.
|
||||||||
|
3.
|
-
|
Amendment to Participation Agreement between Davis Variable Account Fund, Inc.,
Davis Distributors, LLC and Allianz Life Insurance Company of New York, dated 5/1/2008 incorporated by reference as exhibit EX-99.B8.f. from Registrant’s Post Effective Amendment No. 9 to Form N-4 (File Nos. 333-143195 and 811-05716)
electronically filed on April 3, 2009.
|
|||||||
|
4.
|
-
|
Amendment to Participation Agreement pursuant to the requirements of Rule 498
for Summary Prospectus between Davis Variable Account Fund, Inc., Davis Distributors, LLC and Allianz Life Insurance Company of New York, dated 9/1/2015 incorporated by reference as exhibit EX-99.B8.f. from Registrant’s Post Effective Amendment
No. 13 to Form N-4 (File Nos. 333-182990 and 811-05716) electronically filed on November 9, 2015.
|
|||||||
|
5.
|
Participation Agreement & Amendment between Fidelity Distributors Corporation and Allianz Life Insurance Company of New York, dated 09/29/10 incorporated by reference as exhibit EX-99.B8.q. from Registrant’s Post Effective Amendment No. 23 to Form N-4
(File Nos. 333-143195 and 811-05716) electronically filed on December 22, 2010.
|
||||||||
|
6.
|
-
|
Amendment to Participation Agreement pursuant to the requirements of Rule
498 for Summary Prospectus between Fidelity Distributors Corporation and Allianz Life Insurance Company of New York, dated 9-1-2015, incorporated by reference as exhibit EX-99.B8.h. from Registrant’s Post Effective Amendment No. 13 to Form N-4
(File Nos. 333-182990 and 811-05716) electronically filed on November 9, 2015.
|
|||||||
|
7.
|
Participation Agreement between Franklin
Templeton Variable Insurance Products Trust, Franklin/Templeton Distributors, Inc., Allianz Life Insurance Company of New York and USAllianz Investor Services, LLC (the predecessor to Allianz Life Financial Services, LLC.), and dated 10/1/2003
incorporated by reference as exhibit EX-99.B8.n. from Registrant’s Post Effective Amendment No. 15 to Form N-4 (File Nos.333-19699 and 811-05716) electronically filed on April 27, 2005.
|
||||||||
|
8.
|
-
|
Amendment to Participation Agreement between Franklin Templeton Variable
Insurance Products Trust, Franklin/Templeton Distributors, Inc., Allianz Life Insurance Company of New York and USAllianz Investor Services, LLC (the predecessor to Allianz Life Financial Services, LLC.), dated 5/1/2008 incorporated by
reference as exhibit EX-99.B8.j. from Registrant’s Post Effective Amendment No. 9 to Form N-4 (File Nos. 333-143195 and 811-05716) electronically filed on April 3, 2009.
|
|||||||
|
9.
|
-
|
Amendment to Participation Agreement between Franklin Templeton Variable
Insurance Products Trust, Franklin/Templeton Distributors, Inc., Allianz Life Insurance Company of New York and Allianz Life Financial Services, LLC., dated January 16, 2014, incorporated by reference as exhibit EX-99.B8.l. from Registrant’s
Post Effective Amendment No. 10 to Form N-4 (File Nos. 333-182990 and 811-05716) electronically filed on April 28, 2014.
|
|||||||
|
10.
|
-
|
Amendment to Participation Agreement pursuant to the requirements of Rule
498 for Summary Prospectus between Franklin Templeton Variable Insurance Products Trust, Franklin/Templeton Distributors, Inc., Allianz Life Insurance Company of New York and Allianz Life Financial Services, LLC., dated 9-1-2015, incorporated
by reference as exhibit EX-99.B8.l. from Registrant’s Post Effective Amendment No. 13 to Form N-4 (File Nos. 333-182990 and 811-05716) electronically filed on November 9, 2015.
|
|||||||
|
11.
|
Participation Agreement between Allianz Life Insurance Company of New York, JPMorgan Insurance Trust, JPMorgan Investment Advisers Inc., JPMorgan Investment Management Inc., and JPMorgan Funds Management Inc., dated April 24, 2009 incorporated by reference as exhibit EX-99.B8.t. from
Pre-Effective Amendment No. 1 to Registrant’s Form N-4 (File Nos. 333-180722 and 811-05716) electronically filed on July 27, 2012.
|
||||||||
|
12.
|
-
|
Amendment to Participation Agreement between Allianz Life Insurance Company of New
York, JPMorgan Insurance Trust, JPMorgan Investment Advisers Inc., JPMorgan Investment Management Inc., and JPMorgan Funds Management Inc., dated July 1, 2012 incorporated by reference as exhibit EX-99.B8.y. from Post-Effective Amendment No. 4
to Registrant’s Form N-4 (File Nos. 333-167334 and 811-05716) electronically filed on April 24, 2013.
|
|||||||
|
13.
|
-
|
Amendment to Participation Agreement pursuant to the requirements of Rule
498 for Summary Prospectus between Allianz Life Insurance Company of New York, JPMorgan Insurance Trust, JPMorgan Investment Management Inc., and JPMorgan Funds Management Inc., dated 9-1-2015, incorporated by reference as exhibit EX-99.B8.o.
from Registrant’s Post Effective Amendment No. 13 to Form N-4 (File Nos. 333-182990 and 811-05716) electronically filed on November 9, 2015.
|
|||||||
|
14.
|
Participation Agreement between Allianz Life Insurance Company of New York, MFS Variable Insurance Trust, MFS Variable Insurance Trust II and MFS Fund Distributors, Inc., dated August 1, 2012 incorporated by reference as exhibit EX-99.B8.ae. from Post-Effective Amendment No. 4 to
Registrant’s Form N-4 (File Nos. 333-167334 and 811-05716) electronically filed on April 24, 2013.
|
||||||||
|
15.
|
-
|
Fund/SERV and Networking Supplement to Participation Agreement between Allianz
Life Insurance Company of New York, MFS Variable Insurance Trust, MFS Variable Insurance Trust II and MFS Fund Distributors, Inc., dated August 1, 2012 incorporated by reference as exhibit EX-99.B8.af. from Post-Effective Amendment No. 4 to
Registrant’s Form N-4 (File Nos. 333-167334 and 811-05716) electronically filed on April 24, 2013.
|
|||||||
|
16.
|
-
|
Amendment to Participation Agreement pursuant to the requirements of Rule 498
for Summary Prospectus between Allianz Life Insurance Company of New York, MFS Variable Insurance Trust, MFS Variable Insurance Trust II and MFS Fund Distributors, Inc., dated dated 9-1-2015, incorporated by reference as exhibit EX-99.B8.r.
from Registrant’s Post Effective Amendment No. 13 to Form N-4 (File Nos. 333-182990 and 811-05716) electronically filed on November 9, 2015.
|
|||||||
|
17.
|
Participation Agreement between Preferred Life Insurance Company of
New York, PIMCO Variable Insurance Trust, and PIMCO Funds Distributors LLC, dated 12/1/1999 incorporated by reference as exhibit EX-99.B8.i. from Registrant’s Post-Effective Amendment No. 8 to Form N-4
(File Nos.333-19699 and 811-05716) electronically filed on April 28, 2000.
|
||||||||
|
18.
|
-
|
Amendments to Participation Agreement between Allianz Life Insurance Company of
New York (formerly Preferred Life Insurance Company of New York), PIMCO Variable Insurance Trust, and Allianz Global Investors Distributors LLC (formerly PIMCO Funds Distributors LLC), dated 4/1/00, 5/1/02, 5/1/03, 4/30/04, 4/29/05 incorporated
by reference as exhibit EX-99.B8.w. from Registrant’s Post Effective Amendment No. 26 to Form N-4 (File Nos. 333-19699 and 811-05716) electronically filed on April 23, 2007.
|
|||||||
|
19.
|
-
|
Amendment dated May 1, 2011 to the Participation Agreement dated December 1,
1999, between Allianz Life Insurance Company of New York, PIMCO Variable Insurance Trust, and PIMCO Investments LLC, incorporated by reference as exhibit EX-99.B8.p. from Post-Effective Amendment No. 2 to Registrant's Form N-4 (File Nos.
333-171428 and 811-05716), electronically filed on October 18, 2011.
|
|||||||
|
20.
|
-
|
Amendment dated April 30, 2012 to Participation Agreement between Allianz
Life Insurance Company of New York (formerly Preferred Life Insurance Company of New York), PIMCO Variable Insurance Trust and PIMCO Investments LLC (formerly Allianz Global Investors Distributiors LLC) dated December 1, 1999 incorporated by
reference as exhibit EX-99.B8.q. from Registrant’s Post Effective Amendment No. 8 to Form N-4 (File Nos. 333-171428 and 811-05716) electronically filed on April 6, 2012.
|
|||||||
|
21.
|
-
|
Amendment dated September 17, 2012 to Participation Agreement between
Allianz Life Insurance Company of New York, PIMCO Variable Insurance Trust and PIMCO Investments LLC (formerly Allianz Global Investors Distributiors LLC) dated December 1, 1999 incorporated by reference as exhibit EX-99.B8.w. from
Post-Effective Amendment No. 34 to Registrant’s Form N-4 (File Nos. 333-143195 and 811-05716) electronically filed on February 4, 2013.
|
|||||||
|
22.
|
-
|
Amendment to Participation Agreement pursuant to the requirements of Rule
498 for Summary Prospectus between Allianz Life Insurance Company of New York, PIMCO Equity Series VIT, PIMCO Investments LLC (formerly Allianz Global Investors Distributors LLC, dated October 15, 2015, incorporated by reference as exhibit
EX-99.B8.y. from Registrant’s Post Effective Amendment No. 13 to Form N-4 (File Nos. 333-182990 and 811-05716) electronically filed on November 9, 2015.
|
|||||||
|
23.
|
Investor Services Agreement between Pacific Investment Management Company (PIMCO) and Allianz Life Insurance Company of New York, dated June 23, 2010 incorporated by reference as exhibit EX-99.B8.t. from Registrant’s Post Effective Amendment No. 8 to Form N-4 (File Nos. 333-171428
and 811-05716) electronically filed on April 6, 2012.
|
||||||||
|
24.
|
-
|
Amendment dated 4-30-2012 to Investor Services Agreement between Pacific
Investment Management Company (PIMCO) and Allianz Life Insurance Company of New York, dated June 23, 2010 incorporated by reference as exhibit EX-99.B8.q. from Registrant’s Post Effective Amendment No. 8 to Form N-4 (File Nos. 333-171428 and
811-05716) electronically filed on April 6, 2012.
|
|||||||
|
25.
|
-
|
Amendment dated September 17, 2012 to Investor Services Agreement between
Pacific Investment Management Company (PIMCO) and Allianz Life Insurance Company of New York, dated June 23, 2010 incorporated by reference as exhibit EX-99.B8.x. from Post-Effective Amendment No. 34 to Registrant’s Form N-4 (File Nos.
333-143195 and 811-05716) electronically filed on February 4, 2013.
|
|||||||
|
26.
|
Amended and Restated Participation Agreement dated, November 1, 2015, between Allianz
Variable Insurance Products Trust, Allianz Life Insurance Company of New York, and Allianz Life Financial Services, LLC incorporated by reference as Exhibit (e)(3) from Post-Effective Amendment No. 53, to Registrant’s Form N-1A (File Nos.
333-83423 and 811-9491) filed on February 12, 2016.
|
||||||||
|
27.
|
Amended and Restated Participation Agreement, dated November 1, 2015,
between Allianz Variable Insurance Products Fund of Funds Trust, Allianz Life Insurance Company of New York, and Allianz Life Financial Services, LLC incorporated by reference as Exhibit (e)(3) to Registrant’s Post-Effective Amendment No. 28,
to Registrant’s Form N-1A (File Nos. 333-119867 and 811-21624) filed on April 18, 2016.
|
||||||||
|
(i)
|
1.
|
Adminstrative Services Agreement between BlackRock
Advisors, LLC and Allianz Life, dated 5/1/2008 incorporated by reference as exhibit EX-99.B8.d. from Registrant’s Post Effective Amendment No. 9 to Form N-4 (File Nos. 333-143195 and 811-05716) electronically filed on April 3, 2009.
|
|||||||
|
2.
|
Administrative Services Agreement between Franklin
Templeton Services LLC and Preferred Life Insurance Company of New York, dated 10/1/2003 incorporated by reference as exhibit EX-99.B8.ac. from Registrant’s Post Effective Amendment No. 23 to Form N-4 (File Nos.333-19699 and 811-05716)
electronically filed on April 27, 2005.
|
||||||||
|
3.
|
-
|
Amendment to Administrative Services Agreement between Franklin Templeton
Services, LLC and Allianz Life Insurance Company of New York, dated 8/8/2008 incorporated by reference as exhibit EX-99.B8.h. from Registrant’s Post Effective Amendment No. 9 to Form N-4 (File Nos. 333-143195 and 811-05716) electronically filed
on April 3, 2009.
|
|||||||
|
4.
|
-
|
Amendment to Administrative Services Agreement between Franklin Templeton
Services, LLC and Allianz Life Insurance Company of New York, dated July 16, 2012 incorporated by reference as exhibit EX-99.B8.h. from Registrant's Post Effective Amendment No. 3 to Form N-4 (File Nos. 333-167334 and 811-05716) electronically
filed on August 21, 2012.
|
|||||||
|
5.
|
-
|
Amendment to Administrative Services Agreement between Franklin
Templeton Services LLC and Allianz Life Insurance Company of New York, dated August 16, 2022, incorporated by reference as 27(i)(5) from Post-Effective Amendment No. 24 to Registrant’s Form N-4 (File Nos.333-182990 and 811-05716,
electronically filed April 27, 2023.
|
|||||||
|
6.
|
Administrative Services Agreement between PIMCO
Variable Insurance Trust and Allianz Life Insurance Company of New York dated June 17, 2010 and Amendment dated April 1, 2012 incorporated by reference as exhibit EX-99.B8.v. from Registrant’s Post Effective Amendment No. 10 to Form N-4 (File
Nos. 333-171428 and 811-05716) electronically filed on June 7, 2012.
|
||||||||
|
7.
|
-
|
Amended and Restated Services Agreement between Pacific Investment Management
Company LLC and Allianz Life Insurance Company of New York, dated 01/01/2007 incorporated by reference as exhibit EX-99.B8.u. from Registrant’s Post Effective Amendment No. 26 to Form N-4 (File Nos. 333-19699 and 811-05716) electronically filed
on April 23, 2007.
|
|||||||
|
(i)
|
8.*
|
Service Agreement effective July 1, 2010, between Allianz Life
Insurance Company of North America and Allianz Life Insurance Company of New York is filed herwith.
|
|||||||
|
9.*
|
Amended and Restated Service Agreement for Subcontracted Services
effective January 1, 2023, between Allianz Life Insurance Company of North America and Allianz Life Insurance Company of New York is filed herewith
|
||||||||
|
(j)
|
1.
|
22c-2 Agreements incorporated by reference as exhibit EX-99.B8.a. from
Registrant’s Post Effective Amendment No. 28 to Form N-4 (File Nos. 333-19699 and 811-05716) electronically filed on April 24, 2008.
|
|||||||
|
2.
|
22c-2 Agreement-BlackRock Distributors, Inc. dated 5/1/2008 incorporated by
reference as exhibit EX-99.B8.b. from Registrant’s Post Effective Amendment No. 9 to Form N-4 (File Nos. 333-143195 and 811-05716) electronically filed on April 3, 2009.
|
||||||||
|
3.
|
Service Agreement between Allianz Life Insurance Company of New York, JPMorgan Investment Advisers Inc., and JPMorgan Investment Management Inc., dated April 24, 2009 incorporated by reference as exhibit EX-99.B8.u. from Pre-Effective Amendment No. 1 to Registrant’s Form N-4
(File Nos. 333-180722 and 811-05716) electronically filed on July 27, 2012.
|
||||||||
|
(k)*
|
|||||||||
|
(l)*
|
|||||||||
|
(m)
|
Not Applicable
|
||||||||
|
(n)
|
Not Applicable
|
||||||||
|
(o)
|
Not Applicable
|
||||||||
|
(p)*
|
|||||||||
|
*
|
|||||||||
|
**
|
To be filed by amendment
|
||||||||
|
Unless noted otherwise, all officers and directors have the following principal business address:
|
|
|
5701 Golden Hills Drive
|
|
|
The following are the Officers and Directors of the Company:
|
|
|
Name and Principal Business Address
|
Positions and Offices with Depositor
|
|
Director, Board Chair and Chief Executive Officer
|
|
|
William E. Gaumond
|
Director, Chief Financial Officer and Treasurer
|
|
Walter R. White
|
Director
|
|
Udo Frank
|
Director
|
|
Eric J. Thomes
|
Director and President
|
|
Howard E. Woolley
|
Director
|
|
Karim Akhavan-Hezavei
|
Chief Operating Officer
|
|
Neil H. McKay
|
Chief Actuary
|
|
Gretchen Cepek
|
Chief Legal Officer and Secretary
|
|
Stephen W Koslow
|
Vice President, Chief Ethics and Compliance Officer and Consumer Affairs Officer
|
|
Jean-Roch P.F. Sibille
|
Chief Investment Officer
|
|
Becca Wysocki
|
Vice President, Controller and Assistant Treasurer
|
|
Lorraine Lods
|
Director
|
|
Kevin E. Walker
|
Director
|
|
a.
|
Allianz Life Financial Services, LLC (previously USAllianz Investor Services, LLC) is the principal underwriter for the Contracts. It also is the principal underwriter for:
|
|||||
|
Allianz Life Variable Account A
|
||||||
|
Allianz Life Variable Account B
|
||||||
|
Allianz Funds
|
||||||
|
b.
|
The following are the officers (managers) and directors (Board of Governors) of Allianz Life Financial Services, LLC. All officers and directors have the following principal
business address:
|
|||||
|
5701 Golden Hills Drive
|
||||||
|
Name
|
Positions and Offices with Underwriter
|
|||||
|
Corey J. Walther
|
Governor and President
|
|||||
|
Eric J. Thomes
|
Governor, Chief Executive Officer, and Chief Manager
|
|||||
|
William E. Gaumond
|
Governor
|
|||||
|
Amy K. Borden
|
Chief Financial Officer and Treasurer
|
|||||
|
John C. Helmen
|
Assistant Vice President, Distribution National Accounts
|
|||||
|
Matthew C. Dian
|
Vice President, Chief Compliance Officer
|
|||||
|
Kristine M. Lord-Krahn
|
Chief Legal Officer and Secretary
|
|||||
|
Nicole D. Van Walbeek
|
Assistant Secretary
|
|||||
|
c.
|
For the period 1-1-2023 to 12-31-2023
|
|||||
|
Name of Principal Underwriter
|
Net Underwriting Discounts and Commissions
|
Compensation on Redemption
|
Brokerage Commissions
|
Compensation
|
||
|
Allianz Life Financial Services, LLC
|
$61,230,196.48
|
$0
|
$0
|
$0
|
||
|
The $61,230,196.48 that Allianz Life Financial Services, LLC received from Allianz Life of New York as commissions on the sale of Contracts issued under Allianz Life of NY
Variable Account C was subsequently paid entirely to the third party broker/dealers that perform the retail distribution of the Contracts and, therefore, no commission or compensation was retained by Allianz Life Financial Services, LLC.
|
||||||
| 1. |
Include appropriate disclosure regarding the redemption restrictions imposed by Section 403(b)(11) in each registration statement, including the prospectus, used in connection with the offer
of the contract;
|
| 2. |
Include appropriate disclosure regarding the redemption restrictions imposed by Section 403(b)(11) in any sales literature used in connection with the offer of the contract;
|
| 3. |
Instruct sales representatives who solicit participants to purchase the contract specifically to bring the redemption restrictions imposed by Section 403(b)(11) to the attention of the
potential participants;
|
| 4. |
Obtain from each plan participant who purchases a Section 403(b) annuity contract, prior to or at the time of such purchase, a signed statement acknowledging the participant's understanding of
(1) the restrictions on redemption imposed by Section 403(b)(11), and (2) other investment alternatives available under the employer's Section 403(b) arrangement to which the participant may elect to transfer his contract value.
|
|
Signature
|
Title
|
|
Director, Board Chair and Chief Executive Officer
|
|
|
William E. Gaumond(1)
|
Director, Chief Financial Officer and Treasurer
(Principal Accounting Officer)
|
|
Lorraine Lods(1)
|
Director
|
|
Walter R. White(1)
|
Director, Vice President and Appointed Actuary
|
|
Eric Thomes(1)
|
Director and President
|
|
Udo Frank(1)
|
Director
|
|
Howard E. Woolley(1)
|
Director
|
|
Kevin Walker(1)
|
Director
|
| (1) |
By Power of Attorney filed as Exhibit 27(p) to this Registration Statement.
|
|
27(c)3
|
The current specimen of the selling agreement
|
|
27(i)8
|
Service Agreement
|
|
27(i)9
|
Amended and Restated Service Agreement for Subcontracted Services
|
|
27(k)
|
Opinion and Consent of Counsel
|
|
27(l)
|
Consent of Independent Registered Public Accounting Firm
|
|
27(p)
|
Powers of Attorney
|
|
29
|
Insurance Company Organizational Chart
|
| This ‘485BPOS’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 12/31/32 | ||||
| 12/1/29 | ||||
| Effective on: | 5/1/24 | 485BPOS | ||
| Filed on: | 4/26/24 | 485BPOS | ||
| 3/14/24 | N-CEN | |||
| 1/1/24 | ||||
| 12/31/23 | 24F-2NT, N-CEN, N-VPFS | |||
| 4/27/23 | 485BPOS | |||
| 1/1/23 | ||||
| 12/31/22 | 24F-2NT, N-CEN, N-VPFS | |||
| 8/16/22 | ||||
| 2/28/21 | ||||
| 9/8/20 | ||||
| 9/7/20 | ||||
| 4/7/20 | ||||
| 4/6/20 | ||||
| 1/1/20 | ||||
| 12/31/19 | 24F-2NT, N-CEN | |||
| 12/20/19 | ||||
| 12/1/19 | ||||
| 9/4/19 | ||||
| 9/3/19 | ||||
| 7/2/19 | ||||
| 7/1/19 | ||||
| 5/7/19 | ||||
| 5/6/19 | ||||
| 11/6/18 | ||||
| 11/5/18 | ||||
| 8/7/18 | ||||
| 8/6/18 | ||||
| 3/6/18 | ||||
| 3/5/18 | ||||
| 12/6/17 | ||||
| 12/5/17 | ||||
| 12/4/17 | ||||
| 10/16/17 | ||||
| 10/13/17 | ||||
| 3/7/17 | ||||
| 3/6/17 | ||||
| 1/3/17 | ||||
| 1/2/17 | ||||
| 12/6/16 | ||||
| 12/5/16 | ||||
| 12/1/16 | ||||
| 10/16/16 | ||||
| 9/6/16 | 497 | |||
| 9/5/16 | ||||
| 8/15/16 | N-4 | |||
| 7/5/16 | ||||
| 7/4/16 | ||||
| 5/3/16 | ||||
| 5/2/16 | ||||
| 4/18/16 | ||||
| 2/12/16 | ||||
| 11/9/15 | ||||
| 11/1/15 | ||||
| 10/15/15 | ||||
| 4/27/15 | 485BPOS, 497 | |||
| 4/24/15 | ||||
| 4/28/14 | 485BPOS, AW | |||
| 1/16/14 | ||||
| 12/19/13 | 497J, N-4 | |||
| 4/29/13 | 485BPOS | |||
| 4/26/13 | 497J | |||
| 4/24/13 | 485BPOS | |||
| 2/4/13 | 485APOS | |||
| 10/15/12 | ||||
| 10/12/12 | ||||
| 8/21/12 | 485BPOS | |||
| 8/1/12 | N-4 | |||
| 7/27/12 | N-4/A | |||
| 7/23/12 | 497 | |||
| 7/20/12 | ||||
| 7/16/12 | ||||
| 7/1/12 | ||||
| 6/7/12 | 485APOS | |||
| 4/30/12 | 485BPOS | |||
| 4/27/12 | ||||
| 4/6/12 | 485BPOS | |||
| 4/1/12 | ||||
| 1/23/12 | ||||
| 1/20/12 | ||||
| 12/20/11 | 485APOS | |||
| 10/18/11 | 485APOS | |||
| 5/2/11 | 497 | |||
| 4/29/11 | CORRESP | |||
| 3/17/11 | ||||
| 3/9/11 | ||||
| 12/27/10 | N-4 | |||
| 12/22/10 | 485BPOS | |||
| 10/21/10 | 485APOS | |||
| 9/20/10 | 485BPOS | |||
| 8/26/10 | 485BPOS | |||
| 7/1/10 | ||||
| 6/23/10 | ||||
| 6/17/10 | ||||
| 6/1/10 | 497 | |||
| 5/3/10 | EFFECT | |||
| 4/30/10 | EFFECT | |||
| 4/23/10 | 485APOS | |||
| 3/7/10 | ||||
| 12/1/09 | ||||
| 9/1/09 | ||||
| 7/22/09 | 497, EFFECT | |||
| 6/1/09 | ||||
| 4/24/09 | 485BXT, AW | |||
| 4/3/09 | 485BPOS | |||
| 4/1/09 | ||||
| 3/31/09 | 24F-2NT | |||
| 1/26/09 | ||||
| 1/23/09 | 497 | |||
| 8/7/08 | 485BPOS, 497 | |||
| 5/1/08 | 485BPOS | |||
| 4/24/08 | 485BPOS | |||
| 10/1/07 | ||||
| 8/17/07 | N-4/A | |||
| 4/23/07 | 485BPOS | |||
| 11/20/06 | N-4/A | |||
| 4/27/05 | 485BPOS, 497J | |||
| 1/1/03 | ||||
| 9/11/01 | ||||
| 4/28/00 | 485BPOS | |||
| 12/1/99 | ||||
| 5/12/97 | N-4 EL/A | |||
| 1/13/97 | N-4 EL | |||
| List all Filings | ||||