TRADITIONAL GUARANTEED MINIMUM DEATH BENEFIT RIDER
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This rider forms a part of the Base Contract to which it is attached and is
effective as of the Issue Date of the Base Contract. In the case of a conflict
with any provision in the Base Contract, the provisions of this rider will
control. This rider is irrevocable. You can only terminate this rider as
indicated in the CONDITIONS FOR TERMINATION OF THIS TRADITIONAL GMDB section of
this rider. Defined terms and contractual provisions are set forth in the Base
Contract or are added or replaced in this rider.
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DEFINITIONS
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DEFINITIONS: Definitions specific to this rider that are not in the Base
Contract follow.
BASE CONTRACT The contract to which this rider is attached.
GMDB VALUE The total of all Purchase Payments made, reduced by any GMDB
adjusted partial withdrawal.
TRADITIONAL The death benefit that is provided by this rider.
GUARANTEED
MINIMUM DEATH
BENEFIT AMOUNT
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PROCEEDS PAYABLE ON DEATH
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TRADITIONAL The Traditional Guaranteed Minimum Death Benefit
GUARANTEED DEATH Amount is equal to the greater of (a) or (b),
BENEFIT AMOUNT less any applicable Premium Tax.
CALCULATION
(a) The Contract Value remaining in the
Accumulation Phase determined as of the
Business Day during which both due proof
of death and an election of the death
benefit payment option have been
received at our Service Center.
(b) The GMDB Value.
GMDB ADJUSTED The GMDB adjusted partial withdrawal is equal
PARTIAL WITHDRAWAL to the amount of the partial withdrawal, including
CALCULATION any applicable withdrawal charge, multiplied by the greater
of one, or the ratio of (a) divided by (b), where:
(a) is the GMDB Value on the day of, but
before, the partial withdrawal.
(b) is the Contract Value remaining in the Accumulation
Phase on the day of, but before,
the partial withdrawal.
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GENERAL PROVISIONS
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CONDITIONS FOR This benefit will terminate upon the earliest of the
TERMINATION OF following.
THIS TRADITIONAL
GMDB:
(a) The death of any Owner.
(b) The Business Day before the Income Date
if you take a Full Annuitization.
(c) The Business Day you take a full withdrawal of
Contract Value during the Accumulation Phase.
(d) Termination of the Base Contract.
TRADITIONAL GMDB The charge for this benefit is included in the Mortality
CHARGE: and Expense Risk Charge shown in the Contract Schedule.
In all other respects the provisions, conditions, exceptions and limitations
contained in the Base Contract remain unchanged.
Signed for the Company at its home office.
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
[/s/ Xxxxxxx X. Xxxxx] [/s/ Xxxx Xxxxxxxx]
Xxxxxxx X. Xxxxx Xxxx Xxxxxxxx
Senior Vice President, Secretary, President
and Chief Legal Officer
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