Common use of Minimum Values Clause in Contracts

Minimum Values. The minimum values for any cash surrender benefit and Death Benefit available under this contract are not less than those required by the state of New York. L40538-NY03 20 Allianz Life Insurance Company of New York [1633 Broadway, 42nd Floor] [New York, NY 10019-6708] [800/624-0197] Individual Flexible Purchase Payment Variable and Index-Linked Deferred Annuity Contract Purchase Payments we receive for this contract accumulate to provide Annuity Payments or an incidental Death Benefit. This is a variable annuity contract with Contract Value increasing or decreasing depending on the experience of the Variable Account and Index Options. Investment in the contract may result in a loss of Purchase Payments. This contract is nonparticipating, with no dividends payable. Benefits available under this contract are not less than those required by New York statute. This contract contains a provision allowing us to make an Index Option temporarily unavailable on the upcoming Term Start Date if, due to yield on investments or the availability or cost of hedging, we are unable to support the Minimum Cap on that Index Option. THE INDEX RETURN MAY BE POSITIVE, NEGATIVE OR ZERO AND INVESTMENT IN THIS CONTRACT MAY RESULT IN A LOSS OF PRINCIPAL. IN SOME INSTANCES, THE POTENTIAL INVESTMENT LOSS FOR THIS PRODUCT MAY BE SIGNIFICANTLY GREATER THAN THE POTENTIAL INVESTMENT GAIN.

Minimum Values. The minimum values for any cash surrender benefit and Death Benefit available under this contract are not less than those required by the state of New York. L40538-NY03 20 01-NY Allianz Life Insurance Company of New York [1633 Broadway0000 Xxxxxxxx, 42nd Floor00xx Xxxxx] [New YorkXxx Xxxx, NY 10019XX 00000-6708] [800/624-0197800.624.0197] Individual Flexible Purchase Payment Variable and Index-Linked Deferred Annuity Contract Purchase Payments we receive for this contract accumulate to provide Annuity Payments or an incidental Death Benefit. This is a variable annuity contract with Contract Value increasing or decreasing depending on the experience of the Variable Account and Index Options. Investment in the contract may result in a loss of Purchase Payments. This contract is nonparticipating, with no dividends payable. Benefits available under this contract are not less than those required by New York statute. This contract contains a provision allowing us to make an Index Option temporarily unavailable on the upcoming Term Start Date if, due to yield on investments or the availability or cost of hedging, we are unable to support the Minimum Cap or Trigger Rate on that Index Option. Additionally, this contract does not allow Index Options with a Term length exceeding six years. THE INDEX RETURN MAY BE POSITIVE, NEGATIVE OR ZERO AND INVESTMENT IN THIS CONTRACT MAY RESULT IN A LOSS OF PRINCIPAL. IN SOME INSTANCES, THE POTENTIAL INVESTMENT LOSS FOR THIS PRODUCT MAY BE SIGNIFICANTLY GREATER THAN THE POTENTIAL INVESTMENT GAIN.. L40538-01-NY