B
Beacon
Data Entry
Variable Annuity
Death benefits
⌘K
N
Nirmala
Signed in as Nirmala
Settings
Sign out
Companies
›
Penn Mutual Life Insurance Company
›
Death Benefits
›
Rising Floor Death Benefit Enhancement
Edit Death Benefit
Death Benefit
Benefit Name
Internal Benefit Name
Inception Date
Closed Date
Rider Select Rule
Default
Mandatory
Optional
Based On Life
Annuitant
Owner
Owner (or Annuitant if owner is a natural entity)
Owner (or Annuitant if owner is a non-natural person)
Owner and Annuitant
Min Age
Max Age
Waiting Period
Waiting Term
Select
Age
Contract year
Days
Months
Years
Version Begin Date
Maximum Benefit Base
Maximum Benefit Base %
With Reduce Benefit Base
Select
Dollar for Dollar
Proportionally
DTCC Rider ID
Notes
Version Note
Benefit Description
Available during accumulation phase. Upon death of annuitant, benefit will be equal to minimum death benefit amount minus greater of - 1) variable account value, or 2) total purchase payments made into Separate Account adjusted for any withdrawals. On contract date, minimum death benefit is equal purchase payments made into Separate Account; on first day of any calendar month prior to next contract anniversary, benefit is equal to minimum death benefit amount on first day of prior calendar month accumulates at 5% annually prior to annuitant's age 80, plus purchase payments made into Separate Account adjusted for withdrawal. Withdrawal will reduce benefit base either in same proportion or by dollar-for-dollar amount, whichever results in lower benefit base. Benefit base can never be more than $1,000,000. Benefit is payable until age 95. Issuer imposes monthly charges depending on attained age of annuitant and amount of death benefit enhancement - $0.208 for annuitant's age 40 or younger as of prior contract anniversary (Max - $17.292 for annuitant's age 90-94 as of prior contract anniversary) per $1,000, as per prescribed schedule for various attained age bands.
Other Info
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available When Added
No longer available for new purchases.
Effect Change Ownership
Contact Issuer for details.
Exclude Premium Bonus
Terminated
Single Life
Joint Life
Spousal Continuation Option
Spousal Continuation Option
Exception
Alabama (AL)
Alaska (AK)
American Samoa (AS)
Arizona (AZ)
Arkansas (AR)
Bermuda (BERMUDA)
California (CA)
Colorado (CO)
Connecticut (CT)
Delaware (DE)
Dist of Columbia (DC)
Florida (FL)
Georgia (GA)
Guam (GU)
Hawaii (HI)
Idaho (ID)
Illinois (IL)
Indiana (IND)
Iowa (IA)
Kansas (KS)
Kentucky (KY)
Louisiana (LA)
Maine (ME)
Maryland (MD)
Massachusetts (MA)
Michigan (MI)
Minnesota (MN)
Mississippi (MS)
Missouri (MO)
Montana (MT)
Nebraska (NE)
Nevada (NV)
New Hampshire (NH)
New Jersey (NJ)
New Mexico (NM)
New York (NY)
North Carolina (NC)
North Dakota (ND)
Ohio (OH)
Oklahoma (OK)
Oregon (OR)
Pennsylvania (PA)
Puerto Rico (PR)
Rhode Island (RI)
South Carolina (SC)
South Dakota (SD)
Tennessee (TN)
Texas (TX)
Utah (UT)
Vermont (VT)
Virgin Islands (VI)
Virginia (VA)
Washington (WA)
West Virginia (WV)
Wisconsin (WI)
Wyoming (WY)
→
←
Not available in states
Cancel