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Variable Annuity
Death benefits
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Nirmala
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Penn Mutual Life Insurance Company
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Estate Enhancement Death Benefit
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 only. Upon death of annuitant, Issuer will add 40% of earnings (35% if annuitant's age is between 61 to 70 and 30% if annuitant's age is between 71 to 80) to any death benefit payable under contract. Earnings are equal to sum of Fixed Account Value, Variable Account Value and all withdrawals from contract, minus total purchase payments. Benefit base can never be more than 100% (60% if annuitant's age is between 61 to 70 and 40% if annuitant's age is between 71 to 80) of total purchase payments net of withdrawals. If purchase payments exceed sum of Fixed Account Value, Variable Account Value and all withdrawals from contract, no estate enhancement death benefit will be paid.
Other Info
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available When Added
Only at contract issue.
Effect Change Ownership
Exclude Premium Bonus
Terminated
Single Life
Joint Life
Spousal Continuation Option
Spousal Continuation Option
Exception
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