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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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Basic 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. If owner who is not annuitant dies, benefit will be equal to contract value. Upon death of owner who is annuitant under contract, benefit will be greater of - 1) contract value, or 2) adjusted net purchase payments. Adjusted net purchase payments are equal to total purchase payments less the sum of all adjusted withdrawals, where adjusted withdrawals are greater of - 1) amount of each withdrawal; or 2) amount of each withdrawal multiplied by ratio of - i) amount of adjusted net purchase payments prior to withdrawal, or ii) contract value prior to withdrawal.
Other Info
Cancellation
May not be cancelled.
Termination
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
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