SD
● Terminated
Standard Death Benefit
Penn Mutual Life Insurance Company
DTCC ID
—
COMPANY
Penn Mutual Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Standard Death Benefit
Internal benefit name
Standard Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
1
Inception date
—
Closed date
May 01, 2011
DTCC Rider ID
—
Last modified
Jul 14, 2025
Life & Age
Based on life
Annuitant
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Mandatory
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
Subsequent purchase payment will increase benefit base by dollar-for-dollar amount.
Partial withdrawals
Withdrawals will reduce benefit base in same proportion.
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may elect to continue benefit after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. If owner dies, benefit will be equal to contract value. If annuitant dies, death benefit will be equal to the Separate Account death benefit plus Fixed Interest Account death benefit. Separate Account death benefit is greater of - 1) variable account value, or 2) total purchase payments adjusted for withdrawals. Fixed Interest Account death benefit equals to fixed account value.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.
Available when added
No longer available for new purchases.