BD
● Terminated
Basic Death Benefit
Penn Mutual Life Insurance Company
DTCC ID
—
COMPANY
Penn Mutual Life Insurance Company
INCEPTION
—
CLOSED
May 01, 2011
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Status
● Terminated
Inception date
—
Closed date
01 May 2011
Description & Notes
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.