BD
● Terminated
Basic Death Benefit
Penn Mutual Life Insurance Company
DTCC ID
—
COMPANY
Penn Mutual Life Insurance Company
INCEPTION
May 07, 2012
CLOSED
Jun 12, 2017
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Status
● Terminated
Inception date
07 May 2012
Closed date
12 Jun 2017
Description & Notes
Benefit description
Available during accumulation phase. Upon death of owner, benefit is greater of - 1) contract value; 2) adjusted purchase payments. Withdrawal will adjusted the benefit base to greater of - 1) dollar amount of withdrawal or 2) amount of withdrawal multiplied by ratio of - i) adjusted net purchase payments before withdrawal, and ii) contract value before the withdrawal.