SD
● Active
Standard Death Benefit
Penn Mutual Life Insurance Company
DTCC ID
—
COMPANY
Penn Mutual Life Insurance Company
TYPE
Variable Annuity
INCEPTION
May 07, 2012
Identity
Benefit name
Standard Death Benefit
Internal benefit name
Standard Death Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
1
Inception date
May 07, 2012
Closed date
—
DTCC Rider ID
—
Last modified
May 16, 2025
Life & Age
Based on life
Owner and 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
Issuer will recalculate benefit base upon partial withdrawal.
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 or annuitant dies, benefit is greater of - 1) contract value less any purchase payment enhancement(s) credited in 12 months preceding the date; 2) total purchase payments adjusted for withdrawals. Withdrawal will adjusted the benefit base to greater of - 1) dollar amount of withdrawal or 2) amount of withdrawal multiplied by ratio of contract value before the withdrawal.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.