BD
● Active
Basic Death Benefit
Penn Mutual Life Insurance Company
DTCC ID
—
COMPANY
Penn Mutual Life Insurance Company
TYPE
Indexed Annuity
INCEPTION
Sep 29, 2015
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Product policy type
Indexed Annuity
Status
● Active
Sequence
1
Inception date
Sep 29, 2015
Closed date
—
DTCC Rider ID
—
Last modified
Nov 30, 2018
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
—
Partial withdrawals
—
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
No
State Availability
Exception flag
Yes
Available in states
—
Not available in states
CT
Benefit Description
Death Benefit is payable upon death of an owner or the sole annuitant. The death benefit is equal to the greater of the contract value and the Minimum Guaranteed Surrender Value.
Lifecycle Events
—