Exhibit A(5)(j)(1)
Rider - Estate Preservation - Supplemental Term Insurance Agreement
The Penn Mutual Life Insurance Company agrees, subject to the provisions of this
agreement, to provide the Supplemental Term Insurance Benefit. The Company also
agrees to provide all of the other benefits which are stated in this agreement.
This agreement is a part of the policy to which it is attached. It is subject to
all of the provisions of the policy unless stated otherwise in this agreement.
Supplemental Term Insurance Benefit--The Company will pay, upon receipt of due
proof of the last insured to die while this agreement is in force, the
Supplemental Term Insurance Benefit. The amount of the Term Insurance Benefit is
the Specified Amount for this supplemental term insurance as shown in the Policy
Specifications.
The Term Insurance Benefit payable upon the death of the last insured to die
will be paid to the beneficiary in one sum or, if elected, under an income
payment option. If part or all of the benefit is paid in one sum, the Company
will pay interest on this sum from the date of death to the date of payment. The
interest rate will be determined each year by the Company, but will not be less
than a rate of 3% per year compounded annually or such higher rate as is
required by law.
Monthly Deduction--While this agreement is in force, the Monthly Deduction under
this policy will include the Monthly Deduction for this agreement. The Monthly
Deduction for this agreement is the Cost of Insurance for the policy month for
the supplemental term insurance benefit under this agreement; and
Cost of Insurance--The Cost of Insurance for the term insurance under this
agreement is determined on a monthly basis. It is calculated as (a) multiplied
by (b) where:
(a) is the Cost of Insurance Rate divided by $1,000 for Supplemental Term
Insurance applicable to this policy, and
(b) is the Specified Amount for this agreement.
The Cost of Insurance Rate for this supplemental term insurance is based on the
policy year and attained age, sex and rate class of each Insured. Cost of
Insurance Rates will be determined by the Company based on expectations as to
future mortality, investment, expense and persistency experience. However, these
rates will not exceed those shown for Term Rates in the Additional Policy
Specifications.
Cost of Insurance Rates will not be adjusted by the Company as a means of
recovering prior losses nor as a means of distributing prior profits.
Computation of Values--All values and benefits in this agreement are equal to or
greater than those required by the law of the jurisdiction in which this policy
is delivered.
Termination of Agreement--This agreement will terminate upon:
(a) the Termination Date for this agreement shown on the Additional Policy
Specifications Page;
(b) lapse of this policy;
(c) surrender of this policy;
(d) the Maturity Date of this policy; or
(e) the Monthly Anniversary that coincides with or next follows (i) the receipt
at the Home Office of a written request by the Owner to terminate this
agreement, and (ii) the return of this policy for appropriate endorsement.
Effective Date -- The effective date of this agreement is the same as the Date
of Issue of this policy unless another effective date is shown below.
The Penn Mutual Life Insurance Company
[GRAPHIC OMITTED]
Chairman and
Chief Executive Officer
