Rider – Guaranteed Minimum Withdrawal Benefit with Inflation Adjustment This form may be cancelled only under certain disclosed conditions.Guaranteed Minimum Withdrawal Benefit Rider • September 28th, 2010 • Penn Mutual Variable Annuity Account Iii
The purpose of the Guaranteed Minimum Withdrawal Benefit provided under this annuity contract is to provide security through a stream of annual income payments to the Contract Owner. The Guaranteed Minimum Withdrawal Benefit will terminate upon assignment or a change in ownership of the contract unless the new assignee or owner meets the qualifications specified in the Termination provision of the Guaranteed Minimum Withdrawal Benefit.
