Guaranteed Minimum Withdrawal Benefit Rider Sample Contracts

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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.

This form may be cancelled only under certain disclosed conditions. The Penn Mutual Life Insurance Company (the “Company”) agrees, subject to and in accordance with the provisions of this supplemental agreement, to provide the Guaranteed Minimum...
Guaranteed Minimum Withdrawal Benefit Rider • April 28th, 2009 • Penn Mutual Variable Annuity Account Iii

This agreement is a part of the contract to which it is attached. It is subject to all of the provisions of the contract unless stated otherwise in this agreement.

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