Rider - Estate Enhancement Death Benefit


The Penn Mutual Life Insurance Company agrees, subject to the provisions of this
supplemental agreement, to provide the Estate Enhancement Death 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 Contract to which it is attached. It is subject
to all of the provisions of the Contract unless stated otherwise in this
agreement. This agreement enhances the Death Benefit Section in the Contract to
which it is attached.

DEATH BEFORE THE ANNUITY DATE - Prior to the Annuity Date and upon receipt of
due proof of the Annuitant's death and the necessary forms to make payment to a
beneficiary, the Company will pay to the beneficiary the Estate Enhancement
Death Benefit in addition to the death benefit due under the contract
provisions.

ESTATE ENHANCEMENT DEATH BENEFIT - The Estate Enhancement Death Benefit will be
calculated as a percentage of earnings subject to the specifications on Page 3.
For the purposes of this agreement, earnings are defined as the Fixed Account
Value plus the Variable Account Value less any purchase payments plus any
withdrawals.

This benefit is payable on the death of the annuitant and is not transferable.

This benefit and charges are based on the issue age of the annuitant.

CHARGE - While this agreement is in force, an asset based charge will be
assessed. The charge will be a percentage of the average variable and fixed
account values. On an annual basis the percentage will not exceed the amount
shown on Page 3 of the Contract. The charge will be deducted on the date
specified on Page 3. It will also be deducted when the total account value is
withdrawn if the withdrawal is not on the date specified on Page 3. The charge
will be deducted on the date of payment of the Death Benefit and on the date of
annuitization. If the charge is deducted on a date other than that specified on
Page 3, only a fraction of the charge will be deducted. The fraction will be
equal to the portion of the contract year that the Contract was inforce.

AVERAGE ACCOUNT VALUES - The average variable account value is equal to the
variable account value at the beginning of the contract year plus the variable
account value at the time the charge is assessed divided by two. At the time of
the first deduction, the beginning of the contract year value will be equal to
the initial purchase payment allocated to the variable account.



The average fixed account value is equal to the fixed account value at the
beginning of the contract year plus the fixed account value at the time the
charge is assessed divided by two. At the time of the first deduction, the
beginning of the contract year value will be equal to the initial purchase
payment allocated to the fixed account.

TERMINATION OF AGREEMENT - This agreement will terminate upon:

(a) the Termination Date for this agreement shown on Page 3 of the Contract;
(b) surrender of the Contract;
(c) annuitization; or
(d) receipt by the Company of a written request by the Contract Owner to
    discontinue it.

EFFECTIVE DATE - The effective date of this agreement is the same as the Date of
Issue of the Contract.

The Penn Mutual Life Insurance Company


/s/ Robert E. Chappell
--------------------------------------
Chairman and
Chief Executive Officer