RIDER -OPTIONAL DEATH BENEFIT ENHANCEMENT - RISING FLOOR

The Penn Mutual Life Insurance Company agrees, subject to and in accordance with
the provisions of this supplemental agreement, to provide the Death Benefit
Enhancement applied for in the application.

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 BENEFIT ENHANCEMENT - 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 a Death Benefit Enhancement
in addition to the death benefit provided in the contract to which this
agreement is attached.

The Death Benefit Enhancement will be determined on 1st day of each calendar
month following the Contract Date and will remain level until the 1st day of the
next calendar month. The amount of the Death Benefit Enhancement will equal the
Minimum Death Benefit Amount minus the greater of
     a)   Variable Account Value or
     b)   Sum of the purchase payments paid into the Variable Account less any
          withdrawals from the Variable Account.

The Death Benefit Enhancement cannot be less than zero.

MINIMUM DEATH BENEFIT AMOUNT - The Minimum Death Benefit Amount is determined on
the 1st day of each calendar month following the Contract Date.

On the 1st day of the calendar month following the Contract Date, the Minimum
Death Benefit Amount is the purchase payments paid into the Variable Account
minus the withdrawals taken from the Variable Account.

On the 1st day of subsequent calendar months, the Minimum Death Benefit Amount
is a) plus b) minus c).

     a)   The Minimum Death Benefit Amount as of the 1st day of the prior
          calendar month plus interest accumulated at an effective annual rate
          of 5%.
     b)   Purchase payments paid into the Variable Account during the prior
          calendar month.
     c)   An adjustment for withdrawals taken from the Variable Account during
          the prior calendar month. This adjustment is the greater of 1. or 2.
          1.   Withdrawals taken from the Variable Account during the prior
               calendar month.
          2.   The Minimum Death Benefit Amount as of the 1st day of the prior
               calendar month divided by the Variable Account as of the 1st day
               of the current calendar month multiplied by the withdrawals taken
               during the prior calendar month.

Transfers into the Variable Account will be treated as purchase payments
allocated to the Variable Account. Similarly, transfers out of the Variable
Account will be treated as withdrawals from the Variable Account.

CHARGE - While this agreement is in force, a charge will be calculated on the
1st day of a calendar month that this agreement is in effect provided the Death
Benefit Enhancement amount is greater than zero. The monthly charges will be
accumulated during a contract year to be deducted on the contract anniversary
date. On the date of payment of the death benefit under this contract, the date
the contract is annuitized or the date the contract is surrendered, any
uncollected charges will be deducted. The charge for any calendar month will be
the rate from the table that is shown on Page 3 based on the attained age of the
annuitant as of the prior Contract Anniversary times the Death Benefit
Enhancement amount.

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 this contract;
c)   full withdrawal of the variable account;
d)   annuitization; or
e)   receipt by the Company of a written request by the Owner to discontinue it.

Effective Date - The effective date of this agreement is the same as the
Contract Date of this policy unless another effective date is shown below.

The Penn Mutual Life Insurance Company

/s/ Robert E. Chappell

Chairman and Chief Executive Officer