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SecurePay Protector%%SM%% benefit for guarantees and growth

When customers add the SecurePay Protector optional income benefit to their Protective® Aspirations variable annuity,1 they get access to guaranteed lifetime income and benefit base growth, regardless of market performance.

Guaranteed income, growth and flexibility designed to last a lifetime

SecurePay Protector benefit offers guaranteed lifetime income, an annual benefit base rollup and access to top-rated investment funds – so customers can capitalize on growth and flexibility while protecting what matters most.
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Growth of benefit base
Regardless of market performance, the protected benefit base will increase by 5%2 compounded annually, with the opportunity for additional growth by capturing annual market gains.
Annual withdrawals for life
With competitive guaranteed annual withdrawal rates — like 6.00% at age 65 — the reliable payments from this benefit can help cover essential expenses throughout the customer's lifetime.3
Flexibility to adjust income
Available with the SecurePay Protector benefit, the SecurePay ReserveSM feature allows customers to defer up to 3x their annual withdrawal amount into subsequent years to use when they see fit.
See how SecurePay Protector maximizes customers' retirement journeys
Adding this optional benefit to your customer's variable annuity contract gives them opportunities for strong growth potential while maximizing protection and guaranteed income. Watch this customer video to learn how.
Video of the SecurePay Protector benefit's features
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How SecurePay Protector benefit lives up to its name
Show customers the difference our SecurePay Protector lifetime income option can make when supporting what they aspire to in retirement. Use our flyer to support the conversation.

Customers can adjust income as needed with the SecurePay Reserve feature

Make flexibility a driving force behind customers' retirement aspirations using the unique capabilities of the SecurePay Reserve feature. Included with the Protective Aspirations variable annuity protected lifetime income options, this feature allows customers to defer and rollover up to 3 times their annual withdrawal amount to use when they need it.
Illustration showing a person pointing to a calendar and deferring income over period of time
Customer chooses to defer income for later
Once income begins, customers may take the full annual withdrawal amount from their contract each year, or they can take less and use the SecurePay Reserve feature which allows you to roll over the difference into subsequent years.
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Defer annual withdrawal amount up to 3 times
Customers can defer up to 3x their annual withdrawal amount. When ready to access their SecurePay Reserve feature balance, they can withdraw up to the entire amount, plus the annual withdrawal amount available in the current year.
Illustration showing a person stacking coins
Carry forward or withdraw
Customers can then take all, or a portion of their reserved amount until depleted. Once depleted, they may again defer payments towards their SecurePay Reserve feature amount.

See the SecurePay Reserve feature in action and download the supporting illustration

Helpful resources

Want to learn more about how SecurePay Protector benefit works, or have customers in mind whose retirement strategies could benefit from a Protective Aspirations variable annuity with the SecurePay Protector benefit? Download these helpful resources.
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Share withdrawal rates and how this income benefit works
Cover of SecurePay Protector benefit - All About the Numbers Flyer
Engage customers with this benefit highlight
Cover of SecurePay ReserveFlyer
Show how the SecurePay Reserve feature works
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Review income benefit details with customers

Other related topics

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Offer growth potential and investment flexibility with SecurePay Investor
Couple exploring guaranteed income options on their laptop.
The role of guaranteed income in retirement planning
We’re here for you
Everyone deserves peace of mind when it comes to safeguarding what’s most important. We’re ready to help you deliver the protection and security customers deserve. Reach out to us anytime for questions and support, and we’ll get in touch with you as soon as possible.
1 SecurePay Protector is available at issue for 1.40% (1.50% with RightTime) of the benefit base annually.

2 If on a contract anniversary, the contract value is less than 50% of the current benefit base, the 5% guaranteed growth rate will be suspended during that contract year, and the benefit base will remain unchanged. The 5% guaranteed growth rate will continue to be available annually until 10 benefit base increases have occurred or until benefit withdrawals have begun, if earlier.

3 Withdrawal rate of 6% at age 65 is for a single lifetime payout.

Variable annuities are distributed by Investment Distributors, Inc. (IDI), a broker-dealer and the principal underwriter for registered products issued by PLICO. IDI is located in Birmingham, AL.

Protective Aspirations variable annuity is a flexible premium deferred variable and fixed annuity contract issued by PLICO in all states except New York under policy form series VDA-P-2006. SecurePay Protector benefits issued under rider form number VDA-P-6061. SecurePay Nursing Home benefits issued under form number IPV-2159. Policy form numbers, product availability and product features may vary by state.

Protective does not offer or provide investment, fiduciary, financial, legal or tax advice or act in a fiduciary capacity for any client. Please consult with your investment advisor, attorney or tax advisor as needed.

Variable annuities are long-term investments intended for retirement planning and involve market risk and the possible loss of principal. Investments in variable annuities are subject to fees and changes from the insurance company and the investment managers.

Investors should carefully consider the investment objectives, risks, charges and expenses of a variable annuity, any optional protected income benefit, and the underlying investment options before investing. This and other information is contained in the prospectuses for a variable annuity and its underlying investment options. Investors should read the prospectuses carefully before investing. Prospectuses may be obtained by contacting PLICO at 800-456-6330.