When customers add SecurePay Protector optional income benefit1 to their Protective® Aspirations variable annuity, they get access to guaranteed lifetime income and benefit base growth, regardless of market performance.
Why add SecurePay Protector benefit to Protective Aspirations variable annuity?
This optional benefit helps customers maximize and protect retirement income with:
Guaranteed growth
Guaranteed stream of income for life
Built-in features for flexibility
Discover the built-in features available with SecurePay Protector benefit
Offer customers even more flexibility and security in retirement with these included features.
Investing with the SecurePay Protector benefit
To feel confident about their overall retirement strategy, customers need an income strategy that works with their investment preferences. When customers add this benefit to their Protective Aspirations variable annuity, they’ll still have access to diverse, high-quality investment options. See how this flexibility can help you tailor tax deferred, growth strategies to your customers needs.
Helpful resources
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Other related topics
Maximize income, growth and flexibility with Protective%%®%% Aspirations variable annuity
Deliver growth potential and investment flexibility with the SecurePay Investor%%SM%% income benefit
Why guaranteed income supports your customers’ retirement confidence
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1 SecurePay Protector is available at issue for 1.5% (1.6% with RightTime) of the benefit base annually.
2 The 7% 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 If contract value falls to zero due to excess withdrawals the optional income benefit will terminate and payments will end. If contract value is reduced to zero due to benefit withdrawals, the contract will be annuitized and monthly income payments will begin in an amount equal to the last Annual Withdrawal Amount, divided by 12.
4 SecurePay NH nursing home enhancement may not be available in all states and may not be available with new contracts in the future. To qualify for SecurePay NH, the customer must: Be confined to a qualified nursing care facility; be unable to perform two out of six specified Activities of Daily Living or be diagnosed with a severe cognitive impairment; have not been in a nursing home one year before and after purchasing an optional protected lifetime income benefit. Proof of continued qualification is required for each contract year in which this benefit is claimed.
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.
WEB.3940915.07.24
2 The 7% 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 If contract value falls to zero due to excess withdrawals the optional income benefit will terminate and payments will end. If contract value is reduced to zero due to benefit withdrawals, the contract will be annuitized and monthly income payments will begin in an amount equal to the last Annual Withdrawal Amount, divided by 12.
4 SecurePay NH nursing home enhancement may not be available in all states and may not be available with new contracts in the future. To qualify for SecurePay NH, the customer must: Be confined to a qualified nursing care facility; be unable to perform two out of six specified Activities of Daily Living or be diagnosed with a severe cognitive impairment; have not been in a nursing home one year before and after purchasing an optional protected lifetime income benefit. Proof of continued qualification is required for each contract year in which this benefit is claimed.
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.
WEB.3940915.07.24