To help customers solve retirement income needs over time, our Protective® Variable Annuity NY II B Series offers SecurePay 5, a protected lifetime income benefit for benefit base growth early on and guaranteed income later.
Why add SecurePay 5 benefit to Protective Variable Annuity NY II B Series?
Adding SecurePay 5 benefit to our Protective Variable Annuity NY II B Series combines enhanced benefit base growth with guarantees to ensure a protected lifetime income benefit that retirees won't outlive and adjusts to their changing needs.
How SecurePay 5 benefit delivers value to customers at various life stages
Available with our Protective Variable Annuity NY II B Series, SecurePay 5 benefit offers guaranteed growth of the benefit base during pre-retirement, guaranteed annual withdrawals for life and available enhanced benefits for additional care needs.
Investing with SecurePay 5 benefit
When SecurePay 5 benefit is added to a Protective Variable Annuity NY II B Series contract, customers have a choice of allocation options with guidelines to support the guarantees this benefit offers. Learn how customers are able to create a more tax-efficient and customizable retirement strategy.
Helpful resources
Want to learn more about how the SecurePay 5 benefit or nursing home enhancement can support your clients' retirement strategies? Download these helpful resources.
SecurePay 5 consumer brochure
Other related topics
Combine growth, income and legacy protection with Protective® Variable Annuity NY II B Series
Tailor protection for unique needs using optional benefits
Fund information and performance
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¹ 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.
Protective Variable Annuity NY II B Series is a flexible premium deferred variable and fixed annuity contract issued by PLAIC in New York under policy form series VDA-A-2006. SecurePay 5 benefits issued under rider form number VDA-A-6035.
Variable annuities are long-term investments intended for retirement planning and involve market risk and the possible loss of principal.
Withdrawals reduce the annuity's remaining death benefit, contract value, cash surrender value and future earnings. Withdrawals may be subject to income tax and, if taken prior to age 59½, an additional 10% IRS tax penalty may apply. More frequent withdrawals may reduce earnings more than annual withdrawals. During the withdrawal charge period, withdrawals in excess of the penalty-free amount may be subject to a withdrawal charge.
Investors should carefully consider the investment objectives, risks, charges and expenses of a variable annuity, any optional protected lifetime 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 PLAIC at 800-456-6330.
WEB.3924846.06.24
Protective Variable Annuity NY II B Series is a flexible premium deferred variable and fixed annuity contract issued by PLAIC in New York under policy form series VDA-A-2006. SecurePay 5 benefits issued under rider form number VDA-A-6035.
Variable annuities are long-term investments intended for retirement planning and involve market risk and the possible loss of principal.
Withdrawals reduce the annuity's remaining death benefit, contract value, cash surrender value and future earnings. Withdrawals may be subject to income tax and, if taken prior to age 59½, an additional 10% IRS tax penalty may apply. More frequent withdrawals may reduce earnings more than annual withdrawals. During the withdrawal charge period, withdrawals in excess of the penalty-free amount may be subject to a withdrawal charge.
Investors should carefully consider the investment objectives, risks, charges and expenses of a variable annuity, any optional protected lifetime 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 PLAIC at 800-456-6330.
WEB.3924846.06.24