Skip to Content
Graphic hero gold
Graphic hero gold

Enhanced death benefits: 3 options for ensuring a legacy

Adding an enhanced death benefit option to a Protective® Aspirations variable annuity can give customers flexibility and control to support efficient wealth transfer and protect their legacy.

Needs vary. Offer a more tailored strategy.

With three levels of protection, it’s simple to tailor the death benefit option on a Protective Aspirations variable annuity to each customer’s specific situation.

Return of Purchase Payments death benefit
Returns the investment or contract value, whichever is greater at time of death, less withdrawals.¹
Maximum Anniversary Value death benefit
Market gains can be locked in each contract anniversary to increase the value of the death benefit, less any withdrawals.²
Maximum Quarterly Value death benefit
Market gains are captured in the contract value and added to the death benefit on a quarterly basis, less any withdrawals.³

Efficient wealth transfer and more

Give customers the flexibility they need to support their unique legacy planning goals. Whether wishing to grow their benefit or looking for a simple return of premium option to avoid the hassle of probate, the choice is theirs.

Return of Purchase Payments death benefit

With our Return of Purchase Payments death benefit, should a customer pass away before starting annuity income payments, their beneficiaries will receive the greater of the contract value or total investment in the variable annuity, less an adjustment for each prior withdrawal.
Graph shows standard process for death benefit payout.

Maximum Anniversary Value death benefit

Take advantage of market gains on an annual basis by locking in any additional contract value on each contract anniversary. Once locked in, the amount never falls below the highest anniversary lock-in amount less any withdrawals, even when contract value decreases due to investment performance.
Graph shows death benefit rising with annual market gains.

Maximum Quarterly Value death benefit

With the Quarterly Value death benefit, customers can lock in contract value increases more frequently, providing additional opportunities to capture market gains. Once locked in, the amount will never decrease due to investment performance, ensuring a stable or growing death benefit for loved ones.
Graph shows contract value (death benefit) increasing on a quarterly basis when the market experiences gains.

Other related topics

Financial advisor going over details of Protective Aspirations variable annuity solutions with clients
Maximize income, growth and flexibility with Protective%%®%% Aspirations variable annuity
Learn more
Financial professional explaining available optional benefits to clients
Give customers a choice of lifetime income options with Protective Aspirations%%®%% variable annuity
Learn more
Woman feeling secure that she's prepared for the changes retirement can bring.
Navigating life’s changes for retirement
Learn more
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.
Contact us

Welcome to Protective

Before entering the site, please confirm that you are currently licensed to sell life insurance and/or annuities.

1

¹The Return of Purchase Payments death benefit is available at an additional cost equal to 0.20% (on an annualized basis) of the death benefit at the beginning of each contract month.

²The maximum Anniversary Value death benefit is available up to age 77 at an additional cost of 0.35% (on an annualized basis) of the death benefit at the beginning of each contract month.

³The Maximum Quarterly Value death benefit is available up to age 77 at an additional cost equal to 0.40% (on an annualized basis) of the death benefit at the beginning of each contract month. 

WEB.3924994.04.24