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Variable annuities

Variable annuities offer important benefits that can add more security to customers’ growth, income and wealth transfer goals.

Why a variable annuity?

A variable annuity can provide growth fueled by market performance and additional benefits like guaranteed lifetime income.
Tax-deferred growth fueled by market performance
Increase customer's earning power by keeping money in the account so they can grow without the drag of year-over-year taxation.
Wide-array of investment options all in one contract
Variable annuities give customers access to a variety of asset classes and fund managers so they can create a diversified investment strategy.
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Optional protected lifetime income and wealth transfer benefits
Some contracts include a guaranteed income benefit customers can't outlive, or enhanced death benefit options to optimize wealth transfer goals.
How do variable annuities work?
Variable annuities allocate payments among a choice of investment options or subaccounts, which can invest in a mix of equity, fixed income, and other assets for growth. At a future date, customers can elect to receive payments based on available options.
Graphic explaining how variable annuities work.
Consider a variable annuity for a customer who:
  • Is focused on growing their assets tax deferred.
  • Prefers equity investing strategies and is willing to accept more risk to achieve more growth potential.
  • Wants access to benefits that support lifetime income and wealth transfer.
Financial professional shaking hands with customers who just purchased a variable annuity.

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We’re here for you

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.
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 charges from the insurance company and the investment managers.

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.

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 Investor benefits issued under rider form number VDA-P-6063. SecurePay Protector benefits issued under rider form number VDA-P-6081. SecurePay Nursing Home benefits issued under form number VDA-P-5072R, in all states except California where issued under form number IPV-2159. Policy form numbers, product availability and product features may vary by state.

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 Protective at 800-456-6330.

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