FA Magazine March 2023 - Page 2



Is your retirement client a protector or investor ?

Whether your client needs protected lifetime income during retirement , or they ’ re looking to maximize growth potential – the optional lifetime income benefits available with Protective ® Aspirations variable annuity can help .
SecurePay Protector SM benefit
• Maximize investment flexibility and growth potential
• 5 % compounding benefit base 1
• Competitive , age-based withdrawal rates
• Flexibility to adjust income as needed 2
SecurePay Investor SM benefit
• Maximize growth potential
• 100 % variable account investment flexibility in high-quality fund options 3
• Minimize cost
• Lock in potential market gains
Registered financial professionals can learn more about Protective ® Aspirations variable annuity here .
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 .
SecurePay Reserve is included with both optional lifetime income benefits and offers the ability to defer up to three times ( 3x ) the annual withdrawal amount . The Maximum Reserve Amount is the lesser of 1 ) 3 times the AWA or 2 ) the current Contract Value .
Allocation of Purchase Payments or Contract Value to the Fixed Account is not permitted under the SecurePay Investor or SecurePay Protector benefit .
Protective refers to Protective Life Insurance Company ( PLICO ), Nashville , TN . Variable annuities are distributed by Investment Distributors , Inc . ( IDI ), a broker-dealer and the principal underwriter for registered products issued by PLICO .
Protective is a registered trademark of PLICO . The Protective trademarks logos and service marks are property of PLICO and are protected by copyright , trademark , and / or other proprietary rights and laws .
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-6061 . Policy form numbers , product availability and product features may vary by state .
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 .
Not FDIC / NCUA Insured Not Bank or Credit Union Guaranteed Not a Deposit
CAC . 4466218.01.23 Not Insured By Any Federal Government Agency
May Lose Value