Updates effective May 1, 2025

• The Buffered Growth & Income model portfolio and the Invesco^® V.I. Defined Outcome Funds will no longer be available for new business.
• The remaining model portfolios will be rebalanced with several new fund allocations to help preserve each model portfolio's objective and better meet client needs.

Changes to model portfolios

• Addition of the Fidelity^® VIP Investment Grade Bond Portfolio fund to the Conservative Growth, Moderate Growth and Growth & Income model portfolios
• Removal of the PIMCO VIT International Bond from model portfolios
• Rebalancing of the Lord Abbett Series Bond-Debenture Portfolio fund within the model portfolios

Transition rules

For new paper and ticket business:

• Applications signed on or before April 30, 2025 will receive the old version of the model portfolios.
• Applications signed on or after May 1, 2025 will receive the new version of the model portfolios.
• If the new version of the model portfolio is wanted on an application that is signed on April 30, 2025 or prior, an amendment will be required with an owner signature on delivery.

For in-force business:

• Existing policyholders can, at any time, notify Protective and change their asset allocations to match those of the new model portfolios.

If you have any questions, please contact your Protective Life representative.