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Offer clients more control with Protective%%®%% Income Provider

Life insurance is important but what about income loss? With the Protective Income Provider option, clients decide how and when their life insurance policy’s death benefit is paid.

Payments on the client’s terms

The Income Provider option allows clients to structure their death benefit payment in installments that are guaranteed in both the amount and duration. This can often do the job of a simple trust, but without the expense of attorney fees.
Structured death benefit payments
Clients can structure their death benefit payment into installments over time.
Amount and duration are guaranteed
Installments are guaranteed both in their amount and period of time.
Mitigates the need for a trust
Installments can often do the job of a trust without the expense of attorney fees.
Clients have the flexibility to choose:
  • Benefit period: Payments can be made from 1–30 years.
  • Payment type: Lump-sum payment, regular income stream or both.
  • Payment schedule: Monthly, annually or on a specific day (like birthdays or holidays).
  • Distribution: Multiple beneficiaries equally or divided at client’s discretion.
A couple reviewing the Protective® Income Provider option to determine when and how they want their insurance policy's death benefit to be paid.

Unique needs make the case for the Income Provider option

The Income Provider option allows you to help your clients address their specific needs by determining how their life insurance policy’s death benefit will be paid and on what terms. Let’s look at three use cases.
Peter, a single father and teacher, with two young children who is looking for an alternative to a trust.
Alternative to a trust
Peter, age 45, is a single father and teacher with two young children. He purchases a $600,000 Protective policy with the Income Provider Option and tailors it so his children’s guardian will get $15,000 per year on their birthdays for 20 years.
Caroline, a retired widow, who is looking to create a legacy for her grandchildren.
Create a legacy
Retired widow, Caroline, age 65, purchases a $250,000 Protective policy with the Income Provider Option and names her granddaughter the beneficiary. Upon Caroline’s death, she creates a legacy by sending her granddaughter $10,000 every year for 25 years.
Thomas, his wife Annie, thinking about how they can protect their family as they walk down the beach with their three children.
Provide family protection
Thomas and his wife, Annie, are 35 years old with 3 school-age children. He purchases a $750,000 Protective policy with the Income Provider Option. If Thomas dies, Annie or the children will get an initial lump sum of $150,000 for immediate expenses, then $2,500 monthly for 20 years.

Helpful resources for the Income Provider option

We want to help you decide if our Income Provider option is right for your clients. Use these resources to learn more about the product and support your client conversations.
Cover of the Protective® Income Provider Option consumer guide.
Income Provider Option Consumer Guide
A Financial Plan for Your Blended Family informational flyer.
A Financial Plan for Your Blended Family
Cover of the Protective® Income Provider Option FAQs.
Protective Income Provider Option: FAQs

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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 your clients deserve. Reach out to us anytime for questions and support, and we’ll get in touch with you as soon as possible.
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