Available with Protective® Aspirations variable annuity and the SecurePay ProtectorSM benefit, advance payout options offer flexibility to pivot a client's lifetime income as their needs change. The new options are in addition to the standard payout option that generates consistently strong income.
Customize your client's income with an advance payout option
Whether planning for active years in retirement or strategically deferring Social Security, the SecurePay Protector benefit can help you meet unique income needs. This video explains how advance payout options generate more income for the first 3, 5, 8 or 10 years — when clients typically need it — and then provide guaranteed lifetime income payments.
See how advance payout options bridge income gaps to maximize Social Security
Clients can receive higher benefit payments when they delay Social Security, but many don’t want to work until full retirement age. Explore these 2 case studies where an advance payout option provides higher income during bridge years so clients can maximize their benefit and still retire on their terms.
Maximize Social Security using the 3-year period
Maximize Social Security using the 8-year period
Explore the payout options and how they could work for your client
Our client-friendly guide provides full details on the SecurePay Protector lifetime income benefit and how the standard and advance payout options work.
Start offering a dynamic income solution designed for today's retirement
Call us at 888-340-3428 to schedule a meeting with your Protective representative.
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. SecurePay Nursing Home benefits issued under form number IPV-2159. 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.
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.
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 PLICO at 800-456-6330.
WEB.5597957.04.24
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.
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.
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 PLICO at 800-456-6330.
WEB.5597957.04.24