The SecurePay NHSM benefit is one of the few variable annuity features that can double guaranteed income — up to 15% — if a client qualifies for a nursing home stay, providing additional support in a time of need.1
SecurePay NH benefit increases guaranteed income when it’s needed most
See how SecurePay NH can help
At age 60, she makes a $100,000 initial purchase payment. At age 65, She retires and elects to begin income with an $8,415 annual payment. At age 70, she experiences a medical incident and elects to increase her annual payment after qualifying for the SecurePay NH benefit. She then receives $16,830 to help with expenses as she recovers over the next 5 years.
Help clients plan for rising healthcare costs and longer lives
With life expectancy rising3 and healthcare costs up 5.4% annually4, the SecurePay NH benefit helps clients prepare for the unexpected, offering increased income for up to 5 years and protection in a changing economic landscape.
Connect with our team
Have questions about Protective Aspirations variable annuity? Call us at 1-833-504-1826, option 1, to speak with a sales representative. Our wholesalers offer personalized support, product insight, and sales strategies to help you confidently serve clients and grow your business.
SecurePay NH not available in New York.
1 If the sole covered person (or both covered persons) is confined to a Nursing Home, the current withdrawal rate will double, not to exceed 15% of the benefit base for up to 5 years. If only one of the two covered persons is confined to a Nursing Home, we will multiply the withdrawal rate by 125%, not to exceed 15% of the benefit base for up to 5 years. In California, the withdrawal rate under SecurePay NH has a maximum of 10%, and no enhanced benefit is available if joint coverage is elected and only one covered person is confined to a nursing home.
2 This hypothetical illustration is for illustrative purposes only and is intended solely to demonstrate the features of the Protective Aspirations Variable Annuity with the SecurePay Protector lifetime income benefit. It should not be deemed a representation of past or future performance or a guarantee of future results. Rates of return may vary. Investments will fluctuate in value and may be worth more or less than their original cost when redeemed. Actual values may be higher or lower than those shown. Assumes a one-time $100,000 investment at age 60 with an income deferral of 5 years resulting in a single life withdrawal rate of 6% annually. Hypothetical 0% Gross Rate of Return resulting in a withdrawal benefit base of $140,255 under the terms of the SecurePay Protector benefit upon election at age 65. Once elected at age 70, the SecurePay NH rider resulted in a single life withdrawal rate of 12% for 5 years. Your financial professional can provide a full hypothetical illustration upon request for a more detailed description of the scenario depicted in this material.
3 Society of Actuaries and American Academy of Actuaries, Actuaries Longevity Illustrator, as of September 18, 2023.
4 Center for Medicare and Medicaid Services National Health Expenditures, June 2023.
*SecurePay NH nursing home enhancement may not be available in all states and may not be available with new contracts in the future. To qualify for SecurePay NH, the client must: be confined to a qualified nursing care facility for at least 90 days immediately preceding the application for the SecurePay NH benefit; be unable to perform two out of six specified Activities of Daily Living or be diagnosed with a severe cognitive impairment; have not been in a nursing home one year before and after purchasing an optional protected lifetime income benefit. Proof of continued qualification is required for each contract year in which this benefit is claimed. Otherwise, annual withdrawal amounts revert to the level attained prior to starting SecurePay NH withdrawals.
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 Protector benefits provided under rider VDA-P-6061 and state variations thereof. SecurePay Investor benefits provided under rider VDA-P-6063 and state variations thereof. SecurePay Nursing Home benefits issued under form number VDA-P-5072R, in all states except in California where 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 charges from the insurance company and the investment managers.
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. Withdrawals reduce the annuity's remaining death benefit, contract value, cash surrender value and future earnings.
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 prospectus for a variable annuity and its underlying investment options. Investors should read the prospectus carefully before investing. Prospectuses may be obtained by contacting PLICO at 800-456-6330.
WEB.5598026.06.25
1 If the sole covered person (or both covered persons) is confined to a Nursing Home, the current withdrawal rate will double, not to exceed 15% of the benefit base for up to 5 years. If only one of the two covered persons is confined to a Nursing Home, we will multiply the withdrawal rate by 125%, not to exceed 15% of the benefit base for up to 5 years. In California, the withdrawal rate under SecurePay NH has a maximum of 10%, and no enhanced benefit is available if joint coverage is elected and only one covered person is confined to a nursing home.
2 This hypothetical illustration is for illustrative purposes only and is intended solely to demonstrate the features of the Protective Aspirations Variable Annuity with the SecurePay Protector lifetime income benefit. It should not be deemed a representation of past or future performance or a guarantee of future results. Rates of return may vary. Investments will fluctuate in value and may be worth more or less than their original cost when redeemed. Actual values may be higher or lower than those shown. Assumes a one-time $100,000 investment at age 60 with an income deferral of 5 years resulting in a single life withdrawal rate of 6% annually. Hypothetical 0% Gross Rate of Return resulting in a withdrawal benefit base of $140,255 under the terms of the SecurePay Protector benefit upon election at age 65. Once elected at age 70, the SecurePay NH rider resulted in a single life withdrawal rate of 12% for 5 years. Your financial professional can provide a full hypothetical illustration upon request for a more detailed description of the scenario depicted in this material.
3 Society of Actuaries and American Academy of Actuaries, Actuaries Longevity Illustrator, as of September 18, 2023.
4 Center for Medicare and Medicaid Services National Health Expenditures, June 2023.
*SecurePay NH nursing home enhancement may not be available in all states and may not be available with new contracts in the future. To qualify for SecurePay NH, the client must: be confined to a qualified nursing care facility for at least 90 days immediately preceding the application for the SecurePay NH benefit; be unable to perform two out of six specified Activities of Daily Living or be diagnosed with a severe cognitive impairment; have not been in a nursing home one year before and after purchasing an optional protected lifetime income benefit. Proof of continued qualification is required for each contract year in which this benefit is claimed. Otherwise, annual withdrawal amounts revert to the level attained prior to starting SecurePay NH withdrawals.
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 Protector benefits provided under rider VDA-P-6061 and state variations thereof. SecurePay Investor benefits provided under rider VDA-P-6063 and state variations thereof. SecurePay Nursing Home benefits issued under form number VDA-P-5072R, in all states except in California where 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 charges from the insurance company and the investment managers.
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. Withdrawals reduce the annuity's remaining death benefit, contract value, cash surrender value and future earnings.
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 prospectus for a variable annuity and its underlying investment options. Investors should read the prospectus carefully before investing. Prospectuses may be obtained by contacting PLICO at 800-456-6330.
WEB.5598026.06.25
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