SecurePay Reserve is a powerful income deferral feature that allows clients to take less than their annual withdrawal amount and access those delayed funds in the future — to use when and how they see fit.
Give clients the flexibility and liquidity they need in retirement
Unlike most solutions, Protective® Aspirations variable annuity and its lifetime income benefits offer a built-in annual withdrawal amount (AWA) deferral feature. SecurePay Reserve allows clients to:
- Defer funds in years they don't need them — up to 3x their AWA
- Access reserved funds without restrictions and still take their full AWA
- Tap into options that help them maximize their overall income
See how it could work for your client.
Reserved funds can be used when and how you and your client see fit
Explore scenarios where you can help a client secure strong guaranteed income, then strategically defer and access those funds for future needs using SecurePay Reserve.
Liquidity for real life retirement
Delay and maximize Social Security income
Manage required minimum distributions (RMDs)
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.5597819.04.24
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.5597819.04.24