Retirement age can be a moving target. Protective® Aspirations variable annuity with the SecurePay ProtectorSM benefit offers guaranteed, age-based withdrawal rates that helps clients protect and maximize their income if they retire earlier or later than expected.
Help clients retire on their terms with age-based withdrawal rates
Unlike banded approaches that plateau for several years, our age-based withdrawal rates help a client’s income strategy adjust when their retirement timeline changes. Watch this video to see why clients won’t be penalized with significantly lower income if they retire earlier than planned, or download the flyer.
See how single-age withdrawal rates help deliver more income than other industry leaders
Our competitive single-age withdrawal rates — combined with our compounding roll-up — help boost a client’s guaranteed income each year of deferral. See how these features work to deliver $68,048 more income over 30 years for a client’s initial investment of $100,000, issued at age 60, based on a single-life payout. Income initiated at age 69.
Protective® Aspirations Variable Annuity with SecurePay ProtectorSM benefit
Polaris Platinum® III Variable Annuity with Polaris Income MaxSM Income Option 3
Jackson® Perspective II® Variable Annuity with the 7% LifeGuard Freedom Flex® Income Stream MaxSM Option
Lincoln ChoicePlus AssuranceSM Variable Annuity with Lincoln ProtectedPay Secure CoreSM
Nationwide DestinationSM B 2.0 Variable Annuity with L.inc +SM Core
Roll-up rate and guarantee period
7% compounding for 10 years*
6% simple until lifetime income is activated
7% simple for 10 years, resets with a step-up
6% simple for 10 years, resets with a step-up
7% simple for 10 years, resets with a step-up
Start age 67
$9,795
$7,952
$7,823
$8,662
$9,089
Start age 68
$10,567
$8,288
$8,190
$9,028
$9,516
Start age 69
$11,398
$8,624
$8,558
$9,394
$9,943
*The initial benefit base is equal to adjusted purchase payments. Provided the account value is equal to at least 50% of the benefit base, the benefit base steps up on each contract anniversary to the greater of: current account value, less purchase payments made after the second anniversary; or most recently calculated benefit base compounded at 7% annually for a period of 10 years or until the election of SecurePay withdrawals (if earlier). Years in which the benefit base does not increase are not counted against the 10-year limit. Withdrawals taken prior to benefit election do not end the roll-up period, but they may reduce the benefit base, resulting in decreased benefit withdrawal amounts in future years.
The hypothetical scenarios in this material are for illustrative purposes only and are not representative of the past or future performance of any particular product. These hypothetical scenarios do not assume any return on contract value. Scenarios shown assume each guaranteed lifetime income benefit in its respective variable annuity is selected at issue, no subsequent investments are made, or withdrawal are taken; do not reflect any contract value appreciation resulting in a step-up to the benefit base; and each living benefit earns its stated benefit base roll-up until lifetime income begins at each of the stated ages displayed. These scenarios do not reflect the deduction of fees and charges inherent in investing in a variable annuity with an optional rider. Past performance is not a guarantee of future results. These scenarios are based on information believed to be accurate as of 1/26/2024, but is subject to change without notice. Data based on product specifications, including roll-up rates, guarantee periods and annual withdrawal rates gathered from carrier prospectuses and rate sheets filed with the SEC as of 1/26/2024. The carriers selected represent the largest sellers of traditional individual variable annuities with guaranteed lifetime withdrawal benefits (LIMRA LOMA Q3 2022 US Individual Annuity Sales Report). Products and riders selected represent those offering the highest level of guaranteed income with no decreases when the contract's cash value is depleted.
The hypothetical scenarios in this material are for illustrative purposes only and are not representative of the past or future performance of any particular product. These hypothetical scenarios do not assume any return on contract value. Scenarios shown assume each guaranteed lifetime income benefit in its respective variable annuity is selected at issue, no subsequent investments are made, or withdrawal are taken; do not reflect any contract value appreciation resulting in a step-up to the benefit base; and each living benefit earns its stated benefit base roll-up until lifetime income begins at each of the stated ages displayed. These scenarios do not reflect the deduction of fees and charges inherent in investing in a variable annuity with an optional rider. Past performance is not a guarantee of future results. These scenarios are based on information believed to be accurate as of 1/26/2024, but is subject to change without notice. Data based on product specifications, including roll-up rates, guarantee periods and annual withdrawal rates gathered from carrier prospectuses and rate sheets filed with the SEC as of 1/26/2024. The carriers selected represent the largest sellers of traditional individual variable annuities with guaranteed lifetime withdrawal benefits (LIMRA LOMA Q3 2022 US Individual Annuity Sales Report). Products and riders selected represent those offering the highest level of guaranteed income with no decreases when the contract's cash value is depleted.
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.5597681.04.24
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.5597681.04.24