Your clients rely on you to protect their aspirations — and that includes helping ensure they won’t outlive their money. Explore how Protective® Aspirations variable annuity with the SecurePay ProtectorSM benefit1 delivers strong guaranteed income through compounding growth and competitive features.
Maximize a guaranteed income stream your clients can’t outlive
Clients can feel more confident when they have the income they need to maintain their lifestyle in retirement. This video shows how our solution offers strong guaranteed income for life thanks to a 7% compounding roll-up during deferral years, annual step-ups and competitive age-based withdrawal rates.
Deliver guaranteed income more efficiently than competitive solutions
Imagine you’re helping a 55-year-old client solve for a $15,000 annual retirement income gap. See how our income solution is designed to deliver the guaranteed income they’ll need at age 65 for a lower initial investment than other variable annuities.2
Product and rider
Protective® Aspirations variable annuity with the SecurePaySM Protector benefit
Carrier A variable annuity with guaranteed lifetime withdrawal benefit
Carrier B variable annuity with guaranteed lifetime withdrawal benefit
Carrier C variable annuity with guaranteed lifetime withdrawal benefit
Carrier D variable annuity with guaranteed lifetime withdrawal benefit
Initial investment
$127,087
$144,648
$153,689
$167,411
$168,067
Roll-up rate and guarantee perdiod
7% compounding for 10 years3
7% simple for 10 years, resets with a step-up
6% simple for 10 years, resets with a step-up
6% simple until lifetime income starts
7% simple for 10 years, resets with a step-up
Stack powerful features to maximize your client’s guaranteed income
You can make the power of compounding work in your client’s favor with Protective Aspirations variable annuity and the SecurePay Protector benefit. Explore how a guaranteed compounding roll-up, investment flexibility and market gain lock-ins work together to increase their income potential.
See how it delivers strong guaranteed income and adaptability for this client
This case study illustration shows how the SecurePay Protector benefit provides a client with strong guaranteed income in retirement, while the SecurePay Reserve feature allows them to defer withdrawals to use how and when they see fit.
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.
1 SecurePay Protector benefit is available for an additional 1.40% fee at issue (1.50% with RightTime) as a percentage of the benefit base.
2 The hypothetical scenarios are for illustrative purposes only and are not representative of the past or future investment 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 or withdrawals are taken prior to benefit election; 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 rollup until lifetime income is begun at age 65. 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 no guarantee of future results. These scenarios are based on information believed to be accurate as of 4/29/2024, 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 4/29/2024. The carriers selected represent the largest sellers of traditional individual variable annuities with guaranteed lifetime withdrawal benefits (LIMRA LOMA Q3 2022 US Individual Annuity Industry Sales Report). Products and riders selected represent those offering the highest level of guaranteed lifetime income with no decreases when the contract's cash value is depleted. All of the above insurers were rated by S&P with the lowest rated insurer receiving a rating of A (6th highest out of 21). To see Protective’s ratings visit https://www.protective.com/about-us/ratings. A rating is not a recommendation to purchase, sell, or hold insurance contracts.
3 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.
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.5597612.04.24
2 The hypothetical scenarios are for illustrative purposes only and are not representative of the past or future investment 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 or withdrawals are taken prior to benefit election; 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 rollup until lifetime income is begun at age 65. 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 no guarantee of future results. These scenarios are based on information believed to be accurate as of 4/29/2024, 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 4/29/2024. The carriers selected represent the largest sellers of traditional individual variable annuities with guaranteed lifetime withdrawal benefits (LIMRA LOMA Q3 2022 US Individual Annuity Industry Sales Report). Products and riders selected represent those offering the highest level of guaranteed lifetime income with no decreases when the contract's cash value is depleted. All of the above insurers were rated by S&P with the lowest rated insurer receiving a rating of A (6th highest out of 21). To see Protective’s ratings visit https://www.protective.com/about-us/ratings. A rating is not a recommendation to purchase, sell, or hold insurance contracts.
3 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.
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.5597612.04.24