When clients add SecurePay Protector optional income benefit1 to their Protective® Aspirations variable annuity,2 they get access to guaranteed lifetime income and benefit base growth, regardless of market performance.
Why add SecurePay Protector benefit to Protective Aspirations variable annuity?
This optional benefit helps clients maximize and protect retirement income with:
Use our tool below to see how compounding growth and competitive features work to deliver strong guaranteed income.
Please contact the Annuity Sales Desk for Protective® Aspirations NY variable annuity illustrations.
Discover the built-in features available with SecurePay Protector benefit
Offer clients even more flexibility and security in retirement with these included features.
Investing with the SecurePay Protector benefit
To feel confident about their overall retirement strategy, client's need an income strategy that works with their investment preferences. When clients add this benefit to their Protective Aspirations variable annuity, they’ll still have access to diverse, high-quality investment options. See how this flexibility can help you tailor tax-deferred, growth strategies to your clients' needs.
Helpful resources
Want to learn more about Protective Aspirations variable annuity, or have clients in mind whose retirement plans could be enhanced by this solution? Download these helpful resources.
Introduce SecurePay Protector optional lifetime income benefit to clients
Share key facts and figures behind SecurePay Protector's strength with clients
Show how the SecurePay Reserve feature works
Show clients this solution’s potential performance
Introduce SecurePay Protector optional lifetime income benefit to NY clients
Share key facts and figures behind SecurePay Protector's strength with NY clients
Other related topics
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¹ SecurePay Protector is available at issue for 1.5% (1.6% with RightTime) of the benefit base annually.
² In New York, the product offered is the Protective® Aspirations NY variable annuity.
³ The 7% guaranteed growth rate will continue to be available annually until 10 benefit base increases have occurred or until benefit withdrawals have begun, if earlier.
4 If contract value falls to zero due to excess withdrawals the optional income benefit will terminate and payments will end. If your contract value is reduced to zero due to benefit withdrawals, your contract will be annuitized and you will begin receiving monthly income payments in an amount equal to your last Annual Withdrawal Amount, divided by 12.
5 SecurePay NH nursing home enhancement may not be available in all states and may not be available with new contracts in the future. State variations may apply. To qualify for SecurePay NH, the client must: Be confined to a qualified nursing care facility; 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.
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 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.
Protective Aspirations NY variable annuity is a flexible premium deferred variable annuity contract issued by PLAIC in New York under policy form series NY-VDA-A-2024. SecurePay Investor benefits is issued under rider form number – NY-VDA-A-6075. SecurePay Protector benefits is provided by rider form number – NY-VDA-A-6073.
Protective does not offer or provide investment, fiduciary, financial, legal or tax advice or act in a fiduciary capacity for any client. Please consult with your investment advisor, attorney or tax advisor as needed.
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.
Investors should carefully consider the investment objectives, risks, charges and expenses of a variable annuity, any optional protected 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 Protective at 800‐ 456‐6330.
WEB.3316073.11.24
² In New York, the product offered is the Protective® Aspirations NY variable annuity.
³ The 7% guaranteed growth rate will continue to be available annually until 10 benefit base increases have occurred or until benefit withdrawals have begun, if earlier.
4 If contract value falls to zero due to excess withdrawals the optional income benefit will terminate and payments will end. If your contract value is reduced to zero due to benefit withdrawals, your contract will be annuitized and you will begin receiving monthly income payments in an amount equal to your last Annual Withdrawal Amount, divided by 12.
5 SecurePay NH nursing home enhancement may not be available in all states and may not be available with new contracts in the future. State variations may apply. To qualify for SecurePay NH, the client must: Be confined to a qualified nursing care facility; 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.
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 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.
Protective Aspirations NY variable annuity is a flexible premium deferred variable annuity contract issued by PLAIC in New York under policy form series NY-VDA-A-2024. SecurePay Investor benefits is issued under rider form number – NY-VDA-A-6075. SecurePay Protector benefits is provided by rider form number – NY-VDA-A-6073.
Protective does not offer or provide investment, fiduciary, financial, legal or tax advice or act in a fiduciary capacity for any client. Please consult with your investment advisor, attorney or tax advisor as needed.
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.
Investors should carefully consider the investment objectives, risks, charges and expenses of a variable annuity, any optional protected 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 Protective at 800‐ 456‐6330.
WEB.3316073.11.24
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