Adding an enhanced death benefit option¹ to a Protective variable annuity can give your clients flexibility and control to support efficient wealth transfer. While a standard death benefit helps protect their legacy, an enhanced death benefit option offers additional protection and growth opportunities for your clients' legacy plans.
Why add an enhanced death benefit option to a variable annuity?
Clients can reduce tax obligations for beneficiaries, benefit from a guaranteed step-up in the variable annuity's contract value, or create a life insurance alternative without medical underwriting.
Increase amount available to beneficiaries
Efficient transfer of wealth to beneficiaries
Removes the need for medical underwriting
Connect our enhanced death benefits to your clients' specific legacy goals
Explore enhanced death benefit options available with Protective variable annuities
With a choice of enhanced death benefits, our portfolio of variable annuities will help ensure you have everything you need to support and protect your clients' financial legacy.
Return of purchase payments
Maximum anniversary value
Maximum quarterly value*
Maximum daily value*
Other related topics
Explore lifetime income benefits available with a variable annuity
Investing with variable annuities and variable universal life
Legacy planning to protect what clients pass on
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1 The enhanced death benefit may be selected in lieu of the contract value death benefit for an additional fee. The death benefit cannot be changed after the Contract is issued. Should the owner pass away before starting annuity income payments, beneficiaries will receive the death benefit.
2 The Maximum Anniversary Value, the Maximum Quarterly value and the Maximum Daily value death benefits are enhanced options available for an additional cost.
3 In New York, the product offered is the Protective® Aspirations NY variable annuity.
4 In New York, the product offered is the Protective® Investors Benefit Advisory Variable Annuity NY.
* Not available in New York
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.
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 Investors Benefit Advisory 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 Pro benefits provided under rider form number VDA-P-6057. Policy form numbers, product availability and product features may vary by state.
Protective Investors Benefit Advisory Variable Annuity NY is a flexible premium deferred variable annuity contract issued by PLAIC in New York under policy form series VDAA-2006-500. SecurePay Pro benefits provided under rider form number VDA-A-6057.
Protective Investors Series 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. 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.
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.
Investors should carefully consider the investment objectives, risks, charges and expenses of a variable annuity, any optional protected lifetime income benefit, advisory fees, 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 or PLAIC at 800-456-6330.
WEB.4004521.12.24
2 The Maximum Anniversary Value, the Maximum Quarterly value and the Maximum Daily value death benefits are enhanced options available for an additional cost.
3 In New York, the product offered is the Protective® Aspirations NY variable annuity.
4 In New York, the product offered is the Protective® Investors Benefit Advisory Variable Annuity NY.
* Not available in New York
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.
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 Investors Benefit Advisory 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 Pro benefits provided under rider form number VDA-P-6057. Policy form numbers, product availability and product features may vary by state.
Protective Investors Benefit Advisory Variable Annuity NY is a flexible premium deferred variable annuity contract issued by PLAIC in New York under policy form series VDAA-2006-500. SecurePay Pro benefits provided under rider form number VDA-A-6057.
Protective Investors Series 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. 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.
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.
Investors should carefully consider the investment objectives, risks, charges and expenses of a variable annuity, any optional protected lifetime income benefit, advisory fees, 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 or PLAIC at 800-456-6330.
WEB.4004521.12.24