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Death benefit options with Protective%%®%% Aspirations variable annuity%%1%%

Adding an enhanced death benefit option to a Protective Aspirations variable annuity can give your clients flexibility and control to support efficient wealth transfer and help protect their legacy.

Death benefit options for ensuring a legacy

Clients can choose an option to help them reach their unique legacy goals.
Contract Value
Standard death benefit that is equal to the contract value, and available at no additional cost.
Return of Purchase Payments
Enhanced death benefit that returns the investment or contract value, whichever is greater at time of death, less withdrawals.
Maximum Anniversary Value
Enhanced death benefit that locks in market gains at each contract anniversary to increase the value of the death benefit, less any withdrawals.
Maximum Quarterly Value
Enhanced death benefit that captures market gains in the contract value and adds to the death benefit on a quarterly basis, less any withdrawals.

Not available in New York.
Maximum Daily Value
Enhanced death benefit that locks market gains into the contract value on a daily basis to increase the death benefit, less any withdrawals.

Not available in New York.

See how our enhanced options work to support specific legacy needs

With Protective Aspirations variable annuity’s enhanced death benefit options, it's simple to tailor a legacy strategy to each client's situation.

Maximum Daily Value death benefit

The Maximum Daily Value death benefit option allows clients the opportunity to lock in death benefit increases each day, making it possible to take more timely and precise advantage of market gains. Once locked in, the death benefit will never fall below the highest daily lock-in amount, even if the contract value decreases due to investment performance. This benefit is available from ages 0-77 and costs 0.5% (annualized). The maximum daily value can be locked in daily prior to age 83.

Not available in New York.
Graph shows death benefit's contract value increasing on a daily basis when the market experiences gains.

Maximum Quarterly Value death benefit

Provide additional opportunities to capture quarterly market gains by locking in any additional contract value on each quarterly anniversary. Once locked in, the amount will never decrease due to investment performance, ensuring a stable or growing death benefit for loved ones. This benefit is available from ages 0-77 and costs 0.4% (annualized). The maximum quarterly value can be locked in quarterly prior to age 83.

Not available in New York.
Graph shows death benefit's contract value increasing on a quarterly basis when the market experiences gains.

Maximum Anniversary Value death benefit

Take advantage of market gains on an annual basis with opportunities to lock in any additional contract value on each contract anniversary. Once locked in, the amount never falls below the highest anniversary lock-in amount, even if the contract value decreases due to investment performance. This benefit is available from ages 0-77 and costs 0.35% (annualized). The maximum anniversary value can be locked in each anniversary prior to age 83.
Graph shows death benefit's contract value increasing on an annual basis when the market experiences gains.

Return of Purchase Payments death benefit

With our Return of Purchase Payments death benefit, should your client pass away before starting annuity income payments, their beneficiaries will receive the greater of the contract value or total investment in the variable annuity, less an adjustment for each prior withdrawal. This benefit is available from ages 0-85 and costs 0.2% (annualized).
Graph shows death benefit not decreasing below total purchase payments due to market performance.

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1In New York, the product offered is the Protective® Aspirations NY variable annuity.

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. 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.

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 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.

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