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 protect their legacy.
Needs vary. Offer a more tailored strategy.
With three levels of enhanced protection, it's simple to tailor one of the death benefit options on a Protective Aspirations variable annuity to a client's specific situation.
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 0.20% (annualized).
Maximum Anniversary Value death benefit
Take advantage of market gains on an annual basis by locking in any additional contract value on each contract anniversary. Once locked in, the amount never falls below the highest anniversary lock-in amount, even when contract value decreases due to investment performance. This benefit is available from ages 0-77 and costs 0.35% (annualized).
Maximum Quarterly Value death benefit
With the Quarterly Value death benefit option, clients can lock in contract value increases more frequently, providing additional opportunities to capture market gains. 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 0.40% (annualized).
Introduce a solution for a lasting legacy
Adding an enhanced death benefit option to a Protective Aspirations variable annuity provides a quick and easy way to protect loved ones if the unexpected happens while working toward retirement goals. Learn more here and begin the conversation with your clients.
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Everyone deserves peace of mind when it comes to safeguarding what’s most important. We’re ready to help you deliver the protection and security your clients deserve. Reach out to us anytime for questions and support, and we’ll get in touch with you as soon as possible.
Return of Premium Death Benefit offered under rider form series VDA-P-6001BB. Maximum Anniversary Value Death Benefit offered under rider form series VDA-P-6002BB. Maximum Quarterly Value Death Benefit offered under rider form series VDA-P-6034BB. Policy form numbers, product availability and product features may vary by state. Variable annuities are distributed by Investment Distributors, Inc. (IDI), a broker-dealer and the principal underwriter for registered products issued by PLICO.