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Death benefit options available with Protective%%®%% Investors Benefit Advisory variable annuity

This fee-based variable annuity solution offers five death benefit options to help clients transfer wealth more efficiently to their loved ones.

5 death benefit options for ensuring a lasting legacy

Your clients can choose between a standard or enhanced death benefit option to help them reach their unique legacy planning goals.
Contract Value
Offers a benefit equal to the Contract Value, and available at no additional cost.
Return of Purchase Payments
Returns the total investment amount or Contract Value, whichever is greater at time of death, less withdrawals.
Maximum Anniversary Value*
Market gains can be locked in each contract anniversary to increase the value of the death benefit, less any withdrawals.
Maximum Quarterly Value*
Market gains can be captured in the Contract Value and added to the death benefit on a quarterly basis, less any withdrawals.
Maximum Daily Value*
Market gains can be locked in to the Contract Value on a daily basis to increase the death benefit, less any withdrawals.

See how our enhanced options work to support specific legacy needs

With Protective® Investors Benefit Advisory variable annuity’s four enhanced death benefit options1, 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 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. This benefit is available from ages 0 to 77 and costs 0.5% (annualized). The Maximum Daily Value can be locked in daily prior to age 83.
Graph shows death benefit's contract value increasing on a daily basis when the market experiences gains.

Maximum Quarterly Value death benefit

With the Maximum 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 to 77 and costs 0.4% (annualized). The Maximum Quarterly Value can be locked in quarterly prior to age 83.
Graph shows death benefit's contract value increasing on a daily basis when the market experiences gains.

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 if the Contract Value decreases due to investment performance. This benefit is available from ages 0 to 77 and costs 0.35% (annualized). The Maximum Anniversary Value can be locked in each anniversary prior to age 83.
Graph shows death benefit rising with annual market 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 to 85 and costs 0.2% (annualized).
Graph shows standard process for death benefit payout.

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Investing with the SecurePay Pro%%SM%% benefit
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*Not available in New York

1 The enhanced death benefits are available for an additional fee in lieu of the standard Contract Value death benefit. When a withdrawal is made, an adjustment is made to the death benefit in the same proportion to the amount withdrawn, reducing the contract value. The death benefit option must be selected when the contract is issued and it cannot be changed. If the variable annuity contract is annuitized, the death benefit is no longer payable. If the owner, or the annuitant if a non natural person is the owner, pass away during the annuitization payout phase, the beneficiary may receive additional guaranteed income payments, depending on which payout option is selected.

Protective does not offer or provide investment, fiduciary, financial, legal or tax advice or act in a fiduciary capacity for any client. Clients should consult with their investment advisor, attorney or tax advisor as needed.

Protective Investors Benefit Advisory is a flexible premium deferred variable and fixed annuity contract issued by PLICO in all states except New York under policy form VDA-P-2006. SecurePay Pro benefits are provided by 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 and fixed annuity contract issued by PLAIC in New York under policy form series VDA-A-2006-500. SecurePay Pro benefits provided under rider form number VDA-A-6057.

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.

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 calling PLICO or PLAIC at 800-456-6330.

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