To help clients solve retirement income needs over time, our Protective® Variable Annuity II B Series offers SecurePay 5, a protected lifetime income benefit for benefit base growth early on and guaranteed income later.
Why add SecurePay 5 benefit to Protective Variable Annuity II B Series?
Adding SecurePay 5 benefit to our Protective Variable Annuity II B Series combines enhanced benefit base growth with guarantees to ensure a protected lifetime income benefit that retirees won’t outlive and adjusts to their changing needs.
How SecurePay 5 delivers value to clients at various life stages
Available with our Protective Variable Annuity II B Series, SecurePay 5 offers guaranteed growth of the benefit base during pre-retirement, guaranteed annual withdrawals for life, and available enhanced benefits for additional care needs.
Investing with SecurePay 5 benefit
When SecurePay 5 benefit is added to a Protective Variable Annuity II B Series contract, clients have a choice of allocation options with guidelines to support the guarantees this benefit offers. Learn how clients are able to create a more tax-efficient and customizable retirement strategy.
Helpful resources
Want to learn more about how the SecurePay 5 benefit or nursing home enhancement can support your client's retirement strategies? Download these helpful resources.
Introduce clients to SecurePay 5 benefit
Introduce clients to SecurePay NH
Help clients see the benefits of SecurePay NH
Other related topics
Combine growth, income and legacy protection with Protective%%®%% Variable Annuity II B Series
Tailor legacy protection with Protective%%®%% Variable Annuity II B Series enhanced death benefits
Fund information and performance
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¹ If on a contract anniversary, the contract value is less than 50% of the current benefit base, the 5% guaranteed growth rate will be suspended during that contract year, and the benefit base will remain unchanged. The 5% guaranteed growth rate will continue to be available annually until 10 benefit base increases have occurred or until benefit withdrawals have begun, if earlier.
² Available with SecurePay NH. SecurePay NH may not be available in all states and may not be available with new contracts in the future.
Protective Variable Annuity II B Series 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 5 benefits provided under rider VDA-P-6035 and state variations thereof. 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 charges from the insurance company and the investment managers.
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. Withdrawals reduce the annuity's remaining death benefit, contract value, cash surrender value and future earnings.
Investors should carefully consider the investment objectives, risks, charges and expenses of a variable annuity, any optional protected lifetime 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 PLICO at 800-456-6330.
WEB.3088121.06.24
² Available with SecurePay NH. SecurePay NH may not be available in all states and may not be available with new contracts in the future.
Protective Variable Annuity II B Series 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 5 benefits provided under rider VDA-P-6035 and state variations thereof. 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 charges from the insurance company and the investment managers.
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. Withdrawals reduce the annuity's remaining death benefit, contract value, cash surrender value and future earnings.
Investors should carefully consider the investment objectives, risks, charges and expenses of a variable annuity, any optional protected lifetime 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 PLICO at 800-456-6330.
WEB.3088121.06.24