Protective Makes Enhancements to Its Protective® Aspirations Variable Annuity
Enhancements include new advance payout options, nursing home withdrawal rate cap increase and new maximum daily value death benefit
“Our latest enhancements are a testament to our commitment to design products that fit the modern consumer’s lifestyle and expectations. Protective Aspirations variable annuity aims to provide maximum income and flexibility for our clients,” said
Product enhancements include:
- New advance payout options added to the SecurePay ProtectorSM benefit: In addition to SecurePay Protector’s standard, guaranteed lifetime income payout option, 3-, 5-, 8- and 10-year advance payout options are now offered to provide more choice and control to when customers can begin receiving income.
- SecurePay NH withdrawal rate cap increased to 15%: The SecurePay NH benefit, a nursing home enhancement available with both income benefits in Protective Aspirations variable annuity, has been improved from 10%, now providing up to a 15% withdrawal rate.
- New Maximum Daily Value death benefit: Available up to age 77, the new Maximum Daily Value death benefit provides the greater of contract value, premiums less withdrawals, or the greatest daily value up to the deceased owner’s 83rd birthday.
Customers and financial professionals can learn more about Protective® Aspirations variable annuity and the newly launched enhancements by visiting https://finpro.protective.com/retirement/variable-annuities/protective-aspirations.
Protective Aspirations variable annuity is issued by
Variable annuities are offered by
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.
About Protective
Protective has helped people achieve protection and security in their lives for 117 years. Through its subsidiaries, Protective offers life insurance, annuity and asset protection solutions and is helping more than 14.4 million people protect what matters most. Protective’s approximately 3,600 employees put people first and deliver on the company’s promises to customers, partners, colleagues and communities - because we’re all protectors. With a long-term focus, financial stability and commitment to doing the right thing,
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