We're enhancing the funds for Protective® Dimensions IV Variable Annuity – see what's changing!
December 13, 2021
We're committed to quality investment practices and providing funds with strong performance, so we're excited to announce changes to the investment options available within Protective® Dimensions IV Variable Annuity.
Effective December 13, 2021, Protective Dimensions IV Variable Annuity will undergo the following changes:
Addition of new investment options and fund managers to optimize growth potential
To help clients take advantage of growth opportunities in the market, 36 funds, including options from new leading fund managers like AllianceBernstein and T.Rowe Price, will be added to the Protective Dimensions IV Variable Annuity. These additional funds will be available to new and existing contract holders:
- The added funds will be available to new contract holders with an application submission date on or after December 13, 2021.
- For existing contract holders, the new funds will be available on December 13, 2021.
Updates to the model portfolios
Like all the investment options available within our variable annuity portfolio, each new fund was carefully selected based on fund management experience, quality investment practices and strong performance. But we know that an expanded investment lineup could be overwhelming for clients seeking more turnkey options. That's why we're also updating the model portfolios, each of which offers diverse asset classes to support clients' growth goals based on their risk tolerance.
Removal of some investment options
As part of our most recent review of the investment options, we've made the decision to remove 22 funds from the Protective Dimensions IV Variable Annuity, effective December 13, 2021.
- Existing contract holders will retain access to these funds and can rebalance, reallocate, and deposit new premium into these funds, even if not currently allocated to them.
- The 22 removed funds will not be available to new contracts with an app signed date on or after December 13, 2021.
Please review the Investment Option Changes Summary for a full list of additions and removals.
For questions, please contact your Protective Annuity Wholesaling Team or contact the sales desk at 800-628-6390.
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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.
Variable annuities are issued by Protective Life Insurance Company (PLICO), located in Nashville, TN; securities offered by Investment Distributors, Inc. (IDI), the principal underwriter for registered products issued by PLICO, its affiliate. IDI is located in Birmingham, Alabama. Product guarantees are backed by the financial strength and claims-paying ability of by Protective Life Insurance Company.
Policy form numbers, product availability and product features may vary by state. Flexible premium deferred variable and fixed annuity contracts issued under policy form series VDA-P-2006.
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 are 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 at 800-456-6330.
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PABD.2994707.08.21