Changes to model portfolios

• Addition of the Fidelity^® VIP Investment Grade Bond Portfolio fund into the Conservative Growth, Moderate Growth and Growth & Income model portfolios
• Removal of the PIMCO VIT International Bond from model portfolios
• Rebalancing of the Lord Abbett Series Bond-Debenture Portfolio fund within the model portfolios

Transition rules

For new business:

• If a Model Portfolio is selected in the Digital Life Platform, the underlying individual subaccounts and percentages are pre-populated for the Financial Advisor.
• If a Model Portfolio is selected on or before April 30, 2025, the pre-populated underlying subaccounts and percentages will reflect the old version of the model portfolio.
• If a Model Portfolio is selected on or after May 1, 2025, the pre-populated underlying subaccounts and percentages will reflect the new version of the model portfolio.
• If a Financial Advisor initially selects a Model Portfolio prior to May 1, 2025 and wishes to update subaccount selections on or after May 1, 2025, they may do so within the Digital Life Platform prior to the application being "Locked for Signatures."
• If a Financial Advisor wishes to make changes to subaccount selections after an application has been "Locked for Signatures." They may work with their Distribution Partner to update the selections via a Midstream Change prior to policy issue.

For in-force business:

• Existing policyholders can, at any time, notify us and change their asset allocations to match those of the new model portfolios.

If you have any questions, please contact your Protective Life representative.