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Protective%%®%% Strategic Objectives II VUL product updates

April 16, 2024


Protective Strategic Objectives II VUL has always offered strong protection and accumulation potential, thanks to quality investment options from top fund managers. Effective Wednesday, May 1, 2024, we will rebalance existing model portfolios with several new fund allocations. These changes will help us preserve each model portfolio's objective and better meet client needs.


Changes to existing model portfolios

Changes to our existing model portfolios include:

  • Introduction of the American Funds IS® Growth 1 fund into the model portfolios
  • Removal of the Fidelity® VIP Investment Grade Bond Portfolio Initial fund and the Franklin Growth & Income VIP 1 from the model portfolios
  • Rebalancing of the Vanguard VIF Capital Growth Portfolio, Goldman Sachs VIT Core Fixed Income Institutional, PIMCO International Bond (USD-Hdg) Institutional and Lord Abbett Series Bond-Debenture Portfolio funds within the model portfolios

In our Investment Options Guide, we will also move some of our investment options into new fund categories to better align with Morningstar category classifications, providing a valuable and trusted reference for more efficient fund selection.


Transition rules for new paper and ticket business

  • Applications signed on or before April 30, 2024 will receive the old version of the model portfolios.
  • Applications signed on or after May 1, 2024 will receive the new version of the model portfolios.
  • If the new version of the model portfolio is wanted on an application that is signed on or before April 30, 2024, an amendment will be required with an owner signature on delivery.
  • For in-force Protective Strategic Objectives II VUL business, existing policyholders can contact Protective Life at any time to change their existing asset allocations to match those of the new model portfolios.

For more information about Protective Strategic Objectives II VUL, or any of our other products, please contact your Protective representative.

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Variable universal life insurance policies issued by Protective Life Insurance Company (PLICO). Securities offered by Investment Distributors, Inc. (IDI), the principal underwriter for registered products issued by PLICO, its affiliate. PLICO is located in Nashville, TN; IDI is located in Birmingham, AL.

Variable universal life insurance involves the risks of investing in stocks, bonds and other securities; market, interest rate and credit risk; and, loss of principal. If the investment performance of underlying investments is poorer than expected (or if sufficient premiums are not paid), the policy may lapse or not accumulate sufficient value to fund the intended application.

Investments in variable universal life insurance policies are subject to fees and charges from both the insurance company and the managers of underlying investments. Loans and withdrawals may negatively impact policy value, investment performance, death benefit, and any Lapse Protection.

Variable universal life insurance policy issued under policy form number ICC20-V15S-PVC / VUL-15S-PVC 7-20 and state variations thereof. Product features and availability may vary by state.

Investors should carefully consider the investment objectives, risks, charges and expenses of Protective Strategic Objectives II Variable Universal Life insurance and its underlying investment options before investing. This and other information is contained in the prospectus for Protective Strategic Objectives II Variable Universal Life and its underlying investment options. Investors should read the prospectuses carefully before investing. Prospectuses may be obtained by contacting PLICO at 800-456-6330.

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