SecurePay FXi now offers higher income potential at every age
Protective® Dimensions IV variable annuity, with the optional SecurePay FXi protected lifetime income benefit, was designed to help clients feel more confident in achieving their retirement goals.
To make it an even more competitive solution for your clients' guaranteed income needs, we are transitioning from age-banded rates and increasing withdrawal percentages to offer higher income potential at every age.
The new rates will apply to new sales as of March 14, 2022:
TRANSITION RULES
- Tickets/Applications dated March 13, 2022, or earlier and received in good order will be issued with the current withdrawal rates:
- Cash/Applications/Any 1035 exchange paperwork related to these tickets/applications must be received no later than March 28, 2022 (10 business days from effective date).
- Previously submitted annuity tickets/applications that are awaiting funding from 1035 exchanges and/or Not In Good Order (NIGO) items will continue to be processed through existing procedures.
- Tickets/Applications for the Dimensions IV Variable Annuity dated March 14, 2022, and after will be accepted and issued with the new withdrawal rates.
Please refer to the chart on the next page for guaranteed maximum annual withdrawal percentages.
For questions about these changes, please contact your Protective representative or call 800-628-6390.
SecurePay FXi optional protected lifetime income benefit
Guaranteed maximum annual withdrawal percentages – effective March 14, 2022
(Younger covered person upon benefit election)
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
87
88
89
90+
4.25%
4.50%
4.75%
5.00%
5.30%
5.35%
5.40%
5.45%
5.50%
5.55%
5.60%
5.65%
5.70%
5.75%
5.80%
5.85%
5.90%
5.95%
6.00%
6.05%
6.10%
6.15%
6.55%
3.75%
4.00%
4.25%
4.50%
4.80%
4.85%
4.90%
4.95%
5.00%
5.05%
5.10%
5.15%
5.20%
5.25%
5.30%
5.35%
5.40%
5.45%
5.50%
5.55%
5.60%
5.65%
5.70%
5.75%
5.80%
5.85%
5.90%
5.95%
6.00%
6.05%
Although SecurePay FXi withdrawals can begin at age 59½, Edward Jones does not recommend starting them at least until the younger covered
person turns 60 to help maximize the amount of benefit withdrawals available.
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The Protective trademarks, logos and service marks are property of Protective Life Corporation and are protected by copyright, trademark, and/or other proprietary rights and laws.
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. The Protective Dimensions IV Variable Annuity is a flexible premium deferred variable and fixed annuity contract issued under policy form series VDA-P-2006. SecurePay FXi is provided under form series VDA-P-6046.
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.
PABD.3489233 (01.22)