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Death benefit options with Protective%%®%% Dimensions V variable annuity

Protective® Dimensions V variable annuity features five death benefit options to give your clients the flexibility they need to meet their retirement goals.

Death benefit options for ensuring a legacy

Clients can choose an option to help them reach their unique legacy goals.
Contract Value
Standard death benefit that is equal to the contract value, and available at no additional cost.
Return of Purchase Payments
Enhanced death benefit that returns the investment or contract value, whichever is greater at time of death, less withdrawals.
Maximum Anniversary Value
Enhanced death benefit that locks in market gains upon each contract anniversary to increase the value of the death benefit, less any withdrawals.
Maximum Quarterly Value
Enhanced death benefit that locks in market gains on a quarterly basis to increase the value of the death benefit, less any withdrawals.
Maximum Daily Value
Enhanced death benefit that locks in market gains on a daily basis to increase the value of the death benefit, less any withdrawals.

See how our enhanced death benefits help meet your clients' unique legacy goals

Adding Protective Dimensions V enhanced death benefits to a customized investment strategy can help clients prepare for a future that's worth protecting.

Maximum Daily Value death benefit

The Maximum Daily Value death benefit option gives clients the opportunity to lock in death benefit increases each day, providing more ways to enhance legacy protection. Once locked in, the death benefit will never fall below the highest daily lock-in amount, even if the contract value decreases due to investment performance. This benefit is available from ages 0-77 and costs 0.50% (annualized). The maximum daily value can be locked in daily prior to age 83.
Graph shows death benefit's contract value increasing on a daily basis when the market experiences gains.

Maximum Quarterly Value death benefit

Provide additional opportunities to capture quarterly market gains by locking in any additional contract value on each quarterly anniversary. Once locked in, the amount will never decrease due to investment performance, ensuring a stable or growing death benefit for loved ones. This benefit is available from ages 0-77 and costs 0.4% (annualized). The maximum quarterly value can be locked in quarterly prior to age 83.
Graph shows death benefit's contract value increasing on a quarterly basis when the market experiences gains.

Maximum Anniversary Value death benefit

Take advantage of market gains on an annual basis with opportunities to lock in any additional contract value on each contract anniversary. Once locked in, the amount never falls below the highest anniversary lock-in amount, even if the contract value decreases due to investment performance. This benefit is available from ages 0-77 and costs 0.35% (annualized). The maximum anniversary value can be locked in each anniversary prior to age 83.
Graph shows death benefit's contract value increasing on an annual basis when the market experiences gains.

Return of Purchase Payments death benefit

With our Return of Purchase Payments death benefit, should your client pass away before starting annuity income payments, their beneficiaries will receive the greater of the contract value or total investment in the variable annuity, less an adjustment for each prior withdrawal. This benefit is available from ages 0-85 and costs 0.2% (annualized).
Graph shows death benefit not decreasing below total purchase payments due to market performance.
Parent protecting a child by holding his hand, much like an enhanced death benefit on a Protective annuity will protect his future.
Help clients enjoy what's ahead with more confidence and security
It's important for your clients to have a legacy benefit that supports their goals. Our death benefit options help your clients create the lasting legacy they and their beneficiaries deserve.

Our death benefits guide has all the details.
Download guide

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Welcome to Protective

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Your death benefit option must be selected when you apply for your contract and it cannot be changed after your contract is issued.

Protective Dimensions V variable annuity is a flexible premium deferred variable and fixed annuity contract issued by PLICO in all states except New York on policy form VDA-P-2006. SecurePay Income benefit is issued under rider form VDA-P-6093. SecurePay NH benefits issued under form number VDA-P-5072R, in all states except in California where issued under form number IPV-2159. Policy form numbers, product availability and features may vary by state.

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 changes from the insurance company and the investment managers.

Withdrawals reduce the annuity's remaining death benefit, contract value, cash surrender value and future earnings. Withdrawals may be subject to income tax and, if taken prior to age 59½, an additional 10% IRS tax penalty may apply. More frequent withdrawals may reduce earnings more than annual withdrawals. During the withdrawal charge period, withdrawals in excess of the penalty-free amount may be subject to a withdrawal charge.

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 Protective at 800-456-6330.

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