Whether clients need protected retirement income, growth opportunities or flexibility for the unexpected, adding a lifetime income benefit to a variable annuity can help secure their goals.
Why add a lifetime income benefit to a variable annuity?
Explore our lifetime income benefit option
When added to a variable annuity, our income benefit offers protection, flexibility and growth opportunities to secure your clients’ retirement income goals.
SecurePay Income%%SM%% benefit maximizes income protection
Available with Protective® Dimensions V variable annuity, the SecurePay Income benefit¹ provides a protected income stream, strong investment growth opportunities and a built-in nursing home benefit.
Other related topics
Meet growth, income and legacy goals with variable annuities
Protect a legacy with enhanced death benefit options
Why guaranteed income supports your clients’ retirement confidence
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Everyone deserves peace of mind when it comes to safeguarding what’s most important. We’re ready to help you deliver the protection and security your clients deserve. Reach out to us anytime for questions and support, and we’ll get in touch with you as soon as possible.
¹SecurePay Income is an optional protected lifetime income benefit available at an additional cost of 1.50% with the Protective Dimensions variable annuity. SecurePay Income benefit has certain requirements and restrictions and is subject to state availability and will affect the underlying annuity contract features. For complete details, please see the product prospectus.
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 benefits issued on rider form VDA‐P‐ 6068. SecurePay Nursing Home benefits issued under form number IPV‐2159.Policy form numbers, product availability and product 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.
Neither Protective nor its representatives offer legal or tax advice. Purchasers should consult their attorney or tax advisor regarding their individual situation.
Investors should carefully consider the investment objectives, risks, charges and expenses of a variable annuity, any optional protected 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 PLICO at 800‐ 456‐6330.
WEB.4812212.04.23
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 benefits issued on rider form VDA‐P‐ 6068. SecurePay Nursing Home benefits issued under form number IPV‐2159.Policy form numbers, product availability and product 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.
Neither Protective nor its representatives offer legal or tax advice. Purchasers should consult their attorney or tax advisor regarding their individual situation.
Investors should carefully consider the investment objectives, risks, charges and expenses of a variable annuity, any optional protected 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 PLICO at 800‐ 456‐6330.
WEB.4812212.04.23