SecurePay Income benefit, an optional lifetime income benefit available with Protective® Dimensions V variable annuity, offers clients more security and opportunity to help meet their retirement income goals.
Why SecurePay Income benefit?
The SecurePay Income benefit helps add protection and security to clients' plans for retirement with:
Explore the built-in SecurePay NH%%SM%% feature%%3%% available with SecurePay Income benefit
This nursing home enhancement allows eligible clients to potentially double their annual withdrawal percentage to a maximum of 15% for up to 5 years if they become confined to a nursing home. Learn more about how the SecurePay NH benefit can provide another layer of protection if plans change.
Investing with SecurePay Income benefit
Adding the SecurePay Income benefit to Protective Dimensions V variable annuity gives clients enhanced growth opportunities through access to high-quality investment options. Help protect clients’ retirement goals with a tailored approach enabled by our multiple allocation options and shaped by guidelines to support guarantees.
Helpful Resources on SecurePay Income benefit
Want to learn more about how SecurePay Income benefit works? Download these helpful resources.
Other related topics
Unlock clients' full retirement potential with Protective%%®%% Dimensions V variable annuity
Help protect specific legacy goals with enhanced death benefit options
Focus on accumulation potential with Protective%%®%% Strategic Objectives II VUL
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1 When performance is less than 7%, 10 opportunities over 20 years or until benefit election, whichever occurs first.
2 If contract value falls to zero due to excess withdrawals the optional income benefit will terminate and payments will end. If contract value is reduced to zero due to benefit withdrawals, the contract will be annuitized and monthly income payments will begin in an amount equal to the last Annual Withdrawal Amount, divided by 12.
3 SecurePay NH may not be available in all states and may not be available with new contracts in the future. Please check with your financial professional for exact availability.
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 on rider form VDA-P-6093. SecurePay NH is provided under form series 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 charges from the insurance company and the investment managers.
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. Withdrawals reduce the annuity's remaining death benefit, contract value, cash surrender value and future earnings.
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 prospectus for a variable annuity and its underlying investment options. Investors should read the prospectus carefully before investing. Prospectuses may be obtained by contacting Protective at 800‐456‐6330.
WEB.3490465.09.25
2 If contract value falls to zero due to excess withdrawals the optional income benefit will terminate and payments will end. If contract value is reduced to zero due to benefit withdrawals, the contract will be annuitized and monthly income payments will begin in an amount equal to the last Annual Withdrawal Amount, divided by 12.
3 SecurePay NH may not be available in all states and may not be available with new contracts in the future. Please check with your financial professional for exact availability.
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 on rider form VDA-P-6093. SecurePay NH is provided under form series 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 charges from the insurance company and the investment managers.
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. Withdrawals reduce the annuity's remaining death benefit, contract value, cash surrender value and future earnings.
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 prospectus for a variable annuity and its underlying investment options. Investors should read the prospectus carefully before investing. Prospectuses may be obtained by contacting Protective at 800‐456‐6330.
WEB.3490465.09.25
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