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SecurePay Income%%SM%% optional lifetime income benefit

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:
Protected income for life
Increase their retirement confidence with a guaranteed income stream and advance payout options for evolving income needs.
RightTime feature
Offer clients this no-cost choice to wait and decide to add optional lifetime income benefits later.¹
Enhanced nursing home benefits
Ensure extra flexibility with SecurePay NH enhancement, designed to help meet nursing home expenses if the unexpected happens.²
Investment opportunities and guaranteed 7% annual growth rate
Guaranteed annual growth of the benefit base with a 7% compounding interest roll-up for at least 10 contract years.
Financial planner showing a client how to secure her retirement goals with SecurePay Income
Consider for a client who:
  • Wants to guarantee an income stream.
  • Is interested in enhancing their income potential by locking in market gains.
  • Prioritizes preparing for the unexpected, such as require nursing home care.
Nursing home residents gather for coffee with an assistant, glad that they prepared for the unexpected with SecurePay NH.
Explore the built-in SecurePay NH%%SM%% benefit available with SecurePay Income
Included with the SecurePay Income benefit, this nursing home enhancement allows eligible clients to double their annual withdrawal percentage to a maximum of 15% for up to five years should they become confined to a nursing home. Learn more about how the SecurePay NH benefit can provide another layer of protection if plans change.¹

Helpful Resources on SecurePay Income benefit

Want to learn more about how SecurePay Income benefit works? Download these helpful resources.
Cover of SecurePay Income guide.
Help clients learn about the benefits of SecurePay Income
Cover of SecurePay Income flyer.
Provide clients with a quick overview
Cover of SecurePay NH flyer.
Help clients learn how to prepare for the unexpected
Cover of SecurePay NH guide.
Show clients how the SecurePay NH benefit works

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We’re here for you

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.
¹ Subject to rider availability.

² If the sole covered person (or both covered persons) is confined to a Nursing Home, the current withdrawal rate will double, not to exceed 15% of the benefit base for up to 5 years. If only one of the two covered persons is confined to a Nursing Home, we will multiply the withdrawal rate by 125%, not to exceed 15% of the benefit base for up to 5 years. In California, the withdrawal rate under SecurePay NH has a maximum of 10%, and no enhanced benefit is available if joint coverage is elected and only one covered person is confined to a nursing home. To qualify for SecurePay NH, the client must: Be confined to a qualified nursing care facility; be unable to perform two out of six specific Activities of Daily Living or be diagnosed with a severe cognitive impairment; have not been in a nursing home one year before and after purchasing an optional protective lifetime income benefit. Proof of continued qualification is required for each contract year in which this benefit is claimed.

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.

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.

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