1 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. Because all withdrawals reduce net premium, even penalty-free withdrawals reduce future income. Carefully consider the potential impact of any withdrawals from the contract on your future income needs.
2 Assumes all qualifications are met, including: confined to a qualified medical care facility for at least 30 consecutive days, or diagnosed with a terminally ill condition expected to result in death within 12 months. The Nursing Facility Confinement/Terminal Condition Waiver may not be available in all states, and state variations may apply.
3 Assumes all qualifications are met, including: employed on a full-time basis upon the contract effective date, unemployed at least 60 consecutive calendar days prior to claiming the waiver and unemployed on the date of the withdrawal. May not be available in all states, and state variations may apply.
Protective Income Creator fixed annuity is a fixed, single premium, deferred annuity contract with a limited market value adjustment issued by PLICO in all states, except New York, under contract form series LDA-P-2013. The Lifetime Income benefit is provided under rider form series LDA-P-6054 and state variations thereof. Policy form numbers, product availability, and product features may vary by state.
Protective Secure Saver fixed annuity is a fixed, limited flexible-premium deferred annuity issued by PLICO in all states except New York under policy form LDA-P-2012. Policy form numbers, product availability, and product features may vary by state.
Protective refers to Protective Life Insurance Company, founded in 1907, and its affiliated companies, including Protective Life and Annuity Insurance Company.
Protective® is a registered trademark of Protective Life Insurance Company. The Protective trademarks, logos, and service marks are property of Protective Life Insurance Company and are protected by trademark and/or other proprietary rights and laws.
Life insurance and annuity products are issued by Protective Life Insurance Company, Omaha, NE, in all states except New York, where products are issued by Protective Life and Annuity Insurance Company, Birmingham, AL. Protective Life Insurance Company does not solicit business in the state of New York, nor is it authorized to do so. Variable products are distributed by affiliated broker-dealer Investment Distributors, Inc., Birmingham, AL.
Guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. Product features, availability, and issuing companies may vary by jurisdiction.
Information provided on this website is for general informational and educational purposes only and is not intended as investment, tax, or legal advice, nor should it be considered as a recommendation, endorsement, or solicitation with respect to any product or strategy. Individuals should consult their own qualified advisors regarding their specific situation.
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Investment and Insurance products are: NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, A BANK OR CREDIT UNION | MAY GO DOWN IN VALUE | NOT FDIC/NCUA INSURED | NOT INSURED BY ANY FEDERAL AGENCY | NOT GUARANTEED BY ANY BANK OR SAVINGS ASSOCIATION
