1 Your Benefit base (the amount on which your benefit withdrawals are determined) is guaranteed to increase by 10% of the total purchase payments every year for up to 10 years, or until benefit election, whichever occurs first.
2 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. The benefit base will decrease if withdrawals are taken prior to beginning Guaranteed Income Benefit withdrawals or if withdrawal amounts are greater than the allowable amount provided by Guaranteed Income Benefit.
3 Waives withdrawal charges and MVA for contract owners and/or spouses who qualify. Not available in all states. State variations may apply. Terms and conditions apply. See policy for details.
4 The contract value after each withdrawal must be at least $10,000. 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.
Protective Asset Builder II indexed annuity is a limited flexible-premium deferred indexed annuity contract issued by PLICO in all states except New York under policy form ICC20-FIA-P-2018. For Idaho, the contract form number is ICC15-FIA-P-2011. Policy form numbers, product availability, and product features may vary by state.
Protective Income Builder indexed annuity is a limited flexible-premium deferred indexed annuity contract with a limited market value adjustment issued by PLICO in all states except New York under policy form FIA-P-2010 and FIA-P-2011. For Idaho, the contract form number is ICC15-FIA-P-2011. Policy form numbers, product availability, and product features may vary by state.
Indexed annuities are not an investment in any index, is not a security or stock market investment, does not participate in any stock or equity investment, and does not contain dividends.
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
