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Variable annuities from Protective have been designed to help you grow and protect your retirement income.
Variable annuities offer many advantages for retirement savers, including the potential for earnings that are higher than other types of annuities; although, this comes with increased risk. Variable annuities are typically purchased to pay out in the future giving the investment options in the annuity the chance to grow tax-deferred.
A variable annuity can be purchased with a one-time payment or with a series of payments based on your need and terms of the annuity contract.
Earnings in a variable annuity are based on performance of investment subaccounts that range from stocks and bonds to equity and money market funds.
Variable annuities offer the option to select a guaranteed death benefit, for an additional cost, to ensure your beneficiaries will have a minimum payout even if the annuity loses value.
A variable annuity can grow your retirement savings tax-deferred. You’ll pay taxes when you receive the money as income.
As with other annuities, you can typically structure payments to guarantee you won’t outlive this income stream.
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At Protective, we offer ways to grow and save for retirement income while addressing the potential for losses during down markets.
Protective Life offers a wide variety of annuities to meet your needs. To learn more about available annuity options, call 1-800-833-8991. For more information on annuities, visit our learning center.
Variable annuities are a type of deferred annuity, which means that the money invested is intended to grow for a while before it begins to provide any payout. While they offer the potential for greater earnings compared to other types of annuities, variable annuities also come with greater investment risk. So investors need to understand their goals and risk tolerance as they decide whether a variable annuity is right for them.
Need more info about annuities? We can help.
Choosing an annuity is easier when you know what to look for.
Make sure you understand how you can fund an annuity.
As you determine what annuity might be right for you, remember they are intended as vehicles for long-term retirement planning, which is why withdrawals reduce an annuity’s remaining death benefit, contract value, cash surrender value and future earnings. Withdrawals from annuities may also be subject to income tax and, if taken prior to age 59 ½, an additional 10% IRS tax penalty may apply. Because Protective and its representatives do not offer legal or tax advice, it is important that you talk with your own legal and tax advisor about your specific tax situation.
Variable annuities are considered securities contracts and are regulated by federal securities laws and must be sold with a prospectus.
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 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 800.265.1545
Variable annuities issued by Protective Life Insurance Company (PLICO) in all states except New York and in New York by Protective Life & Annuity Insurance Company (PLAICO). Securities offered by Investment Distributors, Inc. (IDI). All companies located in Birmingham, AL. IDI is the principal underwriter for registered insurance products issued by PLICO and PLAICO, its affiliates.
All payments and guarantees are subject to the claims-paying ability of the issuing insurance company.
Annuities are not a deposit, not insured by any federal government agency, carry no bank or credit union guarantee, are not FDIC/NCUA insured and may lose value.