Protective Income Builder Indexed Annuity
Income with annuitization If you choose to annuitize your contract for retirement income payments, the following options are available for both single and joint life expectancy: • Lifetime income • Specific term (certain period) • Lifetime income with a specific term (certain period) • Lifetime income with a cash refund • Lifetime income with an installment refund (principal refund) Annuity income payments must begin before any owner or annuitant reaches age 95. Generally, you cannot alter the amount or frequency of your annuity payments, or surrender your contract, once the annuity payments have begun. Protection for loved ones To help protect your legacy, Protective Income Builder indexed annuity includes a death benefit at no additional cost. Should you pass away before starting your annuity income payments, as of the date Protective receives the proof of death, your beneficiaries will receive the greater of the following: • Contract value, or • Minimum surrender value
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