Protective Income Builder Indexed Annuity
Develop a flexible plan that’s conducive to change Whether you’re preparing for or living in retirement, you know that life is bound to change. The Guaranteed Income Benefit includes a variety of options to help you develop a flexible plan that adjusts with your needs. When you’re ready, you can decide how and when to receive payments with the choice of two options that will generate lifetime income: a level income option and a rising income option. Each option bases your annual income amount on the value of the benefit base at that time but works a little differently: Level Income option The Level Income option guarantees you a specific annual income payment for life. This option starts out with a higher income amount than the rising income option but since your income does not change over time, it provides lower income amounts later in life than the rising income option.
You decide to take income here.
You purchase your contract here.
Income remains level and continues for your lifetime.
Time
Benefit base
Lock-in income amount
Contract value
Income amount
These charts are hypothetical and intended solely to demonstrate the continuance of guaranteed annual withdrawals when the annuity’s contract value falls to zero. It is not indicative of the performance of any indexed annuity, and does not reflect any actual account values. It assumes no appreciation in contract value, and no additional/excess withdrawals other than the guaranteed annual withdrawal amount.
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