Protective Indexed ChoiceSM UL | Product guide Where your premium goes Your premium Accumulated Withdrawals Policy death payment policy value and loans bene昀椀t Less a premium Less policy charges load charge and expenses Minus policy Cash value grows charges and based on the allocation expenses to pay made to the indexed for the policy and 昀椀xed accounts death bene昀椀t Each time you make a premium payment, Protective deducts a premium load to cover administration and sales charges. The remaining amount, or net premium, is then applied to your accumulated policy value, which is the sum of the 昀椀xed account and indexed account values. You can allocate your net premium to either the 昀椀xed account or indexed account, but any new premium amount allocated to the indexed account will be held in the 昀椀xed account until the 15th of the month on or following receipt of the payment. Policy charges are deducted monthly from the policy value. These charges are assessed by deducting the 昀椀xed account and each indexed segment in the indexed account in the same proportion that each bears to the total policy value. These include cost of insurance, administrative charge, expense charge, rider charges (if applicable), withdrawal charge (if applicable), policy debt (if applicable) and surrender charges (if applicable). Loans and withdrawals are available if you need to access your accumulated policy value after the 昀椀rst policy year. Keep in mind that withdrawals from an indexed segment will reduce the amount of interest earned in that segment. Your Protective Indexed Choice UL policy’s death bene昀椀t is paid to your bene昀椀ciaries upon your death. 8