Protective Indexed ChoiceSM UL | Product guide Making your policy work for you Death bene昀椀t protection is one thing. But the cash value you earn with a Protective Indexed Choice UL policy can be there for future expenses or unexpected costs that arise. Loans and withdrawals You now know how your Protective Indexed Choice UL policy builds cash value by combining the total amounts in your 昀椀xed account and indexed account. Your policy’s cash value grows 4 on a tax-deferred basis, and you are not taxed until you withdraw funds. You can access your policy’s cash value any time after the 昀椀rst policy year through withdrawals or loans. Maybe you want to tap for college tuition, home renovations or supplemental retirement income. Or maybe for unexpected costs when life happens. Regardless, Protective Indexed Choice UL can help. Keep in mind loans and withdrawals can impact your policy. If you decide to fully surrender the policy during the 昀椀rst 19 years, there will be a charge that varies by age, gender and underwriting class. Interest will not be credited to partial indexed segment terms if you fully surrender your policy. Withdrawals from an indexed segment will also reduce the amount of interest earned in that segment. 5 Protective Indexed Choice UL o昀昀ers an overloan protection bene昀椀t as another layer of protection. It guarantees that your policy will not lapse and that the death bene昀椀t will be at least $10,000, as long as the policy has been in force at least 20 years, the insured is at least 65 years old and withdrawals have been taken in an amount equal to the total premiums paid. There are other conditions that must be met before activating this bene昀椀t and restrictions that apply once the bene昀椀t is invoked. Please see your policy and the endorsement for more detailed information. 4 Though interest is charged on loans, loans are generally not taxable, but withdrawals are taxable to the extent they exceed basis in the policy. Loans outstanding at policy lapse or surrender before the insured’s death will cause immediate taxation to the extent of gain in the policy. Unpaid loans and withdrawals reduce cash values and policy bene昀椀ts. The tax treatment of life insurance is subject to change. Neither Protective nor its representatives o昀昀er legal or tax advice. Please consult with your legal or tax advisors regarding your individual situation before making any tax-related decisions. 5 Not available in NY. 6