Protective Indexed ChoiceSM UL | Product guide Indexed segments An indexed segment is created when you allocate a premium payment to the indexed account. See how a segment works below. Day 15 Indexed segments begin on the 15th of the Indexed Your net account premium is month. You can have up to 12 segments at transferred any given time and each segment has its on the 15th own 12-month term. The interest credited to of the month your policy during each segment is directly related to the performance of the S&P 500 Index (excluding dividends). At the end of each segment year, interest is calculated and Indexed credited based on the growth in the S&P 500 segment Index during that period, subject to the created policy’s participation, cap and 昀氀oor rates. Although the indexed account can earn All indexed interest based on the positive performance segments mature 12 of the S&P 500, Protective Indexed Choice UL months after is not a security or investment so you are not Matured being created investing directly in the stock market. indexed segment Interest credited based on change in S&P 500 over Year 1 previous 12 months (excluding dividends and subject to cap and 昀氀oor rates) What is the S&P 500? Widely regarded as the best single gauge of the U.S. equities market, this world-renowned index includes 500 leading companies in key industries of the U.S. economy. With approximately 75% coverage of U.S. equities, the S&P 500 focuses on the large-cap segment of the market. However, it is also an ideal proxy for the total market. The S&P 500 belongs to a group of S&P U.S. indices that 2 can be used as portfolio building blocks. 2 Source: www.spdji.com 2