SecurePay Reserve Feature

SecurePay ReserveSM Feature O昀昀er clients an adjustable income solution Make 昀氀exibility a driving force behind your clients’ retirement aspirations using the unique capabilities of our SecurePay ® Reserve feature. The SecurePay Reserve feature is included with the Protective Aspirations variable annuity optional SM SM protected lifetime income bene昀椀ts — SecurePay Protector and SecurePay Investor . The SecurePay Reserve feature can help support: Clients can adjust their income on their terms with the option to defer Income 昀氀exibility 1 withdrawals for later use. Control of During years when clients don't need their guaranteed income, they can defer their payments. This allows their investments the opportunity to continue taxable income growing tax deferred and reduces their overall taxable income. Clients can defer some or all of their annual withdrawal amount to build an income reserve for their future. This can give clients income 昀氀exibility in times An income reserve when they may need more to cover unplanned expenses. How the SecurePay Reserve feature works Rollover Defer Activate In the following year(s), your clients Once your clients begin taking Your clients can defer up to a can take all or a portion of their income*, they may withdraw the maximum of three times their reserved amount until it is depleted. full annual withdrawal amount current annual withdrawal amount. from their contract each year. Once depleted, they may again When they’re ready to access their activate the SecurePay Reserve Or they may choose to take a balance, they can withdraw up to feature to continue to defer smaller amount and utilize the the entire amount, plus the annual payments SecurePay Reserve feature, which withdrawal amount available in the allows your clients to rollover the current year. di昀昀erence into subsequent years. *Applies to income bene昀椀t payments, not contract annuitization. Contact your Protective representative at 888-340-3428 to discuss adjustable income opportunities. Visit us online at 昀椀npro.protective.com. See the SecurePay Reserve feature in action.  Protective refers to Protective Life Insurance Company. For Financial Professional Use Only. Not for Use With Consumers.

SecurePay Reserve Feature See it in Jane, a 65-year-old female purchased a Protective Aspirations variable annuity and elects an optional action protected lifetime income bene昀椀t. Here‘s how she used the SecurePay Reserve feature to support her income needs in retirement: Actual amount withdrawn 5 Jane needs a new roof. To pay the cost, she withdraws the full Her reserve amount reaches the maximum value 4 Annual withdrawal amount (AWA) reserve amount and also takes (3X her AWA of $30,000). Reserve amount her $10,000 current year’s bene昀椀t for $40,000 total withdrawal. She takes a $10,000 withdrawal to help 3 $40,000 her grandkids with college expenses. 2 6 She gains another income Her reserve amount $30,000 is depleted. She source and decides to can start taking her defer her AWA. 1 $10,000 annual withdrawals or $20,000 Jane begins income with a defer funds. maximum $10,000 AWA. $10,000 $0 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79… Jane’s age This chart is hypothetical and for illustrative use only. It is intended solely to demonstrate the SecurePay Reserve feature assuming a $10,000 bene昀椀t. The chart is not intended to forecast, imply or guaranteed performance of any investment. Actual performance may vary. 1 Please refer to the Protective Aspirations Optional Protected Lifetime Income Bene昀椀ts Guide for full list of withdrawal rates. Once bene昀椀t withdrawals have begun, your client may take less than the annual withdrawal amount and reserve the remainder for later. The reserve can be no larger than: 1) 3x the annual withdrawal amount or 2) the current account value. Withdrawals are taken from the reserve 昀椀rst, then the annual withdrawal amount. ® Protective is a registered trademark of Protective Life Insurance Company. The Protective trademarks, logos and service marks are property of Protective Life Insurance Company and are protected by copyright, trademark, and/or other proprietary rights and laws. Protective refers to Protective Life Insurance Company (PLICO), Nashville TN, and its a昀케liates. Variable annuities are distributed by a昀케liate Investment Distributors, Inc. (IDI), a broker-dealer and the principal underwriter for registered products issued by PLICO. Protective Aspirations variable annuity is a 昀氀exible premium deferred variable and 昀椀xed annuity contract issued by PLICO in all states except New York under policy form series VDA-P-2006. SecurePay Protector bene昀椀t issued under rider form number VDA-P-6061. SecurePay Investor Bene昀椀t issued under rider form number VDA-P-6063. Policy form numbers, product availability and product features may vary by state. Product guarantees are subject to the claims-paying ability of PLICO. Variable annuities are long-term investments intended for retirement planning and involve market risk and the possible loss of principal. Investments in variable annuities are subject to fees and charges from the insurance company and the investment managers. Protective does not recommend or endorse any particular investment option and does not provide investment advice. Neither Protective nor its representatives o昀昀er legal or tax advice. Purchasers should consult their attorney or tax advisor regarding their individual situation. Withdrawals may be subject to income tax and, if taken prior to age 59½, an additional 10% IRS tax penalty may apply. More frequent withdrawals may reduce earnings more than annual withdrawals. During the withdrawal charge period, withdrawals in excess of the penalty-free amount may be subject to a withdrawal charge. Withdrawals reduce the annuity’s remaining death bene昀椀t, contract value, cash surrender value and future earnings. Investors should carefully consider the investment objectives, risks, charges and expenses of a variable annuity, any optional protected lifetime income bene昀椀t, and the underlying investment options before investing. This and other information is contained in the prospectuses for a variable annuity and its underlying investment options. Investors should read the prospectuses carefully before investing. Prospectuses may be obtained by contacting PLICO at (800) 456-6330. PABD.4454118 (01.23) Not FDIC/NCUA Insured Not Bank or Credit Union Guaranteed Not a Deposit Not Insured By Any Federal Government Agency May Lose Value For Financial Professional Use Only. Not for Use With Consumers. 昀椀npro.protective.com