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 Here‘s how she used the SecurePay Reserve feature to support her income needs in retirement: Actual amount withdrawn 5 Jane needs a new roof.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