|[March 20, 2013]
Protective Life Insurance Company Introduces Protective Indexed Annuity
BIRMINGHAM, Ala. --(Business Wire)--
Life Insurance Company today announced the release of the Protective
Indexed Annuity. The annuity includes a range of withdrawal charge
schedules and three interest crediting strategies to help customers grow
contract value over time. It also has available principal protection.
"Less-than-favorable market conditions have consumers looking for low
risk investment options which offer better returns than are available in
some financial products," said Carolyn Johnson, chief operating officer
for Protective Life. "With its collection of unique features, the
Protective Indexed Annuity fills that need."
Along with a fixed interest crediting strategy, the Protective Indexed
Annuity offers two indexed interest crediting strategies, annual
point-to-point and annual tiered rate. The latter credits an
industry-unique interest rate enhancement when index performance meets
or exceeds a pre-determined performance tier.
The product also offers the flexibility to access contract value for
unforeseen circumstances, such as unemployment, terminal illness and
nursing home confinement.
"Consumers know they need to invest their money to protect their
financial tmorrow, but the low interest rate environment combined with
the risk associated with stock market investment have led them to
reconsider their choices," Johnson said. "The Protective Indexed Annuity
provides customers comfort by knowing that they are protected from the
downside, but given the opportunity for a higher rate of return, all
with an optional return of premium benefit."
Johnson continued, "This product is further proof that Protective is
focused on helping our customers protect their tomorrow so they can
Interested advisors/agents can contact Protective Life at 888.340.3428
or by email at email@example.com.
Consumers should talk with their agent for more information.
ABOUT PROTECTIVE LIFE INSURANCE COMPANY
Protective Life Insurance Company helps provide financial security
through innovative, valuable and affordable insurance and investment
products. For more than 100 years, the mission of the company has
remained alive in its name. Protective is committed to tearing down the
barriers that prevent people from enjoying the peace of mind and
satisfaction that come from taking care of their future financial needs
and the needs of those who depend on them. By enabling more people to
confidently protect their tomorrow, we provide them the freedom to
embrace their today. For more information about Protective Life
Insurance Company, a subsidiary of Protective Life Corporation (NYSE:
PL), visit www.protective.com.
Protective, and Protective Life refers to Protective Life Insurance
Company (PLICO) and its affiliates, including Protective Life & Annuity
Insurance Company (PLAICO). All companies located in Birmingham, AL.
All payments and guarantees are subject to the claims-paying ability of
the issuing insurance company. Neither Protective Life nor its
representatives offer legal or tax advice. Purchasers should consult
with their legal or tax advisor regarding their individual situations
before making any tax-related decisions.
Annuities are long-term insurance contracts intended for retirement
The Protective Indexed Annuity is not an investment in index, is not a
security or stock market investment, and does not participate in any
stock or equity investments. The Protective Indexed Annuity is a limited
flexible premium deferred indexed annuity contract issued by PLICO under
policy form series FIA-P-2007. Policy form numbers, product availability
and features may vary by state.
[ Back To Insurance Technology Homepage's Homepage ]