MA
● Terminated
Maximum Anniversary Value Death Benefit
Protective Life Insurance Company
DTCC ID
—
COMPANY
Protective Life Insurance Company
INCEPTION
Dec 12, 2011
CLOSED
Dec 03, 2012
Identity
Benefit name
Maximum Anniversary Value Death Benefit
Internal benefit name
Maximum Anniversary Value Death Benefit
Status
● Terminated
Inception date
12 Dec 2011
Closed date
03 Dec 2012
Description & Notes
Benefit description
Available during accumulation phase. Upon death of owner, benefit will be greatest of - 1) contract value, 2) total purchase payments adjusted for withdrawals, or 3) Maximum Anniversary Value Death Benefit, which is calculated on each contract anniversary, prior to owner's 80th birthday, increased by purchase payments and reduced for withdrawals made after reset date. Maximum Anniversary Value Death Benefit will never be more than contract value plus $1,000,000.