MA
● Terminated
Maximum Anniversary Value Death Benefit
Protective Life and Annuity Insurance Company
DTCC ID
—
COMPANY
Protective Life and Annuity Insurance Company
INCEPTION
Jul 15, 2013
CLOSED
Aug 14, 2015
Identity
Benefit name
Maximum Anniversary Value Death Benefit
Internal benefit name
Maximum Anniversary Value Death Benefit
Status
● Terminated
Inception date
15 Jul 2013
Closed date
14 Aug 2015
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) highest contract value calculated on each contract anniversary, prior to owner's 80th birthday, increased by purchase payments and reduced for withdrawals made after reset date. Benefit base will never be more than contract value plus $1,000,000.