RO
● Active
Return of Purchase Payments Death Benefit
Protective Life Insurance Company
DTCC ID
—
COMPANY
Protective Life Insurance Company
INCEPTION
Dec 21, 2022
CLOSED
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Identity
Benefit name
Return of Purchase Payments Death Benefit
Internal benefit name
Return of Purchase Payments Death Benefit
Status
● Active
Inception date
21 Dec 2022
Closed date
—
Description & Notes
Benefit description
Available during accumulation phase as Return of Purchase Payment Death Benefit. Upon death of owner, benefit will be greater of - 1) contract value, or 2) total purchase payments adjusted for withdrawals. Benefit will never be more than the Contract Value plus $1,000,000. No fee will be charged for ROPDB, if ROPDB value will be less than the Contract value DB value.