MA
● Active
Maximum Anniversary Value Death Benefit
Protective Life Insurance Company
DTCC ID
—
COMPANY
Protective Life Insurance Company
INCEPTION
Oct 07, 2024
CLOSED
—
Identity
Benefit name
Maximum Anniversary Value Death Benefit
Internal benefit name
Maximum Anniversary Value Death Benefit
Status
● Active
Inception date
07 Oct 2024
Closed date
—
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 83rd birthday, increased by purchase payments and reduced for withdrawals. Benefit base will never be more than contract value plus $1,000,000.