MD
● Active
Maximum Daily Value Death Benefit
Protective Life Insurance Company
DTCC ID
—
COMPANY
Protective Life Insurance Company
INCEPTION
May 01, 2025
CLOSED
—
Identity
Benefit name
Maximum Daily Value Death Benefit
Internal benefit name
Maximum Daily Value Death Benefit
Status
● Active
Inception date
01 May 2025
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 quarterly contract value calculated on each contract quarterly anniversary, prior to owner's 83rd 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.