Protective launches variable annuity with deferral options
The product, which has been branded Protective Aspirations, allows holders to maximize either retirement income or growth potential.
Protective Life Insurance has launched a variable annuity offering two optional benefits that allow the holder to maximize either their retirement income or investment growth potential.
“Both living benefits also include a feature that allows the customer to defer a portion of their annual withdrawal amount for use at a later time,” the Birmingham-based insurer said in a press release.
The product has been branded Protective Aspirations.
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