Protective launches variable annuity with deferral options

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.
JUL 12, 2022

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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