Protective Life Corp. has introduced an annuity that includes annual rewards for holders who keep their annuities after the eighth contract anniversary.[@@]
The ProtectiveRewards B2A variable annuity contract carries an annual mortality and expense risk charge of 0.95%.
The contract’s Persistency Reward feature will add an annual reward equal to 0.40% of the total annuity value starting on the eighth contract anniversary and every anniversary thereafter, Protective Life says.