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May 27, 2005 at 08:00 PM
Protective Life Insurance Company has introduced the ProtectiveRewards B2A Variable Annuity contract.[@@]
The contract encourages customers to keep their annuities by paying an annual reward equal to 0.4% of the total annuity value on the eighth contract anniversary and on every following contract anniversary.
For customers who start with at least $250,000 in annuity assets, Protective Life will starting making the “Persistency Reward” payments on the first contract anniversary, according to Protective Life, Birmingham, Ala.
Another feature, a PayStream Plus Benefit, will provide a 2% bonus for annuity holders who start collecting income payments on or after the 10th contract anniversary.
