On May 1, Protective Life launched a new low-fee model portfolio within our Protective® Strategic Objectives VUL, specifically designed to generate income for retirement.
The Growth model is specifically focused on accruing income for retirement, sometimes known as Life Insurance in Retirement Planning (LIRP). With allocations that promote accelerated growth (75% equity subaccounts / 25% fixed income subaccounts), clients can accumulate cash value – tax-deferred – that could, one day be used to supplement retirement income.
The model’s overall average fund fee of 0.65% also allows client expense costs to remain reasonable and continue driving cash value into the policy. Most importantly, Strategic Objectives VUL’s tax-free death benefit protects clients and their families should the unexpected occur.
With the new Growth model, Strategic Objectives VUL may be a compelling solution for clients who simply want to supplement their retirement income, or who may want to shift additional assets into a tax-advantaged solution designed to provide both protection and income. The new Growth model is now available within the ELI and WinFlex illustration systems.
For more information about our Growth model portfolio, Strategic Objectives VUL or to run an illustration, please contact your Protective Life representative.
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