Offer your clients a versatile way to help grow and safeguard their assets. This cost-effective variable annuity, designed for your fee-based business, provides a range of investment choices in one customizable solution.
Why Schwab Genesis Advisory Variable Annuity?
Investing with Schwab Genesis Advisory Variable Annuity
To remain focused on long-term growth goals, a client needs an investment approach that considers how they want to get there. With over 100 investment options in the lineup, you can align to each client's preferences. See how you can build a customized, tax-deferred growth strategy to help meet their goals.
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1 Mortality, expense and administration charges on the Schwab Genesis Advisory Variable Annuity are 0.25%, with an additional fee of 0.2% for the Return of Purchase Payments death benefit. Comparatively, according to an April 18, 2022, Morningstar survey of 2,344 non-group variable annuities, the industry average fee is 1.29%. This does not include fees associated with the guaranteed lifetime withdrawal benefit or underlying investments.
2 The SecurePay Life benefit fee of 1.1% is charged annually, as a percentage of the Benefit Base, deducted monthly; may increase at any time up to a maximum of 2% (2.2%, if added after issue under the RightTime option); and is paid for through the sale of units of the investment options, which reduces the annuity account value. The SecurePay Life benefit may not be canceled during the 10 years following its issue date. No additional Purchase Payments can be made two years or more after its issue date or on or after the date the election of guaranteed annual withdrawals under the SecurePay Life benefit, whichever comes first.
Schwab Genesis Advisory variable annuity is a flexible premium deferred variable and fixed annuity contract issued by PLICO in all states except New York under policy form series VDA-P-2006. SecurePay Life benefits provided by rider form number VDA-P-6057 Policy form numbers, product availability and product features may vary by state.
Variable annuities are long-term investments intended for retirement planning and involve market risk and the possible loss of principal. Investments in variable annuities are subject to fees and changes from the insurance company and the investment managers.
Withdrawals reduce the annuity’s remaining death benefit, contract value, cash surrender value and future earnings. Withdrawals may be subject to income tax and, if taken prior to age 59½, an additional 10% IRS tax penalty may apply. More frequent withdrawals may reduce earnings more than annual withdrawals. During the withdrawal charge period, withdrawals in excess of the penalty-free amount may be subject to a withdrawal charge.
Investors should carefully consider the investment objectives, risks, charges and expenses of a variable annuity, any optional protected lifetime income benefit, and the underlying investment options before investing. This and other information is contained in the prospectuses for a variable annuity and its underlying investment options. Investors should read the prospectuses carefully before investing. Prospectuses may be obtained by contacting PLICO at 800-456-6330.
WEB.5956814.08.24
2 The SecurePay Life benefit fee of 1.1% is charged annually, as a percentage of the Benefit Base, deducted monthly; may increase at any time up to a maximum of 2% (2.2%, if added after issue under the RightTime option); and is paid for through the sale of units of the investment options, which reduces the annuity account value. The SecurePay Life benefit may not be canceled during the 10 years following its issue date. No additional Purchase Payments can be made two years or more after its issue date or on or after the date the election of guaranteed annual withdrawals under the SecurePay Life benefit, whichever comes first.
Schwab Genesis Advisory variable annuity is a flexible premium deferred variable and fixed annuity contract issued by PLICO in all states except New York under policy form series VDA-P-2006. SecurePay Life benefits provided by rider form number VDA-P-6057 Policy form numbers, product availability and product features may vary by state.
Variable annuities are long-term investments intended for retirement planning and involve market risk and the possible loss of principal. Investments in variable annuities are subject to fees and changes from the insurance company and the investment managers.
Withdrawals reduce the annuity’s remaining death benefit, contract value, cash surrender value and future earnings. Withdrawals may be subject to income tax and, if taken prior to age 59½, an additional 10% IRS tax penalty may apply. More frequent withdrawals may reduce earnings more than annual withdrawals. During the withdrawal charge period, withdrawals in excess of the penalty-free amount may be subject to a withdrawal charge.
Investors should carefully consider the investment objectives, risks, charges and expenses of a variable annuity, any optional protected lifetime income benefit, and the underlying investment options before investing. This and other information is contained in the prospectuses for a variable annuity and its underlying investment options. Investors should read the prospectuses carefully before investing. Prospectuses may be obtained by contacting PLICO at 800-456-6330.
WEB.5956814.08.24