Protective Life Insurance Company Qualified Plan Endorsement (Minimum Monthly Payment Rates)
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Summary
This endorsement, issued by Protective Life Insurance Company, updates the minimum monthly payment rates for each $1,000 applied under a qualified plan contract. It replaces the original payment tables with new ones, specifying payment amounts based on the payee's age or the selected payment period. The calculations are based on the 1983 Individual Annuity Mortality Table A, projected four years, with a 4% annual interest rate. The endorsement ensures that payment rates are current and provides a method for calculating rates for ages not listed in the tables.
EX-4.G 8 plico123117-exh4gxqualifie.htm EXHIBIT 4.G Exhibit
PROTECTIVE LIFE INSURANCE COMPANY
QUALIFIED PLAN ENDORSEMENT
The following tables are substituted for the tables set forth in the contract to which this endorsement is attached:
MINIMUM MONTHLY PAYMENT RATES FOR EACH $1,000 APPLIED
OPTION 1 TABLE | OPTION 2 TABLE | |||||||
Payments For Fixed Period | Life Income With Payments For A Guaranteed Period | |||||||
Years | Monthly Payment | Age of Payee | 10 Years | 20 Years | ||||
5 | $ | 18.32 | 59 | $ | 4.83 | $ | 4.68 | |
6 | 15.56 | 60 | 4.92 | 4.74 | ||||
7 | 13.59 | 61 | 5.01 | 4.81 | ||||
8 | 12.12 | 62 | 5.10 | 4.88 | ||||
9 | 10.97 | 63 | 5.21 | 4.95 | ||||
10 | 10.06 | 64 | 5.32 | 5.02 | ||||
11 | 9.31 | 65 | 5.43 | 5.09 | ||||
12 | 8.69 | 66 | 5.55 | 5.17 | ||||
13 | 8.17 | 67 | 5.68 | 5.24 | ||||
14 | 7.72 | 68 | 5.82 | 5.31 | ||||
15 | 7.34 | 69 | 5.97 | 5.38 | ||||
16 | 7.00 | 70 | 6.12 | 5.45 | ||||
17 | 6.71 | 71 | 6.28 | 5.51 | ||||
18 | 6.44 | 72 | 6.45 | 5.58 | ||||
19 | 6.21 | 73 | 6.63 | 5.64 | ||||
20 | 6.00 | 74 | 6.81 | 5.69 | ||||
21 | 5.81 | 75 | 7.00 | 5.74 | ||||
22 | 5.64 | 76 | 7.20 | 5.78 | ||||
23 | 5.49 | 77 | 7.40 | 5.82 | ||||
24 | 5.35 | 78 | 7.60 | 5.85 | ||||
25 | 5.10 | 79 | 7.81 | 5.88 | ||||
27 | 5.00 | 80 | 8.10 | 5.91 | ||||
28 | 4.90 | 81 | 8.21 | 5.93 | ||||
29 | 4.80 | 82 | 8.41 | 5.95 | ||||
30 | 4.72 | 83 | 8.59 | 5.96 | ||||
84 | 8.77 | 5.97 | ||||||
85 | 8.93 | 5.98 | ||||||
& over |
Rates for monthly payments for ages not shown in the above tables will be calculated on the same basis as those shown and may be obtained from us. The basis for these calculations is the 1983 Individual Annuity Mortality Table A projected 4 years with interest at 4% per annum.
FORM NO. FIQA-033