Protective Life Insurance Company Qualified Plan Endorsement (Minimum Monthly Payment Rates)

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