Protected Content page showing - not sure why

I have only one membership level created on my site (I am going to manually create the members as they pay and add them to this group).

When I go into the Protected Content area and click on the member levels - I see each of the pages (Page 1, Page 2, etc.) all listed as being protected and accessible to this group of members.

When I try to access the page when I'm logged in as a member, I get directed to /protected-content/ and a message that says 'The content you are trying to access is only available to members. Sorry.'

I'm not sure where the disconnect is or how to fix it.