Fixed index annuity review and rates

Protective Asset Builder II 5

Annuitization Options
  • Income for a specific term
  • Lifetime income with a specific term
  • Lifetime income with a cash refund
  • Lifetime income with an installment refund
Available in states: AL, AK, AZ, AR, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
2.3% Fixed
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
24% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
5.95% Cap
1-Year S&P 500 PTP Cap Guaranteed for Term
Point to Point
Annual
5.8% Cap
1-Year J.P. Morgan Mojave PTP Participation Rate
Point to Point
Annual
98% Participation
2-Year Citi Flexible Allocation 6 ER PTP Participation Rate
Point to Point
Biennial
120% Participation
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
4.6% Performance triggered
1-Year Fixed Account
Fixed
2.55% Fixed
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
33% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.75% Cap
1-Year S&P 500 PTP Cap Guaranteed for Term
Point to Point
Annual
7.6% Cap
1-Year J.P. Morgan Mojave PTP Participation Rate
Point to Point
Annual
115% Participation
2-Year Citi Flexible Allocation 6 ER PTP Participation Rate
Point to Point
Biennial
140% Participation
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
5.4% Performance triggered
1-Year Fixed Account
Fixed
2.8% Fixed
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
38% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.5% Cap
1-Year S&P 500 PTP Cap Guaranteed for Term
Point to Point
Annual
8% Cap
1-Year J.P. Morgan Mojave PTP Participation Rate
Point to Point
Annual
120% Participation
2-Year Citi Flexible Allocation 6 ER PTP Participation Rate
Point to Point
Biennial
150% Participation
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
6.1% Performance triggered

Surrender schedule

Year 1 2 3 4 5
Penalty 9% 8% 7% 6% 5%
Protective Life Insurance Company
Founded: 1907
A.M. Best: A+
Fitch: AA-
S&P: A+
Moody's: A1
Carrier details
Free withdrawal
10%
Surrender schedule
5 years
Return of premium
Market value adjustment
Minimum contribution
$10,000
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, and 1035 Exchange