Fixed index annuity review and rates
Protective Asset Builder II 7
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
|
2.05%
Fixed
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
22%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6%
Cap
|
| 1-Year S&P 500 PTP Cap Guaranteed for Term |
Cap lock-in
Annual
|
5.85%
Cap
|
| 1-Year J.P. Morgan Mojave PTP Participation Rate |
Point to Point
Annual
|
100%
Participation
|
| 2-Year Citi Flexible Allocation 6 ER PTP Participation Rate |
Point to Point
Biennial
|
125%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
4.65%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
2.35%
Fixed
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
31%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.85%
Cap
|
| 1-Year S&P 500 PTP Cap Guaranteed for Term |
Cap lock-in
Annual
|
7.7%
Cap
|
| 1-Year J.P. Morgan Mojave PTP Participation Rate |
Point to Point
Annual
|
117%
Participation
|
| 2-Year Citi Flexible Allocation 6 ER PTP Participation Rate |
Point to Point
Biennial
|
145%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
5.5%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
2.6%
Fixed
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
36%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.1%
Cap
|
| 1-Year S&P 500 PTP Cap Guaranteed for Term |
Cap lock-in
Annual
|
8.6%
Cap
|
| 1-Year J.P. Morgan Mojave PTP Participation Rate |
Point to Point
Annual
|
122%
Participation
|
| 2-Year Citi Flexible Allocation 6 ER PTP Participation Rate |
Point to Point
Biennial
|
155%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
6.7%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% | 4% | 3% |
Protective Life Insurance Company
Founded:
1907
A.M. Best:
A+
Fitch:
AA-
S&P:
A+
Moody's:
A1
Brochure
Free withdrawal
10%
Surrender schedule
7 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