Protective Guaranteed Income Indexed Annuity Rate & Reviews

Protective Guaranteed Income Indexed Annuity

The Protective Guaranteed Income Indexed Annuity is a limited flexible premium deferred indexed annuity. Limited flexible premium means that you may — but are not required to — send additional premium, but only during the first contract year.

Annuitization Options
All are available for single or joint life.

Lifetime income
Specific term (certain period)
Lifetime income with a specific term (certain period)
Lifetime income with a cash refund
Lifetime income with an installment refund (principal refund)

Annuity income payments must begin before any owner or annuitant reaches age 95 and, generally, cannot be altered or surrendered once begun.

Minimum Surrender Value
minimum surrender value is guaranteed when the contract is terminated due to full surrender, death, or annuitization. This amount is calculated by:

Taking 87.5% of aggregate purchase payments accumulated at the contract’s non-forfeiture rate, which cannot be less than 1% or more than 3%, and
Subtracting any prior aggregate withdrawals accumulated at the non-forfeiture rate.

Available in states: AL, AK, AZ, AR, CA, 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	1.05% Fixed
1-Year S&P 500 PTP Cap for Term	Cap lock-in Annual	1.95% Cap
1-Year S&P 500 PTP Cap	Point to Point Annual	2.05% Cap
2-Year Citi Flexible Allocation 6 ER PTP Participation Rate	Point to Point Biennial	50% Participation
1-Year Fixed Account	Fixed	1.2% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	2.35% Cap
2-Year Citi Flexible Allocation 6 ER PTP Participation Rate	Point to Point Biennial	55% Participation
1-Year S&P 500 PTP Cap for Term	Cap lock-in Annual	2.25% Cap

Surrender schedule

Year	1	2	3	4	5	6	7	8	9	10
Penalty	9%	9%	8%	7%	6%	5%	4%	3%	2%	1%

Riders

Name	Inbuilt	Fee
Protective Level Income 15 (Defer bonus)	Yes	1.20% annually (2.00% max)
Protective Rising Income 15 (Defer bonus)	Yes	1.20% annually (2.00% max)