Protective Income Builder Rate & Reviews

Protective Income Builder

The Protective Income Builder is a Single Premium Deferred Indexed Annuity with a 7-year surrender charge period and a market value adjustment provision. Additional premiums are accepted during the first policy 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.

Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, 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	1.85% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	4.95% Cap
2-Year Citi Flexible Allocation 6 ER PTP Participation Rate	Point to Point Biennial	92% Participation
1-Year S&P 500 PTP Cap for Term	Point to Point Annual	3.95% Cap
1-Year S&P 500 Performance Triggered	Performance Triggered Annual	3.2% Performance triggered
1-Year Fixed Account	Fixed	2% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	5.25% Cap
2-Year Citi Flexible Allocation 6 ER PTP Participation Rate	Point to Point Biennial	100% Participation
1-Year S&P 500 PTP Cap for Term	Point to Point Annual	4.25% Cap
1-Year S&P 500 Performance Triggered	Performance Triggered Annual	3.5% Performance triggered

Surrender schedule

Year	1	2	3	4	5	6	7
Penalty	7%	6%	5%	4%	3%	2%	1%

Riders

Name	Inbuilt	Fee
Protective Level Income Rider	Yes	1.00% annually (2.00% max)
Protective Rising Income Rider	Yes	1.00% annually (2.00% max)