Protective Income Builder
In the complex world of retirement planning, annuities stand out as a popular choice for those seeking steady income streams in their golden years. Amidst a crowded market, a few annuity companies have distinguished themselves through their robust financial strength, customer service excellence, and diverse product offerings.
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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
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
|
2.65%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5.7%
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
|
4.7%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
3.7%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
2.8%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6%
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
|
5%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
4%
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) |