Fixed annuity review and rates

Protective Secure Saver

Protective Life fixed annuities have been designed specifically to help you more effectively prepare for and experience retirement. The Protective Secure Saver fixed annuity may be the right choice for you if you want to protect principal and reliably accumulate assets that can be withdrawn as income in retirement.
Purchase Payment Amounts 
  • Minimum initial purchase payment: $10,000 
  • Minimum subsequent purchase payments: $50 only permitted before the first contract anniversary and before age 86. 
  • Maximum purchase payment: $1 million. Higher amounts may be accepted but must be approved before being submitted and may be subject to conditions.
Penalty Free Withdrawals
You may withdraw 10% of the contract value as of the prior contract anniversary each contract year with no withdrawal charge. 

Market Value Adjustment (MVA)
A limited market value adjustment will be applied to withdrawals that exceed the allowable penalty free amount. The MVA can increase, decrease or have no effect on the amount deducted from the contract value to satisfy a withdrawal request, based on changes in market interest rates between the contract's issue date and the withdrawal date. The MVA is limited to excess earned interest. It does not apply after the withdrawal charge period expires, and does not affect the contract's minimum surrender value.

Interest Rate
The Protective Secure Saver fixed annuity earns a competitive interest rate, guaranteed for the duration of the interest rate guaranteed period.

Death Benefit
The death benefit is available at no additional cost and can be useful for estate planning.  Should you pass away before starting your annuity income payments, your beneficiaries will receive the full amount of the contract value.

Interest Rates

Guaranteed Years Surrender Years Guaranteed Yield Current Yield
5 5 2.7% 2.7%
5 5 3.6% 3.6%
5 5 3.8% 3.8%
7 7 3.85% 3.85%
7 7 3.65% 3.65%
7 7 3% 3%
Protective Life Insurance Company
Founded: 1907
A.M. Best: A+
Fitch: AA-
S&P: A+
Moody's: A1
Carrier details
Free withdrawal
Types of funds
Non-Qualified, and IRA