Protective Life Insurance Company
4.1
based on complex data
Annuity Educator Rating
Annuity review

Protective Asset Builder II 10

The Protective Asset Builder II 10 Annuity is a fantastic vehicle for those approaching retirement. This product provides a guaranteed income stream, serving as a buffer against market instability. Its key highlight is its accessibility and flexibility, making it a secure choice.

With this annuity product, you have the power to shape your retirement as per your needs. It offers attractive growth potential and provides income for your lifetime. It is indeed a commendable product for stability, growth and peace of mind in your golden years.

Protective Asset Builder II 10-brochure Protective Asset Builder II 10-brochure

Protective Asset Builder II 10

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About Product

Type
Fixed Index
Purpose
Accumulation
Term
10 Years
Surrender schedule
9%
9%
8%
7%
6%
5%
4%
3%
2%
1%
Fee withdrawal:
10%
Flexible premium
Product Life
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$10,000
Maximum Contribution
$1,000,000
Max Age Qualified
85
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, and 1035 Exchange
Launch Date
11/09/2020
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, 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
3% Fixed
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
28% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
4.2% Cap
1-Year S&P 500 PTP Cap Guaranteed for Term
Point to Point
Annual
4% Cap
1-Year J.P. Morgan Mojave PTP Participation Rate
Point to Point
Annual
112% Participation
2-Year Citi Flexible Allocation 6 ER PTP Participation Rate
Point to Point
Biennial
151% Participation
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
4.1% Performance triggered
1-Year Fixed Account
Fixed
3.55% Fixed
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
37% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
6.15% Cap
1-Year S&P 500 PTP Cap Guaranteed for Term
Point to Point
Annual
5.95% Cap
1-Year J.P. Morgan Mojave PTP Participation Rate
Point to Point
Annual
130% Participation
2-Year Citi Flexible Allocation 6 ER PTP Participation Rate
Point to Point
Biennial
167% Participation
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
5% Performance triggered
1-Year Fixed Account
Fixed
3.65% Fixed
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
42% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.4% Cap
1-Year S&P 500 PTP Cap Guaranteed for Term
Point to Point
Annual
7.15% Cap
1-Year J.P. Morgan Mojave PTP Participation Rate
Point to Point
Annual
140% Participation
2-Year Citi Flexible Allocation 6 ER PTP Participation Rate
Point to Point
Biennial
180% Participation
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
6.2% Performance triggered

Surrender schedule

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

Hypothetical Projection

Comparison against S&P 500 using current rates
indexed chart
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Riders

No Riders for Protective Asset Builder II 10 annuity.

Waivers

Terminal Illness

Unavailable in states: MA

After the first contract anniversary, you can withdraw all or a portion of the contract value without a withdrawal charge or market value adjustment, if after the contract issue date, you or your spouse become diagnosed with a terminally ill condition expected to result in death within 12 months.

Unemployment

Unavailable in states: CT

You may withdraw all or a portion of the contract value with no withdrawal charge or market value adjustment, should you or your spouse become unemployed. Assumes all qualifications are met, including: employed on a full time basis upon the contract effective date and unemployed at least 60 consecutive days upon withdrawal. This waiver may not be available in all states, and state variations may apply.

Confinement

Unavailable in states: MA

After the first contract anniversary, you can withdraw all or a portion of the contract value without a withdrawal charge or market value adjustment, if after the contract issue date, you or your spouse become confined to a qualified medical care facility for at least 30 consecutive days.

Premium Notes

Ability to Make Additional Purchase Payments
Protective Asset Builder II is a flexible-premium indexed annuity, which allows you to add more money to the contract at any time up to age 86 — not just at the time of purchase. So you can continue to invest to help prepare for whatever lies ahead in retirement. 
  • Minimum Additional: $50

Withdrawal Provisions

Free WithdrawalsFirst contract year: 10% of the purchase payment.Subsequent years: 10% of the contract value as of the withdrawal date, minus prior free withdrawals.Market Value Adjustment (MVA)A limited MVA will be applied to withdrawals that exceed the allowable penalty-free.

Company Founded: 1907
TOP Rated Company
Protective Life Insurance Company
Company Ratings
4.9
  • A.M. Best A+
  • Fitch AA-
  • S&P AA-
  • Moody's A1
  • Comdex 93
Assets: $66,768,475,391
Tennessee

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