Protective Asset Builder II 10
Protective Asset Builder II 10
Ratings:
- A.M. Best A+
- Fitch AA-
- S&P AA-
- Moody's A1
- Comdex 93
About Product
- Income for a specific term
- Lifetime income with a specific term
- Lifetime income with a cash refund
- Lifetime income with an installment refund
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
|
4.95%
Cap
|
1-Year S&P 500 PTP Cap Guaranteed for Term |
Point to Point
Annual
|
4.75%
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
|
6.9%
Cap
|
1-Year S&P 500 PTP Cap Guaranteed for Term |
Point to Point
Annual
|
6.7%
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
|
8.15%
Cap
|
1-Year S&P 500 PTP Cap Guaranteed for Term |
Point to Point
Annual
|
7.9%
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% |
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
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
First 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.