Ratings:

A.M. Best A+
Fitch AA-
S&P AA-
Moody's A1
Comdex 93

James Alden

Experienced Financial Advisor

25 years

experience

3,712

career consultations

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Protective Asset Builder II 10

The Protective Life Insurance Company, founded in 1907, is a key player in the retirement planning market. By providing a comprehensive portfolio of life insurance products, be it term, universal, or even variable universal, as well as most annuity types, they help investors achieve financial stability in their later years. The company has continuously implemented new products and features to stay up to date with today’s evolving financial landscape, resulting in strong ratings from a variety of agencies.

Protective Asset Builder II 10

Your Email

Ratings:

A.M. Best A+
Fitch AA-
S&P AA-
Moody's A1
Comdex 93

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

Minimum Contribution

$10,000

Maximum Contribution

$1,000,000

Max Age Qualified

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	4.95% 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

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 Withdrawals
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.

Other Protective Products

Protective Income Builder

Protective Guaranteed Income Indexed Annuity

Protective Asset Builder II 10

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