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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.25%
7-Year
6.00%
10-Year
5.80%

Protective Asset Builder II 7

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Highlights

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, 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
Type
Fixed Index
Purpose Accumulation
Term
7 Years
Surrender schedule
9%8%7%6%5%4%3%
Free withdrawal
10%
Flexible premium Product Life
Market value adjustment
Return of premium
Launch date
11/09/2020
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
Brochure
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Find out if the Protective Asset Builder II 7 is the right product for you.

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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 A limited MVA.

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
2.95% 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
5.7% Cap
1-Year S&P 500 PTP Cap Guaranteed for Term
Point to Point
Annual
5.55% Cap
1-Year J.P. Morgan Mojave PTP Participation Rate
Point to Point
Annual
110% Participation
2-Year Citi Flexible Allocation 6 ER PTP Participation Rate
Point to Point
Biennial
145% Participation
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
4.1% Performance triggered
1-Year Fixed Account
Fixed
3.5% Fixed
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
46% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.55% Cap
1-Year S&P 500 PTP Cap Guaranteed for Term
Point to Point
Annual
7.4% Cap
1-Year J.P. Morgan Mojave PTP Participation Rate
Point to Point
Annual
127% Participation
2-Year Citi Flexible Allocation 6 ER PTP Participation Rate
Point to Point
Biennial
165% Participation
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
4.95% Performance triggered
1-Year Fixed Account
Fixed
3.55% Fixed
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
51% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.6% Cap
1-Year S&P 500 PTP Cap Guaranteed for Term
Point to Point
Annual
8.35% Cap
1-Year J.P. Morgan Mojave PTP Participation Rate
Point to Point
Annual
132% Participation
2-Year Citi Flexible Allocation 6 ER PTP Participation Rate
Point to Point
Biennial
175% Participation
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
6.15% Performance triggered

Surrender schedule

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

Riders

No Riders for Protective Asset Builder II 7 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.

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