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Fixed Annuities

Fixed annuities from Protective are designed to help you plan and protect your retirement income. Fixed annuities earn a guaranteed interest rate and can provide an income stream for a lifetime. Work with your financial professional to find out if an annuity may be right for you.

Get a retirement annuity with Protective Life

Protective offers a variety of fixed annuities with different options to choose from based on your retirement needs. Work with your financial professional to find out if an annuity may be right for you.
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Why choose Protective Life for your fixed annuities?
When you purchase an annuity for retirement, you begin a long-term relationship with a life insurance company. You want to be sure that company has the experience, character and strength to serve you now and in the future. You want to be confident that company will back its promises for the long term. Protective Life’s commitment to help you protect tomorrow is backed by more than 100 years of serving customers like you, as well as our financial strength and stability.
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How do fixed annuities work?

Fixed annuity infographic
See if a fixed annuity may be the right option for you

If you want to guarantee retirement income while protecting your investment, a fixed annuity may be right for you.

  • Money grows tax-deferred, similar to an IRA or 401(k).
  • You can fund a fixed annuity in a single payment.

Fixed annuities work best if you can wait until age 59 ½ to withdraw* the money. Otherwise you’ll incur a 10 percent early withdrawal penalty, income tax and surrender charges - if those apply.


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Common questions about fixed annuities


Fixed annuity contracts are between you and an insurance company. You agree to pay a single lump sum or make payments over time. In return, the insurance company agrees to credit your account with a fixed rate of interest and make a payment or series of payments to you at a later date.

Fixed indexed annuity earnings are solely based on a guaranteed interest rate. With a fixed indexed annuity, you have the ability to earn interest based on the performance of a specific market index.

Get a retirement annuity with Protective Life

Protective Life offers a wide variety of annuities to meet your needs. Work with your financial professional to find out if an annuity may be right for you. For more information on annuities, visit our learning center.
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The Learning Center can help you get smart about retirement annuity options

What is an annuity?
Need more information about annuities and how they work? We can help.
3 tips for selecting an annuity
Choosing an annuity is easier when you know what to look for.
7 annuity payment options
Make sure you understand how you can fund an annuity.
*Withdrawals reduce an annuity's remaining death benefit, contract value, cash surrender value and future earnings. Withdrawals may be subject to income tax and, if taken prior to age 59 1/2, an additional 10% IRS tax penalty may apply. More frequent withdrawals may reduce earnings more than annual withdrawals.

Neither Protective Life nor its representatives offer legal or tax advice. Purchasers should consult with their legal or tax advisor regarding their individual situations before making any tax-related decisions.
Annuities are long-term insurance contracts intended for retirement planning.