Get a retirement annuity with Protective Life
How do fixed annuities work?
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.
The Learning Center can help you get smart about retirement annuity options
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.