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Variable annuities

Variable annuities from Protective are designed to help grow and protect your retirement income. They can offer many advantages for retirement savers, including the potential for earnings that are higher than other types of annuities; although, this comes with increased risk. Variable annuities are typically purchased to pay out in the future, giving the investment options in the annuity the chance to grow tax-deferred. Interested? Work with your financial professional to find out if an annuity may be right for you.

Benefits of variable annuities

Funding options
A variable annuity can be purchased with a one-time payment or with a series of payments based on your need and terms of the annuity contract.
A variety of investment options
Earnings in a variable annuity are based on performance of investment subaccounts with investments ranging from stock and bond funds to money market funds.
Guaranteed death benefit available
Variable annuities offer the option to select a guaranteed death benefit, for an additional cost, to ensure your beneficiaries will have a minimum payout even if the annuity loses value.
Opportunity for tax-deferred growth
A variable annuity can grow your retirement savings tax-deferred. You’ll pay taxes when you receive the money as income.
Options to guarantee income for life
As with other annuities, you can typically structure payments to guarantee you won’t outlive this income stream.
Want to learn more?
If you think a variable annuity may be right for you, give us a call at 1-800-833-8991
Find Differences

What makes annuities from Protective different?

At Protective, we offer ways to grow and save for retirement income while addressing the potential for losses during down markets. We offer 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.

How do variable annuities work?

Variable annuities are a type of deferred annuity, which means that the money invested is intended to grow for a while before it begins to provide any payout. While they offer the potential for greater earnings compared to other types of annuities, variable annuities also come with greater investment risk. So investors need to understand their goals and risk tolerance as they decide whether a variable annuity is right for them. Here’s an illustration on how they work:

Variable annuity infographic
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See if a variable annuity may be the right option for you

Are you willing to accept greater risk for the potential for greater growth?

Do you want more variety in your investment and retirement portfolio?

Are you looking for options to guarantee an income stream you can't outlive?

Question Mark

Common questions about variable annuities


A variable annuity offers the potential for higher earnings than other types of annuities, although this comes with increased risk. Payments are allocated to variable annuity subaccounts, which in turn invest in stocks, bond funds, or money market funds. They're often used to grow retirement savings and later as an income source.

Variable annuities work like other annuities, but with the ability to allocate payments among a choice of subaccounts. The performance of those subaccounts, which invest in stocks, bond funds, or money market funds, determine your earnings. At a future date, you select how you would like to receive payments based on available options.

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.

As you determine what annuity might be right for you, remember they are intended as vehicles for long-term retirement planning, which is why withdrawals reduce an annuity’s remaining death benefit, contract value, cash surrender value and future earnings. Withdrawals from annuities may also be subject to income tax and, if taken prior to age 59 ½, an additional 10% IRS tax penalty may apply. Because Protective and its representatives do not offer legal or tax advice, it is important that you talk with your own legal and tax advisor about your specific tax situation.
Variable annuities are considered securities contracts and are regulated by federal securities laws and must be sold with a prospectus.
Investors should carefully consider the investment objectives, risks, charges and expenses of a variable annuity, any optional protected lifetime income benefit, and the underlying investment options before investing. This and other information is contained in the prospectuses for a variable annuity and its underlying investment options. Investors should read the prospectuses carefully before investing. Prospectuses may be obtained by contacting PLICO at 800.265.1545.