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Protective Indexed Annuity NY

A growth strategy for CD-minded clients. This annuity offers accumulation and income-seeking clients the protection they need with the upside potential they desire.
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Protection with growth potential

Available only in New York, the Protective® Indexed Annuity NY is a limited, flexible-premium deferred indexed annuity — designed for clients seeking principal protection with the potential for higher returns linked to market index performance.
Multiple crediting strategies
Choose among one fixed and two indexed crediting strategies as well as options for terms to suit client needs.
Access to contract value
This annuity offers your clients the flexibility to access a portion of the contract value each year* plus an unemployment waiver** in certain circumstances.
Guaranteed minimum growth rate
Clients earn a guaranteed minimum interest rate with the selection of an indexed crediting strategy.
*Withdrawals may be subject to income tax and if taken prior to age 59 ½, an additional tax penalty may apply.
**Qualifications apply.

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Why Protective Indexed Annuity NY?

In addition to upside potential and downside protection, this annuity offers optional features to make it even more attractive for your clients’ retirement income strategy.
Return of Purchase Payments Feature
This optional feature ensures 100% of purchase payments made (less any withdrawals or investment taxes, if applicable) will be returned upon full surrender of the contract prior to starting annuity income payments.
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Three interest crediting strategies
This annuity offers three interest crediting strategies and a guaranteed minimum rate for indexed allocations, allowing your clients the potential to earn more than a traditional fixed product with returns based on the performance of the S&P 500 Index.
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Annuitization options
Annuitization options include: lifetime income, specific term (certain periods), lifetime income with a specific term (certain period), lifetime income with a cash refund, and lifetime income with an installment refund (principal refund).
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Identifying the right clients for this product

This option may be the right choice for your clients in New York who are primarily concerned with protecting assets from market volatility. They may be short on retirement savings and seeking growth alongside protection. Consider sharing this product with your NY clients who meet one or more of the following criteria:

  • Want opportunities for a guaranteed rate of return?
  • Worries about running out of money in retirement?
  • Want to hedge against unexpected future expenses?
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For Financial Professional and Plan Sponsor Use Only. Not for Use With Consumers.


All non-guaranteed components of the indexing formula may change and could be different in the future. Indexed interest could be less than that earned in a traditional fixed annuity, and could be zero. However, payments allocated to an indexed strategy will earn an annual guaranteed minimum interest rate of 1%.

For product details, benefits, limitations and exclusions, please consult the contract, product guide and disclosure statement. These documents describe the terms and conditions that control the insurance company’s contractual obligations. All payments and guarantees are subject to the claims-paying ability of Protective Life and Annuity Insurance Company. Neither Protective Life and Annuity 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.

Protective Indexed Annuity NY is a limited flexible premium deferred indexed annuity contract issued under policy form series NY-FIA-A-2008. Protective Indexed Annuity NY is issued by Protective Life and Annuity Insurance Company located in Birmingham, AL.

Protective Indexed Annuity NY is not an investment in any index, is not a security or stock market investment, does not participate in any stock or equity investment, and does not contain dividends.