Why choose this product
Loading component...
Protective® Income BuilderSM indexed annuity
Build retirement confidence with predictable income for life and guaranteed income growth potential.
1 Your Benefit base (the amount on which your benefit withdrawals are determined) is guaranteed to increase by 10% of the total purchase payments every year for up to ten years, or until benefit election, whichever occurs first. This guaranteed annual increase of your annuity's base income is also called its 'roll up.' Here is an example of how it works: if your initial benefit base is $100,000 and you have a 10% simple roll-up, after 10 years it would be $259,374 (10% per year for 10 years). With compound interest, it would be higher.
2 Withdrawals reduce the 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 59½, an additional 10% IRS tax penalty may apply. More frequent withdrawals may reduce earnings more than annual withdrawals. The benefit base will decrease if withdrawals are taken prior to beginning Guaranteed Income Benefit withdrawals or if withdrawal amounts are greater than the allowable amount provided by Guaranteed Income Benefit.
3 Assumes all qualifications are met, including: employed on a full-time basis upon the contract effective date, unemployed at least 60 consecutive days upon withdrawal and unemployed on the date of the withdrawal. May not be available in all states, and state variations may apply.
4 Assumes all qualifications are met, including: confined to a qualified medical care facility for at least 30 consecutive days, or diagnosed with a terminally ill condition expected to result in death within 12 months.
1 Your Benefit base (the amount on which your benefit withdrawals are determined) is guaranteed to increase by 10% of the total purchase payments every year for up to ten years, or until benefit election, whichever occurs first. This guaranteed annual increase of your annuity's base income is also called its 'roll up.' Here is an example of how it works: if your initial benefit base is $100,000 and you have a 10% simple roll-up, after 10 years it would be $259,374 (10% per year for 10 years). With compound interest, it would be higher.
2 Your Benefit base (the amount on which your benefit withdrawals are determined) is guaranteed to increase by 10% of the total purchase payments every year for up to ten years, or until benefit election, whichever occurs first. You may receive a 15% benefit bonus when income is deferred for a minimum of five years.
3 Withdrawals reduce the 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 59½,an additional 10% IRS tax penalty may apply. More frequent withdrawals may reduce earnings more than annual withdrawals. The benefit base will decrease if withdrawals are taken prior to beginning Guaranteed Income Benefit withdrawals or if withdrawal amounts are greater than the allowable amount provided by Guaranteed Income Benefit.
4 Assumes all qualifications are met, including: confined to a qualified medical care facility for at least 30 consecutive days, or diagnosed with a terminally ill condition expected to result in death within 12 months.
5 Assumes all qualifications are met, including: employed on a full-time basis upon the contract effective date, unemployed at least 60 consecutive days upon withdrawal and unemployed on the date of the withdrawal. May not be available in all states, and state variations may apply.
Protective refers to Protective Life Insurance Company, founded in 1907, and its affiliated companies, including Protective Life and Annuity Insurance Company.
Protective® is a registered trademark of Protective Life Insurance Company. The Protective trademarks, logos, and service marks are property of Protective Life Insurance Company and are protected by trademark and/or other proprietary rights and laws.
Life insurance and annuity products are issued by Protective Life Insurance Company, Omaha, NE, in all states except New York, where products are issued by Protective Life and Annuity Insurance Company, Birmingham, AL. Protective Life Insurance Company does not solicit business in the state of New York, nor is it authorized to do so. Variable products are distributed by affiliated broker-dealer Investment Distributors, Inc., Birmingham, AL.
Guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. Product features, availability, and issuing companies may vary by jurisdiction.
Information provided on this website is for general informational and educational purposes only and is not intended as investment, tax, or legal advice, nor should it be considered as a recommendation, endorsement, or solicitation with respect to any product or strategy. Individuals should consult their own qualified advisors regarding their specific situation.
When you visit Protective's websites, we may collect personal information from you via your browser or device, or through the use of cookies, analytics tools, and other technologies. You can exercise your privacy choices by completing a “Do not sell my personal information” request or a “Limit the use of my sensitive personal information” request. Please visit our Privacy Policy for more information about our information practices, including information about your privacy choices.
Investment and Insurance products are: NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, A BANK OR CREDIT UNION | MAY GO DOWN IN VALUE | NOT FDIC/NCUA INSURED | NOT INSURED BY ANY FEDERAL AGENCY | NOT GUARANTEED BY ANY BANK OR SAVINGS ASSOCIATION
