Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.
Model this product
See what Protective Asset Builder II would do for you
Set your numbers and switch between growth strategies and liquidity scenarios. Negative index performance does not produce a negative index credit. Fees, withdrawals and surrender charges can reduce contract value.
Product analyzer
Illustrative — live CANNEX rates as of October 2, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$310,636
Est. value at age 80 (Protective Asset Builder II)
9.75%
Best S&P 500 1-yr point-to-point cap
S&P 500 Index — 9.75% Cap (Unknown · Annual)
✦
How crediting works: the cap limits positive index returns; a down year credits 0%, never a loss. A cap strategy tracks the index within its terms. What is a cap vs participation? →
Assumptions: illustrative — applies Protective Asset Builder II's published cap rate (9.75% on S&P 500 Index) to a standard benchmark hypothetical index path (~5.4%/yr average, including down years) with a 0% floor over 20 years. Not a projection, quote, or guarantee. Live CANNEX rates as of October 2, 2026.
Free Comparison Report
Get a Protective Asset Builder II rate report
See how Protective Asset Builder II compares for your age, state, premium, and income goals alongside other Protective Life Insurance Company fixed indexed annuity options.
rates, riders, crediting strategies, state availability, and contract facts stay scoped to this Protective Life Insurance Company product.
Live product data
Rates as of October 2, 2026, from AdvisorWorld and CANNEX.
S&P 500 cap rate (annual point-to-point)
9.75% cap on S&P 500
An accumulation-focused fixed indexed annuity from a multi-agency-rated A+-grade carrier on a single surrender chassis, with an S&P 500 annual point-to-point cap alongside multi-year point-to-point cap options and higher-participation strategies on proprietary indexes — no optional GLWB rider and no Protected Income Value chassis.
1-year term5-year surrender$100,000+AdvisorWorld + CANNEX data
Best fit
Buyers committing to the contract's fixed surrender period who want index-linked accumulation with downside protection, value the option to choose among multiple terms for the S&P 500 cap strategy, and are comfortable building their own growth plan across an S&P 500 cap and higher-participation proprietary-index strategies.
AM Best
A+ Superior
Surrender options
5, 7, and 10 years
Free withdrawal
10%/yr
Availability
50 jurisdictions (excl. New York)
Featured crediting strategies
Caps, participation rates, and declared rates are shown separately.
Index / strategyRate mechanicsCreditingSurrenderPremium
S&P 500
S&P 500 Index
9.75% cap rate
Annual point-to-point
Selected state rate set (TX)
1-year term · 5-year surrender · $100,000+
1-year term
5-year surrender
$100,000+
S&P 500
S&P 500 Index
9.75% cap rate
Annual point-to-point
Selected state rate set (TX)
1-year term · 7-year surrender · $100,000+
1-year term
7-year surrender
$100,000+
S&P 500
S&P 500 Index
9.65% cap rate
Annual point-to-point
Requested state: TX
1-year term · 10-year surrender · $100,000+
1-year term
10-year surrender
$100,000+
S&P 500
S&P 500 Index
7.1% cap rate
Annual point-to-point
Selected state rate set (TX)
1-year term · 5-year surrender · $100,000+
1-year term
5-year surrender
$100,000+
S&P 500
S&P 500 Index
7.2% cap rate
Annual point-to-point
Selected state rate set (TX)
1-year term · 7-year surrender · $100,000+
1-year term
7-year surrender
$100,000+
S&P 500
S&P 500 Index
6.3% trigger rate
Performance trigger
Selected state rate set (TX)
1-year term · 5-year surrender · $100,000+
1-year term
5-year surrender
$100,000+
S&P 500
S&P 500 Index
6.4% trigger rate
Performance trigger
Selected state rate set (TX)
1-year term · 7-year surrender · $100,000+
1-year term
7-year surrender
$100,000+
S&P 500
S&P 500 Index
6.45% trigger rate
Performance trigger
Requested state: TX
1-year term · 10-year surrender · $100,000+
1-year term
10-year surrender
$100,000+
S&P 500
S&P 500 Index
5.05% trigger rate
Performance trigger
Selected state rate set (TX)
1-year term · 5-year surrender · $100,000+
1-year term
5-year surrender
$100,000+
S&P 500
S&P 500 Index
5.15% trigger rate
Performance trigger
Selected state rate set (TX)
1-year term · 7-year surrender · $100,000+
1-year term
7-year surrender
$100,000+
S&P 500
S&P 500 Index
50% participation rate
Annual point-to-point
Selected state rate set (TX)
1-year term · 5-year surrender · $100,000+
1-year term
5-year surrender
$100,000+
S&P 500
S&P 500 Index
51% participation rate
Annual point-to-point
Selected state rate set (TX)
1-year term · 7-year surrender · $100,000+
1-year term
7-year surrender
$100,000+
S&P 500
S&P 500 Index
52% participation rate
Annual point-to-point
Requested state: TX
1-year term · 10-year surrender · $100,000+
1-year term
10-year surrender
$100,000+
S&P 500
S&P 500 Index
33% participation rate
Annual point-to-point
Selected state rate set (TX)
1-year term · 5-year surrender · $100,000+
1-year term
5-year surrender
$100,000+
S&P 500
S&P 500 Index
34% participation rate
Annual point-to-point
Selected state rate set (TX)
1-year term · 7-year surrender · $100,000+
1-year term
7-year surrender
$100,000+
S&P 500
S&P 500 Index
Rate not shown
Rate effective Sep 29, 2026
Annual point-to-point
Selected state rate set (TX)
1-year term · 5-year surrender · $100,000+
1-year term
5-year surrender
$100,000+
S&P 500
S&P 500 Index
Rate not shown
Rate effective Sep 29, 2026
Performance trigger
Selected state rate set (TX)
1-year term · 5-year surrender · $100,000+
1-year term
5-year surrender
$100,000+
S&P 500
S&P 500 Index
Rate not shown
Rate effective Sep 29, 2026
Annual point-to-point
Selected state rate set (TX)
1-year term · 7-year surrender · $100,000+
1-year term
7-year surrender
$100,000+
S&P 500
S&P 500 Index
Rate not shown
Rate effective Sep 29, 2026
Performance trigger
Selected state rate set (TX)
1-year term · 7-year surrender · $100,000+
1-year term
7-year surrender
$100,000+
S&P 500
S&P 500 Index
Rate not shown
Rate effective Sep 29, 2026
Annual point-to-point
Requested state: TX
1-year term · 10-year surrender · $100,000+
1-year term
10-year surrender
$100,000+
S&P 500
S&P 500 Index
Rate not shown
Rate effective Sep 29, 2026
Performance trigger
Requested state: TX
1-year term · 10-year surrender · $100,000+
1-year term
10-year surrender
$100,000+
S&P 500
S&P 500 Index
9.5% cap rate
5-year point-to-point
Selected state rate set (TX)
5-year term · 5-year surrender · $100,000+
5-year term
5-year surrender
$100,000+
S&P 500
S&P 500 Index
6.9% cap rate
5-year point-to-point
Selected state rate set (TX)
5-year term · 5-year surrender · $100,000+
5-year term
5-year surrender
$100,000+
S&P 500
S&P 500 Index
Rate not shown
Rate effective Sep 29, 2026
5-year point-to-point
Selected state rate set (TX)
5-year term · 5-year surrender · $100,000+
5-year term
5-year surrender
$100,000+
S&P 500
S&P 500 Index
9.5% cap rate
7-year point-to-point
Selected state rate set (TX)
7-year term · 7-year surrender · $100,000+
7-year term
7-year surrender
$100,000+
S&P 500
S&P 500 Index
7% cap rate
7-year point-to-point
Selected state rate set (TX)
7-year term · 7-year surrender · $100,000+
7-year term
7-year surrender
$100,000+
S&P 500
S&P 500 Index
Rate not shown
Rate effective Sep 29, 2026
7-year point-to-point
Selected state rate set (TX)
7-year term · 7-year surrender · $100,000+
7-year term
7-year surrender
$100,000+
S&P 500
S&P 500 Index
9.4% cap rate
10-year point-to-point
Requested state: TX
10-year term · 10-year surrender · $100,000+
10-year term
10-year surrender
$100,000+
S&P 500
S&P 500 Index
Rate not shown
Rate effective Sep 29, 2026
10-year point-to-point
Requested state: TX
10-year term · 10-year surrender · $100,000+
10-year term
10-year surrender
$100,000+
Fixed Account
Fixed Account
3.5% declared rate
Fixed account
Selected state rate set (TX)
1-year term · 5-year surrender · $100,000+
1-year term
5-year surrender
$100,000+
Fixed Account
Fixed Account
3.55% declared rate
Fixed account
Selected state rate set (TX)
1-year term · 7-year surrender · $100,000+
1-year term
7-year surrender
$100,000+
Fixed Account
Fixed Account
3.65% declared rate
Fixed account
Requested state: TX
1-year term · 10-year surrender · $100,000+
1-year term
10-year surrender
$100,000+
Fixed Account
Fixed Account
3.4% declared rate
Fixed account
Selected state rate set (TX)
1-year term · 5-year surrender · $100,000+
1-year term
5-year surrender
$100,000+
Fixed Account
Fixed Account
3.45% declared rate
Fixed account
Selected state rate set (TX)
1-year term · 7-year surrender · $100,000+
1-year term
7-year surrender
$100,000+
Fixed Account
Fixed Account
Rate not shown
Rate effective Sep 29, 2026
Fixed account
Selected state rate set (TX)
1-year term · 5-year surrender · $100,000+
1-year term
5-year surrender
$100,000+
Fixed Account
Fixed Account
Rate not shown
Rate effective Sep 29, 2026
Fixed account
Selected state rate set (TX)
1-year term · 7-year surrender · $100,000+
1-year term
7-year surrender
$100,000+
Fixed Account
Fixed Account
Rate not shown
Rate effective Sep 29, 2026
Fixed account
Requested state: TX
1-year term · 10-year surrender · $100,000+
1-year term
10-year surrender
$100,000+
+ 16 additional crediting options (J.P. Morgan, Citi Flexible...)
Product analyst notes
How to think about this contract
Why it can stand out
The contract has a single surrender period, and within it the buyer chooses among multiple terms for the S&P 500 cap strategy — a one-year reset, a longer multi-year point-to-point option, and a long-term point-to-point option — so the buyer can choose the crediting term without changing the surrender commitment.
Index menu blends a recognizable S&P 500 annual point-to-point cap, an S&P 500 performance-trigger declared rate, and high-participation strategies on proprietary indexes (J.P. Morgan Mojave, Citi Flexible Allocation 6), so a buyer can choose like-for-like comparability or a higher-participation alternative depending on their growth thesis.
Standard surrender waivers cover nursing-home confinement, terminal illness, and unemployment, alongside an annual free-withdrawal allowance, so the schedule of penalty-free liquidity for both planned partial withdrawals and unplanned life events is visible on this page rather than gated behind a sales brochure.
Carrier financial-strength is rated by multiple independent agencies (A.M. Best, Standard & Poor's, Moody's), so the strength view is not a single-source read.
What to confirm
This contract is NOT an income-rider product and is NOT a Protected Income Value chassis — there is no optional GLWB rider attached to the contract, no day-one premium bonus to seed an income base, and no built-in income mechanism. Buyers comparing to rider-led income products should recognize the structural difference: this contract is built for accumulation and partial liquidity, not for a contractually-guaranteed lifetime withdrawal rate.
Several of the higher-participation strategies are proprietary, volatility-controlled excess-shows indexes — their participation rates look high in absolute terms but are not directly comparable to an S&P 500 cap. Evaluate each strategy on its own historical behavior and underlying mechanic, not on the headline number alone.
A market-value adjustment applies on early surrender beyond the free-withdrawal allowance, so the real cost of an unplanned exit during the surrender window depends on the interest-rate environment at the time and may exceed the published surrender-charge percentage.
The death benefit on this contract is Cash Surrender Value rather than account value or a guaranteed roll-up — a contract surrendered to a beneficiary during the surrender window receives the surrender value, not the full accumulation value, and there is no enhanced legacy mechanism beyond the standard contract terms.
Not ideal for
Buyers who need a contractually-guaranteed lifetime-withdrawal rate from an optional rider, a built-in Protected Income Value income mechanism, a premium bonus to seed an income base, an MVA-free early-exit window, or a death benefit that pays account value rather than cash surrender value — this contract is built for accumulation and is not optimized for any of those things.
Free Comparison Report
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See how Protective Asset Builder II compares for your age, state, premium, and income goals alongside other Protective Life Insurance Company fixed indexed annuity options.
These listings show published strategy details and any available rates. Use the filters to narrow by index, term, premium band, state rate set, or rate type.
Par: 130% · 1-yr
J.P. Morgan Mojave Index
Point-to-point
Selected state rate set (TX)5-yr surrender$100,000+
Par: 50% · 1-yr
S&P 500 Index
Point-to-point
Selected state rate set (TX)5-yr surrender$100,000+
Cap: 9.75% · 1-yr
S&P 500 Index
Point-to-point
Selected state rate set (TX)5-yr surrender$100,000+
Trigger: 6.3% · 1-yr
S&P 500 Index
Performance trigger
Selected state rate set (TX)5-yr surrender$100,000+
Fixed: 3.5% · 1-yr
Fixed Account
Fixed account
Selected state rate set (TX)5-yr surrender$100,000+
Rate not shown · 1-yr
J.P. Morgan Mojave Index
Point-to-point
Selected state rate set (TX)Rate effective Sep 29, 20265-yr surrender$100,000+
Rate not shown · 1-yr
S&P 500 Index
Point-to-point
Selected state rate set (TX)Rate effective Sep 29, 20265-yr surrender$100,000+
Rate not shown · 1-yr
Fixed Account
Fixed account
Selected state rate set (TX)Rate effective Sep 29, 20265-yr surrender$100,000+
Par: 120% · 1-yr
J.P. Morgan Mojave Index
Point-to-point
Selected state rate set (TX)5-yr surrender$100,000+
Par: 33% · 1-yr
S&P 500 Index
Point-to-point
Selected state rate set (TX)5-yr surrender$100,000+
Cap: 7.1% · 1-yr
S&P 500 Index
Point-to-point
Selected state rate set (TX)5-yr surrender$100,000+
Trigger: 5.05% · 1-yr
S&P 500 Index
Performance trigger
Selected state rate set (TX)5-yr surrender$100,000+
Fixed: 3.4% · 1-yr
Fixed Account
Fixed account
Selected state rate set (TX)5-yr surrender$100,000+
Rate not shown · 1-yr
Fixed Account
Fixed account
Selected state rate set (TX)Rate effective Sep 29, 20265-yr surrender$100,000+
Rate not shown · 1-yr
J.P. Morgan Mojave Index
Point-to-point
Selected state rate set (TX)Rate effective Sep 29, 20265-yr surrender$100,000+
Rate not shown · 1-yr
S&P 500 Index
Point-to-point
Selected state rate set (TX)Rate effective Sep 29, 20265-yr surrender$100,000+
Par: 170% · 2-yr
Citi Flexible Allocation 6 Index
Point-to-point
Selected state rate set (TX)5-yr surrender$100,000+
Rate not shown · 2-yr
Citi Flexible Allocation 6 Index
Point-to-point
Selected state rate set (TX)Rate effective Sep 29, 20265-yr surrender$100,000+
Par: 160% · 2-yr
Citi Flexible Allocation 6 Index
Point-to-point
Selected state rate set (TX)5-yr surrender$100,000+
Rate not shown · 2-yr
Citi Flexible Allocation 6 Index
Point-to-point
Selected state rate set (TX)Rate effective Sep 29, 20265-yr surrender$100,000+
Cap: 9.5% · 5-yr
S&P 500 Index
Point-to-point
Selected state rate set (TX)5-yr surrender$100,000+
Rate not shown · 5-yr
S&P 500 Index
Point-to-point
Selected state rate set (TX)Rate effective Sep 29, 20265-yr surrender$100,000+
Cap: 6.9% · 5-yr
S&P 500 Index
Point-to-point
Selected state rate set (TX)5-yr surrender$100,000+
Rate not shown · 5-yr
S&P 500 Index
Point-to-point
Selected state rate set (TX)Rate effective Sep 29, 20265-yr surrender$100,000+
Par: 132% · 1-yr
J.P. Morgan Mojave Index
Point-to-point
Selected state rate set (TX)7-yr surrender$100,000+
Par: 51% · 1-yr
S&P 500 Index
Point-to-point
Selected state rate set (TX)7-yr surrender$100,000+
Cap: 9.75% · 1-yr
S&P 500 Index
Point-to-point
Selected state rate set (TX)7-yr surrender$100,000+
Trigger: 6.4% · 1-yr
S&P 500 Index
Performance trigger
Selected state rate set (TX)7-yr surrender$100,000+
Fixed: 3.55% · 1-yr
Fixed Account
Fixed account
Selected state rate set (TX)7-yr surrender$100,000+
Rate not shown · 1-yr
Fixed Account
Fixed account
Selected state rate set (TX)Rate effective Sep 29, 20267-yr surrender$100,000+
Rate not shown · 1-yr
J.P. Morgan Mojave Index
Point-to-point
Selected state rate set (TX)Rate effective Sep 29, 20267-yr surrender$100,000+
Rate not shown · 1-yr
S&P 500 Index
Point-to-point
Selected state rate set (TX)Rate effective Sep 29, 20267-yr surrender$100,000+
Par: 122% · 1-yr
J.P. Morgan Mojave Index
Point-to-point
Selected state rate set (TX)7-yr surrender$100,000+
Par: 34% · 1-yr
S&P 500 Index
Point-to-point
Selected state rate set (TX)7-yr surrender$100,000+
Cap: 7.2% · 1-yr
S&P 500 Index
Point-to-point
Selected state rate set (TX)7-yr surrender$100,000+
Trigger: 5.15% · 1-yr
S&P 500 Index
Performance trigger
Selected state rate set (TX)7-yr surrender$100,000+
Fixed: 3.45% · 1-yr
Fixed Account
Fixed account
Selected state rate set (TX)7-yr surrender$100,000+
Rate not shown · 1-yr
Fixed Account
Fixed account
Selected state rate set (TX)Rate effective Sep 29, 20267-yr surrender$100,000+
Rate not shown · 1-yr
J.P. Morgan Mojave Index
Point-to-point
Selected state rate set (TX)Rate effective Sep 29, 20267-yr surrender$100,000+
Rate not shown · 1-yr
S&P 500 Index
Point-to-point
Selected state rate set (TX)Rate effective Sep 29, 20267-yr surrender$100,000+
Par: 175% · 2-yr
Citi Flexible Allocation 6 Index
Point-to-point
Selected state rate set (TX)7-yr surrender$100,000+
Rate not shown · 2-yr
Citi Flexible Allocation 6 Index
Point-to-point
Selected state rate set (TX)Rate effective Sep 29, 20267-yr surrender$100,000+
Par: 165% · 2-yr
Citi Flexible Allocation 6 Index
Point-to-point
Selected state rate set (TX)7-yr surrender$100,000+
Rate not shown · 2-yr
Citi Flexible Allocation 6 Index
Point-to-point
Selected state rate set (TX)Rate effective Sep 29, 20267-yr surrender$100,000+
Cap: 9.5% · 7-yr
S&P 500 Index
Point-to-point
Selected state rate set (TX)7-yr surrender$100,000+
Rate not shown · 7-yr
S&P 500 Index
Point-to-point
Selected state rate set (TX)Rate effective Sep 29, 20267-yr surrender$100,000+
Cap: 7% · 7-yr
S&P 500 Index
Point-to-point
Selected state rate set (TX)7-yr surrender$100,000+
Rate not shown · 7-yr
S&P 500 Index
Point-to-point
Selected state rate set (TX)Rate effective Sep 29, 20267-yr surrender$100,000+
The CANNEX information identifies this product as tax-deferred accumulation. Compare cap, participation rate, fees, liquidity, and surrender terms; use a separate payout-focused contract when guaranteed payout mechanics are required.
Common questions about Protective Asset Builder II
● Can I lose money in Protective Asset Builder II?
A negative index return by itself does not reduce the contract's account value: Protective Asset Builder II credits 0% — the floor — for that indexed period. The account value can still decrease from withdrawals, surrender charges, other contract-specific deductions. In years with no credited interest, those deductions can reduce the account value. Up to 10% of your value can be withdrawn each year without a charge; withdrawals above the penalty-free amount during the surrender period can incur a surrender charge.
● When can I access my money without a surrender charge?
Up to 10% of your account value each year is penalty-free. The scheduled surrender charges run 7 years; after that the surrender-charge schedule ends. Bonus vesting, market value adjustments when applicable, and other contract rules can still affect the amount available. The Liquidity tab of the analyzer shows the year-by-year surrender charge.
● How do Protective Asset Builder II's crediting strategies compare?
Use "Compare against" in the analyzer to overlay another available Protective Asset Builder II strategy on the same premium, age, years, and hypothetical index path. The control labels the strategy type, rate, index, and context so caps, participation rates, triggers, spreads, and fixed-account choices are not treated as interchangeable.
Key Features
Free withdrawal
10%/yr
Annual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
3
Nursing home waiver, Terminal illness waiver, Unemployment waiver
Death benefit
Standard Death Benefit
Beneficiary value depends on contract terms, withdrawals, and rider elections.
Cap-rate floor
1.50%
Minimum guaranteed cap for cap-based indexed strategies.
Declared-rate floor
1.25%
Minimum guaranteed declared rate for declared-rate or performance-trigger strategies.
Fixed account guarantee
1.00%
Guaranteed minimum interest rate for the fixed account.
Participation-rate floor
10.00%
Minimum guaranteed participation rate for participation-rate indexed strategies.
Fund types
Non-qualified, Qualified
Availability can vary by state and product terms.
Surrender schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
Nursing home waiver, Terminal illness waiver, Unemployment waiver
Direct link not published — request the document from the carrier.
Carrier Ratings
AM BestA+
FitchAA-
Moody'sAa3
S&PAA-
Contract notes from product data
Crediting design
How the interest-crediting choices are framed
Protective Asset Builder II currently shows 41 distinct indexed or fixed crediting choices across 60 displayed rate entries, including S&P 500 Index, with 12 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, and renewal terms are different mechanics and should not be ranked as one simple rate list.
S&P 500 Index: 9.75% annual cap
S&P 500 Index: 9.65% annual cap
S&P 500 Index: 7.1% annual cap
S&P 500 Index: 7.2% annual cap
Liquidity terms
Why access rules deserve as much attention as rates
A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.
10%/yr free withdrawal
7 surrender years
Nursing home waiver
Terminal illness waiver
Unemployment waiver
Verification note
Use carrier materials as term evidence, then confirm the current version
Carrier materials such as PAC-1635233-12-25-Protective-Asset-Builder-II-At-a-Glance-01-08-26-Digital.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 24, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.
Rates and rider terms can vary by state and issue age
Carrier guarantees depend on claims-paying ability
Current contract forms should be confirmed before purchase
Free Comparison Report
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See how Protective Asset Builder II compares for your age, state, premium, and income goals alongside other Protective Life Insurance Company fixed indexed annuity options.
Cite this page for its methodology or interpretation. Current figures may refresh, so this canonical page URL is not a frozen data citation. To quote a market statistic, use the citation showing its observed as-of date and immutable JSON verification URL published by the Annuity Rate Statistics hub. Bulk product-level CANNEX records are not licensed for redistribution.