Fixed Indexed Annuity

Protective Asset Builder II

Protective Life Insurance Company

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9.25%

Best S&P 500 Annual Cap

10%

Free W/D

Available jurisdictions

Product data status: September 18, 2026

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. Index losses credit 0% — the floor — so a down market never reduces your value.

Product analyzer

Illustrative — live CANNEX rates as of September 18, 2026; not a projection or guarantee.

Premium$100,000

Your age60

Surrender term

Crediting strategy

Compare against

$307,812

Est. value at age 80 (Protective Asset Builder II)

9.25%

Best S&P 500 1-yr point-to-point cap

S&P 500 Index — 9.25% 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 (9.25% 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 September 18, 2026.

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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.

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rate data

Run numbers for Protective Asset Builder II

rates, riders, crediting strategies, state availability, and contract facts stay scoped to this Protective Life Insurance Company product.

Live product data

Rates as of September 18, 2026, from AdvisorWorld and CANNEX.

S&P 500 cap rate (annual point-to-point)

9.25% 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

unknown

9.25% cap rate

Annual cap

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

unknown

9.25% cap rate

Annual cap

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

unknown

9.15% cap rate

Annual cap

1-year term · 10-year surrender · $100,000+

1-year term

10-year surrender

$100,000+

S&P 500

S&P 500 Index

unknown

7.1% cap rate

Annual cap

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

unknown

7.2% cap rate

Annual cap

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

unknown

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

unknown

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

unknown

6.45% trigger rate

Performance trigger

1-year term · 10-year surrender · $100,000+

1-year term

10-year surrender

$100,000+

S&P 500

S&P 500 Index

unknown

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

unknown

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

unknown

50% participation rate

Participation

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

unknown

51% participation rate

Participation

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

unknown

52% participation rate

Participation

1-year term · 10-year surrender · $100,000+

1-year term

10-year surrender

$100,000+

S&P 500

S&P 500 Index

unknown

33% participation rate

Participation

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

unknown

34% participation rate

Participation

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

unknown

Rate detail not shown

Annual crediting

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

unknown

Rate detail not shown

Annual crediting

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

unknown

Rate detail not shown

Annual crediting

1-year term · 10-year surrender · $100,000+

1-year term

10-year surrender

$100,000+

S&P 500

S&P 500 Index

unknown

9% cap rate

Annual cap

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

unknown

6.9% cap rate

Annual cap

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

unknown

Rate detail not shown

Annual crediting

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

unknown

9% cap rate

Annual cap

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

unknown

7% cap rate

Annual cap

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

unknown

Rate detail not shown

Annual crediting

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

unknown

8.9% cap rate

Annual cap

10-year term · 10-year surrender · $100,000+

10-year term

10-year surrender

$100,000+

S&P 500

S&P 500 Index

unknown

Rate detail not shown

Annual crediting

10-year term · 10-year surrender · $100,000+

10-year term

10-year surrender

$100,000+

+ 24 additional crediting options (J.P. Morgan, Index not, 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.

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All crediting strategies

View rate listings (60 strategies)

These are the current crediting strategies available for this product. 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

unknown