Protective Asset Builder II
Protective Life Insurance Company
7.5%
Best Cap
10%
Free W/D
50
States
An indexed annuity that credits interest based on stock market index performance while protecting against market downside, designed for people ages 0-85 seeking growth with safety and eventual retirement income.
Free Withdrawal
10%/yr
Available In
50 states
Min Premium
$10,000
Surrender
10 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| Citi Flexible Allocation 6 Index | 2-Year | -- | 145% | -- |
| J.P. Morgan Mojave Index | Annual | -- | 108% | -- |
| S&P 500 Index | Annual | 7.5% | 100% | -- |
| Fixed Account | Daily | -- | -- | 3.5% |
Key Features
Point-to-Point with Participation Rate
Available on all three indicesAnnual interest credits calculated by multiplying index performance by a predetermined participation rate
Point-to-Point with Cap
1-year or guaranteed-for-term optionsInterest credits when index performance is positive, capped at an effective maximum rate; can be locked in for your withdrawal charge period
Point-to-Point with Trigger
S&P 500 Index onlyAnnual interest credits using a preset trigger rate when index performance is positive or flat
Penalty-Free Withdrawals
10% annually, minus prior withdrawalsAccess 10% of your purchase payment in year one, then 10% of contract value annually without surrender charges
Withdrawal Charge Schedules
5-year: 9%-5%; 7-year: 9%-3%Charges decline each year; shorter 5-year schedule or longer 7-year schedule available
Return of Purchase Option
Lower interest rate contracts without this featureSurrender the contract to recover 100% of premiums paid (minus withdrawals and taxes) before annuitization
Protective Waivers
State variations apply; not available in all statesWaive withdrawal charges and Market Value Adjustment if you qualify for nursing facility, terminal illness, or unemployment
Death Benefit
Automatic; no additional costBeneficiaries receive the greater of current contract value or minimum surrender value
Annuitization Flexibility
Four primary annuitization choicesConvert to guaranteed income for life, a specific term, or combination; include cash or installment refund options
Highlights
Indexed interest credits tied to market performance with multiple allocation strategies to match your risk comfort
Flexible withdrawal options with penalty-free access to 10% annually, plus protective waivers for nursing facility or unemployment
Choice of three market indices (S&P 500, J.P. Morgan Mojave, Citi Flexible Allocation 6) to diversify your growth potential
Guaranteed return of purchase payments option allows you to recover your full investment before annuitization
Multiple annuitization choices including lifetime income, term-certain, and refund options for retirement income security
Surrender Schedule
Yr 1
9%
Yr 2
9%
Yr 3
8%
Yr 4
7%
Yr 5
6%
Yr 6
5%
Yr 7
4%
Yr 8
3%
Yr 9
2%
Yr 10
1%
After
0%
Nursing home waiver, Terminal illness waiver, Unemployment waiver
Best For
People seeking market-linked growth with downside protection who want guaranteed lifetime income later and need some flexibility to access their money during the accumulation phase.
Consider Alternatives If
Investors needing immediate liquidity or those unwilling to accept surrender charges and withdrawal restrictions during the initial 5-7 year period.
Carrier Ratings
Free Comparison Report
Get a personalized Protective Asset Builder II illustration
See year-by-year projections for your specific age, premium, and income goals.