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Fixed Indexed Annuity

Protective Asset Builder II

Protective Life Insurance Company

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8.7%

Best S&P 500 Annual Cap

10%

Free W/D

50

Jurisdictions

Product data status: July 3, 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, income, and liquidity. Index losses credit 0% — the floor — so a down market never reduces your value.

Product analyzer
Illustrative — live CANNEX rates as of July 3, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$303,045
Est. value at age 80 (Protective Asset Builder II)
8.7%
Best S&P 500 1-yr point-to-point cap
S&P 500 Index — 8.7% Cap (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 (8.7% 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 July 3, 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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Live rate data

Run live numbers for Protective Asset Builder II

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

Live product data

Rates as of July 2, 2026, based on the latest AdvisorWorld scan of CANNEX data.

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

8.7% 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 termAdvisorWorld + CANNEX data

Best fit

Buyers committing to the contract's fixed surrender window (see surrenderYears on this page) who want index-linked accumulation with downside protection, value the option to choose among multiple crediting-term lengths on the S&P 500 cap strategy within that surrender chassis, and are comfortable building their own growth thesis 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

Index / strategyRate mechanics

S&P 500

S&P 500 Index

8.7% cap rate

Annual cap

Selected state rate set (TX)

1-year term · 5-year surrender · $100,000+

Rate varies by premium band.

S&P 500

S&P 500 Index

8.7% cap rate

Annual cap

Selected state rate set (TX)

1-year term · 7-year surrender · $100,000+

Rate varies by premium band.

S&P 500

S&P 500 Index

8.6% cap rate

Annual cap

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

Rate varies by premium band.

S&P 500

S&P 500 Index

7.1% cap rate

Annual cap

Selected state rate set (TX)

1-year term · 5-year surrender · $100,000+

Rate varies by premium band.

S&P 500

S&P 500 Index

7.2% cap rate

Annual cap

Selected state rate set (TX)

1-year term · 7-year surrender · $100,000+

Rate varies by premium band.

S&P 500

S&P 500 Index

6.05% trigger rate

Performance trigger

Selected state rate set (TX)

1-year term · 5-year surrender · $100,000+

Rate varies by premium band.

S&P 500

S&P 500 Index

6.15% trigger rate

Performance trigger

Selected state rate set (TX)

1-year term · 7-year surrender · $100,000+

Rate varies by premium band.

S&P 500

S&P 500 Index

6.2% trigger rate

Performance trigger

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

Rate varies by premium band.

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+

Rate varies by premium band.

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+

Rate varies by premium band.

S&P 500

S&P 500 Index

40% participation rate

Participation

Selected state rate set (TX)

1-year term · 5-year surrender · $100,000+

Rate varies by premium band.

S&P 500

S&P 500 Index

41% participation rate

Participation

Selected state rate set (TX)

1-year term · 7-year surrender · $100,000+

Rate varies by premium band.

S&P 500

S&P 500 Index

42% participation rate

Participation

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

Rate varies by premium band.

S&P 500

S&P 500 Index

33% participation rate

Participation

Selected state rate set (TX)

1-year term · 5-year surrender · $100,000+

Rate varies by premium band.

S&P 500

S&P 500 Index

34% participation rate

Participation

Selected state rate set (TX)

1-year term · 7-year surrender · $100,000+

Rate varies by premium band.

S&P 500

S&P 500 Index

8.45% cap rate

Annual cap

Selected state rate set (TX)

5-year term · 5-year surrender · $100,000+

Rate varies by premium band.

S&P 500

S&P 500 Index

6.9% cap rate

Annual cap

Selected state rate set (TX)

5-year term · 5-year surrender · $100,000+

Rate varies by premium band.

S&P 500

S&P 500 Index

8.45% cap rate

Annual cap

Selected state rate set (TX)

7-year term · 7-year surrender · $100,000+

Rate varies by premium band.

S&P 500

S&P 500 Index

7% cap rate

Annual cap

Selected state rate set (TX)

7-year term · 7-year surrender · $100,000+

Rate varies by premium band.

S&P 500

S&P 500 Index

8.35% cap rate

Annual cap

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

Rate varies by premium band.

Fixed Account

Fixed Account

3.5% declared rate

Fixed account

Selected state rate set (TX)

1-year term · 5-year surrender · $100,000+

Rate varies by premium band.

Fixed Account

Fixed Account

3.55% declared rate

Fixed account

Selected state rate set (TX)

1-year term · 7-year surrender · $100,000+

Rate varies by premium band.

Fixed Account

Fixed Account

3.65% declared rate

Fixed account

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

Rate varies by premium band.

Fixed Account

Fixed Account

3.4% declared rate

Fixed account

Selected state rate set (TX)

1-year term · 5-year surrender · $100,000+

Rate varies by premium band.

Fixed Account

Fixed Account

3.45% declared rate

Fixed account

Selected state rate set (TX)

1-year term · 7-year surrender · $100,000+

Rate varies by premium band.

+ 28 additional crediting options (J.P. Morgan, Citi Flexible...)

Product analyst notes

How to think about this contract

Why it can stand out

  • The contract sits on a single surrender chassis (see surrenderYears on this page), and within that chassis the buyer chooses among multiple crediting-term options on the S&P 500 cap strategy — a one-year reset, a multi-year point-to-point at a longer term, and a long-dated point-to-point — so the buyer can pick the term length of the crediting math 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-return 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 (105 rows)

These are the current crediting strategy listings returned 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

participation

Selected state rate set (TX)5-yr surrender$100,000+

Par: 40% · 1-yr

S&P 500 Index

participation

Selected state rate set (TX)5-yr surrender$100,000+

Cap: 8.7% · 1-yr

S&P 500 Index

cap

Selected state rate set (TX)5-yr surrender$100,000+

Trigger: 6.05% · 1-yr

S&P 500 Index

trigger

Selected state rate set (TX)5-yr surrender$100,000+

Fixed: 3.5% · 1-yr

Fixed Account

fixed

Selected state rate set (TX)5-yr surrender$100,000+

Par: 120% · 1-yr

J.P. Morgan Mojave Index

participation

Selected state rate set (TX)5-yr surrender$100,000+

Par: 33% · 1-yr

S&P 500 Index

participation

Selected state rate set (TX)5-yr surrender$100,000+

Cap: 7.1% · 1-yr

S&P 500 Index

cap

Selected state rate set (TX)5-yr surrender$100,000+

Trigger: 5.05% · 1-yr

S&P 500 Index

trigger

Selected state rate set (TX)5-yr surrender$100,000+

Fixed: 3.4% · 1-yr

Fixed Account

fixed

Selected state rate set (TX)5-yr surrender$100,000+

Par: 170% · 2-yr

Citi Flexible Allocation 6 Index

participation

Selected state rate set (TX)5-yr surrender$100,000+

Par: 160% · 2-yr

Citi Flexible Allocation 6 Index

participation

Selected state rate set (TX)5-yr surrender$100,000+

Cap: 8.45% · 5-yr

S&P 500 Index

cap

Selected state rate set (TX)5-yr surrender$100,000+

Cap: 6.9% · 5-yr

S&P 500 Index

cap

Selected state rate set (TX)5-yr surrender$100,000+

Par: 125% · 1-yr

J.P. Morgan Mojave Index

participation

Selected state rate set (TX)5-yr surrender$50,000 - $99,999.99

Par: 35% · 1-yr

S&P 500 Index

participation

Selected state rate set (TX)5-yr surrender$50,000 - $99,999.99

Cap: 7.4% · 1-yr

S&P 500 Index

cap

Selected state rate set (TX)5-yr surrender$50,000 - $99,999.99

Trigger: 4.85% · 1-yr

S&P 500 Index

trigger

Selected state rate set (TX)5-yr surrender$50,000 - $99,999.99

Fixed: 3.45% · 1-yr

Fixed Account

fixed

Selected state rate set (TX)5-yr surrender$50,000 - $99,999.99

Par: 112% · 1-yr

J.P. Morgan Mojave Index

participation

Selected state rate set (TX)5-yr surrender$50,000 - $99,999.99

Par: 29% · 1-yr

S&P 500 Index

participation

Selected state rate set (TX)5-yr surrender$50,000 - $99,999.99

Cap: 5.65% · 1-yr

S&P 500 Index

cap

Selected state rate set (TX)5-yr surrender$50,000 - $99,999.99

Trigger: 4% · 1-yr

S&P 500 Index

trigger

Selected state rate set (TX)5-yr surrender$50,000 - $99,999.99

Fixed: 3.35% · 1-yr

Fixed Account

fixed

Selected state rate set (TX)5-yr surrender$50,000 - $99,999.99

Par: 160% · 2-yr

Citi Flexible Allocation 6 Index

participation

Selected state rate set (TX)5-yr surrender$50,000 - $99,999.99

Par: 147% · 2-yr

Citi Flexible Allocation 6 Index

participation

Selected state rate set (TX)5-yr surrender$50,000 - $99,999.99

Cap: 7.25% · 5-yr

S&P 500 Index

cap

Selected state rate set (TX)5-yr surrender$50,000 - $99,999.99

Cap: 5.55% · 5-yr

S&P 500 Index

cap

Selected state rate set (TX)5-yr surrender$50,000 - $99,999.99

Par: 108% · 1-yr

J.P. Morgan Mojave Index

participation

Selected state rate set (TX)5-yr surrenderUp to $49,999.99

Par: 26% · 1-yr

S&P 500 Index

participation

Selected state rate set (TX)5-yr surrenderUp to $49,999.99

Cap: 5.6% · 1-yr

S&P 500 Index

cap

Selected state rate set (TX)5-yr surrenderUp to $49,999.99

Trigger: 4.05% · 1-yr

S&P 500 Index

trigger

Selected state rate set (TX)5-yr surrenderUp to $49,999.99

Fixed: 3% · 1-yr

Fixed Account

fixed

Selected state rate set (TX)5-yr surrenderUp to $49,999.99

Par: 98% · 1-yr

J.P. Morgan Mojave Index

participation

Selected state rate set (TX)5-yr surrenderUp to $49,999.99

Par: 24% · 1-yr

S&P 500 Index

participation

Selected state rate set (TX)5-yr surrenderUp to $49,999.99

Cap: 4.95% · 1-yr

S&P 500 Index

cap

Selected state rate set (TX)5-yr surrenderUp to $49,999.99

Trigger: 3.55% · 1-yr

S&P 500 Index

trigger

Selected state rate set (TX)5-yr surrenderUp to $49,999.99

Fixed: 3% · 1-yr

Fixed Account

fixed

Selected state rate set (TX)5-yr surrenderUp to $49,999.99

Par: 140% · 2-yr

Citi Flexible Allocation 6 Index

participation

Selected state rate set (TX)5-yr surrenderUp to $49,999.99

Par: 131% · 2-yr

Citi Flexible Allocation 6 Index

participation

Selected state rate set (TX)5-yr surrenderUp to $49,999.99

Cap: 5.45% · 5-yr

S&P 500 Index

cap

Selected state rate set (TX)5-yr surrenderUp to $49,999.99

Cap: 4.8% · 5-yr

S&P 500 Index

cap

Selected state rate set (TX)5-yr surrenderUp to $49,999.99

Par: 132% · 1-yr

J.P. Morgan Mojave Index

participation

Selected state rate set (TX)7-yr surrender$100,000+

Par: 41% · 1-yr

S&P 500 Index

participation

Selected state rate set (TX)7-yr surrender$100,000+

Cap: 8.7% · 1-yr

S&P 500 Index

cap

Selected state rate set (TX)7-yr surrender$100,000+

Trigger: 6.15% · 1-yr

S&P 500 Index

trigger

Selected state rate set (TX)7-yr surrender$100,000+

Fixed: 3.55% · 1-yr

Fixed Account

fixed

Selected state rate set (TX)7-yr surrender$100,000+

Par: 122% · 1-yr

J.P. Morgan Mojave Index

participation

Selected state rate set (TX)7-yr surrender$100,000+

Par: 34% · 1-yr

S&P 500 Index

participation

Selected state rate set (TX)7-yr surrender$100,000+

Cap: 7.2% · 1-yr

S&P 500 Index

cap

Selected state rate set (TX)7-yr surrender$100,000+

Trigger: 5.15% · 1-yr

S&P 500 Index

trigger

Selected state rate set (TX)7-yr surrender$100,000+

Fixed: 3.45% · 1-yr

Fixed Account

fixed

Selected state rate set (TX)7-yr surrender$100,000+

Par: 175% · 2-yr

Citi Flexible Allocation 6 Index

participation

Selected state rate set (TX)7-yr surrender$100,000+

Par: 165% · 2-yr

Citi Flexible Allocation 6 Index

participation

Selected state rate set (TX)7-yr surrender$100,000+

Cap: 8.45% · 7-yr

S&P 500 Index

cap

Selected state rate set (TX)7-yr surrender$100,000+

Cap: 7% · 7-yr

S&P 500 Index

cap

Selected state rate set (TX)7-yr surrender$100,000+

Par: 127% · 1-yr

J.P. Morgan Mojave Index

participation

Selected state rate set (TX)7-yr surrender$50,000 - $99,999.99

Par: 36% · 1-yr

S&P 500 Index

participation

Selected state rate set (TX)7-yr surrender$50,000 - $99,999.99

Cap: 7.65% · 1-yr

S&P 500 Index

cap

Selected state rate set (TX)7-yr surrender$50,000 - $99,999.99

Trigger: 4.95% · 1-yr

S&P 500 Index

trigger

Selected state rate set (TX)7-yr surrender$50,000 - $99,999.99

Fixed: 3.5% · 1-yr

Fixed Account

fixed

Selected state rate set (TX)7-yr surrender$50,000 - $99,999.99

Par: 114% · 1-yr

J.P. Morgan Mojave Index

participation

Selected state rate set (TX)7-yr surrender$50,000 - $99,999.99

Par: 30% · 1-yr

S&P 500 Index

participation

Selected state rate set (TX)7-yr surrender$50,000 - $99,999.99

Cap: 5.7% · 1-yr

S&P 500 Index

cap

Selected state rate set (TX)7-yr surrender$50,000 - $99,999.99

Trigger: 4.1% · 1-yr

S&P 500 Index

trigger

Selected state rate set (TX)7-yr surrender$50,000 - $99,999.99

Fixed: 3.4% · 1-yr

Fixed Account

fixed

Selected state rate set (TX)7-yr surrender$50,000 - $99,999.99

Par: 165% · 2-yr

Citi Flexible Allocation 6 Index

participation

Selected state rate set (TX)7-yr surrender$50,000 - $99,999.99

Par: 152% · 2-yr

Citi Flexible Allocation 6 Index

participation

Selected state rate set (TX)7-yr surrender$50,000 - $99,999.99

Cap: 7.5% · 7-yr

S&P 500 Index

cap

Selected state rate set (TX)7-yr surrender$50,000 - $99,999.99

Cap: 5.6% · 7-yr

S&P 500 Index

cap

Selected state rate set (TX)7-yr surrender$50,000 - $99,999.99

Par: 110% · 1-yr

J.P. Morgan Mojave Index

participation

Selected state rate set (TX)7-yr surrenderUp to $49,999.99

Par: 27% · 1-yr

S&P 500 Index

participation

Selected state rate set (TX)7-yr surrenderUp to $49,999.99

Cap: 5.8% · 1-yr

S&P 500 Index

cap

Selected state rate set (TX)7-yr surrenderUp to $49,999.99

Trigger: 4.1% · 1-yr

S&P 500 Index

trigger

Selected state rate set (TX)7-yr surrenderUp to $49,999.99

Fixed: 3.05% · 1-yr

Fixed Account

fixed

Selected state rate set (TX)7-yr surrenderUp to $49,999.99

Par: 101% · 1-yr

J.P. Morgan Mojave Index

participation

Selected state rate set (TX)7-yr surrenderUp to $49,999.99

Par: 25% · 1-yr

S&P 500 Index

participation

Selected state rate set (TX)7-yr surrenderUp to $49,999.99

Cap: 5% · 1-yr

S&P 500 Index

cap

Selected state rate set (TX)7-yr surrenderUp to $49,999.99

Trigger: 3.6% · 1-yr

S&P 500 Index

trigger

Selected state rate set (TX)7-yr surrenderUp to $49,999.99

Fixed: 3.05% · 1-yr

Fixed Account

fixed

Selected state rate set (TX)7-yr surrenderUp to $49,999.99

Par: 145% · 2-yr

Citi Flexible Allocation 6 Index

participation

Selected state rate set (TX)7-yr surrenderUp to $49,999.99

Par: 136% · 2-yr

Citi Flexible Allocation 6 Index

participation

Selected state rate set (TX)7-yr surrenderUp to $49,999.99

Cap: 5.65% · 7-yr

S&P 500 Index

cap

Selected state rate set (TX)7-yr surrenderUp to $49,999.99

Cap: 4.85% · 7-yr

S&P 500 Index

cap

Selected state rate set (TX)7-yr surrenderUp to $49,999.99

Par: 140% · 1-yr

J.P. Morgan Mojave Index

participation

10-yr surrender$100,000+

Par: 42% · 1-yr

S&P 500 Index

participation

10-yr surrender$100,000+

Cap: 8.6% · 1-yr

S&P 500 Index

cap

10-yr surrender$100,000+

Trigger: 6.2% · 1-yr

S&P 500 Index

trigger

10-yr surrender$100,000+

Fixed: 3.65% · 1-yr

Fixed Account

fixed

10-yr surrender$100,000+

Cap: 8.35% · 10-yr

S&P 500 Index

cap

10-yr surrender$100,000+

Par: 180% · 2-yr

Citi Flexible Allocation 6 Index

participation

10-yr surrender$100,000+

Par: 130% · 1-yr

J.P. Morgan Mojave Index

participation

10-yr surrender$50,000 - $99,999.99

Par: 37% · 1-yr

S&P 500 Index

participation

10-yr surrender$50,000 - $99,999.99

Cap: 7.35% · 1-yr

S&P 500 Index

cap

10-yr surrender$50,000 - $99,999.99

Trigger: 5% · 1-yr

S&P 500 Index

trigger

10-yr surrender$50,000 - $99,999.99

Fixed: 3.55% · 1-yr

Fixed Account

fixed

10-yr surrender$50,000 - $99,999.99

Cap: 7.15% · 10-yr

S&P 500 Index

cap

10-yr surrender$50,000 - $99,999.99

Par: 167% · 2-yr

Citi Flexible Allocation 6 Index

participation

10-yr surrender$50,000 - $99,999.99

Par: 112% · 1-yr

J.P. Morgan Mojave Index

participation

10-yr surrenderUp to $49,999.99

Par: 28% · 1-yr

S&P 500 Index

participation

10-yr surrenderUp to $49,999.99

Cap: 5.4% · 1-yr

S&P 500 Index

cap

10-yr surrenderUp to $49,999.99

Trigger: 4.1% · 1-yr

S&P 500 Index

trigger

10-yr surrenderUp to $49,999.99

Fixed: 3.1% · 1-yr

Fixed Account

fixed

10-yr surrenderUp to $49,999.99

Cap: 5.2% · 10-yr

S&P 500 Index

cap

10-yr surrenderUp to $49,999.99

Par: 151% · 2-yr

Citi Flexible Allocation 6 Index

participation

10-yr surrenderUp to $49,999.99

Income riders

Accumulation-focused — no income rider

This contract is designed for tax-deferred accumulation, not guaranteed lifetime income. No GLWB rider was returned because none is part of the contract design — compare against other accumulation FIAs on cap, participation rate, and surrender terms rather than lifetime income.

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 applicable rider fees, Performance Rate Rider or other strategy charges, administrative charges, withdrawals, surrender charges, or 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 surrender period runs 7 years; after that you reach full liquidity. 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 current 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.

Annuitization options

Single life

Contract conversion options should be confirmed before purchase.

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, Surrender waivers

Documents

brochure

PAC-1635233-12-25-Protective-Asset-Builder-II-At-a-Glance-01-08-26-Digital.pdf

Confidence: highReviewed Apr 8, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestA+
S&PAA-
Moody'sA1
S&PAA-

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

Protective Asset Builder II currently shows 80 distinct indexed or fixed crediting choices across 105 current rate listings, including S&P 500 Index, with 26 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, renewal terms, and fee-bearing rider variants are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 8.7% annual cap
  • S&P 500 Index: 8.6% 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

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