Protective Guaranteed Income
Protective Life Insurance Company
3.25%
Best Cap
10%
Free W/D
50
States
A deferred indexed annuity designed to create guaranteed lifetime income in retirement. Combines market-linked growth potential with guaranteed income payments that can't be affected by market downturns, helping retirees never run out of money.
Free Withdrawal
10%/yr
Available In
50 states
Min Premium
$25,000
Surrender
10 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| Citi Flexible Allocation 6 Index | 2-Year | -- | 55% | -- |
| S&P 500 Index | Annual | 3.25% | 100% | -- |
| Fixed Account | Daily | -- | -- | 3% |
Key Features
Guaranteed Income Benefit
Withdrawals range from 3.5%-7.85% depending on age and option chosenA protected lifetime income benefit that guarantees annual withdrawal amounts for life based on your benefit base, regardless of contract value or market performance
Benefit Base Growth
4% annual roll-up + 15% bonus at year 5 + 20% bonus at year 10Your benefit base grows each year with a guaranteed 4% simple interest roll-up plus step-ups if contract value outperforms, plus bonuses for waiting to take income
Multiple Income Options
Two distinct withdrawal strategies to match spending patternsChoose between level income (higher initial payments) or rising income (payments increase annually until contract value depletes)
Indexed Crediting Strategies
Multiple crediting methods: fixed interest, annual point-to-point, 2-year participation & spread, annual rate capAllocate funds to fixed interest or index-based strategies tied to S&P 500 or Citi Flexible Allocation 6 Index without direct stock ownership
Penalty-Free Withdrawals
10% annual access plus additional waivers for nursing facility confinement, terminal illness, or unemploymentAccess 10% of your contract value annually without withdrawal charges during the 10-year surrender period
Death Benefit
No additional cost; protects your legacyIf you pass away before starting income payments, beneficiaries receive the greater of contract value or minimum surrender value
Highlights
Guaranteed lifetime income that continues regardless of market performance or how long you live
Benefit base grows with 4% annual roll-up plus bonuses (15% after 5 years, 20% after 10 years)
Choice of level or rising income options to match your retirement spending needs
Protected growth potential through indexed crediting strategies with downside protection
Access to 10% of contract value annually penalty-free during withdrawal charge period
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
Investors age 50-79 seeking guaranteed retirement income who want downside protection while maintaining growth potential and have at least $25,000 to invest.
Consider Alternatives If
Those needing immediate liquidity, investors with less than $25,000 to invest, or those requiring frequent access to funds without withdrawal charges.
Carrier Ratings
Free Comparison Report
Get a personalized Protective Guaranteed Income illustration
See year-by-year projections for your specific age, premium, and income goals.
Protective Life Insurance Company Discussions
E2E curl probe 1777013999000
Customer satisfaction drops 6 points while 92% of retirees fear inflation
DIAs vs SPIAs: Why Waiting 2 Years Could Boost Your Payout by 1.5-2%
Athene Aviator FIA: Does 'Simplified' Mean Lower Returns?
From the AdvisorWorld.com Community