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Fixed Indexed Annuity

Protective Guaranteed Income — Protective Life Insurance Company

Protective Life Insurance Company

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3.25%

Best S&P 500 Annual Cap

10%

Free W/D

50

Available jurisdictions

Product data status: October 2, 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 Guaranteed Income would do for you

Set your numbers and switch between growth, income, and liquidity. 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
$171,822
Gross crediting illustration at age 80 (Protective Guaranteed Income)
Excludes the 1.2% annual Guaranteed Income Benefit - Level Income Option charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Income Benefit - Level Income Option charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Income Benefit - Rising Income Option charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Income Benefit - Rising Income Option charge (income option; applicability depends on contract terms). This is not a net contract value.
3.25%
Best S&P 500 1-yr point-to-point cap

Gross crediting illustration for each line; excludes the 1.2% annual Guaranteed Income Benefit - Level Income Option charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Income Benefit - Level Income Option charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Income Benefit - Rising Income Option charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Income Benefit - Rising Income Option charge (income option; applicability depends on contract terms).

S&P 500 Index — 3.25% Cap (Unknown · Annual)
✦
How crediting works: the cap limits positive index returns; a down index year has 0% index credit before rider charges. This illustration deducts no rider charge and is not a net contract value. A cap strategy tracks the index within its terms. What is a cap vs participation? →
Assumptions: illustrative — applies Protective Guaranteed Income's published cap rate (3.25% 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. Gross crediting only: this illustration excludes the 1.2% annual Guaranteed Income Benefit - Level Income Option charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Income Benefit - Level Income Option charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Income Benefit - Rising Income Option charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Income Benefit - Rising Income Option charge (income option; applicability depends on contract terms) reported in the source. Applicable rider charges depend on contract terms; their deduction bases are not modeled. Each listed charge is not deducted, and no net contract value is shown. Not a projection, quote, or guarantee. Live CANNEX rates as of October 2, 2026.

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See how Protective Guaranteed Income 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 Guaranteed Income

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.

GLWB lifetime payout rate

4.5% lifetime payout + 4%/yr · simple · for up to 15 years roll-up

An income-led fixed indexed annuity on a 10-year surrender chassis from a multi-agency-rated A+-grade carrier, built around an optional GLWB rider in two flavors (Level Income and Rising Income), with an income-base premium bonus, a published deferral roll-up, RMD-friendly rider mechanics, and an S&P 500 cap plus Citi participation strategy underneath.

1.2% annual rider feeRMD-friendly income ridersAdvisorWorld + CANNEX data

Best fit

Buyers committing to a 10-year surrender who want lifetime income from a real, optional GLWB rider — with a meaningful income-base bonus and a published roll-up driving the income base during deferral — and qualified-money buyers who need RMD-friendly rider mechanics.

AM Best

A+ Superior

Surrender period

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

3.25% cap rate

Annual point-to-point

Requested state: TX

1-year term · 10-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+

S&P 500

S&P 500 Index

3% cap rate

10-year point-to-point

Requested state: TX

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+

Fixed Account

Fixed Account

3.15% declared rate

Fixed account

Requested state: TX

1-year term · 10-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+

+ 2 additional crediting options (Citi Flexible...)

Lifetime Income Riders

Income rider

Guaranteed Income Benefit - Income Option

RMD friendly
Lifetime payout rate4.5% lifetime payout
Annual rider fee1.2% annual rider fee
Guaranteed roll-up4%/yr · simple · for up to 15 years

Income rider

Guaranteed Income Benefit - Rising Income Option

RMD friendly
Lifetime payout rate3.5% lifetime payout
Annual rider fee1.2% annual rider fee
Guaranteed roll-up4%/yr · simple · for up to 15 years

Product analyst notes

How to think about this contract

Why it can stand out

  • Lifetime income comes via a real optional GLWB rider in two flavors — a Level Income Option (level lifetime payout) and a Rising Income Option (income that can step up over time) — so buyers can pick the income mechanism that matches their preference for a flat payout versus an inflation-aware payout pattern.
  • The income base credits a meaningful roll-up rate for a published deferral period and the GLWB riders include a premium-bonus credit to the income base at issue, so a buyer deferring income for several years builds the lifetime payout base on a path the contract spells out at issue rather than at carrier discretion.
  • Both GLWB rider variants are flagged RMD-friendly in the live feed, so qualified-money buyers using this contract for IRA assets can take required minimum distributions without triggering rider-mechanics conflicts that exist on some peer products.
  • Carrier financial-strength is rated by multiple independent agencies (A.M. Best, Standard & Poor's, Moody's) — the strength view is not a single-source read, which is unusual at this carrier tier in the income-FIA segment.

What to confirm

  • The GLWB rider carries an explicit annual fee charged on the income base, not the account value — effective cost can run higher than the headline fee rate as the income base outgrows the account value during deferral, so model the rider through to expected income start before committing.
  • This is a 10-year surrender contract — a longer commitment than the carrier's 7-year FIA chassis — and the surrender ladder stays in the high single digits for the first two years. An unplanned exit in years one or two beyond the annual free-withdrawal allowance is materially expensive.
  • A market-value adjustment applies on early surrender beyond the free-withdrawal allowance, so the real cost of an unplanned exit depends on the interest-rate environment at the time and may exceed the published surrender-charge percentage.
  • The headline withdrawal rate is the lifetime payout rate from the GLWB rider, not a guarantee on the account value. The contract's index strategies (S&P 500 annual point-to-point cap, Citi Flexible Allocation 6 participation) drive account-value growth; account-value performance is separate from the rider's lifetime payout and not directly comparable to a MYGA fixed rate.

Not ideal for

Buyers who need short-surrender liquidity, a rider-fee-free income mechanism (a Protected Income Value chassis), a plain MYGA-style declared rate, or an MVA-free early-exit window — none of those are what this contract is built to deliver.

Free Comparison Report

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See how Protective Guaranteed Income 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 (8 strategies)

These listings show published strategy details and any available rates. Use the filters to narrow by index, term, premium band, or rate type.

Cap: 3.25% · 1-yr

S&P 500 Index

Point-to-point

Requested state: TX10-yr surrender$100,000+

Fixed: 3.15% · 1-yr

Fixed Account

Fixed account

Requested state: TX10-yr surrender$100,000+

Rate not shown · 1-yr

Fixed Account

Fixed account

Requested state: TXRate effective Sep 29, 202610-yr surrender$100,000+

Rate not shown · 1-yr

S&P 500 Index

Point-to-point

Requested state: TXRate effective Sep 29, 202610-yr surrender$100,000+

Cap: 3% · 10-yr

S&P 500 Index

Point-to-point

Requested state: TX10-yr surrender$100,000+

Rate not shown · 10-yr

S&P 500 Index

Point-to-point

Requested state: TXRate effective Sep 29, 202610-yr surrender$100,000+

Par: 55% + Spread: 0% · 2-yr

Citi Flexible Allocation 6 Index

Point-to-point

Requested state: TX10-yr surrender$100,000+

Rate not shown · 2-yr

Citi Flexible Allocation 6 Index

Point-to-point

Requested state: TXRate effective Sep 29, 202610-yr surrender$100,000+

Income riders

Income rider

Guaranteed Income Benefit - Level Income Option

RMD friendly
Lifetime withdrawal rate4.5%
Annual rider fee1.2%
Guaranteed roll-up4%/yr · simple · for up to 15 years
Deferral assumed0 years

GLWB

Income rider

Guaranteed Income Benefit - Level Income Option

RMD friendly
Lifetime withdrawal rate4%
Annual rider fee1.2%
Guaranteed roll-up4%/yr · simple · for up to 15 years
Deferral assumed0 years

GLWB

Income rider

Guaranteed Income Benefit - Rising Income Option

RMD friendly
Lifetime withdrawal rate3.5%
Annual rider fee1.2%
Guaranteed roll-up4%/yr · simple · for up to 15 years
Deferral assumed0 years

GLWB

Income rider

Guaranteed Income Benefit - Rising Income Option

RMD friendly
Lifetime withdrawal rate3%
Annual rider fee1.2%
Guaranteed roll-up4%/yr · simple · for up to 15 years
Deferral assumed0 years

GLWB

Common questions about Protective Guaranteed Income

● Can I lose money in Protective Guaranteed Income?

A negative index return by itself does not reduce the contract's account value: Protective Guaranteed Income credits 0% — the floor — for that indexed period. The account value can still decrease from the published rider fee, 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.

● Is the Guaranteed Income Benefit - Level Income Option income rider worth the 1.2% fee?

It depends on whether you will use the guaranteed income. If you are accumulating only, you can skip it. If you want guaranteed lifetime income later, the published roll-up (4%/yr · simple · for up to 15 years) and 4.5% withdrawal rate can make it worthwhile — model it in the Income tab of the analyzer above.

● 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 10 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 Guaranteed Income's crediting strategies compare?

Use "Compare against" in the analyzer to overlay another available Protective Guaranteed Income 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.

Fixed account guarantee

1.00%

Guaranteed minimum interest rate for the fixed account.

Participation-rate floor

50.00%

Minimum guaranteed participation rate for participation-rate indexed strategies.

Maximum spread

0.00%

Maximum spread: 0.00%

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

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

Documents

product guide

PAC-844761-07-22-ProtectiveGuaranteedIncome-FIA-ProductProfile-4-6-23-Digital.pdf

Confidence: highReviewed Apr 8, 2026

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 Guaranteed Income currently shows 8 indexed or fixed crediting options, including S&P 500 Index, with 2 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: 3.25% annual cap
  • S&P 500 Index: 3% annual cap

Income rider language

What to look for before treating the rider as income

Guaranteed Income Benefit - Level Income Option is the main income rider listed for this product. Rider terms can affect the tradeoff between future lifetime withdrawals, contract value, beneficiary value, and cost, so the exact state version and rider election should be confirmed before comparing it to annuitization or income-only contracts.

  • 4.5% withdrawal rate
  • 1.2% rider fee
  • RMD friendly

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
  • 10 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-844761-07-22-ProtectiveGuaranteedIncome-FIA-ProductProfile-4-6-23-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 Guaranteed Income compares for your age, state, premium, and income goals alongside other Protective Life Insurance Company fixed indexed annuity options.

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