Protective Income Builder
Protective Life Insurance Company
6%
Best Cap
10%
Free W/D
50
States
Protective Income Builder is an indexed annuity that grows your retirement savings through multiple crediting strategies tied to market indices, with built-in downside protection and the ability to convert to guaranteed lifetime income.
Free Withdrawal
10%/yr
Available In
50 states
Min Premium
$25,000
Surrender
7 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| Citi Flexible Allocation 6 Index | 2-Year | -- | 92% | -- |
| S&P 500 Index | Annual | 6% | 100% | -- |
| Fixed Account | Daily | -- | -- | 3% |
Key Features
Multiple Interest Crediting Strategies
5 distinct strategies availableChoose how interest is credited: annual point-to-point (capped gains), annual trigger rate (guaranteed rate when market is flat or positive), rate cap for term (locked cap during withdrawal period), 2-year participation and spread (leverages index gains with guaranteed participation rate), or fixed interest.
Two Index Options
Diversification across equity and diversified index approachesAllocate to S&P 500 Index (large-cap U.S. equities) or Citi Flexible Allocation 6 Excess Return Index (multi-asset strategy with volatility control targeting 6% volatility).
Principal Protection
Downside protection guaranteedContract value is never reduced by negative index performance—the worst year earns 0%, not a loss.
Annual Reallocation
Flexibility to change strategy yearlyAdjust your allocation among all crediting strategies on any contract anniversary to match changing retirement needs.
Guaranteed Interest Rate Minimums
Minimum 1.5% cap on point-to-point strategyAnnual point-to-point strategy interest cap never drops below 1.5%; rate cap for term locks in the cap for the entire withdrawal charge period.
Zero Spread on Participation Strategy
0% spread guaranteed for lifeThe 2-year participation and spread strategy charges 0% spread for the life of the contract, meaning all index gains (multiplied by participation rate) are credited.
Highlights
Multiple interest crediting strategies let you diversify how your money grows based on market conditions
Guaranteed contract value protection—your money never decreases due to market downturns
Flexible allocation changes annually to adjust your strategy as your needs evolve
Combines growth potential with predictable lifetime income for retirement security
Choice of two indices (S&P 500 and Citi Flexible Allocation 6) plus fixed interest options
Surrender Schedule
Yr 1
7%
Yr 2
6%
Yr 3
5%
Yr 4
4%
Yr 5
3%
Yr 6
2%
Yr 7
1%
After
0%
Nursing home waiver, Terminal illness waiver, Unemployment waiver
Best For
Retirement investors age 50+ who want market-linked growth with downside protection and the ability to eventually convert to guaranteed lifetime income, and who are comfortable with indexed rather than direct stock investments.
Consider Alternatives If
Investors seeking immediate liquidity or short-term growth, or those uncomfortable with the complexity of multiple crediting strategies and index-based calculations.
Carrier Ratings
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