Protective Indexed Annuity NY
Protective Life Insurance Company
5.65%
Best Cap
10%
Free W/D
A deferred indexed annuity that links your returns to the S&P 500 Index while guaranteeing a minimum interest rate, designed for people nearing or in retirement who want growth potential with downside protection.
Free Withdrawal
10%/yr
Available In
1 states
Min Premium
$10,000
Surrender
10 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| S&P 500 Index | Annual | 5.65% | 100% | -- |
| Fixed Account | Daily | -- | -- | 3% |
Key Features
Index-Linked Crediting Strategies
Guaranteed minimum interest rate regardless of strategy selectedEarn interest based on S&P 500 Index performance with either a point-to-point approach (capped gains in positive years) or a trigger rate approach (guaranteed rate when index is flat or positive)
Fixed Interest Crediting
Predictable, stable returnsAllocate a portion of your money to earn a predetermined fixed rate, determined and credited daily
Penalty-Free Withdrawal Access
10% annual penalty-free accessWithdraw up to 10% of your initial purchase payment in year one, then 10% of contract value annually with no surrender charges
Hardship Waivers
Waived surrender charges in qualifying situationsWithdrawal charges waived if you're confined to a nursing facility, diagnosed with terminal illness, or become unemployed
Return of Purchase Payments Option
Full principal protection; lower interest rates applyOptional rider that guarantees return of 100% of your total purchase payments (minus withdrawals and taxes) if you surrender before annuity income begins
Death Benefit
Included at no extra costBeneficiaries receive a death benefit if you pass away before annuity income payments start
Flexible Annuitization Options
Available for single or joint life expectanciesChoose lifetime income, term certain, lifetime with period certain, or lifetime with refund options for retirement paychecks
Highlights
Protects your principal from market downturns while letting you participate in market gains through S&P 500 Index performance
Multiple interest crediting strategies—fixed and indexed options—so you can customize your growth approach
Built-in death benefit at no extra cost to help protect your legacy
Flexible access to your money with 10% annual penalty-free withdrawals and special waivers for hardship situations
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
Individuals age 85 or younger who are near or in retirement and want to participate in market growth while protecting their principal from significant losses.
Consider Alternatives If
Investors seeking liquid access to their money or those who need to access more than 10% annually without penalties, and those unwilling to commit funds for the duration of the surrender charge period.
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