Protective® Series Foundation Annuity
Protective Life Insurance Company
10%
Free W/D
A fixed annuity that provides guaranteed growth for 5 years with tax deferral and penalty-free access to portions of your money. Designed for retirees seeking stable, predictable income without market risk.
Free Withdrawal
10%/yr
Available In
0 states
Min Premium
$10,000
Surrender
5 years
Key Features
Guaranteed Interest Rate
5 yearsYour money earns a fixed interest rate guaranteed for the initial 5-year period, protecting you from market fluctuations.
Tax-Deferred Growth
Interest earned is not taxed until withdrawn, allowing your money to compound without annual tax drag.
Free Withdrawal Amount
10% annually, up to 20% cumulativeYou can withdraw up to 10% of your contract value each year without surrender charges. Unused amounts can accumulate up to 20%.
Return of Premium Guarantee (Optional)
No additional costOptional protection ensuring you receive at least your original investment back if you surrender during the withdrawal charge period, minus prior withdrawals.
Higher Rates for Larger Deposits
$100,000 minimumAnnuities funded with $100,000 or more receive preferential interest rates.
Withdrawal Charge Period
7% to 5% depending on yearCharges apply to withdrawals exceeding the free amount, declining from 7% in years 1-3 to 0% after year 5.
Hardship Waiver
Withdrawal charges are waived if you or your spouse becomes terminally ill or enters a nursing facility for 30+ days.
Flexible Payout Options
Choose equal payments over your lifetime, a specified period, or the longer of the two.
Highlights
Guaranteed interest rate for 5 years with tax-deferred growth
Penalty-free access to 10% of account value annually
Optional return of premium guarantee protects your initial investment
Flexible payout options including lifetime income
Waived withdrawal charges for terminal illness or long-term care needs
Surrender Schedule
Yr 1
7%
Yr 2
7%
Yr 3
7%
Yr 4
6%
Yr 5
5%
After
0%
Nursing home waiver, Terminal illness waiver, Unemployment waiver
Best For
Conservative retirees and near-retirees seeking guaranteed income growth, tax deferral, and protection from market risk who can commit funds for at least 5 years.
Consider Alternatives If
Investors needing immediate access to all their funds without penalty, those in high tax brackets seeking current income, or anyone unable to lock up capital for the initial guarantee period.
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