Best available rate
5.5%
5-yr guarantee · 5-yr surrender schedule · $75,000+ premium
Up to 5.5% depending on guarantee term and premium band.
View all rates and terms ↓10%
Free W/D
50
Available jurisdictions
Rates as of August 12, 2026. CANNEX via AdvisorWorld; confirm rates and state availability before purchase.
Product analyzer
Run numbers for SecureSaver
guaranteed rates, terms, state availability, surrender details, and contract facts stay scoped to this Protective Life Insurance Company product.
Live product data
Rates as of August 12, 2026, from AdvisorWorld and CANNEX.
5-year guaranteed rate
5.5% guaranteed for 5 years
A multi-year guaranteed annuity from a multi-agency-rated A+-grade carrier with a 5-year and 7-year term menu, a declining surrender ladder over seven years, annual free-withdrawal access, and standard surrender waivers — available outside New York; the NY counterpart is the carrier's Smart Saver NY filing.
Best fit
Buyers outside New York who want a multi-year guaranteed annuity with a choice of 5-year or 7-year rate-lock from a multi-agency-rated A+-grade carrier and an annual free-withdrawal allowance alongside the schedule.
Available guarantee terms
5 and 7 years
AM Best
A+ Superior
Available surrender terms
5 and 7 years
Free withdrawal
10%/yr
Availability
50 jurisdictions (excl. New York)
Product analyst notes
How to think about this contract
Why it can stand out
- Two-term menu (5-year and 7-year), so a buyer can choose between a shorter rate-lock and a longer rate-lock inside the same filing — useful for splitting principal across two different fixed-rate horizons with one carrier rather than diversifying across two carriers.
- Carrier financial-strength is rated by multiple independent agencies (A.M. Best, Standard & Poor's, Moody's) — a multi-agency corroboration that is unusual at this carrier tier in the regional MYGA market and matters more on a 5- or 7-year principal lock-in than on a one-year deposit.
- Standard surrender waivers cover nursing-home confinement, terminal illness, and unemployment, alongside an annual free-withdrawal allowance, so the schedule of penalty-free liquidity for both planned partial withdrawals and unplanned life events is visible on this page rather than gated behind a sales brochure.
- Seven-year declining surrender ladder that steps down by a full percentage point every year from the year-one charge to a low single-digit charge in the final year, so a buyer who needs partial liquidity in the back half of the contract pays a materially smaller charge than they would on a flat schedule.
What to confirm
- Premium minimum is in the mid five-figure range — higher than the entry point on some peer MYGAs at the same carrier tier, so a buyer placing a smaller block of principal may need to look at the carrier's Income Creator filing instead, which has no published minimum-premium gate, or at a different MYGA carrier.
- A market-value adjustment applies on early surrender beyond the annual free-withdrawal allowance, so the real cost of an unplanned exit during the surrender window depends on the interest-rate environment at the time and may exceed the published surrender-charge percentage.
- This contract is not available in New York — the New York counterpart is the carrier's Smart Saver NY filing, which has a different premium minimum and a different headline rate. A buyer comparing across the carrier's MYGA lineup should map to the right filing for their state before comparing rates.
- Death benefit is contract value rather than a guaranteed roll-up or step-up. There is no premium bonus and no income rider — this is a single-purpose fixed-rate deferred contract.
Not ideal for
Buyers in New York (who must look at Smart Saver NY instead), buyers placing a smaller principal block who can't meet the premium minimum, buyers who want a 3- or 10-year fixed-rate horizon, or buyers who want a premium bonus, a guaranteed-lifetime-withdrawal rider, market-linked upside through index crediting, or a death benefit with a guaranteed roll-up or step-up — a fixed-rate deferred contract is not built for any of those things.
Free Comparison Report
Get a SecureSaver rate report
See how SecureSaver compares for your age, state, premium, and income goals alongside other Protective Life Insurance Company MYGA options.
Guaranteed Rates by Term
| Term | Surrender term | Rate effective | $10,000–$24,999Premium · comparable annual rate | $25,000–$74,999Premium · comparable annual rate | $75,000+Premium · comparable annual rate |
|---|---|---|---|---|---|
| 5-Year | 5-Year schedule | Aug 4, 2026 | 4.3%Rate convention not stated | 5.15%Rate convention not stated | 5.5%Rate convention not stated |
| 7-Year | 7-Year schedule | Aug 4, 2026 | 4.3%Rate convention not stated | 5.05%Rate convention not stated | 5.4%Rate convention not stated |
Key Features
Free withdrawal
10%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
3Nursing home waiver, Terminal illness waiver, Unemployment waiver
Death benefit
Standard Death BenefitBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single lifeContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
5-Year Version
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
After
0%
7-Year Version
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
Nursing home waiver, Terminal illness waiver, Unemployment waiver, Surrender waivers
Carrier Ratings
Free Comparison Report
Get a SecureSaver rate report
See how SecureSaver compares for your age, state, premium, and income goals alongside other Protective Life Insurance Company MYGA options.