Protective Life – Balance Annuity 5
About this product
The Protective Balance Annuity 5 is a single-premium Multi-Year Guaranteed Annuity (MYGA) that provides secure, tax-deferred growth over a fixed 5-year term. Issued by Protective Life Insurance Company, it offers predictable accumulation, full principal protection, and flexible liquidity features. Designed for conservative investors, this product provides a guaranteed fixed rate for the entire term with access to annual penalty-free withdrawals, ensuring both growth and flexibility.
At the end of the 5-year period, contract owners may withdraw funds, renew at current rates, or convert to an income stream without incurring surrender charges. This product is ideal for clients seeking steady growth with protection from market volatility.
Available Rates
Rates are based on current simulation settings with premium amount $100,000.00
| 5 Years | 4.31% |
Available Guarantee Periods
Rates are based on current simulation settings with premium amount $100,000.00
| $10,000.00 - $99,999.00 | 3.81% |
| $100,000.00 - $249,999.00 | 4.31% |
| $250,000.00 - $999,999.00 | 5.3% |
| $1,000,000.00 - $2,000,000.00 | 5.35% |
| Features | |
| Maximum Issue Age | 90 years |
Lifetime Income Details
Payout Options
Additional Options
Actual payout options may vary by insurance carrier and specific products. Common alternatives include:
- Life Income Only: Payments for the rest of your life, stopping upon death
- Period Certain: Guaranteed payments for a specific time period (5, 10, 15, or 20 years)
- Life with Period Certain: Lifetime payments with a minimum guaranteed period
- Joint Life: Payments continue for both you and your spouse's lifetimes
- Systematic Withdrawal: Regular withdrawals of a specified amount or percentage