What is the minimum guaranteed surrender value for Protective Life and Annuity (NY) – Smart Saver NY (4-, 5-, 6- and 7-year terms)?

Protective® Smart Saver NY is a limited flexible premium-deferred fixed annuity. “Limited flexible premium” means the owner may—but is not required to—make additional premium payments, and only during the first contract year. Interest grows tax-deferred, and because taxes are deferred until withdrawal, credited interest can compound annually. The annuity provides penalty-free access to funds through annual 10% free withdrawals and waiver provisions that may eliminate withdrawal charges if certain qualifying events occur. It also offers several income payout options, including lifetime and period-certain structures and refund options, allowing the owner to turn accumulated value into guaranteed income payments.

What is the minimum premium amount for Protective Life and Annuity (NY) – Smart Saver NY (4-, 5-, 6- and 7-year terms)?

The minimum premium amount is $25,000.

What is the maximum issue age for Protective Life and Annuity (NY) – Smart Saver NY (4-, 5-, 6- and 7-year terms)?

The maximum issue age is 85 years.

What is the current interest rate for Protective Life and Annuity (NY) – Smart Saver NY (4-, 5-, 6- and 7-year terms)?

The current interest rate is 3.85%.

What is the surrender charge schedule for Protective Life and Annuity (NY) – Smart Saver NY (4-, 5-, 6- and 7-year terms)?

Withdrawals that exceed the 10% annual penalty-free withdrawal amount, or a full surrender during the withdrawal charge period, may be subject to a withdrawal charge that is based on the date the initial purchase payment is received and the selected interest rate guarantee period. The charge schedule declines annually by term until the schedule ends at the conclusion of the selected guarantee period.

What are the best rates available for Protective Life and Annuity (NY) – Smart Saver NY (4-, 5-, 6- and 7-year terms)?

The best available rate is 4.25% for a 7 year term.

Protective Life Insurance Company

Protective Life and Annuity (NY) – Smart Saver NY (4-, 5-, 6- and 7-year terms)

About this product

The Protective® Smart Saver NY Fixed Annuity is a fixed, limited flexible premium-deferred annuity available only in New York, designed to help clients build retirement income with guaranteed principal protection and tax-deferred, compounded interest growth. The contract credits a competitive fixed interest rate that is guaranteed for the full duration of the selected 4-, 5-, 6-, or 7-year interest rate guarantee period (unless the contract is fully withdrawn). It also includes, at no additional cost, a Return of Purchase Payment feature and offers an optional pre-determined death benefit distribution to help beneficiaries receive death benefits through a structured payment approach.

Available Rates

Rates are based on current simulation settings with premium amount $100,000.00

4 Years	4.10%
5 Years	4.20%
6 Years	4.20%
7 Years	4.25%

Available Guarantee Periods

Rates are based on current simulation settings with premium amount $100,000.00

$25,000.00 - $99,999.00	3.85%
$100,000.00 - $499,999.00	4.1%
$500,000.00 - $1,000,000.00	4.35%

Features
Maximum Issue Age	85 years

Lifetime Income Details

Payout Options

Annuitization

Lump Sum Withdrawal

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