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 fixed annuity that credits a competitive interest rate guaranteed for the full interest rate guarantee period selected (4, 5, 6, or 7 years), with tax-deferred accumulation until withdrawals occur. It is “limited flexible premium,” meaning additional premiums may be made only during the first contract year (and are not required). The contract provides penalty-free withdrawals up to an annual limit and includes several waiver provisions that may allow access to funds without withdrawal charges under certain conditions. The annuity also offers multiple income payment (annuitization) options, including lifetime and period-certain structures and refund options.

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 are subject to withdrawal charges based on (1) the date the initial purchase payment is received and (2) the selected interest rate guarantee period. The brochure provides a withdrawal charge schedule by term and contract year, declining annually until the schedule ends at the end of the selected term.

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 is a single-premium Multi-Year Guaranteed Annuity (MYGA) issued by Protective Life and Annuity Insurance Company, exclusively for New York residents. It provides guaranteed, fixed interest growth for 4-, 5-, 6-, or 7-year periods with full principal protection and tax-deferred accumulation. Designed for conservative savers, the Smart Saver NY combines predictable returns, flexible liquidity, and strong financial backing from one of the industry’s most trusted insurers.

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