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Fixed Indexed Annuity

Protective Guaranteed Income

Protective Life Insurance Company

3.25%

Best Cap

10%

Free W/D

50

Jurisdictions

Product data status: May 29, 2026

Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.

Live product data

Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.

GLWB lifetime payout rate

8.7% lifetime payout

An income-led fixed indexed annuity on a 10-year surrender chassis from a multi-agency-rated A+-grade carrier, built around an optional GLWB rider in two flavors (Level Income and Rising Income), with an income-base premium bonus, a published deferral roll-up, RMD-friendly rider mechanics, and an S&P 500 cap plus Citi participation strategy underneath.

1.2% annual rider feeRMD-friendly income ridersAdvisorWorld + CANNEX data

Best fit

Buyers committing to a 10-year surrender who want lifetime income from a real, optional GLWB rider — with a meaningful income-base bonus and a published roll-up driving the income base during deferral — and qualified-money buyers who need RMD-friendly rider mechanics.

AM Best

A+ Superior

Surrender period

10 years

Free withdrawal

10%/yr

Availability

50 jurisdictions (excl. New York)

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

3.25% cap rate

Rate varies by premium band.

S&P 500

S&P 500 Index

3% cap rate

Rate varies by premium band.

Fixed Account

Fixed Account

3.15% declared rate

Rate varies by premium band.

+ 1 volatility-controlled index option (Citi Flexible)

Lifetime Income Riders

Income rider

Guaranteed Income Benefit - Rising Income Option

RMD friendly
Lifetime payout rate8.7% lifetime payout
Annual rider fee1.2% annual rider fee

Income rider

Guaranteed Income Benefit - Income Option

RMD friendly
Lifetime payout rate8.2% lifetime payout
Annual rider fee1.2% annual rider fee

Product analyst notes

How to think about this contract

Why it can stand out

  • Lifetime income comes via a real optional GLWB rider in two flavors — a Level Income Option (level lifetime payout) and a Rising Income Option (income that can step up over time) — so buyers can pick the income mechanism that matches their preference for a flat payout versus an inflation-aware payout pattern.
  • The income base credits a meaningful roll-up rate for a published deferral period and the GLWB riders include a premium-bonus credit to the income base at issue, so a buyer deferring income for several years builds the lifetime payout base on a path the contract spells out at issue rather than at carrier discretion.
  • Both GLWB rider variants are flagged RMD-friendly in the live feed, so qualified-money buyers using this contract for IRA assets can take required minimum distributions without triggering rider-mechanics conflicts that exist on some peer products.
  • Carrier financial-strength is rated by multiple independent agencies (A.M. Best, Standard & Poor's, Moody's) — the strength view is not a single-source read, which is unusual at this carrier tier in the income-FIA segment.

What to confirm

  • The GLWB rider carries an explicit annual fee charged on the income base, not the account value — effective cost can run higher than the headline fee rate as the income base outgrows the account value during deferral, so model the rider through to expected income start before committing.
  • This is a 10-year surrender contract — a longer commitment than the carrier's 7-year FIA chassis — and the surrender ladder stays in the high single digits for the first two years. An unplanned exit in years one or two beyond the annual free-withdrawal allowance is materially expensive.
  • A market-value adjustment applies on early surrender beyond the free-withdrawal allowance, so the real cost of an unplanned exit depends on the interest-rate environment at the time and may exceed the published surrender-charge percentage.
  • The headline withdrawal rate is the lifetime payout rate from the GLWB rider, not a guarantee on the account value. The contract's index strategies (S&P 500 annual point-to-point cap, Citi Flexible Allocation 6 participation) drive account-value growth; account-value performance is separate from the rider's lifetime payout and not directly comparable to a MYGA fixed rate.

Not ideal for

Buyers who need short-surrender liquidity, a rider-fee-free income mechanism (a Protected Income Value chassis), a plain MYGA-style declared rate, or an MVA-free early-exit window — none of those are what this contract is built to deliver.

All crediting strategies

View rate listings (8 rows)

These are the current crediting strategy listings returned for this product. Use the filters to narrow by index, term, premium band, or rate type.

Cap: 3.25% · 1-yr

S&P 500 Index

cap

10-yr surrender$100,000+

Fixed: 3.15% · 1-yr

Fixed Account

fixed

10-yr surrender$100,000+

Cap: 3% · 10-yr

S&P 500 Index

cap

10-yr surrender$100,000+

Par: 55% + Spread: 0% · 2-yr

Citi Flexible Allocation 6 Index

participation

10-yr surrender$100,000+

Cap: 3.25% · 1-yr

S&P 500 Index

$100,000+

Fixed: 3.15% · 1-yr

Fixed Account

$100,000+

Cap: 3% · 10-yr

S&P 500 Index

$100,000+

Par: 55% + Spread: 0% · 2-yr

Citi Flexible Allocation 6 Index

$100,000+

Income riders

Income rider

Guaranteed Income Benefit - Rising Income Option

RMD friendly
Lifetime withdrawal rate8.7%
Annual rider fee1.2%
Withdrawal-base growthNot shown
Deferral assumed10 years
Issue age59 — 95

GLWB

Income rider

Guaranteed Income Benefit - Level Income Option

RMD friendly
Lifetime withdrawal rate8.2%
Annual rider fee1.2%
Withdrawal-base growthNot shown
Deferral assumed10 years
Issue age59 — 95

GLWB

Income rider

Guaranteed Income Benefit - Level Income Option

RMD friendly
Lifetime withdrawal rate7%
Annual rider fee1.2%
Withdrawal-base growthNot shown
Deferral assumed0 years
Issue age59 — 95

GLWB

Income rider

Guaranteed Income Benefit - Rising Income Option

RMD friendly
Lifetime withdrawal rate6.5%
Annual rider fee1.2%
Withdrawal-base growthNot shown
Deferral assumed0 years
Issue age59 — 95

GLWB

Income rider

Guaranteed Income Benefit - Rising Income Option

RMD friendly
Lifetime withdrawal rate6.2%
Annual rider fee1.2%
Withdrawal-base growthNot shown
Deferral assumed0 years
Issue age59 — 95

GLWB

Income rider

Guaranteed Income Benefit - Level Income Option

RMD friendly
Lifetime withdrawal rate5.7%
Annual rider fee1.2%
Withdrawal-base growthNot shown
Deferral assumed0 years
Issue age59 — 95

GLWB

Key Features

Free withdrawal

10%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Surrender waivers

3

Nursing home waiver, Terminal illness waiver, Unemployment waiver

Death benefit

Standard Death Benefit

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Strategy guarantee

Minimum guaranteed cap: 1.50%

Strategy guarantee

Guaranteed minimum interest rate (fixed): 1.00%

Strategy guarantee

Minimum guaranteed participation: 50.00%

Annuitization options

Single life

Contract conversion options should be confirmed before purchase.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

9%

Yr 2

9%

Yr 3

8%

Yr 4

7%

Yr 5

6%

Yr 6

5%

Yr 7

4%

Yr 8

3%

Yr 9

2%

Yr 10

1%

After

0%

Nursing home waiver, Terminal illness waiver, Unemployment waiver, Surrender waivers

Documents

product guide

PAC-844761-07-22-ProtectiveGuaranteedIncome-FIA-ProductProfile-4-6-23-Digital.pdf

Confidence: highReviewed Apr 8, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestA+
S&PAA-
Moody'sA1
S&PAA-

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

Protective Guaranteed Income currently shows 4 distinct indexed or fixed crediting choices across 8 current rate listings, including S&P 500 Index and Fixed Account, with 1 volatility-controlled index option grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, and renewal terms are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 3.25% cap
  • S&P 500 Index: 3% cap
  • Fixed Account: 3.15% fixed

Income rider language

What to look for before treating the rider as income

Guaranteed Income Benefit - Rising Income Option is the main income-rider entry returned for this product. Rider terms can affect the tradeoff between future lifetime withdrawals, contract value, beneficiary value, and cost, so the exact state version and rider election should be confirmed before comparing it to annuitization or income-only contracts.

  • 8.7% withdrawal rate
  • 1.2% rider fee
  • 10 deferral years
  • RMD friendly

Liquidity terms

Why access rules deserve as much attention as rates

A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.

  • 10%/yr free withdrawal
  • 10 surrender years
  • Nursing home waiver
  • Terminal illness waiver
  • Unemployment waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

Carrier materials such as PAC-844761-07-22-ProtectiveGuaranteedIncome-FIA-ProductProfile-4-6-23-Digital.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 24, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.

  • Rates and rider terms can vary by state and issue age
  • Carrier guarantees depend on claims-paying ability
  • Current contract forms should be confirmed before purchase

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