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Fixed Indexed Annuity

Protective Indexed Annuity NY

Protective Life Insurance Company

4.55%

Best Cap

10%

Free W/D

New York

Only state

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.

S&P 500 cap rate (annual point-to-point)

4.55% cap on S&P 500

The New-York-only fixed indexed annuity from a multi-agency-rated A+-grade carrier, accumulation-focused on a 7-year surrender chassis, with an S&P 500 annual point-to-point cap, an S&P 500 performance-trigger declared rate, and a daily fixed account — no optional GLWB rider and no Protected Income Value chassis.

1-year termAdvisorWorld + CANNEX data

Best fit

New York residents who want a Protective Life fixed indexed annuity under New York's separate state-regulatory regime, committing to a 7-year surrender chassis, and who want a mix of S&P 500 cap exposure, a performance-trigger declared rate, and a fixed-account bucket in one contract.

AM Best

A+ Superior

Surrender period

7 years

Free withdrawal

10%/yr

Availability

New York only

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

4.55% cap rate

Rate varies by premium band.

S&P 500

S&P 500 Index

100% participation rate + 3.75% declared rate

Rate varies by premium band.

Fixed Account

Fixed Account

3% declared rate

Rate varies by premium band.

Product analyst notes

How to think about this contract

Why it can stand out

  • This is the New-York-only filing of Protective Life's fixed indexed annuity chassis — a New York buyer cannot purchase the carrier's national FIA filings, so this is the path through which Protective Life delivers FIA exposure to NY residents under New York's separate state-regulatory regime.
  • Strategy menu pairs an S&P 500 annual point-to-point cap with an S&P 500 performance-trigger declared rate and a daily-rate fixed account, so a buyer can split allocation between index-linked upside and a declared-rate fixed bucket inside one contract.
  • Standard surrender waivers (nursing-home confinement, terminal illness, unemployment) sit 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.
  • Carrier financial-strength is rated by multiple independent agencies (A.M. Best, Standard & Poor's, Moody's), so the strength view is not a single-source read — a useful corroboration for a single-state filing.

What to confirm

  • This filing is available only in New York. Buyers outside New York cannot purchase it and must compare the carrier's national FIA filings (Asset Builder II, Guaranteed Income, Income Builder) on their own pages instead.
  • There is no optional GLWB rider on this NY filing and no Protected Income Value chassis — this is an accumulation contract, not an income contract. Buyers looking at Protective Life for lifetime income out of a single-state NY filing will not find it here.
  • Single surrender-length chassis on this filing — different from the carrier's non-NY Asset Builder II, which publishes 5/7/10-year chassis side by side. A NY buyer who wants a shorter or longer surrender window than the published chassis allows will not find that flexibility here.
  • The death benefit on this contract is Cash Surrender Value rather than account value or a guaranteed roll-up — a contract surrendered to a beneficiary during the surrender window receives the surrender value, not the full accumulation value.

Not ideal for

Buyers outside New York (who must look at Protective Life's national FIA filings instead), buyers who need a contractually-guaranteed lifetime-withdrawal rate from an optional rider, buyers who need a Protected Income Value income mechanism, or buyers who need a premium bonus to seed an income base — none of those are present on this NY filing.

All crediting strategies

View rate listings (6 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.

Par: 100% + Fixed: 3.75% · 1-yr

S&P 500 Index

trigger

7-yr surrender$100,000+

Cap: 4.55% · 1-yr

S&P 500 Index

cap

7-yr surrender$100,000+

Fixed: 3% · 1-yr

Fixed Account

fixed

7-yr surrender$100,000+

Par: 100% + Fixed: 3.75% · 1-yr

S&P 500 Index

$100,000+

Cap: 4.55% · 1-yr

S&P 500 Index

$100,000+

Fixed: 3% · 1-yr

Fixed Account

$100,000+

Income riders

Accumulation-focused — no income rider

This contract is designed for tax-deferred accumulation, not guaranteed lifetime income. No GLWB rider was returned because none is part of the contract design — compare against other accumulation FIAs on cap, participation rate, and surrender terms rather than lifetime income.

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: 0.00%

Strategy guarantee

Minimum guaranteed declared rate: 0.00%

Strategy guarantee

Guaranteed minimum interest rate (fixed): 0.00%

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%

After

0%

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

Documents

brochure

NYAC-1128-12-19-PIA-NY-ProductProfile-08-4-21.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 Indexed Annuity NY currently shows 3 distinct indexed or fixed crediting choices across 6 current rate listings, including S&P 500 Index and Fixed Account. 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: 4.55% cap
  • S&P 500 Index: 100% participation
  • Fixed Account: 3% fixed

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
  • 7 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 NYAC-1128-12-19-PIA-NY-ProductProfile-08-4-21.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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