Positioning
Accumulation-oriented FIA in the Protective Life product family. Often quoted in head-to-head FIA comparisons.
Contract terms at a glance
Crediting methods available
- Annual point-to-point with cap
- Two-year point-to-point with participation rate
See How fixed indexed annuities work for how each method works.
Riders
- Optional income rider
- Enhanced death benefit option
Best fit
- Consumers comparing FIAs across multiple carriers for a chosen surrender length
- Allocations using a Protective-issued FIA within a multi-carrier diversification approach
What to watch for
- Two-year point-to-point strategies are less common and may produce different outcomes than annual strategies
- Surrender schedule should be confirmed against the brochure
Cap rates, participation rates, rider charges, and surrender schedules change frequently. Before purchase, request and verify the following from the carrier or producer:
- Caps and participation rates per strategy and surrender variant
- Optional rider charges
- Surrender schedule and MVA terms
How to verify and source current information
- Current rate card and product brochure: Protective Life direct or through a licensed independent producer.
- Statement of understanding (annuity contract disclosure document).
- For variable and indexed variable annuities: the SEC-registered prospectus (search EDGAR).
- Carrier financial strength ratings: A.M. Best, S&P Global Ratings, Moody's, Fitch.
- NAIC carrier search and statutory filings: content.naic.org.
- IRS Publication 575 (Pension and Annuity Income) for taxation: IRS Pub 575.
AnnuityMatchPro does not endorse, recommend, or sell the Protective Asset Builder II. This review is informational. Product features, surrender schedules, caps, participation rates, and rider charges vary by issue date, state, and underwriting. Confirm specific terms with the carrier or a licensed advisor before purchase. AnnuityMatchPro is not a registered investment adviser and is not a licensed insurance agency.