Why it earned this rating
Our assessment
Secure Saver 7-Year extends Protective's flagship MYGA platform to a 7-year window. The product offers competitive rates, 10% annual account-value liquidity, and broad distribution. As with Secure Saver 5-Year, this product is meaningfully more competitive than the bank-only Smart Saver line.
The short version
For buyers with a 7-year planning horizon who want a competitive MYGA with meaningful liquidity and broad distribution, Secure Saver 7-Year is a strong choice. The longer commitment unlocks a slightly higher rate than the 5-year version (specific 7-year rates verified at point of sale).
Key facts
**Product Type** Multi-Year Guaranteed Annuity (flexible premium first year)
**Issue Ages** 0–85 NQ; 18–85 Q
**Minimum Premium** $10,000
**Surrender Period** 7 years (9, 8, 7, 6, 5, 4, 3, 0%)
**Free Withdrawal** 10% of premiums in year 1; 10% of account value in years 2+
**Crediting** Single fixed rate guaranteed for 7 years
**Income Rider** Not available
**Market Value Adjustment** Yes
The full review
Is Protective Secure Saver Fixed Annuity 7-Year a Good Annuity?
Yes, for buyers with a 7-year planning horizon. It fits buyers who want a competitive rate, meaningful liquidity, and Protective's carrier strength across multiple distribution channels.
Why Someone Would Buy This Annuity
The main reason is long-term principal protection at a competitive rate. The secondary reason is the 10% annual account-value liquidity through the surrender period, which gives buyers flexibility throughout a longer commitment.
Who This Annuity Is Best For
I think Secure Saver 7-Year fits best for buyers in their 50s through early 70s with a defined 7-year horizon who want a competitive MYGA from an A-plus carrier. The 7-year version typically offers a small rate uplift over the 5-year version, making it most attractive for buyers who genuinely want the longer commitment.
What You're Really Buying Here
You are buying a tax-deferred fixed-rate annuity with a 7-year guarantee, 10% annual account-value liquidity, and an A-plus carrier. You are not buying market exposure or indexed crediting.
How the Core Feature Works
Secure Saver 7-Year credits a fixed rate guaranteed for the full 7-year surrender period. The rate banding mirrors the 5-year version (low band / $25K / $75K), with rates verified at point of sale. There is no Return of Premium rider on this product.
Why the Secondary Feature Matters
The 10% annual account-value liquidity throughout a 7-year commitment is the meaningful secondary feature. Most 7-year MYGAs offer interest-only free withdrawals; Secure Saver 7-Year's account-value liquidity gives buyers real flexibility through a longer commitment.
Liquidity and Surrender Schedule
Free withdrawals are 10% of premiums in year 1, 10% of account value in years 2+. Surrender charges run 9, 8, 7, 6, 5, 4, 3, then 0 percent over seven years, plus a market value adjustment. Nursing home, terminal illness, and unemployment waivers are available.
Fees and Tradeoffs
There are no rider fees, M&E charges, or annual contract fees. The trade is the absence of Return of Premium protection and the long surrender commitment.
Product snapshot
| Feature | Details |
| --- | --- |
| Product type | Multi-year guaranteed annuity |
| Issue ages | 0-85 NQ; 18-85 Q |
| Minimum premium | $10,000 |
| Surrender schedule | 9, 8, 7, 6, 5, 4, 3, 0% |
| Market value adjustment | Yes |
| Rate guarantee period | 7 years |
| Income rider | Not available |
| Death benefit | Full account value |
| Surrender waivers | Nursing home, terminal illness, unemployment |
| MGSV | 1.00% to 3.00% guaranteed annual return |
| State availability | Not available in NY; variations in CT, MA, NH, UT |
Carrier snapshot
Protective Life Insurance Company is part of Protective Life Insurance Corporation. A.M. Best A-plus, S&P AA-minus. Distributed through full-service broker-dealers, independent broker-dealers, banks, and the independent agent channel.
Final take
Secure Saver Fixed Annuity 7-Year is the long-duration version of Protective's flagship MYGA. The combination of competitive rates, 10% annual account-value liquidity, and broad distribution makes it a strong choice for buyers with a 7-year planning horizon who want carrier strength.
- Death Benefit
- Full Account Value, paid without withdrawal charge, avoiding probate
- Minimum Guaranteed Surrender Value
- Varies, 1.00%-3.00% guaranteed annual return
- Withdrawal Provisions
- Amounts not used within a given contract year cannot be carried over to the next