Why it earned this rating
Our assessment
Secure Saver Pro 5-Year is the Edward Jones-distributed version of Protective's flagship MYGA. The 5.20% rate at $75K+ is competitive and the 7%-starting surrender schedule (versus 9% on Secure Saver) is meaningfully more buyer-friendly. The 100% MGSV (versus 87.5%) provides a stronger structural floor.
The short version
For Edward Jones clients who want one of the more competitive 5-year MYGAs available with structurally buyer-friendly surrender and MGSV terms, Secure Saver Pro 5-Year is one of the strongest options. The Edward Jones channel restriction is the main constraint.
Key facts
**Product Type** Multi-Year Guaranteed Annuity (single premium)
**Issue Ages** 0–85 NQ; 18–85 Q
**Minimum Premium** $10,000
**Surrender Period** 5 years (7, 6, 5, 4, 3, 0%)
**Free Withdrawal** 10% of account value, available immediately
**Crediting** Single fixed rate guaranteed for 5 years
**Income Rider** Not available
**Market Value Adjustment** Yes
**Channel** Edward Jones only
The full review
Is Protective Secure Saver Pro 5-Year a Good Annuity?
Yes, and for Edward Jones clients it is among the more attractive 5-year MYGAs available. It fits buyers who want a competitive rate, structurally buyer-friendly surrender terms, and 100% MGSV protection.
Why Someone Would Buy This Annuity
The main reason is the 5.20% guaranteed rate at $75K+ paired with a 7-percent first-year surrender charge (versus 9% on most other 5-year MYGAs). The secondary reason is the 100% MGSV — surrender value cannot fall below 100% of the deposit at the 1-3% guaranteed annual return, which is structurally stronger than the 87.5% MGSV on most MYGAs.
Who This Annuity Is Best For
I think Secure Saver Pro 5-Year fits best for Edward Jones clients with $75,000+ to deploy who want a competitive 5-year MYGA with structurally buyer-friendly terms. The product is one of the most attractive 5-year MYGAs in the broader market for buyers in this channel.
What You're Really Buying Here
You are buying a tax-deferred fixed-rate annuity with a 5-year guarantee at a competitive rate, 10% annual liquidity, structurally buyer-friendly surrender terms, and 100% MGSV protection. You are not buying market exposure.
How the Core Feature Works
Secure Saver Pro 5-Year credits a fixed rate guaranteed for the full 5-year surrender period. Rates are 4.30% / 4.70% / 5.20% across the three rate bands ($25K and $75K). The 100% MGSV at 1-3% rate means contract value cannot fall below 100% of premiums at the guaranteed annual return.
Why the Secondary Feature Matters
The 7-percent starting surrender charge and 100% MGSV are the meaningful secondary features. Most 5-year MYGAs start at 8% or 9% surrender charges and use 87.5% MGSV. The Pro variant's structurally buyer-friendly terms reduce the cost of unwinding the contract early.
Liquidity and Surrender Schedule
Free withdrawals of up to 10% of account value are available immediately. Surrender charges run 7, 6, 5, 4, 3, then 0 percent over five years, plus a market value adjustment. Nursing home and unemployment waivers are available.
Fees and Tradeoffs
There are no rider fees, M&E charges, or annual contract fees. The trade is Edward Jones channel restriction and MVA exposure on early withdrawals beyond the free amount.
Product snapshot
| Feature | Details |
| --- | --- |
| Product type | Multi-year guaranteed annuity |
| Issue ages | 0-85 NQ; 18-85 Q |
| Minimum premium | $10,000 |
| Surrender schedule | 7, 6, 5, 4, 3, 0% |
| Market value adjustment | Yes |
| Free withdrawal | 10% of account value immediately |
| Current fixed rate | 4.30% / 4.70% / 5.20% (low / $25K / $75K) |
| Rate guarantee period | 5 years |
| Income rider | Not available |
| Death benefit | Full account value |
| Surrender waivers | Nursing home, unemployment |
| MGSV | 100% at 1-3% less surrender charges |
| State availability | Not available in NY; variations in CT, MA |
| Channel | Edward Jones only |
Carrier snapshot
Protective Life Insurance Company is part of Protective Life Insurance Corporation. A.M. Best A-plus, S&P AA-minus. Secure Saver Pro is distributed exclusively through Edward Jones.
Final take
Secure Saver Pro 5-Year is one of the more attractive 5-year MYGAs in the broader market for Edward Jones clients. The combination of a competitive 5.20% rate, 7-percent starting surrender, 100% MGSV, and 10% annual liquidity is unusually buyer-friendly. The Edward Jones channel restriction is the main constraint.