Why it earned this rating
Our assessment
Secure Saver Pro 7-Year extends the Edward Jones-distributed Pro line to a 7-year window. The same 5.20% rate at $75K+ as the 5-year version (with no rate uplift for the longer commitment) is unusual and reflects the structural design rather than a buyer-unfriendly choice. The 7-percent starting surrender charge and 100% MGSV protection apply throughout the longer commitment.
The short version
For Edward Jones clients with a 7-year planning horizon who want structurally buyer-friendly MYGA terms, Secure Saver Pro 7-Year extends the same advantages as the 5-year version over a longer commitment. The lack of rate uplift over the 5-year version means the 7-year is mainly useful for buyers who specifically want the longer term.
Key facts
**Product Type** Multi-Year Guaranteed Annuity (single premium)
**Issue Ages** 0–85 NQ; 18–85 Q
**Minimum Premium** $10,000
**Surrender Period** 7 years (7, 6, 5, 4, 3, 2, 1, 0%)
**Free Withdrawal** 10% of account value, available immediately
**Crediting** Single fixed rate guaranteed for 7 years
**Income Rider** Not available
**Market Value Adjustment** Yes
**Channel** Edward Jones only
The full review
Is Protective Secure Saver Pro 7-Year a Good Annuity?
Yes, for Edward Jones clients with a 7-year planning horizon. It fits buyers who want structurally buyer-friendly MYGA terms over a longer commitment, with carrier strength and broad liquidity.
Why Someone Would Buy This Annuity
The main reason is the 5.20% guaranteed rate locked for seven years from an A-plus carrier through Edward Jones. The secondary reason is the 7-percent starting surrender charge plus 100% MGSV — structurally stronger than most 7-year MYGAs available in other channels.
Who This Annuity Is Best For
I think Secure Saver Pro 7-Year fits best for Edward Jones clients in their 50s through 70s with a 7-year planning horizon and $75,000+ to deploy. The product is one of the more attractive 7-year MYGAs in the broader market for buyers who can access the Edward Jones channel.
What You're Really Buying Here
You are buying a tax-deferred fixed-rate annuity with a 7-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 7-Year credits a fixed rate guaranteed for the full 7-year surrender period. Rates are 4.30% / 4.70% / 5.20% across the three rate bands. The 100% MGSV at 1-3% guaranteed annual return applies throughout the surrender period.
Why the Secondary Feature Matters
The fact that the 7-year version offers the same rate as the 5-year version is the meaningful secondary structural feature. Most MYGAs offer a rate uplift for longer commitments; here, buyers get the same rate but a longer locked period — useful for buyers who specifically want to lock in the rate over a longer window.
Liquidity and Surrender Schedule
Free withdrawals of up to 10% of account value are available immediately. Surrender charges run 7, 6, 5, 4, 3, 2, 1, then 0 percent over seven 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, the 7-year commitment, 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, 2, 1, 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 | 7 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 7-Year is the longer-duration version of Protective's Edward Jones-channel flagship MYGA. The structurally buyer-friendly terms — 7-percent starting surrender, 100% MGSV, 10% annual liquidity — make this one of the more attractive 7-year MYGAs in the broader market for Edward Jones clients. The lack of rate uplift over the 5-year version means the 7-year mainly fits buyers who specifically want the longer locked-in commitment.