Annuity Atlas
Today's top ratesMYGA3yr 6.10%5yr 6.30%7yr 6.35%10yr 6.30%FIA S&P cap3yr 9.70%5yr 16.00%7yr 12.90%10yr 17.00%
As of Oct 26 · B++ or betterAll rates →

Expert review · 2026

Protective Life review

Japanese-backed insurer known for competitive income annuities and MYGAs.
How we rank →Today's rates →

A.M. Best

A+

Insurer claims-paying rating

Products tracked
12
MYGA yield (lineup max)
6.00% · 5yr · Protective Secure Saver Fixed Annuity 5-Year
Income on $500K (benchmark)
$58,988/yr · Protective Income Builder
Surrender range
5–10 years
Rate as of Oct 20, 2026
Start my comparison
Founded
1907
Headquarters
Birmingham, AL
Total assets
$180+ Billion
A.M. Best
A+

12 Protective Life annuities

Click any product for rates, specs, and the full peer-group review.

Protective Secure Saver Fixed Annuity 5-Year
Buyers who want a competitive 5-year guaranteed rate (5.15% at $75K+), 10% annual account-value liquidity, and Protective's A-plus carrier rating across multiple distribution channels
A+
A.M. BEST
MYGA5-YR SURRENDER
Review →
Protective Secure Saver Fixed Annuity 7-Year
Buyers with a 7-year time horizon who want a competitive guaranteed rate, 10% annual account-value liquidity, and broad distribution from Protective's A-plus carrier rating
A+
A.M. BEST
MYGA7-YR SURRENDER
Review →
Protective Income Creator Fixed Annuity
Buyers age 55 to 75 who want predictable lifetime income from a fixed-rate annuity (rather than indexed crediting) with a mandatory built-in income rider, sold through full-service broker-dealers
A+
A.M. BEST
Income7-YR SURRENDERINCOME RIDER 0.95% annually FEE
Review →
Asset Builder II 10 No ROP
A+
A.M. BEST
FIA10-YR SURRENDER
Details →
Indexed Annuity NY 10-Year
New York residents who want a principal-protected FIA with no rider fees and a straightforward two-strategy crediting menu
A+
A.M. BEST
FIA10-YR SURRENDER
Review →
Indexed Annuity NY 5-Year
New York residents who want a short-commitment, principal-protected FIA with no MVA and straightforward S&P 500 crediting
A+
A.M. BEST
FIA5-YR SURRENDER
Review →
Indexed Annuity NY 7-Year
New York residents who want principal protection and index-linked growth potential with a 7-year commitment and no income rider complexity
A+
A.M. BEST
FIA7-YR SURRENDER
Review →
Protective Guaranteed Income Indexed Annuity
Buyers age 50 to 79 who want a long-duration income FIA with a 15% bonus on the benefit base if income commences after year 5 (and 20% after year 10), a mandatory built-in lifetime income rider, and exposure to a competitive 4.0% simple rollup over 15 years
A+
A.M. BEST
FIA10-YR SURRENDERINCOME RIDER 1.20% annually FEE
Review →
Protective Income Builder
Buyers age 50 to 85 who want a 7-year income FIA with an aggressive 10.00% simple rollup on the benefit base, two payout options including one with annual increases after commencement, and Protective's A-plus carrier rating
A+
A.M. BEST
Income7-YR SURRENDERINCOME RIDER 1.00% annually (2.00% max) FEE
Review →
Protective Indexed Annuity 10 with ROP NY
A+
A.M. BEST
FIA10-YR SURRENDER
Details →
Protective Indexed Annuity 5 with ROP NY
A+
A.M. BEST
FIA5-YR SURRENDER
Details →
Protective Indexed Annuity 7 with ROP NY
A+
A.M. BEST
FIA7-YR SURRENDER
Details →

About Protective Life

Protective Life Insurance Company, owned by Japan's Dai-ichi Life, is a leading provider of fixed annuities in the United States. With over 115 years of history, Protective is known for innovative income products featuring aggressive rollups and flexible payout designs, as well as competitively priced multi-year guaranteed annuities. On this site that means Protective Income Builder, the Secure Saver MYGAs and its fixed indexed annuities. Their A-plus financial rating and broad product range make them a solid choice for accumulation and income strategies.

The tradeoffs

What works
  • A-plus financial strength rating backed by Dai-ichi Life
  • Aggressive income rollups on income FIAs (10% simple on Income Builder)
  • Competitive multi-year guaranteed annuity rates
  • Flexible payout and crediting options across product lines
What to watch
  • Some products not available in California or New York
  • Indexed crediting caps constrained on income products to fund guarantees
  • Longer surrender periods (7-10 years) on many flagship products
  • Rate banding creates meaningful spreads between low and high premium bands

What you could receive

Live projection for Protective Income Builder with Income Builder Benefit - Level, single life, issue age 62, income beginning at age 67. Illustrative, not a quote; figures refresh from Annuity Rate Watch.

PremiumMonthlyAnnual
$250,000$2,458$29,494
$500,000$4,916$58,988
$1,000,000$9,831$117,975

Income rider fees

Disclosed charges for optional riders on Protective Life products, live from Annuity Rate Watch. Product-level detail is on each review.

RiderProductFee
Income Creator GLWBProtective Income Creator Fixed Annuity0.95% annually
Guaranteed Income Annuity Benefit (Level Income)Protective Guaranteed Income Indexed Annuity1.20% annually
Guaranteed Income Annuity Benefit (Rising Income)Protective Guaranteed Income Indexed Annuity1.20% annually
Income Builder BenefitProtective Income Builder1.00% annually (2.00% max)
Income Builder Benefit - LevelProtective Income Builder1.00% annually
Income Builder Benefit - RisingProtective Income Builder1.00% annually

Best fit for these buyers

Income-focused retirees seeking aggressive rollup growth and lifetime guarantees
Buyers who value flexible payout options and carrier strength from a globally-backed insurer
Ages 50-75 planning retirement income with a multi-year time horizon

Frequently asked questions

Is Protective Life a good annuity company?
We have reviewed 8 Protective Life products, and A.M. Best rates the carrier A+ for financial strength. We describe its financial position as "Excellent" with $180+ Billion in total assets.
How much income can I get from a Protective Life annuity?
Income depends on your premium, age, and start date. At our benchmark scenario (single life, issue age 62, income beginning at age 67), Protective Life's highest-paying income product (Protective Income Builder) currently projects about $58,988 per year on a $500,000 premium, or $29,494 on $250,000. Figures are illustrative, based on live Annuity Rate Watch data, and are not a quote.
What are the fees for Protective Life annuities?
Fee structures vary by product. Optional income riders on Protective Life products carry disclosed charges, for example Income Creator GLWB (Protective Income Creator Fixed Annuity): 0.95% annually ; Guaranteed Income Annuity Benefit (Level Income) (Protective Guaranteed Income Indexed Annuity): 1.20% annually ; Guaranteed Income Annuity Benefit (Rising Income) (Protective Guaranteed Income Indexed Annuity): 1.20% annually . See each product review for the full fee detail.
What is the surrender period for Protective Life annuities?
Surrender periods on Protective Life's current lineup run 5–10 years, depending on the product. Most products allow an annual free-withdrawal amount before charges apply. The product table above shows each product's surrender length, and each review covers the exact schedule.

Sources & standards

How we know what's on this page

Rates, terms & availability
Annuity Rate Watch, which aggregates carriers' filed rate sheets. Refreshed every night.
Financial strength
A.M. Best. We publish the carrier's letter rating rather than a score of our own.
Contract detail
The carrier's own brochure, minimum guaranteed surrender value, death benefit, RMD treatment, annuitization options, waiver riders and free-withdrawal terms. Where the brochure and the rate feed disagree, the brochure wins: it is the filed document. Where neither carries a fact, the page omits it. We do not fill gaps with estimates.
Full methodology →Who publishes this →

See your Protective Life income projection

Answer a few questions and compare the products that fit you, on today's rates.

Start my comparisonCompare Protective Life →