Now available: Protective® Guaranteed Income Indexed Annuity

New product available through CreativeOne: Protective® Guaranteed Income Indexed Annuity

PLICO logo taglineAs part of our ongoing commitment to financial professionals like you who share in our mission of protecting financial futures, we are pleased to offer a new and exclusive indexed annuity that was carefully designed around your specific business model: Protective® Guaranteed Income Indexed Annuity, available June 6, 2018.

This new annuity solution was carefully designed to maximize value for you, your agents and their clients.

Protective® Guaranteed Income Indexed Annuity

  • is priced to offer competitive compensation
  • is based on a straight-forward, client-friendly design
  • offers one of the highest guaranteed incomes at age 70

With Protective® Guaranteed Income Indexed Annuity, clients benefit with a plan for steady, guaranteed lifetime income—no matter what the market does or how long they live–all backed by the strength and stability of Protective Life.

Guaranteed Income That Stands the Test of Life

  • Guaranteed Income Benefit
    • provides income for life, fueled by 4% benefit base roll-up and bonuses up to 30% for deferring income (annual benefit cost 1.00% of benefit base, charged monthly
  • Enhanced income potential
    • an uncapped crediting strategy with the potential for benefit base step ups
  • Two income options
    • level or rising payout schedules
  • Competitive withdrawal rates
    • 6.00% at age 70 (on a single life basis)

3 Allocation Options for Growth

  • Fixed
    • credits a fixed rate of interest that is credited daily
  • Annual Point to Point Strategy with the S&P 500 Index
    • credits interest when index performance is positive–up to a maximum interest rate cap in effect for that year
  • 2-Year Participation Rate Strategy with the Citi Flexible Allocation 6 Excess Return Index
    • Credits interest by multiplying index performance by the participation rate, guaranteed for each two-year index term, subject to the minimum participation rate. A positive result is the rate for that term

Other Features

  • Issue ages 50-79
  • Minimum initial purchase payment $25,000; additional minimum $1,000, max $1 million
  • Withdrawal Charge:
    • 10 year: 9%, 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%, 0%
    • California: 10 year: 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%,1%
  • Market Value Adjustment applied to withdrawals that exceed the allowable penalty free amount; limited to the amount of excess interest credited to the contract.
  • Death Benefit The greater of contract value or minimum guaranteed surrender value
  • Penalty- free withdrawals up to 10% annually
  • Penalty- free access to contact value for unemployment, terminal illness, or nursing home stays

State Availability Protective Guaranteed Income Indexed Annuity is available in all states except New York.

NAIC Required Annuity Training

NAIC annuity training is required prior to the sale of this product and is accessible online at The code for this course is FIAPGI.

For more information, please contact us at 800.992.2642.

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