Protective Life Secure Saver 5
Current Fixed Rates Bands
Rate Effective Date October 6, 2026
The Protective Life Secure Saver 5 is a flexible premium, fixed annuity with a five-year rate guarantee. Additional premiums are accepted during the first contract year.
After the five-year term has ended, all funds are available for full withdrawal or transfer. If no action is taken, a new one-year interest rate is applied, but the contract does not renew for a new term. Instead, it remains a fully liquid annuity with a one-year flexible rate.
Three interest rate bands are available. The highest rate is for deposits over $75K. The second highest is for amounts between $25K – $74.9K and the lowest, third band is for amounts between $10K – $24.9K. There are no surrender penalties at death and both qualified and non-qualified funds are accepted.
More Annuity options from: Protective Life
Notable Features
Nursing home, terminal illness, and unemployment free withdrawal waivers are all included at no extra cost. Notably, all three free withdrawal waivers apply to the spouse of the policyholder as well.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
5 Years
Free Withdrawals Yr1 / Yr2+
10% / 10%
Additional Withdrawal Information
Owners may withdraw up to 10% of the contract value as of the prior contract anniversary each contract year with no withdrawal charge. This policy is RMD-friendly for IRA owners.
Surrender Schedule
9%, 8%, 7%, 6%, 5%, 0%
Maximum Age
85
Minimum Investment
$75,000
Maximum Investment
$1,000,000
What We Like About This Annuity
This annuity account is offered by an A+ rated insurance company. Three interest rate bands are available, and the policy includes free 10% withdrawals in all years. This annuity does not automatically renew at maturity and remains completely liquid, with a one-year guaranteed rate and no surrender penalties.
Other Popular Products
Protective Life is best known for its low-cost term life insurance policies. They offer great term rates as well as popular universal and whole life coverage. More recently, their fixed and immediate annuity accounts are growing in popularity as they offer competitive interest rates.
About Protective Life
Protective Life
AM Best Rating: A+ Superior (2nd of 13 ratings)
https://www.protective.com/
About Protective Life Insurance Company
Headquartered in Birmingham, AL, this A+ rated insurance company also has corporate offices in Cincinnati, OH and St. Louis, MO. They have offered insurance protection for over 110 years for consumers and businesses alike.
They specialize in life insurance and annuities through their large family of companies. Their mission is to work hard to ensure financial success for their customers, shareholders, partners, and employees.