November 3, 2020

Annuity Interest Rate Notification Effective 11/03/20

Rates are set every two weeks and may change without notice. Depending on market conditions, rates may be set more frequently. Withdrawals and early surrenders may lower returns.

Full Interest Rate Notification and regulatory disclosures.

Current Rates

Future Rates

Protective Fixed Annuities

Protective^© Secure Saver Visit the Products & Solutions section of www.myprotective.com for current state approvals.		Rates effective 11/03/2020
Guarantee Period	5-Year	7-Year
Contract Value $75,000+	1.50%	1.55%
Contract Value between $25,000 – $75,000	1.40%	1.45%
Contract Value Under $25,000	1.00%	1.05%
Protective® Secure Saver Fixed Annuity is a fixed, limited flexible premium, deferred annuity contact issued under policy form series LDA-P-2012. Limits may apply. Policy form numbers, product features, and availability may vary by state.

Protective Immediate Annuities

Protective ProPayer® Income (SPIA) Available in all states except NY.					Rates effective 11/03/2020
Payout Option	10-Year Period Certain	15-Year Period Certain	20-Year Period Certain	Life and 10-Year Period Certain	Life and 20-Year Period Certain
Monthly Payment*	$842.60	$592.64	$470.36	$444.99	$405.40
*Monthly payment for a 65 year old male with a non-qualified premium of $100,000, a one month payment delay, and 0% premium tax. Premium tax will vary depending on the state, and may cause the monthly amount to be different. (Net of any applicable premium tax). ProPayer® Income is a single premium immediate annuity contract. Policy form series IPD-2112. Policy form numbers, product features and availability may vary by state.

Protective Indexed Annuities

Protective^® Asset Builder Indexed Annuity
Available in all states except NY.

Rates effective
11/03/2020

5-Year Withdrawal Charge Schedule

Index

S&P 500^® Index¹

Citi Flexible Allocation 6 Excess Return Index

Interest Crediting Strategy

Fixed Rate

Annual Pt-to-Pt Rate Cap²

Annual Trigger Rate³

2-Year Participation & Spread⁴

Contract Value $100,000+

1.60%

3.50%

2.80%


Participation Rate	70.00%
Spread	0.00%

Contract Value Under $100,000

1.35%

2.75%

2.40%



Participation Rate	60.00%
Spread	0.00%

6-Year Withdrawal Charge Schedule

Index

S&P 500^® Index¹

Citi Flexible Allocation 6 Excess Return Index

Interest Crediting Strategy

Fixed Rate

Annual Pt-to-Pt Rate Cap²

Annual Trigger Rate³

2-Year Participation & Spread⁴

Contract Value $100,000+

1.65%

3.55%

2.85%


Participation Rate	72.00%
Spread	0.00%

Contract Value Under $100,000

1.40%

2.80%

2.45%



Participation Rate	62.00%
Spread	0.00%

7-Year Withdrawal Charge Schedule

Index

S&P 500^® Index¹

Citi Flexible Allocation 6 Excess Return Index

Interest Crediting Strategy

Fixed Rate

Annual Pt-to-Pt Rate Cap²

Annual Trigger Rate³

2-Year Participation & Spread⁴

Contract Value $100,000+

1.70%

3.60%

2.90%


Participation Rate	75.00%
Spread	0.00%

Contract Value Under $100,000

1.45%

2.85%

2.50%



Participation Rate	65.00%
Spread	0.00%

8-Year Withdrawal Charge Schedule

Index

S&P 500^® Index¹

Citi Flexible Allocation 6 Excess Return Index

Interest Crediting Strategy

Fixed Rate

Annual Pt-to-Pt Rate Cap²

Annual Trigger Rate³

2-Year Participation & Spread⁴

Contract Value $100,000+

1.75%

3.65%

2.95%


Participation Rate	80.00%
Spread	0.00%

Contract Value Under $100,000

1.50%

2.90%

2.55%



Participation Rate	70.00%
Spread	0.00%

9-Year Withdrawal Charge Schedule

Index

S&P 500^® Index¹

Citi Flexible Allocation 6 Excess Return Index

Interest Crediting Strategy

Fixed Rate

Annual Pt-to-Pt Rate Cap²

Annual Trigger Rate³

2-Year Participation & Spread⁴

Contract Value $100,000+

1.80%

3.70%

3.00%


Participation Rate	82.00%
Spread	0.00%

Contract Value Under $100,000

1.55%

2.95%

2.60%



Participation Rate	72.00%
Spread	0.00%

10-Year Withdrawal Charge Schedule

Index

S&P 500^® Index¹

Citi Flexible Allocation 6 Excess Return Index

Interest Crediting Strategy

Fixed Rate

Annual Pt-to-Pt Rate Cap²

Annual Trigger Rate³

2-Year Participation & Spread⁴

Contract Value $100,000+

1.85%

3.75%

3.05%


Participation Rate	84.00%
Spread	0.00%

Contract Value Under $100,000

1.60%

3.00%

2.65%



Participation Rate	74.00%
Spread	0.00%

A minimum surrender value is guaranteed when the contract is terminated due to full surrender, death, or annuitization. This amount is calculated by:

Taking 100% of aggregate purchase payments accumulated at the contract’s non-forfeiture rate, which cannot be less than 1% or more than 3%, and
Subtracting any prior aggregate withdrawals (including withdrawal charges) accumulated at the non-forfeiture rate, and
Subtracting any withdrawal charges that apply at termination.

¹ Amounts allocated to any of the following strategies earn interest in arrears based, in part, on the performance of the S&P 500® Index (without dividends). Interest, if any, is credited at the end of each index term.

² This strategy credits interest when index performance is positive—up to a maximum of the interest rate cap in effect for that year. When index performance is flat or negative, no interest is credited for that year.

³ This strategy credits a predetermined trigger interest rate when index performance is flat or positive. When index performance is negative, no interest is credited for that year.

⁴Amounts allocated to this strategy earn interest in arrears, based in part on the performance of the Citi Flexible Allocation 6 Excess Return Index. The index term is two years. This strategy credits interest by multiplying the index performance by the participation rate and then subtracting the spread. A positive result is the interest rate for that term. If the result of that calculation is 0% or negative, no indexed interest will be credited for that term. This strategy has a participation rate declared in advance, subject to the minimum participation rate, and is guaranteed for each two-year index term with a spread that is guaranteed to remain 0% for the life of the contract. The crediting strategy will not reduce the contract value, even if the index performance is flat or negative.

Protective Asset Builder is a limited flexible premium deferred indexed annuity contract issued under policy form series FIA-P-2010 and FIA-P-2011. Protective Asset Builder is issued by Protective Life Insurance Company located in Birmingham, AL. Policy form numbers, product availability and features may vary by state.

Protective is a registered trademark of Protective Life Insurance Company; Asset Builder is a trademark of Protective Life Insurance Company.

Protective Asset Builder is not an investment in any index, is not a security or stock market investment, does not participate in any stock or equity investment, and does not contain dividends.

Protective^® Income Builder Indexed Annuity
Available in all states except NY.

Rates effective
11/03/2020

7-Year Withdrawal Charge Schedule

Index

S&P 500^® Index¹

Citi Flexible Allocation 6 Excess Return Index⁴

Interest Crediting Strategy

Fixed Rate

Annual Pt-to-Pt Rate Cap¹

Annual Trigger Rate²

Annual Rate Cap for Term³

2-Year Participation & Spread⁴

Contract Value $100,000+

1.25%

2.60%

1.75%

2.50%


Participation Rate	60.00%
Spread	0.00%

Contract Value Under $100,000

1.10%

2.30%

1.45%

2.20%



Participation Rate	52.00%
Spread	0.00%

A minimum surrender value is guaranteed when the contract is terminated due to full surrender, death, or annuitization. This amount is calculated by:

Taking 87.5% of aggregate purchase payments accumulated at the contract’s non-forfeiture rate, which cannot be less than 1% or more than 3%, and
Subtracting any prior aggregate withdrawals accumulated at the non-forfeiture rate

¹ Amounts allocated to this strategy earn interest in arrears based, in part, on the performance of the S&P 500® Index. The interest credited is equal to the percentage change of the index up to the interest rate cap, but not less than 0%. The interest rate cap is first set when you purchase the contract and thereafter, annually at the beginning of each contract year. When market index performance is flat or negative, no interest is credited for that year.

² Amounts allocated to this strategy earn interest in arrears based, in part, on the performance of the S&P 500® Index. The indexed interest rate is first set when you purchase the contract and thereafter, annually at the beginning of each contract year. This strategy credits a predetermined trigger interest rate when market index performance is flat or positive. When market index performance is negative, no interest is credited for that year.

³ When market index performance is positive, this strategy credits interest equal to the market index performance – up to a maximum of the interest rate cap in effect for that year. This option guarantees the interest rate cap to be locked in and remain constant for the entire surrender change period, then subject to change annually thereafter. When market performance is flat or negative, no interest is credited for that year.

This annuity rate notification is intended only as a summary of the current rates and indexing strategies offered for the listed product(s). The insurance company sets interest rates at its sole discretion and cannot guarantee or predict future interest rates. All non-guaranteed components of the indexing formula may change and could be different in the future. For product details, benefits, limitations and exclusions, please consult the contract, product guide and disclosure statement. These documents describe the terms and conditions that control the insurance company’s contractual obligations. Indexed interest could be less than that earned in a traditional fixed annuity, and could be zero.

Protective is a registered trademark of Protective Life Insurance Company; Income Builder is a trademark of Protective Life Insurance Company.

Protective Income Builder is a limited flexible premium deferred indexed annuity contract issued under policy form series FIA-P-2010 and FIA-P-2011. Protective Asset Builder is issued by Protective Life Insurance Company located in Birmingham, AL. Policy form numbers, product availability and features may vary by state.

Protective Income Builder is not an investment in any index, is not a security or stock market investment, does not participate in any stock or equity investment, and does not contain dividends.

Protective^® Indexed Annuity II Visit the Products & Solutions section of www.myprotective.com for current state approvals.									Rates effective 11/03/2020
Without Return of Premium (ROP)¹
Surrender Schedule	5-Year				7-Year				10-Year
Interest Crediting Strategy	Fixed Rate	Annual Pt-to-Pt Rate Cap²	Annual Trigger Rate³	Annual Rate Cap for Term⁴	Fixed Rate	Annual Pt-to-Pt Rate Cap²	Annual Trigger Rate³	Annual Rate Cap for Term⁴	Fixed Rate	Annual Pt-to-Pt Rate Cap²	Annual Trigger Rate³	Annual Rate Cap for Term⁴
Contract Value $100,000+	1.60%	3.50%	2.80%	3.40%	1.70%	3.60%	2.90%	3.50%	1.85%	3.75%	3.05%	3.65%
Contract Value Under $100,000	1.35%	2.75%	2.40%	2.65%	1.45%	2.85%	2.50%	2.75%	1.60%	3.00%	2.65%	2.90%
With Return of Premium (ROP)¹
Surrender Schedule	5-Year				7-Year				10-Year
Interest Crediting Strategy	Fixed Rate	Annual Pt-to-Pt Rate Cap²	Annual Trigger Rate³	Annual Rate Cap for Term⁴	Fixed Rate	Annual Pt-to-Pt Rate Cap²	Annual Trigger Rate³	Annual Rate Cap for Term⁴	Fixed Rate	Annual Pt-to-Pt Rate Cap²	Annual Trigger Rate³	Annual Rate Cap for Term⁴
Contract Value $100,000+	1.50%	2.95%	2.25%	2.85%	1.55%	3.05%	2.35%	2.95%	1.60%	3.15%	2.65%	3.05%
Contract Value Under $100,000	1.35%	2.20%	1.85%	2.10%	1.35%	2.30%	1.95%	2.20%	1.35%	2.40%	2.25%	2.30%
A minimum surrender value is guaranteed when the contract is terminated due to full surrender, death, or annuitization. This amount is calculated by: Taking 100% of aggregate purchase payments accumulated at the contract’s non-forfeiture rate, which cannot be less than 1% or more than 3%, and Subtracting any prior aggregate withdrawals (including withdrawal charges) accumulated at the non-forfeiture rate, and Subtracting any withdrawal charges that apply at termination.
¹ Contracts including the Return of Purchase Payment (ROP) feature may earn a lower interest rate than those without it. ² Amounts allocated to this strategy earn interest in arrears based, in part, on the performance of the S&P 500® Index. The interest credited is equal to the percentage change of the index up to the interest rate cap, but not less than 0%. The interest rate cap is first set when you purchase the contract and thereafter, annually at the beginning of each contract year. When market index performance is flat or negative, no interest is credited for that year. ³ Amounts allocated to this strategy earn interest in arrears based, in part, on the performance of the S&P 500® Index. When market performance is flat or positive, this strategy credits a predetermined trigger interest rate. When market performance is negative, no interest is credited for that year. ⁴ Amounts allocated to this strategy earn interest in arrears based, in part, on the performance of the S&P 500® Index. When market index performance is positive, this strategy credits interest equal to the market index performance – up to a maximum of the interest rate cap in effect for that year. This option guarantees the interest rate cap to be locked in and remain constant for the entire withdrawal change period, then subject to change annually thereafter. When market performance is negative, no interest is credited for that year. All non-guaranteed components of the indexing formula may change and could be different in the future. For product details, benefits, limitations and exclusions, please consult the contract, product guide and disclosure statement. These documents describe the terms and conditions that control the insurance company’s contractual obligations. Indexed interest could be less than that earned in a traditional fixed annuity, and could be zero. The Protective Indexed Annuity II is a limited flexible premium deferred indexed annuity contract issued under policy form series FIA-P-2011. The Protective Indexed Annuity II is issued by Protective Life Insurance Company located in Birmingham, AL. Policy form numbers, product availability and features may vary by state. The Protective Indexed Annuity II is not an investment in any index, is not a security or stock market investment, does not participate in any stock or equity investment, and does not contain dividends.