Protective Life Interest Rate Changes Effective 08/03/21

There will be decreases to some Protective Asset Builder II 10 YR rates (limited distribution only) for business signed August 3 and after, see below for details on the changes and how to save rate.  

• Protective Asset Builder II 10 Year – limited distribution only
  • $10,000 – $49,999 – Fixed Account down 10 bps, Point to Point Cap down 20 bps, Rate Cap for Term down 20 bps
  • $50,000 – $99,999 – Fixed Account down 15 bps, Point to Point Cap down 25 bps, Rate Cap for Term down 25 bps
  • $100,000 or more – Fixed Account down 15 bps, Point to Point Cap down 25 bps, Rate Cap for Term down 25 bps

New business signed by August 2 or earlier, with application and check or application and transfer/exchange paperwork received within 14 calendar days of sign date, can qualify for the higher rates.  Business submitted with our transfer/exchange form gets 60 days from sign date for funds to be received. 

**If client-initiated, include Page 1 of our transfer/exchange form (no signature needed) with the Client Initiated box checked – we must have information to track the 60 days.

• For cases with both cash (check) and transfer/exchange premium, the cash portion of the premium must be received within 14 calendar days of the sign date – do not wait to send the cash portion.

Download the most current annuity interest rate sheets from Protective Life.