Protective Smart Saver — 6-year fixed annuity at 4.80%
- Locks in 4.80% for 6 years
- Open with $25,000 to $1,000,000
- Free withdrawals allowed for:
- 10% of your balance each year
- Your full investment for nursing home confinement or terminal illness
Rates as of May 8, 2026
Projected balance
over 6 years
Compounded at 4.80% guaranteed. No market exposure, no fees deducted from your balance.
| Year | Earnings | Balance |
|---|---|---|
| 1 | $4,800 | $104,800 |
| 2 | $5,030 | $109,830 |
| 3 | $5,272 | $115,102 |
| 4 | $5,525 | $120,627 |
| 5 | $5,790 | $126,417 |
| 6 | $6,068 | $132,485 |
| Total earnings | $32,485 | $132,485 |
Free-withdrawal allowance: 10% / yr. Withdrawals beyond the allowance trigger the surrender charge below.
- Rank vs. peers
- #31 of 43 (top is 6.00% — American Gulf Anchor MYGA)
If you withdraw early
Surrender charge schedule
Surrender charges apply to withdrawals beyond the free-withdrawal allowance during the contract term. The charge is a percentage of the amount withdrawn, decreasing each year. They exist because the carrier matches your premium against long-duration assets — early redemption forces them to unwind those positions.
| Contract year | Charge |
|---|---|
| Year 1 | 9.0% |
| Year 2 | 8.0% |
| Year 3 | 7.0% |
| Year 4 | 6.0% |
| Year 5 | 5.0% |
| Year 6 | 4.0% |
Contract terms
What else to know
Term
6 years guaranteed at 4.80% APY
Investment range
$25,000 – $1,000,000
Rate banding
Higher investment amounts qualify for higher rates.
| Premium band | Rate |
|---|---|
| $25,000 – $50,000 | 4.30% |
| $50,000 – $100,000 | 4.55% |
| $100,000 – $1,000,000 | 4.80% |
Funding sources accepted
Roth Conversion (Full), Traditional IRA, Non-Qualified, IRA Rollover, IRA Transfer, IRA-Roth, TSA 403b, 457 plan, SEP IRA, 401k
Owner age
0 to 85 years old
Death benefit
Full accumulated value passes to your beneficiary, no surrender charge.
Riders & waivers
- Terminal Illness Waiver
- Nursing Home Waiver
- Unemployment Waiver
Maturity
30-day window at the end of the term to withdraw, reinvest, or convert to guaranteed income via annuitization.
Tax treatment
Interest accumulates tax-deferred. Personal post-tax funds: only the interest is taxable on withdrawal. Withdrawals before age 59½ may be subject to a 10% IRS penalty.
Source: Protective contract brochure (download PDF). Anything you act on should be confirmed against the carrier's most recent filing.
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