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Fixed Indexed Annuities

Enjoy principal protection with the potential for growth, and if needed, income for life.

What is a fixed indexed annuity?

If you're looking for principal protection with the potential to earn an attractive rate of return that is tied to the market, without being directly invested, a fixed indexed annuity may be a fit for you. A fixed indexed annuity is a long-term investment that allows your assets to grow tax-deferred, and for an additional cost, offers an optional guaranteed lifetime withdrawal benefit (GLWB) that provides a guaranteed "retirement paycheck" for you and your spouse that is guaranteed to grow each year income is deferred (up to 10 years). The guaranteed income (your "retirement paycheck") is designed to help cover your essential living expenses, as defined by you, in retirement.

Guarantees are backed by the claims paying ability and financial strength of the issuing insurance company, not Schwab.

Click here for interest rates on the fixed indexed annuity offered through Schwab.


Questions about annuities? Contact an annuity specialist at 866-663-5241.

Protective® Indexed Annuity II

  • Standard

    Principal protection with potential for attractive yield

    Ability to earn an attractive rate of return based on index performance.

  • Optional*

    Enhanced guaranteed lifetime income

    Get a guaranteed monthly "retirement paycheck" for life.

*Optional protected lifetime income benefit is available for an additional cost

table

Issuer Protective Life Insurance Company
Financial strength—Standard & Poor’s1 AA-
Maximum issue age 85
Minimum Initial Purchase at Schwab $100,000
Maximum purchase $1,000,0002
Additional purchase Additional purchase payments are welcome when initiated before the first contract anniversary and received before the oldest owner or annuitant turns 86. The minimum additional purchase payment amount is $1000.

See more fixed indexed annuity product information.

Initial cap rate guaranteed periods
Withdrawal charge schedules
Interest-Crediting Options
Renewal
Guaranteed Minimum Surrender Value
Access to your money
Death Benefit
Additional benefits†

What other factors should you be aware of when considering a fixed indexed annuity?

A fixed indexed annuity may have withdrawal or surrender charges (a charge on an early withdrawal based on the guaranteed period of the policy or cancellation of the policy), and some contracts may impose a market value adjustment if you make a withdrawal during one or more of the guaranteed periods offered under the policy. Generally, any withdrawals in a given year during the initial guaranteed period that exceed 10% of your account value will be subject to withdrawal charges and/or a market value adjustment.

Withdrawals from a fixed indexed annuity will reduce the value of your annuity and can be subject to ordinary income tax. Withdrawals prior to age 59½ may also be subject to a 10% federal tax penalty.

Questions? We're ready to help.