Protective Life Insurance Company has some of the highest fixed annuity rates in the country with its ProSaver® Platinum Fixed Annuity.

The ProSaver® Platinum Fixed Annuity offers multiple guarantee periods (GP) varying in length from two to ten years and 15 years. Your interest rate will be locked in for the length of the GP.

For deposits between $10,000 and $99,999, the current fixed annuity rates are:

2 Years @ 1.00%
3 Years @ 1.05%
4 Years @ 1.50%
5 Years @ 2.65%
6 Years @ 2.85%
7 Years @ 3.50%
8 Years @ 3.65%
9 Years @ 3.80%
10 Years @ 4.00%
15 Years @ 4.25%

For deposits of $100,000 or more, the current fixed annuity rates are:

2 Years @ 1.25%
3 Years @ 1.30%
4 Years @ 1.75%
5 Years @ 2.90%
6 Years @ 3.10%
7 Years @ 3.75%
8 Years @ 3.90%
9 Years @ 4.05%
10 Years @ 4.25%
15 Years @ 4.50%

After the GP has expired, you can let the rate renew annually, start the same GP over again or roll those funds into a new GP.

Product Details You Need to Know

Keep in mind that surrender charges and a market value adjustment will apply if you withdraw funds or annuitize your contract before the maturity of an interest rate guarantee period.

The ProSaver® Platinum Fixed Annuity is available to customers 95 years old or younger at the time the GP ends. For example, if you are 85 years old, you cannot invest in a GP longer than ten years.

Certain features of this fixed annuity may not be available in all states.

Learn more about the ProSaver® Platinum Fixed Annuity in the full client guide.

Creating a Fixed Annuity Ladder

You may want to choose more than one GP to create an annuity ladder. With this approach, you don't lock all your money up with one low rate. Here's how it could work:

Let's say you have a total of $200,000 to invest. You could make an initial investment of $50,000 in each GP of two-, three-, four- and five-year durations. As each GP ends, move the money into another five-year GP.

Initial Investment:
1. $50,000 is put in a 2 Year GP @ 1.00%
2. $50,000 is put in a 3 Year GP @ 1.05%
3. $50,000 is put in a 4 Year GP @ 1.50%
4. $50,000 is put in a 5 Year GP @ 2.65%

Roll into when GP ends:
5. Investment number one rolls into a 5 Year GP @ (2.90%)
6. Investment number two rolls into a 5 Year GP @ (3.35%)
7. Investment number three rolls into a 5 Year GP @ (3.65%)
8. Investment number four rolls into a 5 Year GP @ (3.50%)

There are many different ways to structure a fixed annuity ladder. This is just one example of how you could go about it.

Why it Works
Longer-term guarantee periods will typically have higher yields than shorter-term guarantee periods. In the fixed annuity ladder example, you'll yield more money than buying a two-year GP with the full $200,000 investment and locking in the rate every two years.

How to Open the ProSaver® Platinum Fixed Annuity

Ask you financial advisor about this product. If you don't have a financial advisor yet, AdvisorWorld.com can help you find an advisor.

Financial Strength of Protective

Protective Life Insurance Company has insurer financial strength ratings of A+ (Superior, 2nd highest of 15 ratings) from A.M. Best, AA- (Very Strong, 4th highest of 21 ratings) from Standard & Poor's, A (Strong, 6th highest of 22 ratings) from Fitch, and A2 (Good, 6th highest of 21 ratings) from Moody's Investor Services.

More Fixed Annuities

Consider a deal featured in one of my previous posts on Western National Life's Flex 5 Fixed Annuity.