Benefits of indexed annuities
Withdrawals reduce the annuity’s remaining death benefit, contract value, cash surrender value and future earnings. Withdrawals may be subject to income tax and, if taken prior to age 59 ½, an additional 10% IRS tax penalty may apply. More frequent withdrawals may reduce earnings more than annual withdrawals.
What makes indexed annuities from Protective different?
If you want the potential to grow your retirement nest egg, but are concerned about the volatility of the stock market, an indexed annuity may be right for you.
If you want to secure an income stream for retirement, but want the potential to continue to grow your money with limited risk, you might consider an indexed annuity.
Common questions about indexed annuities
Indexed annuity products are designed to help you plan and secure your retirement with the opportunity for your money to grow - with protection to limit the risk to your investment. An indexed annuity offers interest crediting based, in part, on the performance of an underlying market index.
An indexed annuity differs from a fixed annuity in that you have the potential to earn interest based, in part, on the performance of market indices. A Fixed annuity only offers a set rate of interest.
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An indexed annuity is not an investment in an index, is not a security or stock market investment and does not participate in any stock or equity investments.
Annuities are not a deposit, not insured by any federal government agency, carry no bank or credit union guarantee, are not FDIC/NCUA insured and may lose value.
All payments and guarantees are subject to the claims-paying ability of Protective Life Insurance Company.