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Protective%%®%% Smart Saver NY fixed annuity

When clients seek greater access to money and principal safety, this fixed annuity helps them preserve, grow and tap into their investment to protect their retirement goals.

Why Protective Smart Saver NY fixed annuity?

This fixed, limited flexible-premium deferred annuity gives clients options and greater access to the money they need in retirement.
Guaranteed 5- and 7-year rates
Choice of interest rate guarantee periods allows clients to safely grow and preserve assets based on their goals.
No Alt
Tax-deferred growth
Money grows tax-deferred, allowing earnings to compound faster for maximum savings.
Penalty-free access to money%%1%%
Money may be accessed for terminal illness, unemployment or nursing home stay for owner or spouse.²

Consider this product for a client who:

  • Seeks greater access to money
  • Has a conservative risk profile
  • Prefers the safety of cash savings vehicles, money market funds and bank CDs

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Key product specs

  • Limited flexible premium deferred fixed annuity
  • Issue ages 0-85
  • Minimum initial investment of $25,000, up to a maximum of $1 million
  • 5- and 7-year interest rate guarantee periods

An illustration of a person reviewing the key product specifications for the Protective Smart Saver NY fixed annuity.

Built in waivers to protect against unexpected life events

  • Annual penalty-free withdrawals of 10% of the contract value.1
  • Nursing facility confinement/terminal illness condition waiver allows the withdrawal of all or a portion of the contract value.2
  • Unemployment waiver permits the withdrawal of all or a portion of the contract value with no withdrawal charge.2

A wife comforting her husband while he is in a hospital.
Illustration of person encouraging professionals to review the rate information for the Protective Smart Saver NY fixed annuity.
Protective Smart Saver NY fixed annuity rates
Check our current and future fixed annuity rates, which we set every two weeks. Rates may change without notice and, depending on market conditions, may be set more frequently.
Introduce your clients to Protective Smart Saver NY fixed annuity
Protective Smart Saver NY fixed annuity builds retirement income through a stream of income payments guaranteed to last as long as you live. Use our brochure with clients to help explore if our fixed annuity is right for them.
A woman reviewing Protective Smart Saver NY fixed annuity with her financial professional.

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We’re here for you

We’re ready to help you deliver the protection and security your clients deserve. Reach out to us anytime for questions and support, and we’ll get in touch with you as soon as possible.
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Welcome to Protective

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¹ 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 59½, an additional 10% IRS tax penalty may apply. More frequent withdrawals may reduce earnings more than annual withdrawals.

² Waives withdrawal charges and MVA for contract owners and/or spouses who qualify. Only available in New York. Terms and conditions apply. See policy for details.

Product guarantees are backed by the financial strength and claims-paying ability of the issuing company.

Protective refers to Protective Life and Annuity Insurance Company (PLAIC). PLAIC is located in Birmingham, AL, and is licensed in New York. Protective does not recommend or endorse any particular investment option and does not provide investment advice. Protective and its representatives do not offer or provide investment, legal, or tax advice, or act in a fiduciary capacity for any client. Purchasers should consult their attorney or tax advisor regarding their individual situation. Annuities are long-term insurance contracts intended for retirement planning.

The Protective Smart Saver NY fixed annuity is a fixed, limited flexible premium, deferred annuity contract issued in New York by PLAIC under contract form number NY-LDA-A-2014. Product features and availability may vary by state.

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