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Fixed annuity provides flexible options

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When it comes to protecting retirement assets and guaranteeing an income stream in retirement, fixed annuities are just the right product for many seniors. Advisors who work with seniors make their living selling fixed products. Protective Life Insurance Co. has a new multiyear guarantee fixed annuity for advisors to consider for their clients.

The FutureSaver II allows policyholders to allocate funds to a variety of interest rate accounts, the guarantee periods of which range from two years to 10 years. That range provides the flexibility to meet individual needs based on interest earnings, access to funds and time horizons.

“We know that no two consumers have the same needs and goals when it comes to planning for retirement,” says Eric Miller, vice president and national marketing director for the company’s life and annuity division. “So we’ve created FutureSaver II to better serve individual preferences.”

Other features of the product include:

  • The ability to make additional purchase payments after issue.
  • An optional money-back guarantee.
  • Liquidity options in the event of terminal illness or confinement to a long term care facility.
  • A premium bonus feature on purchases of $100,000 or more, which may provide up to a 1
    percent credit on purchase payments.

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