Protective Life Insurance Company carries an A+ (Superior) rating from AM Best and over $130 billion in total assets. A consistent top-10 MYGA seller, Protective is known for competitive guaranteed rates, a broad product lineup spanning fixed annuities, FIAs, and income annuities, and the institutional backing of Dai-ichi Life Insurance — one of Japan’s largest insurers.
This review covers Protective Life’s financial strength, MYGA and fixed annuity products with live rates, FIA lineup, and contact information.
Protective Life at a Glance
| Detail | Information |
|---|---|
| Full Legal Name | Protective Life Insurance Company |
| Parent Company | Protective Life Corporation (subsidiary of Dai-ichi Life Insurance) |
| Headquarters | Birmingham, Alabama |
| Founded | 1907 |
| AM Best Rating | A+ (Superior) |
| S&P Rating | A+ (Strong) |
| Moody’s Rating | A1 |
| Total Assets | $130+ billion |
| Products Offered | MYGAs, Fixed Index Annuities, SPIAs, Variable Annuities |
| States Available | All 50 states + D.C. |
| Minimum Premium | $10,000 (most products) |
Protective Life’s Financial Strength
Protective Life holds an A+ (Superior) from AM Best and matching strong ratings from S&P and Moody’s — the same top-tier bracket as MassMutual, Nationwide, and Pacific Life. The company has been in continuous operation since 1907, weathering every major economic cycle of the 20th and 21st centuries.
Its parent, Dai-ichi Life Insurance, is one of Japan’s largest life insurers and provides Protective with significant capital support and long-term institutional stability. For clients choosing between A+ carriers on rate, Protective’s MYGA products have historically been competitive enough to appear regularly in top-10 rate comparisons.
What Types of Annuities Does Protective Life Offer?
- Multi-Year Guaranteed Annuities (MYGAs) — Protective’s ProSecure series and Achiever annuity products provide guaranteed rates across multiple terms. Consistently competitive rates for 3–7 year terms.
- Fixed Index Annuities (FIAs) — Protective’s Market Achiever series offers index-linked growth with optional income riders and a zero-loss floor.
- Single Premium Immediate Annuities (SPIAs) — Protective Income Annuity provides guaranteed lifetime income starting within one year.
Protective Life MYGA Products and Current Rates
Live rates from AnnuityRateWatch · Rates updated March 26, 2026
| Product | Term | Rate (APY) | Min Premium | Last Rate Change | |
|---|---|---|---|---|---|
|
Secure Saver 5
AM Best A+ |
5 Years | 5% | $75,000+ | Mar 24, 2026 | View Details → |
|
Secure Saver 5
AM Best A+ |
5 Years | 4.65% | $25,000+ | Mar 24, 2026 | View Details → |
|
Secure Saver 5
AM Best A+ |
5 Years | 3.8% | $10,000+ | Mar 24, 2026 | View Details → |
|
Secure Saver 7
AM Best A+ |
7 Years | 4.9% | $75,000+ | Mar 24, 2026 | View Details → |
|
Secure Saver 7
AM Best A+ |
7 Years | 4.55% | $25,000+ | Mar 24, 2026 | View Details → |
|
Secure Saver 7
AM Best A+ |
7 Years | 3.8% | $10,000+ | Mar 24, 2026 | View Details → |
Rates apply to standard products. State availability varies. Not an offer or solicitation. Always verify current rates before purchasing.
Protective Life MYGA Products
Protective ProSecure Series
Protective’s flagship MYGA product, available in multiple terms from 3 to 7 years. Provides a fully guaranteed interest rate for the entire term with tax-deferred growth. A 10% annual free withdrawal provision allows partial access to funds without surrender charges. Minimum premium $10,000.
Protective Achiever Annuity
A fixed annuity with a competitive guaranteed rate and flexible payout options. Designed for clients who want simple, principal-protected accumulation with the backing of an A+ carrier. Available through independent agents in all 50 states.
Protective Life Fixed Index Annuity Products
Protective Market Achiever
An FIA offering index-linked growth with a guaranteed zero floor. Multiple index crediting strategies include S&P 500 point-to-point and a fixed rate option. An optional income rider provides guaranteed lifetime withdrawal benefits. Designed for clients building retirement income over a 7–10 year horizon.
Who Is Protective Life Best For?
- MYGA buyers who want top-tier financial strength (A+ AM Best) combined with competitive rates. Protective is one of the few A+ carriers that regularly appears at or near the top of rate tables.
- Conservative accumulation clients rolling over CDs, savings, or maturing fixed annuities who want the reassurance of an A+ rating and 117+ years of operating history.
- Income annuity buyers who want SPIA payouts from a large, highly rated carrier available in all 50 states.
- FIA buyers looking for an income rider with a straightforward design from a carrier with strong agent support infrastructure.
Contact Protective Life
| Contact Method | Details |
|---|---|
| Website | www.protective.com |
| Customer Service | 1-800-866-3555 |
| Mailing Address | Protective Life Insurance Company P.O. Box 1928 Birmingham, AL 35201 |
| Hours | Monday–Friday, 7 a.m.–6 p.m. CT |
Compare Protective Life Against Top Carriers: My Annuity Store compares Protective Life alongside MassMutual, Athene, F&G, and 20+ other top-rated carriers. Get a free rate comparison or call 855-583-1104.
Further Reading: Fixed Index Annuities
Resources to help you evaluate Protective Life FIA products in context:
- Fixed Index Annuity Pros and Cons — A balanced look at FIA advantages and downsides across all carriers.
- Corebridge Power 10 Protector Review — How a comparable 10-year FIA from a competing carrier stacks up against Protective Life products.
