Protective Life Insurance Company

Protective Life Insurance Company
Name: Protective Life Insurance Company
Description: Protective Life Insurance Company was founded in 1907.
Website: http://www.protective.com
Customer Service: 800-866-9933 
Address: 2801 Hwy 280 South
Birmingham,AL 35223
Offered by QuickQuote in: AK , AL , AR , AZ , CA , CO , CT , DC , DE , FL , GA , HI , IA , ID , IL , IN , KS , KY , LA , MA , MD , ME , MI , MN , MO , MS , MT , NC , ND , NE , NH , NJ , NM , NV , OH , OK , OR , PA , RI , SC , SD , TN , TX , UT , VA , VT , WA , WI , WV , WY
Year Founded: 1906
AM Best Rating: A+ as of 2015
S&P Rating: AA-

Included Term Life Product Features

Accelerated Death Benefit: Included with no extra premium.

In the event of a terminal illness (death expected within 12 months and diagnosed by an eligible physician), the Company may accelerate up to 60% of the policy's death benefit or $1 million, whichever is less, to help meet the Insured's financial needs. The benefit is free and the policy's death benefit is reduced by the amount paid plus accumulated interest

Subject to limitations and state availability. Form 962096200 or 002096200.

Optional Term Life Product Features

Disability Benefit Rider: Available with extra premium.

With this rider, the Insured can specify a monthly benefit amount to be paid towards the policy premium. The monthly benefit amount is credited to the policy after the Insured has been totally disabled for six months and has met all conditions of the rider.

Total Disability is defined as a disability that (1) prevents the Insured from engaging in his or her regular occupation for remuneration or profit during the first 2 years of disability; and (2) after the first 2 years of disability, the disability prevents the Insured from engaging in any occupation for remuneration or profit for which he or she is reasonably suited by education, training or experience.

Issue ages are 18-55 not to exceed issue age of base policy. Coverage expires at age 60.

Please call or email for premium rates. Subject to limitations. Form 8301-8110 or 002198800.

Children's Term Rider: Available with extra premium.

This rider provides coverage for the Insured's covered children. A covered child is any natural child, stepchild or legally adopted child, ages 15 days through 17 years.

Coverage is available in increments of $1,000 up to $20,000. Cost per $1,000 increment is $6.00 annually, regardless of the number of children covered. For example, 20 increments provides $20,000 coverage for each covered child with a total cost of $120 annually.

Insured issue ages are 18-64. Coverage expires on either the child's 25th birthday, the rider termination date (the Insured's 65th birthday) or the termination of the policy, whichever is earlier.

Subject to limitations and state availability. Form 052122400.

Accidental Death Benefit Rider: Available with extra premium.

Pays an additional death benefit if the Insured dies as a result of bodily injury due to an accident. This rider will not pay if the Insured dies from suicide, physical or mental disease, or injuries sustained as the result of war whether declared or undeclared.

Maximum amount is the lesser of the face amount of the policy or $250,000. Issue ages are 18-60. Coverage expires at age 70 or policy expiry date if earlier.

Please call or email for premium rates. Subject to limitations. Form 8301-7110 or 002198900.

Other Information

Legal Information Custom Choice UL, Policy Form UL-17, is a flexible premium universal life insurance policy with initial planned premiums comparable to a term life insurance premium.
Premiums are guaranteed to provide death benefit coverage for the initial period selected (10, 15, 20, 25 or 30 years). Higher premiums will be required to guarantee death benefit coverage beyond the initial period. There is no maturity date.

Protective Life Insurance Company Plans

Custom Choice UL 10
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Custom Choice UL 10 is a universal life insurance policy with initial planned premiums comparable to traditional term life insurance. The death benefit is guaranteed for 10 years at the initial premium level. Coverage may be extended beyond the initial 10-yr period with higher planned premiums.
Custom Choice UL 15
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Custom Choice UL 15 is a universal life insurance policy with initial planned premiums comparable to traditional term life insurance. The death benefit is guaranteed for 15 years at the initial premium level. Coverage may be extended beyond the initial 15-yr period with higher planned premiums.
Custom Choice UL 20
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Custom Choice UL 20 is a universal life insurance policy with initial planned premiums comparable to traditional term life insurance. The death benefit is guaranteed for 20 years at the initial premium level. Coverage may be extended beyond the initial 20-yr period with higher planned premiums.
Custom Choice UL 25
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Custom Choice UL 25 is a universal life insurance policy with initial planned premiums comparable to traditional term life insurance. The death benefit is guaranteed for 25 years at the initial premium level. Coverage may be extended beyond the initial 25-yr period with higher planned premiums.
Custom Choice UL 30
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Custom Choice UL 30 is a universal life insurance policy with initial planned premiums comparable to traditional term life insurance. The death benefit is guaranteed for 30 years at the initial premium level. Coverage may be extended beyond the initial 30-yr period with higher planned premiums.