Life insurance and retirement planning are the main priorities of Protective Life Insurance Company, which has been around since 1907. Their headquarters are in Birmingham, Alabama.
Term, universal, and whole life insurance policies are available from Protective. You can get an insurance as late as you are 75 to 85 years old, depending on the plan you choose.
Protective offers variable universal life insurance as well as term, entire, indexed universal life insurance. Protective’s website offers a price on term life policies; for information on its other products, you will need to speak with a business agent.
Most of its policies call for a medical evaluation. Without an additional medical check, you can indeed convert a term life insurance policy to a permanent one.
Policies: Protective offers nine separate life insurance options. These cover universal life options, term life, and whole life. Its seven universal life policies consist in indexed universal and variable universal options.
Coverage Limits: The life insurance policies Protective offers have different coverage limits. For instance, the Strategic Objectives II variable universal plan from Protective covers beginning at $100,000. But Protective’s non-participating whole life plan minimum is $1,000.
Age limits apply to all of Protective’s life insurance policies regarding policy purchase. Depending on the plan, the age limitations run from 75 to 85 years old. The Lifetime Assurance universal life plan has an age limit of 85 years old; the Proclassic II universal life plan has a 75-year age restriction.
In order to tailor your universal life insurance policy to your specific needs, Protective offers a number of different options and riders. They can be a solid choice for you. Protective only provides a single whole life insurance and a single term life policy, so clients looking for a variety of options will have to go elsewhere. Its term life policies are available through an online application.
How Much Senior Life Insurance from Protective Cost Is Needed?
Up to age 80, protective issues 10-year term life plans. The sample monthly rates below reflect applicants who fit the criteria for the standard risk class, therefore they may have a few health issues but still have a normal life expectancy and do not smoke. Protective calls for all term life candidates to finish a medical assessment.
Protective Life Insurance Review
How much protective cost life insurance from smokers pays?
Generally speaking, smokers pay more for life insurance than non- smokers. For those who just smoke sometimes, the rates below represent Protective’s preferred smoker risk class. Still, a 35-year-old female smoker may spend around $152 more a month for a $1 million policy than a nonsmoking woman the same age. Male smokers 35 years old pay considerably more for Protective’s term policies—insurance than $190 per month more than their nonsmoking colleagues.
From Protective Life, Term Life Insurance Alternatives
Protective only provides Classic Choice Term as one term life insurance coverage.
References. Amounts run from $100,000 to $50 million.
term. Period of ten to forty years with assured level premiums.
Medical test. To be qualified you have to pass a medical exam. You can change your coverage to a whole life or universal life without having another medical exam if you so wish.
Age restrictions. The maximum purchase age of this program is eighty years old.
Protective Life Protective only provides one whole life policy: Non-Participating Whole Life Insurance Options.
The minimum coverage of this policy is $1,000; except in West Virginia, where it is $25,001.
The coverage minimum is $100,000 if your selected rate class is one of the select favored ones. There are no conversion limitations; the new company maximum coverage amount is $5 million.
Premiums are paid until one is 100 years old. Along with a waiver of premium rider and a terminal illness accelerated death benefit, this policy also guarantees a flat premium.
From Protective Life, Universal Life Insurance Choices
Protective sells seven universal life insurance products. These cover:
Proclassic II: Lifetime Guarantee
Customized Choice Advantage Choice
Choice Indexed for Survival
Strategic Objectives II is the variable universal life choice while Strategic Objectives II Indexed Choice is an indexed universal policy. Except the variable universal life plan, you can apply for all these policies online.
Coverage run at least $25,000 to a high of almost $1 million. Except for Custom Choice, which gives durations of 10, 15, 20, 25, or 30 years, all of these plans have lifetime terms. Depending on the insurance you decide on, the maximum age to buy a policy falls from 75 to 85.
From protective life insurance, what riders are available?
Riders provide optional additional coverage in locations where policy holders might need it. Protective Life Insurance may have age restrictions and offers riders different per life insurance plan. Among their passengers are:
Death benefit from accident. Should an accident claim your beneficiary, they are paid an additional benefit.
Young people’s term rider. lets you add term life coverage to your policy for your natural, adopted, or stepchild.
Rider from terminal disease. Should you be diagnosed with a terminal, critical, or chronic illness, you can pay for costs using all or any of your death benefit.
Premium rider’s wavering. lets you cease paying premiums yet retain your coverage in place should you become disabled, unable to work, and unable to afford your payments.
How Can I Purchase Protective Life Insurance?
Online quotes and application for protective term life policies are available. Call the number shown on the website to talk with an agent if you would want one of Protective’s permanent life policies or further information.
The online quote form will probe your age, gender, health, height, weight, tobacco usage, coverage amount, and term length of preference. Should you be applying online, you can still be required to finish the procedure with a phone interview and medical exam.