[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.easyquotes4you.com\/protective-life-insurance-review\/#BlogPosting","mainEntityOfPage":"https:\/\/www.easyquotes4you.com\/protective-life-insurance-review\/","headline":"The Best 2021 Protective Life Insurance Review + Rates","name":"The Best 2021 Protective Life Insurance Review + Rates","description":"Protective Life has been doing business in the United States for over a 100 years. They currently have multiple subsidiary companies that offer insurance and investment products across America. ","datePublished":"2019-05-27","dateModified":"2020-12-21","author":{"@type":"Person","@id":"https:\/\/www.easyquotes4you.com\/author\/site-admin\/#Person","name":"Rob Pinner","url":"https:\/\/www.easyquotes4you.com\/author\/site-admin\/","identifier":1,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/e4da538e10e071b419f4843e8193941a0ff5ad58e937daa177fa846a5124dc4d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/e4da538e10e071b419f4843e8193941a0ff5ad58e937daa177fa846a5124dc4d?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Rob Pinner","logo":{"@type":"ImageObject","@id":"https:\/\/www.easyquotes4you.com\/wp-content\/uploads\/2018\/09\/logo-shape-e1536791917640.png","url":"https:\/\/www.easyquotes4you.com\/wp-content\/uploads\/2018\/09\/logo-shape-e1536791917640.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.easyquotes4you.com\/wp-content\/uploads\/2019\/05\/protective-life-insurance.jpg","url":"https:\/\/www.easyquotes4you.com\/wp-content\/uploads\/2019\/05\/protective-life-insurance.jpg","height":578,"width":1279},"url":"https:\/\/www.easyquotes4you.com\/protective-life-insurance-review\/","about":["Reviews"],"wordCount":1856,"keywords":["protective","Protective Life","protective life insurance","protective life insurance review"],"articleBody":"            Quick Navigation Links                                    Show                                                    1                Protective Life Insurance Company Review                                2                The History Protective Life Insurance Corp.                                3                The Core Values of Protective Life Insurance Company                                4                Ratings for Protective Life Insurance Company                                5                Underwriting at Protective Life Insurance Company                                6                Protective Life Insurance Company Products                                7                Term Insurance By Protective Life Insurance Company                                8                Protective Life Insurance Company Term Rates                                9                Whole Life Insurance offered by Protective Life                                10                Universal Life Insurance (UL)                                11                Protective Advantage Choice UL                                12                Protective Advantage Choice UL Sample Rates                                13                Protective Custom Choice UL                                14                Pro Classic II UL & Pro Classic Legacy                                15                Indexed Universal Life (IUL)                                16                Variable Universal Life (VUL)                                17                Protective Investors Choice VUL                                18                Protective Strategic Objectives VUL                                19                Survivorship Life offered by Protective Life Insurance Company                                20                Protective Survivorship Term                                21                Protective Survivor UL                                22                Our Thoughts                                23                Does Costco sell Protective Life Insurance?                                24                How long has Protective Life been doing business?                                25                Does Protective Life offer no exam life insurance?                                26                Does Protective Life have strong ratings?        Protective Life Insurance Company ReviewWhen the majority of consumers think about shopping for life insurance, the monthly premium costs plays a major part in their decision process. Another factor to look for when buying life insurance is the strength of the company your considering.This is where we try and help, by giving you an honest review. In this article we will be reviewing Protective Life Insurance Company.The History Protective Life Insurance Corp.Protective Life Insurance Corp. has been doing business in the United States for over a 100 years. They currently have multiple subsidiary companies that offer insurance and investment products across America. Protective Life Corporation subsidiaries are:Protective Life Insurance Company\u2013 This is the flagship subsidiary for Protective Life Corporation. They offer term life, whole life, indexed universal life, and variable life insurance to consumers nationwide.Protective Life and Annuity Insurance Company\u2013 This subsidiary provides life insurance coverage and annuity products to residents in the state of New York only.West Coast Life Insurance Company\u2013 West Coast Life was bought by Protective Life in 1996. They still provide term life coverage to consumers across the United States.MONY Life Insurance Company\u2013 Protective Life bought MONY Life back in 2013. They also offer life insurance products nationwide also.Lyndon Insurance Group\u2013 The Lyndon Insurance Group offers credit life, service contracts for cars and boats, and disability insurance. Personal finance companies, financial institutions, and car\/boat dealers usually offer these products.Costco even has a contract with Protective Life Insurance Corp. to sell insurance to their members. This should give you an idea of how great of a company that Protective Life is.The Core Values of Protective Life Insurance CompanyProtective Life Insurance Company strives to provide competitive products and quality customer service by living by 4 core values:SERVE PEOPLEDO THE RIGHT THING FOR EVERYONEBUILD TRUSTKEEP EVERYTHING SIMPLERatings for Protective Life Insurance CompanyMost consumers don\u2019t realize this, but the most important factor when choosing to buy life insurance should be the insurance companies reputation and financial strength. After all you want the insurance company to be able to pay a claim when the time comes.Financial ratings are assigned to most life insurance companies by leading rating services like Moody\u2019s or A.M. Best. Protective Life Insurance Company boasts very high ratings and rightfully so. There ratings are:Underwriting at Protective Life Insurance Company\u201cSimplifying Everything\u201d is a core value that Protective Life Insurance Company lives up to. They have managed to separate themselves from other life insurance carriers with unique and innovative underwriting. They call this innovative process \u201cPLUS\u201d. This stands for Protective Life Underwriting Solution.PLUS is used to automate and speed up the life insurance underwriting process. Underwriting had been outdated and cumbersome for many years which is why Protective Life Insurance seeked change and was one of the first to implement.Applicants age 18 to 45 and face amounts up to a $1 million qualify for the PLUS program. Applicants age 46 to 60 and face amounts up to $500K also qualify.The major feature of PLUS is that most consumers that are eligible only have to complete a phone interview, NO MEDICAL EXAM. Protective Life Insurance is the leading innovator for the no exam life insurance you see marketed today.This allows for the policy to be issued quickly and efficiently which was not the case when buying life insurance 5 years ago. Applicants that do no fall under the guidelines above must go through traditional underwriting with a paramed and blood work.Protective Life Insurance Company ProductsProtective Life Insurance Company offers a wide variety of life insurance products sure to meet almost all consumer needs. Their products are competitively priced and as we mentioned before, Protective life insurance is a strong financially rated company.Term Insurance By Protective Life Insurance CompanyTerm life insurance is the most popular life insurance product on the market. This is simply because term life insurance is easy to understand and much cheaper than permanent life insurance.Protective Life Insurance term life  is called the Protective Classic Choice. They boast that the Protective Classic Choice has rates up to 49% less than the competition, which allows you to get more coverage to protect your loved ones.Specifications for Protective Classic Choice Term:Term Life Insurance Periods from 10 to 30 yearsIssue Ages are:10-15 year plan: 18-75 (18-68 Tobacco)20 year plan: 18-70 (18-62 Tobacco)25 year plan: 18-55 (18-52 Tobacco)30 year plan: 18-52  (18-43 Tobacco)Face Amounts:$100K to $50 millionGuaranteed convertibility to any permanent life product (restrictions apply)Premiums are level for term period chosenTerminal Illness Rider free of chargeAdditional Riders offered at additional cost:Accidental Death BenefitChildren\u2019s Term RiderIncome Provider Option (Disability)Waiver of PremiumProtective Life Insurance Company Term RatesStandard Non-Tobacco Rates- 20 Year TermWhole Life Insurance offered by Protective LifeProtective Life Insurance Company offers a non participating whole life policy with a level death benefit, guaranteed premium, and guaranteed cash value accumulation.It\u2019s perfect for consumers looking for low face amounts along with the guarantees that whole life insurance provides. This product works well for seniors trying to cover their final expenses.Specifications for Protective Life Whole Life Insurance:Issue Ages:0-90 Non-Smoker16-90 SmokerMinimum Death Benefit: $5,000A unique feature that is included in these policies is the waiver of premium rider. This rider states that if you are disabled for 6 months, your premium on the policy is waived.Universal Life Insurance (UL)Universal life insurance is a permanent policy that can offer coverage for a certain number of years or for a lifetime. Unlike whole life, universal life has flexible premiums and flexible death benefits.Protective Life Insurance offers four different types of universal life insurance. They are called:Advantage Choice ULProtective Custom ChoicePro Classic II ULPro Legacy Classic ULProtective Advantage Choice ULThis universal life policy is designed for consumers who are looking for permanent death protection with flexible features. It also has the potential for cash value accumulation. Provides a guarantee premium to age 95, 100, or 120.Protective Advantage Choice UL Sample RatesStandard Non-Tobacco Rates-Guaranteed to Age 121Protective Custom Choice ULA universal life policy designed for consumers looking for affordable short or long term coverage with flexible features. Very similar to a term policy, but more flexibility. These UL policies have level premiums and flexible death benefits.Pro Classic II UL & Pro Classic LegacyThese are current assumption UL (NO guaranteed premium) for clients looking a flexible death benefit for business or personal needs.Indexed Universal Life (IUL)Indexed universal life (IUL) is a type of UL policy offering flexible premium options with lifetime death protection. Indexed universal life policies are also linked to market index growth based on positive changes. Indexed Universal Life insurance offers a potential for higher cash value accumulation with no loss from the market. Indexed universal life policies come with a floor and a cap. The floor rate is always 0%, while the cap fluctuates and set by the company each year.The name of Protective Life Insurance indexed universal life policy is the Protective Indexed Choice UL.Variable Universal Life (VUL)A variable universal life policy uses part of your insurance premium and invests it into sub accounts which mirror mutual funds.  This is typically based on what your goals and risk tolerance are. Variable universal life is usually for consumers looking a higher rate of return and more comfortable with a higher risk of loss. They have the flexibility to move cash value among various investment choices.Protective Life Insurance offers 2 variable life insurance products. They are:Protective Investors Choice VULProtective Strategic Objectives VULProtective Investors Choice VULThis product is used for consumers who are looking for lifetime death protections and the need for uncapped cash value accumulation.Protective Strategic Objectives VULConsumers looking for a solution aimed a maximizing their long term growth for potential supplemental retirement income.Always consult with an experienced licensed agent when looking into a variable universal life policy. These policies are most complex products sold today.Survivorship Life offered by Protective Life Insurance CompanySurvivorship life or also known as a second-to-die life insurance is a  policy that insures the lives of two people, which includes married couples and business partners. Death benefits are paid on the 2nd insureds death.These types of policies are usually more affordable than purchasing two separate contracts and are used for clients wanting wealth preservation and legacy planning.Protective Life offers two types of survivorship life policies, a term life and universal life. They are known as:Protective Survivorship TermProtective Survivor ULProtective Survivorship TermThis policy provides affordable coverage with level premium for 10, 20, or 30 years.Protective Survivor ULThis survivorship policy is permanent life insurance with a flexible premium and death benefit to meet all the consumers\u2019 needs.Our ThoughtsTo be honest you can\u2019t really go wrong with Protective Life Insurance. They are a strong financially rated corporation with some of the best rates around. They have fast underwriting procedures in place and offer multiple products. As and independent life insurance broker, we use Protective Life quite often and consider them a \u201cgo-to\u201d insurance carrier. If you have any questions or comments please don\u2019t hesitate to let us know. We hoped you enjoyed this review and most of all we hope this help simplify the life insurance buying process. \t\t\t\t\t\t\t\t\tDoes Costco sell Protective Life Insurance?\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tYes, Costco does offer Protective Life Insurance to its members.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tHow long has Protective Life been doing business?\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tProtective Life has been doing business in the United States for over a 100 years. They currently have multiple subsidiary companies that offer insurance and investment products across America. Protective Life Corporation subsidiaries are: \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tDoes Protective Life offer no exam life insurance?\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u201cSimplifying Everything\u201d is a core value that Protective Life Insurance lives up to. They have managed to separate themselves from other life insurance carriers with unique and innovative underwriting.  They call this innovative process \u201cPLUS\u201d. This stands for Protective Life Underwriting Solution. Applicants age 18 to 45 and face amounts up to a $1 million qualify for the PLUS program. Applicants age 46 to 60 and face amounts up to $500K also qualify. \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tDoes Protective Life have strong ratings?\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tProtective Life boasts strong ratings from all the insurance rating companies.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t{\t\t\"@context\": \"https:\/\/schema.org\",\t\t\"@type\": \"FAQPage\",\t\t\"mainEntity\": [\t\t\t\t\t{\t\t\t\t\"@type\": \"Question\",\t\t\t\t\"name\": \"Does Costco sell Protective Life Insurance?\",\t\t\t\t\"acceptedAnswer\": {\t\t\t\t\t\"@type\": \"Answer\",\t\t\t\t\t\"text\": \"Yes, Costco does offer Protective Life Insurance to its members.\"\t\t\t\t\t\t\t\t\t}\t\t\t}\t\t\t,\t\t\t\t{\t\t\t\t\"@type\": \"Question\",\t\t\t\t\"name\": \"How long has Protective Life been doing business?\",\t\t\t\t\"acceptedAnswer\": {\t\t\t\t\t\"@type\": \"Answer\",\t\t\t\t\t\"text\": \"Protective Life has been doing business in the United States for over a 100 years. They currently have multiple subsidiary companies that offer insurance and investment products across America. Protective Life Corporation subsidiaries are:\"\t\t\t\t\t\t\t\t\t}\t\t\t}\t\t\t,\t\t\t\t{\t\t\t\t\"@type\": \"Question\",\t\t\t\t\"name\": \"Does Protective Life offer no exam life insurance?\",\t\t\t\t\"acceptedAnswer\": {\t\t\t\t\t\"@type\": \"Answer\",\t\t\t\t\t\"text\": \"\\\"Simplifying Everything\\\" is a core value that Protective Life Insurance lives up to. They have managed to separate themselves from other life insurance carriers with unique and innovative underwriting.  They call this innovative process \\\"PLUS\\\". This stands for Protective Life Underwriting Solution. Applicants age 18 to 45 and face amounts up to a $1 million qualify for the PLUS program. 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