Protective Life is proud to offer Protective^® Classic Choice Term — one of the most competitively priced term products on the market. Beginning January 13, 2020, you can offer this same great term solution at rates that are an average of 0.99% lower.

In an effort to make our Electronic Policy Delivery process easier for BGAs, agents and their clients we have made several recent enhancements to the platform. These enhancements will be in full effect by January 2020.

By nature, people are optimistic, especially at the start of a new year. Having confidence in a better tomorrow tends to carry over into every aspect of our lives – including retirement. But in reality, that optimism may cause them to overlook potential risks.

As a reminder, the new Suitability and Best Interests in Life Insurance and Annuity Transactions regulation, formerly known as “New York Insurance Regulation 187”, goes into effect for life insurance February 1, 2020. Product-specific training is required prior to the solicitation or sale of Protective Life and Annuity Insurance Company’s products.

Don’t forget! The Internal Revenue Service (IRS) recently announced upcoming changes to the per diem limitations for periodic payments received under qualified long-term care insurance policies and certain life insurance policies which offer accelerated death benefits for chronic illness care.

At Protective, we want to make sure that clients are informed as much as possible. That’s why we recently launched a self-service claims page where clients can check the status of their claims at any time.

Whether you’re trying to get pending business placed before the end of the year or trying to get ahead for 2020, this time of year can be stressful. During this hectic time, it can help to slow down a little and reflect on the past year and all the accomplishments we have made.

Recently, we communicated that we’ll be updating our product portfolio before the end of 2019 to reflect the 2017 Commissioner’s Standard Ordinary (CSO) Table and Principle-Based Reserving (PBR) requirements. Our revised product portfolio is now available!

As a reminder, the following holiday schedule and year-end business processing guidelines will help expedite your business during this time.

The Internal Revenue Service (IRS) recently announced upcoming changes to the per diem limitations for periodic payments received under qualified long-term care insurance policies and certain life insurance policies which offer accelerated death benefits for chronic illness care.