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2019 Accelerated Death Benefit Increase for ExtendCareSM

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.

Updated Policy Revisions Commission Guidelines

We are updating our Policy Revisions Commission Guidelines to include internal replacements associated with our most recent acquired company, Liberty Life Assurance Company of Boston. These commission guidelines will be effective January 1, 2019.

Protective Life Product Changes Effective January 1, 2019

Don’t forget that on January 1, 2019, we’re making a few product changes affecting our Protective Advantage ChoiceSM UL and Protective Custom ChoiceSM UL products. We’re reminding you of this information to assure clients continue receiving the value they expect out of their Protective Life solutions.

Initial Premium Acceptance Rules
Conditional Receipt Limits

As you’re wrapping up your year-end business and ramping up for a strong 2019, make sure your cases are efficiently pushed through our new business process. One easy way to ensure this: submit premium with new life insurance applications. And for a full set of guidelines, take a look at our Initial Premium Acceptance Rules.

Products Available for Conversion

We know that clients’ needs change over time. That’s why we offer policyholders who own a qualifying life insurance policy the ability to convert or exchange their policy to an eligible Protective Life permanent insurance option—without having to provide evidence of insurability.