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Bulletin

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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.

Cross-Border Sales Bulletin

Protective Life wants to make sure you stay informed and compliant regarding rules and regulations within our industry. Please review the information below, which may affect the processing of your submitted business with us.

Expedited Support for Licensing, Contracting and Commission Calls

In an effort to continuously improve our service to you, all calls relating to licensing, contracting and commissions will be routed to our contact center. Having a team of support specialists to assist you will provide quicker response time and maximum efficiency, and will ultimately allow us to commit to faster-contracting timelines and compensation deliveries.

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.

Protective Life Product Changes Effective January 1, 2019

On January 1, 2019, we’re making a few product changes that will affect our Protective Advantage ChoiceSM and Protective Custom ChoiceSM UL products. We’re sharing this information in advance to assure clients continue to get the value they expect out of their Protective Life solutions.