Starting January 11, 2021, Protective® Classic Choice term will have even lower rates, putting it in the top three or better 95% of the time in monthly pay scenarios and in the top three 92% of the time in annual pay scenarios.1 We have also made several other changes, including raising the maximum issue ages in our 10 – 30 year term periods, to help you offer this market-leading term product to even more clients.

Details about enhancements to the product:

  • Extending maturity age
    To help you serve more clients, we are increasing to the maturity age from 90 to 95.
  • Increasing maximum issue ages
    We also increased maximum issue ages across several term periods to help you cover even more clients.
  • Increasing the policy fee
    Our policy fee will be increasing from $55.00 to $65.00 but will remain fully commissionable!

We recently added guaranteed, level-term options at 35 and 40 years, in addition to our 10-, 15-, 20-, 25- and 30-year term periods.

Protective is now one of only three national carriers to offer more than 30 years of level term coverage. Plus, our maximum issue ages for our 35- and 40-year term periods are in line with (or better than) other top carriers.2 And as always, you can accelerate your business by using Protective Velocity — our suite of digital solutions.

Learn more by reviewing the transition rules.

Let’s deliver on our promises. Together.

For Professional Use Only. Not for Use With Consumers.
1 Rankings current as of January 2021. Based on comparison of Protective Classic Choice Term monthly premiums against 23 carriers, at quinquennial ages for three Non-Tobacco underwriting classes at durations of 10, 15, 20, 25 and 30 years.
2 Comparison based on maximum issue age for AIG Select-a Term 35-year term period and Banner OPTerm 35- and 40-year term periods.
Protective is a registered trademark. Protective and Protective Life refer to Protective Life Insurance Company (PLICO).
Protective Classic Choice Term, policy form number ICC116-TL21/TL-21, and state variations thereof, is a level death benefit term life insurance policy to age 90, issued by Protective Life Insurance Company, Nashville, TN. Policy form numbers, product features and availability may vary by state. Consult policy for benefits, riders, limitations and exclusions. Subject to underwriting. Up to a two-year contestable and suicide period. Benefits adjusted for misstatements of age or sex. In Montana unisex rates apply. Premiums increase annually after the initial guaranteed period. All payments and guarantees are subject to the claims-paying ability of Protective Life Insurance Company.

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