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.