Beginning May 18, 2020, Protective® Classic Choice Term will have lower rates, putting it in the top 3 or better 96% of the time in monthly pay scenarios and in the Top 3 92% of the time in annual pay scenarios.1 We’re also raising maximum issue ages across the board to help you offer this market-leading term product to even more clients.

In addition to these changes, we’d like to remind you of some recent Protective Classic Choice Term enhancements:

  • Offer Coverage Longer with New 35- and 40-Year Term Periods
    We 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
  • Accelerate Your Business with Protective Velocity
    By using Protective Velocity — our suite of digital solutions — you can streamline your business and go from application submission to sales commission nearly 20 days faster.

Transition Rules:

  • For ticket business and direct writers: applications must be signed and received on or before Monday, June 15 to receive current rates.
  • For paper business: applications must be signed and received on or before Monday, June 1 to receive current rates.
    Any application in underwriting on Monday, May 18 may choose between the old and new version of the product but will retain the rates initially quoted, unless otherwise requested, up until the case has been approved.

For more information visit our website or contact your Protective Life representative.

Let’s deliver on our promises. Together.

PLAG.1678367 (04.20)
For Professional Use Only. Not for Use With Consumers.
1 Rankings current as of April 2020. 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 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, Brentwood, 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.

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