The same dependable coverage, now with an even lower price tag. Beginning April 1, 2019, Protective Classic Choice Term will be even more competitive with an average 1% premium decrease.1 These market-leading rates put Protective Classic Choice Term in the top 3 – or better – 92% of the time, and in the top 5 nearly every time2.
In addition, in the state of New York, we will only offer Classic Choice Term for cases at and above $1 million starting April 1. Cases will also no longer be available at the 25-year term period. This means any cases written after April 1 in New York that are below $1 million, and/or at the 25-year term period will not be eligible for the Classic Choice Term product. (The average 1% premium decrease does not apply to New York rates.)
- For ticket business and direct writer business (Not including NY): applications must be signed and received on or before April 29 to receive current rates.
- For paper business (all Protective Classic Choice Term NY business and paper applications): these must be signed and received on or before April 29 to receive current rates.
- Any application in underwriting on April 1 may choose between the old and new version of the product.
For more information, please contact your Protective Life representative.
Let’s deliver on our promises. Together.