Recently, we communicated that we’ll be updating our product portfolio before the end of 2019 to reflect the 2017 Commissioner’s Standard Ordinary (CSO) Table and Principle-Based Reserving (PBR) requirements. Our revised product portfolio is now available!
While the products below are now updated, the benefits and features of each have not changed. Find the updated products below and what they can offer your clients.
- Protective Advantage ChoiceSM UL is ideal for any GUL scenario — offering clients flexibility, long-term guarantees and competitive rates. This product is especially competitive as a single-pay or 1035 exchange solution.
- Protective Custom ChoiceSM UL is for clients looking for short-term protection but without term limits. This solution can give clients outstanding flexibility to extend coverage at the end of their term, without additional premium costs.
- Protective Indexed ChoiceSM UL gives clients all the benefits of an IUL plus guaranteed lifetime protection. This solution is perfect for clients looking for flexibility, low policy fees and cash value potential.
- Protective ProClassic IISM UL is a current assumption universal life insurance policy that offers flexible premiums and strong cash value accumulation potential — even in low interest rate environments.
Even More Protection with Additional Riders
New! We now offer a Return of Premium Rider, available on our Protective Advantage Choice UL product at no cost. With this rider, clients can decide to receive part or all of their paid premiums immediately after policy years 20 and 25. During the first 60 days of policy years 21 and 26, policyholders can receive 50% or 100%, respectively, of their paid premium into the life insurance policy.
And, our newly repriced ExtendCareSM Rider offers chronic illness coverage at an even lower cost — with prices lowered by an average of 10 – 15%. With our repriced ExtendCare Rider, clients can affordably alleviate the financial burden they may experience if the unexpected happens.
Get Your Cases Submitted
With the end of 2019 right around the corner, start the new year right by submitting cases for clients that might fit these updated products. Our current versions of the products are available through year-end. For transition rules and key dates, visit our Product Resource Center on MyProtective.
For more information, or to begin running illustrations, please contact your Protective Life Representative.
Let’s deliver on our promises. Together.