A life insurance policy can protect loved ones in the event of an untimely death, but a chronic illness could impact the family while the client is still living. Our blended solution, Protective Indexed ChoiceSM UL with the ExtendCareSM Rider, is built to help.
This powerful combination provides death benefit protection, cash value accumulation potential and eases the costs of chronic illness.
Indexed Choice UL offers:
- Guaranteed death benefit
- Cash value potential
- Protection against market loss with a 0% floor
ExtendCare Rider offers:
- An accelerated death benefit for chronic illness care
- No need to submit bills or receipts
- Unused death benefit that remains available for loved ones
While using ExtendCare benefits, clients won’t be required to pay premiums or policy expenses, and after three years of chronic illness, all premiums and expenses are permanently waived. So, for the same premium, clients can add a key rider to their life insurance policy to help relieve some of the financial burden if they were to develop a chronic illness.
For more information on this blended solution, please contact your Protective Life representative.
Let’s deliver on our promises. Together.
For Professional Use Only. Not for Use With Customers.
Protective Indexed Choice UL (UL-23) is a flexible premium universal life insurance policy issued by Protective Life Insurance Company, Birmingham, AL. Policy form numbers, product features and availability may vary by state. Consult policies 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.
Protective Indexed Choice UL is not a security investment and is not an investment in the market. Clients should be provided with costs and complete details about the terms, conditions, limitations or exclusions that apply to this policy.
The tax treatment of life insurance is subject to change. Neither Protective Life nor its representatives offer legal or tax advice. Consumers should consult with their legal or tax advisor regarding their individual situation before making any tax-related decisions. All payments and all guarantees are subject to the claims paying ability of Protective Life Insurance Company.
ExtendCare falls under IRC Sec. 101(g) Accelerated Death Benefit guidelines and does not fall under health regulations. This differentiation could affect eligibility for public assistance programs such as Medicaid, Supplemental Income, or others. Purchasers should consult a qualified advisor along with legal or tax advisor to determine if the rider will affect their initial or continued eligibility for public assistance programs or other tax-related decisions.
ExtendCare (ICC16-L638 and L630) is issued by Protective Life Insurance Company (PLICO), located in Birmingham, AL. Subject to underwriting and up to a 2-year contestable and suicide period. Benefits adjusted for misstatements of age or sex. Consult policy for benefits, riders, limitations and exclusions. In Montana, unisex benefits and rates apply. Policy form numbers, product features and availability may vary by state.