{"id":1255,"date":"2023-10-19T18:16:25","date_gmt":"2023-10-19T18:16:25","guid":{"rendered":"https:\/\/businessyield.com\/ins\/?p=1255"},"modified":"2023-10-19T18:16:43","modified_gmt":"2023-10-19T18:16:43","slug":"protective-insurance","status":"publish","type":"post","link":"https:\/\/businessyield.com\/ins\/life-insurance\/protective-insurance\/","title":{"rendered":"PROTECTIVE LIFE INSURANCE REVIEW 2023"},"content":{"rendered":"

In this article, we review Protective Life insurance and why you should consider their policies in the future.<\/p>

Protective Insurance Review<\/span><\/h2>

Protective Life provides a variety of policies, useful online tools like coverage calculators, and different levels of coverage. In turn, Protective Life can be a choice to take into account for individuals looking for protection from a reputable firm specializing in life insurance protection.<\/p>

Furthermore, there are no guaranteed issue plans available through this company, but it does offer term life, whole life, and universal life insurance. One of Protective Life’s distinguishing qualities is that it provides potentially high coverage limits, something that some other providers don’t.<\/p>

Online quotations are only available for term life insurance policies from Protective Life, and all of their products call for a medical exam. There are numerous providers who use streamlined underwriting and health questionnaires in place of a regular test if you’re trying to avoid getting a medical exam because of pre-existing diseases.<\/p>

What does protective life insurance do? <\/span><\/h2>

Protective offers both term and permanent life insurance. Whole life, universal life, indexed variable life, and variable universal life plans are all examples of permanent life insurance. When compared to its term policies, which offer coverage for a certain time period and only feature a death benefit, its permanent life products offer lifetime coverage that also accrues cash value that can be accessed for withdrawal or borrowing. Note that the carrier accepts online applications for term plans, but only through an insurance agent for permanent life insurance.<\/p>

Furthermore, they offer 10- to 40-year periods, in five-year increments, of protective term life insurance policies. Based on term lengths, the insurer sets age restrictions. For instance, those between the ages of 18 and 40 are eligible to apply for a 40-year term policy, while Protective won’t provide 10-year coverage to those above the age of 80. Depending on the insurance product, perpetual life policies can be issued to people as young as 90 years old.<\/p>

Additionally, Protective offers a wide variety of riders for all of its life insurance policies. These bring extra protection at different times of life and range from children’s term life riders to terminal illness-accelerated death benefit riders. Retirement annuities are also offered by the business.<\/p>

What is Protective insurance? <\/span><\/h2>

Protective Insurance specializes in workers’ compensation insurance for companies with a focus on transportation and has a long history of providing insurance for fleet trucking operations. <\/p>

They are authorized to offer comprehensive business insurance in all 50 states, the District of Columbia, Puerto Rico, and all the provinces of Canada. A committed Loss Prevention and Safety Services Team, skilled claims management, and first-rate customer service support their products.<\/p>

What is the Protective life policy? <\/span><\/h2>

Protective life insurance policies<\/p>

#1. Term life insurance. <\/span><\/h3>

Protective provides $100,000\u2013$50 million in coverage for 10- to 40-year term life insurance plans, with the opportunity to convert to a permanent policy without undergoing a medical exam. The policy might have a terminal illness rider, which provides early death payments if you get a terminal illness, depending on your state.<\/p>

#2. Whole life insurance. <\/span><\/h3>

Whole life insurance policies from Protective have level premium payments and a growing cash value that grows at a set interest rate.<\/p>

#3. Universal life insurance.<\/span><\/h3>

The Custom Choice universal life insurance policy from Protective gives perpetual protection with the option to adjust the premiums and death benefits. The cash value account that goes along with it grows tax-deferred.<\/p>

For coverage for a set amount of time, ranging from 10 to 30 years, you pay a set premium. The cost remains the same after this time, but your coverage starts to decrease. The premiums increase when the death benefit reaches $10,000.<\/p>