Protective Life is the parent company of West Coast Life and is also known as Protective Life and Annuity Insurance Company in New York. The company was formed in 1907 and focuses on three core beliefs: quality, serving people, and growth. Protective Life offers some of the absolute lowest priced term insurance and guaranteed universal life insurance in the entire industry.
They are very aggressive on underwriting for high risk life insurance and coverage for overweight individuals with some of the most liberal guidelines in the industry. Their “table ratings” for high risk life insurance are also only a 17% increase per table, versus the industry standard of a 25% increase per table. As an example, someone issued a Table 4 risk class would normally pay double the standard rate – with Protective, they would only pay approximately 68% more than the standard rate.
The following products are currently offered by Protective Life:
Protective ValueChoice – A term life insurance policy with premiums and benefits guaranteed for your choice of 10, 15, 20, 25, or 30 years. Conversion options are guaranteed for the term period selected or 20 years, whichever comes first, and are available up to age 70.
Protective Centennial G II UL – A universal life insurance policy with premiums and benefits fixed and guaranteed for life. The policy can also be structured to guarantee benefits to any age to lower the premium (e.g. guaranteed to age 100, 90, 75, 65, etc), or structured to have the policy fully paid up with a single payment, paid up at age 65, paid up after 10 years, 20 years, etc. When the policy is paid up, the death benefit is guaranteed to continue forever with no further payments. Very flexible product.
CLICK HERE to get an instant life insurance quote for Protective Life, or to compare Protective Life to more of the best life insurance companies. You will have a quote in less than 30 seconds! You can also give us a call at 1-888-972-0024 or CLICK HERE to send us an e-mail 24 hours a day.