Protective Life has added guaranteed level term options at 35 and 40 years to Protective® Classic Choice Term, in addition to our 10-, 15-, 20-, 25- and 30-year term options. Protective is now one of only three national carriers to offer more than 30 years of level term coverage. The new term periods will go into effect beginning April 20, 2020.
In addition to this change, here are additional reminders regarding our market-leading term solutions:
- Competitive Pricing
We continue to deliver consistent, competitive rates. Protective® Classic Choice Term pricing comes in the top three or better 85% of the time in annual pay scenarios and ranks top 3 or better 93% of the time in monthly pay scenarios.
- Protective Velocity
We’re committed to your success and improving the experience of doing business with us. By using Protective Velocity – our suite of digital solutions – you can help make it easier and faster for your clients to receive their coverage. Our technology can help you streamline your business and go from application submission to sales commission nearly 20 days faster.