ProClassic Legacy Launching April 30
On April 30, 2018, Protective Life will launch ProClassic Legacy: a new current assumption universal life policy that offers flexible premiums and cash-value potential. As part of this launch, ProClassic UL will be discontinued on April 30, 2018 with conversion applications discontinuing on June 29, 2018. In addition, ProClassic NY and ProClassic UL with the Enhanced Cash Surrender Value Rider will continue to be available for new issues and certain conversions. Please review the transition rules for complete information.
Transition Rules
- For new business, ProClassic UL will close on April 30, 2018: applications must be signed and received on or before April 30.
- For conversions, ProClassic UL will close on June 29, 2018: conversion applications must be signed and received on or before June 29.
Please review the following conversion options for policyholders who own a qualifying life insurance policy that will be in place on or after June 29, 2018:
| Basic Conversion Products | Expanded Conversion Products |
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| In Force Business: | Products Available for Conversion: |
| Protective Life or West Coast Life term policies and Protective Secure-T (UL-17) policies dated January 1, 2010 to current date | See Expanded Conversion Products available |
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Protective Custom Choice UL (UL 22) (10-30 year options and lifetime plans) |
See Expanded Conversion Products available |
| Protective Benefit Plan Group term policies (BPG- Worksite Marketing), Athene (Liberty) term policies, all other Protective Life, West Coast Life and Empire General term policies and all other acquired term policies | Basic Conversion Products only |
| Protective Classic Choice Term 10 year |
Year 1-5 See Expanded and Basic Conversion Products available Year 6-8 See Basic Conversion Products available |
| Protective Classic Choice Term 15 year |
Year 1-5 See Expanded and Basic Conversion Products available Year 6-13 See Basic Conversion Products available |
| Protective Classic Choice Term 20/25/30 years |
Year 1-5 See Expanded and Basic Conversion Products available Year 6-18 See Basic Conversion Products available |