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
  • ProClassic Legacy UL (UL-26)
  • Non-par Whole Life (WL-04)
  • Protective ProClassic II UL (UL-15)
  • Non-par Whole Life (WL-04)
  • Protective Advantage Choice UL (GUL) (UL-21)
  • Protective Indexed Choice UL (UL-23)
  • Protective Strategic Objectives VUL (VUL-14)
  • Protective Investors Choice VUL (VUL-13)
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

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

Corporate Headquarters:
604 Harper Avenue, Jenkintown, PA 19046 | P: 800.543.5555 / 215.517.4080 | F: 800.343.0804 / 215.517.4087

Miami Office:
3470 NW 82nd Avenue, Suite #670, Doral, FL 33122 | P: 800.683.3077 / 305.908.6700 | F: 800.343.0804

Securities offered through The Leaders Group, Inc. Member FINRA/SIPC 26 W. Dry Creek Circle, Suite 800, Littleton, CO 80120, 303-797-9080.

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