Effective April 1, 2019, Protective Classic Choice Term will be even more competitive with an average 1% premium decrease. These market-leading rates put Protective Classic Choice Term in the top 3 – or better – 92% of the time, and in the top 5 nearly every time.

In addition, in the state of New York, we will only offer Classic Choice Term for cases at and above $1 million starting April 1. This means any cases written after April 1 in New York that are below $1 million would not be eligible for the Classic Choice Term product. (The average 1% premium decrease does not apply to New York rates.)

Transition Rules:

  • For ticket business and direct writer business (Not including NY): applications must be signed and received on or before April 29 to receive current rates.
  • For paper business (all Protective Classic Choice Term NY business and paper applications): these must be signed and received on or before April 15 to receive current rates.
  • Any application in underwriting on April 1 may choose between the old and new version of the product.