Protective Life Corporation, which today offers a broad portfolio of life and specialty insurance and investment products, traces its roots to the Corporation's flagship company, Protective Life Insurance Company. Throughout our more than 100-year history, we have been a values-driven company.
1907: Governor William Dorsey Jelks founds Protective Life Insurance Company, as Theodore Roosevelt begins his seventh year as U.S. President.
1909: Protective Life pays its first death claim.
1932: Protective Life celebrates its silver anniversary with more than $65 million of insurance in-force.
1957: Protective Life celebrates 50 years with insurance in-force approaching $1 billion.
1983: Protective Life acquires Protective Life and Annuity Insurance Company.
1997: West Coast Life is acquired, solidifying Protective’s national presence.
2002: John D. Johns becomes CEO of Protective Life.
2006: Chase Insurance Group is acquired, representing Protective’s largest acquisition to date.
2007: Protective Life celebrates its 100th Anniversary with insurance in-force surpassing $252 billion.
2009: Protective achieves record consolidated statutory capital level in a historically challenging financial environment.
2010: Protective Life has over $427 billion of coverage in-force.
2011: The combined United Investors Life and Liberty Life acquisitions increase policies in-force by 50 percent.
2013: Protective acquires MONY Life Insurance Company, representing its 47th and largest acquisition in its history.
2015: Protective Life Corporation becomes wholly owned subsidiary of The Dai-ichi Life Insurance Company, Ltd.
Included Term Life Features
- Terminal Illness Accelerated Death Benefit: Being diagnosed with a terminal illness can take a serious emotional and financial toll on you and your loved ones. Our Terminal Illness Accelerated Death Bene t is included in your policy at no extra charge to help you cope with those emotional and financial costs. If you become terminally ill, this bene t can accelerate up to 60% of your policy’s death bene t, or $1 million, whichever is less. While there is no cost for this bene t, your death bene t is reduced by the amount paid plus accumulated interest at a rate specified in the endorsement.
Optional Term Life Features
- Additional Death Benefit Rider: Accidents, or unintentional injury deaths, are the number one cause of death for all Americans under age 45.3 The Accidental Death Bene t Rider could, therefore, be a good way to supplement your policy’s coverage. This rider can provide even more life insurance coverage and increase the death benefit paid to your beneficiaries if your death results from an accident.Applicants ages 18 – 60 are eligible for the Accidental Death Benefit Rider, with coverage and premiums stopping at age 70. Your additional coverage can range from $1,000 up to $250,000.
- Children's Term Life Insurance Rider: By considering life insurance coverage, you are already looking out for the financial needs of your loved ones. But what about starting your children out on the right path in life? In addition to the base policy’s coverage for yourself, we also offer a Children’s Term Life Insurance Rider to cover the lives of your children. You can use this rider to provide death benefit protection at the time your policy is issued for all natural and adopted children and stepchildren ages 15 days through 18 years. The rider also covers future children from age 15 days or date of adoption before age 18.
The Children’s Term Life Insurance Rider provides term coverage up to age 25, the expiry date of the rider or termination of the policy—whichever is earlier—for all covered children of the insured. The annual premium is a fixed amount and remains constant, regardless of the number of children covered under the rider. Coverage is available in $1,000 increments ranging from $1,000 up to $20,000.
After the covered child reaches age 25, he or she can maintain life insurance coverage by converting to a permanent life insurance policy from Protective Life for up to five times the amount of the Children’s Term Life Insurance Rider coverage. Applicants ages 18 – 65 are eligible for the Children’s Term Life Insurance Rider.
- Disability Benefit Rider: Available with extra premium. When purchasing a life insurance policy, you want to be certain the death benefit protection remains available to your loved ones for the period you’ve specified. Life often brings unexpected turns, however. That’s why we offer the Disability Benefit Rider, which can help you be even more prepared and ensure your policy premiums are paid if you face the hardship of total disability and are unable to work.
With this rider, you can specify a monthly benefit amount to be paid toward your policy premium, allowing you to maintain life insurance coverage. The gross monthly benefit amount is credited to your policy after you have been totally disabled for six months and meet all conditions of the rider. You will continue to receive benefits from this rider for as long as your total disability continues and all conditions of the rider are met.
The Disability Benefit Rider is available for applicants ages 18 – 55, and rider coverage ends at age 60.
Protective Custom Choice UL (UL-22) is a universal life insurance policy issued by Protective Life Insurance Company, Birmingham AL. Policy form numbers, product features, and availability may vary by state. Consult policies for benefits, riders, limitations and exclusions. Subject to underwriting.
The level premium period may be extended beyond the initial level period. However, the face amount will begin to decrease annually until it reaches $10,000, at which premiums will begin to increase.
Up to a two-year contestable and suicide period. Benefits adjusted for misstatements of age or sex.
Custom Choice UL 10
Custom Choice UL 10 is a universal life insurance policy with initial planned premiums comparable to traditional term life insurance. The death benefit is guaranteed for 10 years at the initial premium level. Coverage may be extended beyond the initial 10-yr period with higher planned premiums.
Custom Choice UL 15
Custom Choice UL 15 is a universal life insurance policy with initial planned premiums comparable to traditional term life insurance. The death benefit is guaranteed for 15 years at the initial premium level. Coverage may be extended beyond the initial 15-yr period with higher planned premiums.
Custom Choice UL 20
Custom Choice UL 20 is a universal life insurance policy with initial planned premiums comparable to traditional term life insurance. The death benefit is guaranteed for 20 years at the initial premium level. Coverage may be extended beyond the initial 20-yr period with higher planned premiums.
Custom Choice UL 25
Custom Choice UL 25 is a universal life insurance policy with initial planned premiums comparable to traditional term life insurance. The death benefit is guaranteed for 25 years at the initial premium level. Coverage may be extended beyond the initial 25-yr period with higher planned premiums.
Custom Choice UL 30
Custom Choice UL 30 is a universal life insurance policy with initial planned premiums comparable to traditional term life insurance. The death benefit is guaranteed for 30 years at the initial premium level. Coverage may be extended beyond the initial 30-yr period with higher planned premiums.