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Protective

Protective Term Life Insurance Review

Protective’s eco-friendly, paperless process is the best in the industry. They’re great for those with heart conditions.

Protective Customer Service: (800) 866-9933

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Quotacy is an independent life insurance broker. We sell policies from the nation's most trusted insurers. By using our quoting tool, you'll get multiple term life options from the best life insurance companies in minutes.

Get what's right for you

Our agents match you with the right company for your health and lifestyle—so you get the best life insurance for you. This is part of our free service as a life insurance broker.

We're transparent

We value transparency as much as you do. Everything we know about life insurance, we'll share with you so you're making informed decisions from quote to covered.

Spend less time shopping

No matter where you buy your policy, you'll pay the same rates. Pricing for life insurance is regulated by government. Don't waste time talking with multiple agents, use our free online comparison shopping tool to get your quotes.

Our focus is on you

As a life insurance broker, our focus is on finding you the best policy for your needs. Quotacy's agents work on salary, not commission—so, we're at your service.

We're experienced

We've been in the life insurance industry since 1990, and have helped our customers protect their families with over $22 billion in coverage. That's a lot of happy customers.

Life insurance made easy

We’ll guide you through buying life insurance

Protective Company Overview

Location

Birmingham, AL

Established

1907

Customers

8,300,000

Value of In Force Life Insurance

$856 billion

Location

Birmingham, AL

Established

1907

Customers

8,300,000

Value of In Force Life Insurance

$856 billion

Protective Ratings & Awards

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A.M. BestBetter Business BureauJ.D. PowerMoody’sStandard & Poor’s
A+A+774N/AAA-

A.M. Best is an independent rating agency that ranks the financial strength of life insurance companies. Their best rating is an A++. Their worst is a D.

Better Business Bureau (BBB) is a non-profit that shares customer service feedback on businesses in the USA. BBB assigns ratings from A+ (highest) to F (lowest).

J.D. Power and Associates analyzes customers’ experiences with life insurance companies and ranks them on a scale from 1 to 1000.

Moody’s Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody’s rating scale ranges from Aaa to C with 1, 2, and 3 to indicate whether the ranking is on the higher or lower end of that category.

Standard and Poor’s (S&P) is the world’s leading provider of credit ratings and creditworthiness. S&P’s scale ranges from AAA to D with + or – to define standing within each category.

How much life insurance do you need?

Figure out your action plan with our needs calculator

To stand out in a competitive industry, most insurers focus on serving health or lifestyle niches.

Protective is excellent for:

  • Accelerated Underwriting
  • ADHD
  • Healthy Individuals
  • Heart Health (Heart Valve)

Protective’s eco-friendly, paperless process is the best in the industry. They’re great for those with heart conditions. Their accelerated underwriting uses a combination of underwriting expertise and technology to get you covered faster. For some applicants, it eliminates the need for lab testing and medical exams, making the process of getting insured less intrusive and simple.

Protective Comparison Quotes

Protective® Classic Choice Term

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CompanyMaleFemale
Age 30Age 40Age 50Age 60Age 70Age 30Age 40Age 50Age 60Age 70

AIG

$19.92$29.92$75.66$219.30$800.10$17.27$25.84$58.01$159.45$629.41

AXA

$21.38$29.93$73.53$228.29N/A$18.38$27.36$58.14$159.46N/A

Banner Life

$19.49$32.30$71.90$208.98$799.93$16.68$25.80$58.35$160.38$729.71

Cincinnati Life

$20.68$33.88$74.36$225.28N/A$17.60$29.92$62.48$166.76N/A

Global Atlantic

$27.15$40.05$105.47$300.38N/A$24.48$34.71$76.99$195.80N/A

Haven Life

$22.48$32.38$84.06$230.90N/A$19.46$28.07$61.66$156.84N/A

John Hancock

$25.41$30.41$74.76$210.21N/A$22.91$26.41$64.51$171.86N/A

Lincoln Financial

$28.44$38.94$78.71$213.02$813.97$23.45$30.63$59.37$147.74$584.81

Minnesota Life

$22.42$31.18$87.12$235.40N/A$18.48$26.84$62.04$153.12N/A

Pacific Life

$19.51$29.45$71.91$201.41N/A$16.70$24.82$55.21$139.02N/A

Principal

$21.43$30.54$75.16$213.06N/A$18.40$25.81$57.58$147.79N/A

Protective

$19.50$29.09$71.91$199.49N/A$16.69$25.07$54.82$138.00N/A

Prudential

$33.25$41.56$83.56$250.69N/A$27.13$37.63$72.63$172.38N/A

SBLI

$19.87$31.30$83.33$274.74N/A$17.05$24.62$60.41$165.73N/A

United of Omaha

$21.29$32.90$82.78$249.19N/A$18.28$28.17$61.71$172.65N/A

US Life

$20.76$30.27$76.55$221.87$924.25$18.16$27.24$58.82$161.32$636.77

William Penn

$19.71$32.30$72.76$208.20$800.01$16.90$25.11$56.59$151.06$729.71

 

Sample monthly premium quotes for a $500,000, 20-year term policy for healthy, non-smoking individuals living in Minnesota. Pricing varies by gender (except in Montana). Women pay less for life insurance than men because they live longer on average.

Your life insurance pricing may be different and is determined by your individual risk factors and the state where you have your primary residence. Pricing as of October 2019.

 

 

Protective Advantage Choice℠ UL

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CompanyMaleFemale
Age 30Age 40Age 50Age 60Age 70Age 30Age 40Age 50Age 60Age 70
Protective$233.88$307.72$471.06$791.64$1448.90$209.28$285.12$410.24$723.49$1393.78

Sample monthly premium quotes for a $500,000 guaranteed universal life insurance policy for healthy, non-smoking individuals. Pricing varies by gender (except in Montana). Women pay less for life insurance than men because they live longer on average.

A guaranteed universal life insurance policy is similar to a traditional level term policy, but you can opt to have the policy last your entire lifetime.

Your life insurance pricing may be different and is determined by your individual risk factors and the state where you have your primary residence. Pricing as of February 2019.

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Protective Features & Benefits

What we like

  • Offers a 25-year term policy.
  • Can be converted into a permanent policy.
  • Includes Accelerated Death Benefit Rider at no charge.
  • Your medical exam can be done at home or work.
  • You can review your medical exam results upon request.
  • Policy is delivered electronically.
  • You can manage your policy online.

What could be better

  • Credit card payments are not accepted after initial payment.

Protective Policy Details

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Classic Choice TermAdvantage Choice℠ UL
Guaranteed level premiums?YesYes
Term lengths available:10, 15, 20, 25, 30*Policy can last your lifetime
Premiums returned at end of term?NoNo
Riders available:Accelerated Death Benefit, Premium Waiver for Disability, Accidental Death Benefit, Child RiderAccelerated Death Benefit, Disability Benefit Rider, Accidental Death Benefit, Child Rider, Chronic Illness Rider
Accumulates cash value?NoYes (see The Fine Print below)
Policy loans available?NoYes (see The Fine Print below)
Minimum issue age:1818
Maximum issue age:7585
Minimum face amount:$100,000$50,000***
Missed payment grace period:31 days**61 days

*10-year term available for ages 18-75; 15-year term available for ages 18-70 (tobacco users ages 18-68); 20-year term available for ages 18-65 (tobacco users ages 18-62); 25-year term available for ages 18-55 (tobacco users ages 18-52); 30-year term available for ages 18-52 (tobacco users ages 18-43).

**State of issue, payment mode, and draft date can all impact the grace period end date. Your policy will state specifics.

***Minimum face amount of $50,000 available for Non-Tobacco and Tobacco risk classes. $100,000 minimum for all other classes.

» Compare: Term life insurance quotes

Protective Riders

Increase your policy’s benefits with riders

Accelerated Death Benefit Rider

*Included 

This rider—also known as a Terminal Illness Accelerated Death Benefit Endorsement—is included in your policy at no charge. It gives you access to a portion of your policy’s death benefit, if you are diagnosed with a terminal illness resulting in six months or less to live.

Accidental Death Benefit Rider

*Available at additional cost

Your policy’s beneficiary will receive an increased death benefit with this rider, if you die due to an accident. Cost varies by age and benefit amount with options ranging from $1,000 to $250,000—not to exceed policy face amount.

Chronic Illness Rider

*Available on Protective’s Advantage Choice UL for additional cost

This rider—also known as an ExtendCare Rider—gives you access to your policy’s death benefit if you have been diagnosed as chronically ill by a licensed health professional. Cost based on maximum monthly benefit amount chosen and elimination period.

Child Rider

*Available at additional cost

For a small annual fee, add a child rider that covers your children under age 18. Options range from $1,000 to $20,000 in coverage per child. Ask your Quotacy agent for details.

Premium Waiver for Disability

*Available on Protective’s Classic Choice Term at additional cost

Protective will waive premium payments during a period of total disability lasting six consecutive months or more. The waived payments don’t have to be paid back. This rider is not available on all policies and the cost varies by age.

Disability Benefit Rider

*Available on Protective’s Advantage Choice UL for additional cost

Protective will credit a monthly benefit amount to your policy should the you face the hardship of total disability. This rider is not available on all policies and the cost is based on benefit amount chosen.

Learn more

Wondering what types of riders are beneficial?

Protective Policy Service

Contact

  • Customer Service: (800) 424-1592
  • Pay by Phone: (800) 866-9933
  • Fax: (205) 268-3402

Hours: Monday-Thursday, 7:00 AM-6:30 PM, Friday 7:00 AM-5:00 PM Central

Mailing Address

Protective Life Insurance Company
PO Box 12687
Birmingham, AL 35202

Manage your policy online

  1. Visit www.myaccount.protective.com.
  2. Click Register Now.
  3. Click I have an active policy/contract.
  4. Fill in your policy and personal info.
  5. Click Register.

What you can do online

  • Make payments.
  • Update address.
  • Update banking information.
  • Change beneficiaries.
  • Change ownership.

The Fine Print

Guidelines & Exclusions

Accelerated Underwriting
  • Their accelerated underwriting program is called PLUS.
  • A phone interview is required.
  • Underwriting may still include evaluation of medical records and motor vehicle records.
  • Eligibility
    • Ages 18-45 applying for coverage up to $1,000,000
    • Ages 46-60 applying for coverage up to $500,000
  • Being eligible does not guarantee acceptance into the accelerated underwriting program.
  • If not accepted, you continue on to traditional underwriting in which a medical exam is required.
Term Policy
Issue ages for the state of New York:

  • 10-year term available for ages 18-69;
  • 15-year term available for ages 18-69;
  • 20-year term available for ages 18-65 (tobacco users ages 18-62);
  • 25-year term available for ages 18-55 (tobacco users ages 18-52);
  • 30-year term available for ages 18-53 (tobacco users ages 18-43).
Term Conversion
  • If you convert to a permanent policy during the first five years of your policy, you have a wide variety of policy options. After five years, you can still convert, but options are reduced.
  • For a 10-year term, you must convert within the first eight years; for a 15-year term, you must convert within the first 13 years; for 20-, 25-, and 30-year terms, you must convert within the first 18 years.
Disability Benefit Rider - UL only
  • Total disability must occur before age 60.
  • Total disability is defined as the incapacity of the insured caused by sickness or injury and prevents insured from engaging in their regular occupation or any occupation for which they qualify.
  • Maximum issue age for this rider is 55 years old.
  • Coverage expires at age 60.
  • Rider includes elimination period of 180 days before benefits begin.
  • Maximum face amount of policy is $3 million.
  • Maximum risk accepted is Table 4.
Policy Loans and Withdrawals - UL only
Protective’s Advantage Choice UL has a cash value accumulation feature.

  • Policy loans and withdrawals will affect the guaranteed death benefit.
  • The cash value interest rate is guaranteed at 2.5% and loans are allowed after the 1st year.
  • Loans have a 5% interest rate.
  • There is a $25 charge for each withdrawal.
Decreasing Coverage Amount - UL only
  • After Protective’s Advantage Choice UL policy has been inforce for at least three years, a decrease in coverage may be requested.
  • The new coverage amount cannot be below the minimum face amount requirement.
  • A withdrawal charge will be applied.
Accelerated Death Benefit Rider
  • Also known as Terminal Illness Accelerated Death Benefit Endorsement.
  • You can accelerate up to 60% of the death benefit—not to exceed $1,000,000.
  • While this rider is free, there is an administrative fee when benefits are accelerated.
Child Rider
  • Newborn child coverage begins at 15 days old.
  • Rider can be converted to a new policy up to five times the rider face amount.
  • Parent (or child) can convert rider to a permanent policy when child reaches age 25.
  • Rider is not available on policies if you are rated Table 5 or higher.
Premium Waiver for Disability Rider - Term only
  • There is a six-month waiting period before benefit takes effect.
  • Rider coverage expires at age 60.
  • Rider is not available on policies if you are rated Table 5 or higher.
Accidental Death Benefit Rider
  • Rider coverage expires at age 65.
  • Rider is not available on policies if you are rated Table 5 or higher.
Chronic Illness Rider - UL only
  • Also known as ExtendCare Rider.
  • Chronic illness must be certified within last 12 months of claim.
  • Chronic illness is defined as being unable to perform at least two ADLs without assistance for at least 90 days or requiring substantial supervision for protection from health and safety threats due to severe cognitive impairment.
  • Rider has elimination period of 90 days before benefits begin.
  • Maximum face amount of policy is $5 million.
  • Maximum risk accepted is Table 4.

Updated: February 2019

More term life insurance reviews

We recommend without hesitation every company reviewed on Quotacy. When you comparison shop, the death benefit amount that your loved ones would receive and the cost of the policy are the most important factors to consider. If you have any questions about the best life insurance companies for you, contact Quotacy. We'll gladly help you evaluate your life insurance options.

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