Is Protective Right for You?
When choosing an appropriate company or insurance carrier to put your trust and money into, it’s important to understand a few key things first.
Protective Life Insurance Company
Protective Life Insurance Company was founded on 1907. They operate and sell through subsidiaries such as West Coast Life, MONY Life, and Protective Life and Annuity Insurance Company for its customers in New York.
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May the Best Quote Win!
Financial Strength
At year-end of 2013, Protective Life had over $41 billion in assets.
As of September 2014 Protective Life’s A.M. Best Rating was an A+ (Superior).
This is the second highest possible rating of 15 ratings given by A.M. Best.
As of September 2014 Protective Life’s S&P Rating was an AA- (Very Strong).
This is the fourth highest possible rating of 21 ratings given by Standard & Poor’s.
As of September 2014 Protective Life’s Moody’s Rating was an A2 (Good).
This is the sixth highest possible rating of 21 ratings given by Moody’s.
As of September 2014 Protective Life’s Fitch Rating was an A (Strong).
This is the sixth highest possible rating of 19 ratings given by Fitch.
Protective Life Insurance Company’s Comdex Ranking is 86.
The highest Comdex Ranking possible is a 100.
The Comdex is not a rating itself, but a composite of all the ratings that a company has received. The Comdex ranks the companies, on a scale of 1 to 100, in relation to other companies that have been rated by the services. The Comdex is an effort to reduce the confusion over ratings, which is caused by each ratings service using a different scale. A company needs to be rated by at least two rating services to receive a Comdex. The Comdex is based on the ratings issued by the following rating services: A.M. Best, Standard & Poor’s, Moody’s Investors Service and Fitch.
Product Offerings
Protective’s offerings include a 10 year, 15 year, 20 year, 25 year, and 30 year level term coverage options. They’re also rather unique with their payout options. With a typical life insurance policy, you know that your loved ones will receive the death benefit amount in one lump sum after you die. That might help with immediate and short-term needs, but what about help for life’s ongoing financial expenses? With their no-cost Income Provider Option, you have the ability to select a guaranteed monthly or annual income stream of up to 30 years for your death benefit payout. In addition, an initial lump-sum payment is also available to help cover final expenses or immediate death obligations. Choosing the Income Provider Option may also potentially lower your policy premiums. The Income Provider Option is available only when your policy is issued. You may change the death benefit schedule if needs or plans change during your lifetime, but your beneficiaries will not be able to change the schedule after your death. A portion of periodic payments under the Income Provider Option may be reported as taxable income to beneficiary.
← Complete the Life Insurance Quote Form to Begin.
May the Best Quote Win!
Where do they fit in?
As we discuss your health history and goals, Protective will likely be near the top of a short list of carriers we will look at if you’ve been diagnosed or treated for prostate cancer. Protective offers a competitively priced term life plan that may be even more cost effective if you choose to take advantage of their Income Provider Option.
As you prepare to purchase your life insurance coverage with us, knowing your pre-treatment PSA, post-treatment PSA, Gleason Score, and dates of treatment will be vitally important in deciding if Protective Life Insurance Company is right for you.
Fortunately for you, you do not need to know everything that Protective has to offer nor do you need to decide on which coverage type, amount, or duration may be the best option all on your own. I’ve done the heavy lifting for you. When you’re ready to take the next step in purchasing your life insurance coverage, please allow me the opportunity to do what I do best. That is, helping men just like yourself with a history of prostate cancer obtain life insurance coverage at the most favorable rates possible! I look forward to working with you soon.