Protective - Classic Choice Term Has Been Repriced Again!

09-12-2022

Effective September 12th, Protective is excited to announce they have lowered their Protective^® Classic Choice term prices once again.

• These lower prices put them in the top 3, 87% of the time for monthly and annual premium scenarios. 
• 35- and 40-year term periods make Protective one of only three carriers in the market to have level term coverage for up to 40 years.
• You can submit your Classic Choice term applications quickly through Vive!

Transition Rules:

• For paper business: applications must be signed and received on or before September 26, 2022.
• For electronic ticket business and direct writers: applications must be signed and received on or before October 10, 2022.
• Any application in Underwriting on October 10, 2022, may choose the version of the product (old or new) but will retain the rates they are initially quoted unless otherwise requested up until the case has been approved.
• New York does not have a rate change, but the plan codes are changing so they will follow the above rules.

 

Please give us a call at 1-800-792-6795 if you have any questions!