Reprice of Protective® Classic Choice term - May 1, 2024
05-01-2024
Protective is pleased to announce they have lowered their Protective® Classic Choice term prices once again.
- These lower prices put Protective in the top 3 72%1 of the time in monthly premium scenarios and 73% of the time in annual premium scenarios. (Please note, iGo defaults to annual premium quotes. Be sure to change to monthly premium quotes to see Classic Choice term's most competitive rates.)
- 35- and 40-year term periods make them one of only three carriers in the market to have level term coverage for up to 40 years.
- Protective's Classic Choice term product is available to submit through Vive, making submission to commission even faster and easier.
Transition Rules:
- For paper business: applications must be signed and received on or before May 15, 2024.
- For electronic ticket business and direct writers: applications must be signed and received on or before May 29, 2024.
- Any application in Underwriting on May 1, 2024, 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, however the plan codes are changing, so they will follow the above rules.
Please give our life sales team a call at 800.792.6795 if you have any questions.