If a company has a complaint ratio over 1.0, that means they received more complaints than is expected for a company of its size. Nabers retired in 2002 and Harvard Business School graduate John D. Johns was then named president and CEO of Protective Life. Protective Life Insurance Policy Options. The company's primary subsidiary, Protective Life Insurance Company, was established in 1907 and now markets its products and services in all 50 states. If printed documents must be sent to Protective Life, we encourage you to leverage services like FedEx or UPS to avoid delays. The quotes for a 15-year and a 30-year policy were very reasonable prices. While whole life policies are more expensive than term life coverage, they provide coverage for your entire lifetime. Term insurance through Protective can be applied for through its online portal and has some of the lowest rates in comparison to other top life insurance companies. Protective Life was founded in 1907 in Birmingham, Alabama. On June 1, 2019, Protective closed its largest transaction to date to acquire via reinsurance substantially all of the individual life and annuity business of Great-West Life & Annuity Insurance Company. We also reference original research from other reputable publishers where appropriate. Protective Life Corporation provides insurance services. This means that you lock in your money for a chosen amount of time and Protective Life will pay a declared interest rate. Protective Life was acquired by Dai-ichi Life on Jun 4, 2014. Your premium is dependent on several factors, including your age, gender, health history, and current health habits. Protective Life Corporation is a financial service holding company in Birmingham, Alabama. PROTECTIVE LIFE INSURANCE CUSTOMER SERVICE NUMBER. With this rider, you have the right to increase the face value of your policy either at designated future points in time or when a designated person dies. The availability of certain riders can vary by state, and they usually come at an additional cost. Under the permanent life insurance umbrella, Protective offers whole, universal, variable universal, and indexed universal life insurance coverage. Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced it has reached an agreement to acquire the Revolos family of companies. Protective Life makes eye-catching claims about its affordability. Securities and Exchange Commission. According to the company, its term life insurance is usually up to 48% less than the competition’s policies, making it a more affordable option for cost-conscious customers. Compare pay for popular roles and read about the team’s work-life balance. We found quotes for a 35-year-old non-smoking man in excellent health in Pennsylvania for term life insurance. In 2017, Protective Life became a subsidiary of Dai-ichi Life Insurance Company, Ltd, an industry giant located in Japan, which will allow Protective to expand its services on a massive scale. Protective Life Insurance Company Review. With an indexed universal life policy, you get lifetime death benefit coverage. The company also offers a number of riders for extra coverage. It was given an “about average” rating based on its product offerings, pricing, customer interactions, and communications.. Protective offers whole life insurance policies with fixed monthly premiums, a fixed interest rate, and tax-deferred growth. As long as you pay your premiums on time, your benefits are guaranteed. The policy has guaranteed, level premiums, and your beneficiaries will receive the death benefit free of income taxes. The rating reflects Protective Life’s strong operating performance and favorable business profile., In the J.D. Depending on your state, the free look period expires either 10 days after you receive your policy or 45 days after you sign your application, whichever is later. To cancel your policy, you must notify the Protective Life home office or the sales representative who sold you the plan and submit a written cancellation request. IDI is a wholly owned subsidiary of Protective Life Insurance Company. The surrender charge is based on your age when the policy was issued, your gender, and the rate class of your policy.. In January 2016, Mr. Bielen was named President and Chief Operating Officer. Term life insurance expires after a set number of years and usually has no cash value. Forgot your password? Protective Life carries high ratings from independent ratings organizations who assign ratings measuring financial strength or claims-paying abilities. Power. National Association of Insurance Commissioners. Protective Life plans a $17.1 million investment to lease and retrofit 67,000 square feet in Technology Tower I of Covington’s RiverCenter. "Life Insurance Customer Satisfaction Flatlines Despite Pandemic Fears, J.D. Term Life Insurance. In 2007, Protective Life celebrated its 100th anniversary, just one year after its acquisition of Chase Insurance Group in 2006.[5]. And, it’s term life policies may be significantly cheaper than its competitors. [4] The younger Rushton then presided over a series of acquisitions that led Protective into all 50 states. If you add the disability benefit rider to your policy, a specific premium will be credited to your policy on each monthly anniversary during the time you’re disabled. Protective Life Corporation leadership includes Richard J. Bielen (President and CEO), Mike Temple (Vice Chairman and Chief Operating Officer), Scott Adams (EVP, Chief Digital Innovation Officer), Mark Drew (EVP, General Counsel and Secretary), Nancy Kane (EVP, Acquisitions and Corporate Development), Carl S. Thigpen (EVP and CIO), Steven G. Walker (EVP and CFO[7]) and Wendy Evesque (SVP and CHRO). Protective Income Creator is a fixed, single premium, deferred annuity contract with a limited market value adjustment, issued under contract form series LDA-P-2013. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. Based on 1 salaries posted anonymously by Protective Life Marketing Analyst I employees in Birmingham. And, whole life insurance earns cash value at a set, fixed rate. [4] John D. Johns served as president and chief executive officer until 2017 and as chairman of the board from January 2003 to November 2019. 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