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At Protective Life, we're committed to remaining competitive in the term marketplace and providing innovative solutions that meet the needs of your clients. That's why we're repricing Protective® Classic Choice Term, so you can offer this same great protection at a more affordable price. The new rates will go into effect beginning January 13, 2020.
No matter which way you quote Protective Classic Choice Term — in monthly or annual pay scenarios — Protective lands on top with our market‑leading rates:
- Top three — or better — 80% of the time in annual pay scenarios.*
- Top three — or better — 91% of the time in monthly pay scenarios.*
Plus, when you use Protective Velocity — our suite of digital capabilities — you can help make it easier and faster for your clients to receive their coverage. Our technology can help you streamline your business and go from application submission to sales commission nearly 20 days faster.
Transition Rules:
- For ticket business and direct writers (not including NY): applications must be signed and received on or before Monday, February 10, 2020 to receive current rates.
- For paper business: applications must be signed and received on or before Monday, January 27, 2020 to receive current rates.
- Any application in underwriting on January 13, 2020 may choose between the old and the new version of the product.
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