Protective Life Reduces Classic Choice Term Rates Effective September 3rd
- Protective Life has become one of Fortify’s most trusted, “go-to” carriers for many reasons, but one of the most important is their commitment to delivering competitive pricing for protection-focused sales. They recently announced reduction in Class Choice Term rates stays true to this commitment, and keeps us all in the hunt for our next case. Read on for the details!
More from Protective Life…
Lower rates for Protective Classic Choice Term
The same straightforward coverage, now at an even lower price. Beginning August 27th, 2018, Protective Classic Choice Term will be even more competitive with an average 1% level premium decrease across most ages, genders, rate bands and risk classes. Please note that the 1% level premium decreased does not apply to New York rates and those rates will be unchanged. In addition, the expiration age on the Waiver of Premium Rider available with Protective Classic Choice Term will be updated from age 60 to 65, if not on claim by August 27, 2018.
Transition Rules:
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- Applications signed and received on or after September 3rd, 2018 will automatically receive the new rates.
- Applications already in underwriting will be allowed to switch to the new term rates upon request.
- Switching the rates on a policy already issued will require an exception.
