Give us a call at 1-844-733-5433 and we’ll be happy to help you evaluate what type of policy might be right for you. For some types of insurance, we can give you a free online quote. Or call us, and we’ll walk you through your options.
Does protective life insurance pay out?
Protective’s term life policies provide coverage for a specific period and only offer a death benefit, but its permanent life products provide lifetime coverage that builds a cash value that you can borrow against or withdraw.
How do I cancel my Protective life insurance Policy?
- Call customer service on 800-866-9933.
- Ask to speak with a representative.
- Provide them with your policy and customer information.
- Request cancellation of your life insurance policy and any refunds where applicable.
How long has Protective Life Insurance been around?
Protective Life Insurance Company was founded in 1907 by Alabama Governor William Dorsey Jelks. By 1932, it had more than $65 million of insurance in force, a number that climbed to $1 billion in 1957.
Is Protective a good company?
Protective is our top choice for best term life insurance company This is because it tied for having the lowest term rates of the companies we reviewed and is one of a handful of companies that provides 40-year term life insurance.
Is Protective Life Insurance Company a corporation?
Corporate Governance Overview Protective Life Corporation (“Protective” or the “Company”) provides financial security through insurance and investment products. Our purpose is to enhance the quality of life of our customers, our share owners, and our people.
What companies does Protective Life own?
Our Subsidiaries Protective Life Insurance Company is the parent company of Protective Life and Annuity Insurance Company, West Coast Life Insurance Company, MONY Life Insurance Company* and Protective Property and Casualty Insurance Company.
What kind of deaths are not covered in term insurance?
Accidental death due to intoxication or drugs or if the insured is involved in criminal activity is not entitled to any payouts. Also, accidental deaths when during adventure sports like skydiving, paragliding, bungee jumping, among others too are not covered by term plans.
What reasons will life insurance not pay?
If you commit life insurance fraud on your insurance application and lie about any risky hobbies, medical conditions, travel plans, or your family health history , the insurance company can refuse to pay the death benefit.
How do I cash out my life insurance?
There are three main ways to get cash out of your policy. You can borrow against your cash account typically with a low-interest life insurance loan, withdraw the cash (either as a lump sum or in regular payments), or you can surrender your policy.
How long does a death benefit claim take?
This process can take up to 12 months If you provide us with complete information, it can go much quicker.
Can I cancel life insurance anytime?
Like with auto insurance, you can typically cancel a life insurance policy at any time , and you usually do not have to pay a cancellation fee.
What happens when a policy is surrendered for its cash value?
What happens when a policy is surrendered for cash value? When a policy is surrendered, you’ll lose coverage and no longer be responsible for paying insurance premiums If your policy has cash value, you’ll get this money after surrender fees have been taken into account.
What happens when you surrender a whole life policy?
Surrendering a whole life insurance policy means you are cancelling the policy Instead of your beneficiaries receiving the death benefit, you as the policyholder will receive the cash value your whole life insurance policy has built up over time.