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Learning center

An easy approach to understanding life insurance
Our product: Member Advantage Life Term
Life insurance doesn't have to be complicated. By purchasing a term policy, you can provide straightforward coverage to your loved ones — at a price that won't break the bank.
About Protective Life Insurance Company
More than 100 years of service. Financial strength and stability. Find out why Costco chose Protective as their exclusive life insurance provider.
How much life insurance coverage do I need?
This checklist will walk you through items to consider when you’re trying to decide how much coverage you need.
Video: An exclusive term policy for Costco members
In less than two minutes, we'll explain how a Protective Life term policy can provide Costco members with easy-to-understand coverage — at an exclusive Costco member-only value.
4 Steps to Protecting Your Family Video
Video: 4 Steps to Protecting Your Family
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A quick guide to the application process

Get a free quote and apply
Have your Costco membership number handy! We’ll ask a few questions to determine your coverage and quote.Then you can easily start your application online.
Let’s talk
We’ll have a brief, 20 minute phone interview about your health and family history.
Free medical exam
We’ll schedule a medical exam wherever it’s convenient for you, home or work.
Policy acceptance
If you’re approved, you’ll simply accept your policy and begin your coverage.
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Need help?

Contact Member Support today. We’ll be happy to assist you. Call 1-844-740-5433 Opens phone handler.
Acceptance for coverage and pricing is subject to eligibility and underwriting criteria. Member Advantage Life® (ICC20-TL21R/TL-21R), is a term life insurance policy issued exclusively to Costco members by Protective Life Insurance Company (PLICO), Nashville, TN. Not available in New York. Policy form numbers, product features and availability may vary by state. Consult policy for benefits, riders, limitations, and exclusions. Coverage and pricing is subject to eligibility and underwriting criteria. Up to a two-year contestable and suicide period. Benefits adjusted for misstatements of age or sex. Any quote that is present is only an estimate and the actual premium and rate class will be determined after the underwriting process is completed. Costco Insurance Agency, Inc. and Costco Wholesale do not issue, underwrite insurance or pay claims under PLICO policies. Insurance is underwritten by PLICO.

Costco Insurance Agency, Inc. (CIA), a licensed insurance agent, may receive compensation from PLICO and/or its affiliates. CIA and its affiliates do not guarantee the services of any insurance company. PLICO and its affiliates are separate, independent of and distinct from CIA. CIA is not responsible for the financial condition or obligations of PLICO. The California license number for Protective is 07726. The California license number for Costco Insurance Agency is 0D08407. The Arkansas license number for Costco Insurance Agency is 100115847.

All Learning Center articles are general summaries that can be used when considering your financial future at various life stages. The information presented is for educational purposes and is meant to supplement other information specific to your situation. It is not intended as investment advice and does not necessarily represent the opinion of Protective Life or its subsidiaries.

Learning Center articles may describe services and financial products not offered by Protective Life or its subsidiaries. Descriptions of financial products contained in Learning Center articles are not intended to represent those offered by Protective Life or its subsidiaries.

Neither Protective Life nor its representatives offer legal or tax advice. We encourage you to consult with your financial adviser and legal or tax adviser regarding your individual situations before making investment, social security, retirement planning, and tax‐related decisions. For information about Protective Life and its products and services, visit

*Savings is based on first year annual premium comparisons between Protective’s Classic Choice term product and the Member Advantage Life® term product. The guaranteed premium will increase in policy year 6 and then remain level for the remaining level period (5, 15 or 25 more years) and after the full level period elected (10, 20 or 30 years) the premiums will increase annually immediately following the full level period. Rates are effective as of August 7, 2023, vary by carrier and are subject to change without notice.