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Member Advantage Life Term


Get the valuable life insurance you need from Costco’s trusted service provider, Protective Life Insurance Company.

Protective and Costco have joined forces to bring Costco members one of the most competitively-priced life insurance products on the market. Member Advantage Life® term. Join thousands of other Costco members already protected and saving.1 View the product guide for more information.


Take a look at what Member Advantage Life term offers:
  • Streamlined life insurance protection for level premium periods of 10-, 20- or 30-years3
  • Reduced premiums during the first five years of coverage
  • Reliable and dependable coverage at a Costco member-only value
  • Easy-to-understand coverage
  • A quick and convenient application process
  • Dedicated assistance from our Member Support
Exclusive benefits for Costco members

Our goal is to provide the value you expect as a Costco member. That’s why Protective Life provides you:

  • Life insurance coverage with exclusive savings only available to Costco members.1
  • A streamlined online application process – helping you start protecting your family faster.
  • The potential to avoid a medical exam.2

Sample pricing

Here is sample pricing for a male, non-smoker, age 40, preferred class for $250,000 of coverage, with a 20-year period:1
Gold Star Member Card
  • Years 1-5: $19.04 (monthly)
  • Years 6-20: $20.83 (monthly)
Executive Member Card
  • Years 1-5: $18.28 (monthly)
  • Years 6-20: $20.83 (monthly)
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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.

Actual savings may vary by customer and coverage.

1 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. .

2 Coverage amounts and express application processing may be available to applicants from ages 18 – 45 for up to $1,000,000 and 46 – 60 for up to $500,000 of coverage that meet certain risk and eligibility requirements of Protective Life. Full medical underwriting may be required for applicants that do not meet Protective’s eligibility criteria.

3 After the initial level premium period ends, customers can choose to continue receiving term coverage with increasing premium rates.