Protective Advantage Choice UL
Protective Advantage Choice UL from Protective Life can be ideal for clients that are seeking long-term coverage and strong guarantees for competitive premiums. Consider sharing this product with your clients who meet one or more of the following criteria.
- Need a competitively priced solution for the long-term
- Desire flexibility to access funds to handle unexpected circumstances
- Leverage options and riders to customize the policy to meet their particular needs
With the Protective Advantage Choice UL, your clients have the option of premium flexibility.
Lapse protection endorsement
Built-in lapse protection based on the premiums paid and the formulas described in the Lapse Protection Endorsement.
A portion of each premium payment goes into the “policy value” which is the part of the policy that earns interest.
Accidental death benefit rider
Can provide extra life insurance coverage and increase the death benefit paid to your client’s beneficiaries if their death results from an accident.
Eligible clients may be able to accelerate a portion of their policy’s death benefit for chronic illness needs.
Income Provider Option
This optional endorsement allows the policy owner to select a guaranteed monthly or annual income stream for the death benefit payout.
Additional sales resources
Access the tools you need to grow your business.
Prepare custom materials for your clients
For Financial Professional and Plan Sponsor Use Only. Not for Use With Consumers.
Lapse protection guarantees the policy death benefit for the duration of the guarantee and does not cover cash or surrender value. Loans, withdrawals and other policy and premium changes will affect the cost and length of protection. Failure to make premium payments as planned may cause the policy to lose lapse protection and premiums required to restore it could be significantly higher. Refer to the policy and endorsements for complete terms, conditions and limitations.