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Protective Indexed Choice UL

Protective Indexed ChoiceSM UL is a universal life policy designed for clients seeking death benefit protection, flexible features and potential cash value accumulation based on positive performance of the S&P 500® Index. By using more reasonable illustrated rates, clients have the opportunity to benefit from participating in index upside potential without the risk created by over-stated returns. When combined with lower policy expenses, the product may be more appealing to you and your clients.
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Identifying the right clients for this product

When it comes to life insurance, there is no “one size fits all.” Protective Indexed Choice Universal Life may be a good option for clients that answer yes to the following questions.·        

  • Is your client seeking a death benefit to leave loved ones with financial security?
  • Is your client focused on wealth transfer to loved ones?
  • Does your client desire flexibility with payments and the opportunity to adjust depending on the situations that life presents?  
  • Features
  • Optional benefits

Cash-value accumulation

With Protective Indexed Choice Universal Life, your clients can utilize both a fixed account and an indexed account which can work together to build cash value.

Death benefit coverage

The death benefit amount may be adjusted, within plan limits, without having to buy a new, separate policy.

Lapse protection endorsement

The built-in lapse protection, automatically included on each policy, can guarantee death benefit coverage up to the lifetime of the insured based on the premiums paid and the formulas described in the Lapse Protection Endorsement.

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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.

Children's term life insurance rider

Can provide death benefit protection for all natural, adopted and stepchildren ages 15 days through 18 years at the time your client’s policy is issued. Provides term coverage up to age 25, the expiration date of the rider, or termination of the policy – whichever is earlier – for all covered children of the insured.

ExtendCareSM rider

The ExtendCare Rider advances a portion of the base policy’s death benefit if the insured is certified by a licensed health care practitioner within the past 12 months as chronically ill.

Waiver of specified premium

This rider waives premiums if the policy owner becomes disabled. There is a six-month waiting period before the waiver benefit takes effect.

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More sales resources

Access the tools you need to grow your business.

Education and prospecting materials
Find product specific and general life insurance educational materials to share with your clients.
Marketing materials
Find customizable marketing tools to help your clients understand life insurance.
Special software is available so you can run illustrations and hypotheticals for life insurance and annuity products.
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Prepare custom materials for your clients

Protective makes it easy to custom brand educational materials to share with your clients. Explore our library of brochures, videos and educational materials on permanent life insurance solutions and help your clients identify the product that best meets their needs.

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Next steps

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For more than 100 years, we’ve helped families protect their financial futures through affordable insurance, asset protection and retirement solutions.

For Financial Professional and Plan Sponsor Use Only. Not for Use With Consumers.

Protective Indexed Choice UL (UL-23) is a flexible premium universal life insurance policy issued by Protective Life Insurance Company, Nashville, TN. Policy form numbers, product features and availability may vary by state. Consult policies for benefits, riders, limitations and exclusions. Subject to underwriting. Up to a two-year contestable and suicide period. Benefits adjusted for misstatements of age of sex. In Montana, unisex rates apply. Protective Indexed Choice UL is not a security investment and is not an investment in the market.

The tax treatment of life insurance is subject to change. Neither Protective Life nor its representatives offer legal or tax advice. Your clients should consult with their legal or tax advisors regarding their individual situations before making any tax-related decisions.

Although the Indexed Account is not a security or direct investment in the stock market, it can offer you the upside potential of an equity market, but also protect your account value from downside market risk.

ExtendCare rider (ICC16-L638/L638 12-16) is issued by Protective Life Insurance Company. Actual terms and conditions contained in the rider govern all benefits provided. Please see the rider for more detailed information. Available only at issue and at an additional cost. Assumes medical and financial underwriting qualifications at time of initial application. Not available in all states. State variations may apply. The ExtendCare Rider is intended as a non-medical supplement to traditional long-term care policies and riders.