Protective ProClassic II UL
Protective ProClassic II 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.
- Desire the option of decreasing their death benefit amount without having to buy a new, separate policy if their needs change
- Could benefit from flexible premium payments when policy factors allow
- Want cash-value accumulation that can be used for future expenses or unexpected costs
Death benefit protection
The death benefit amount may be adjusted, within plan limits. This product offers clients two death benefit coverage options.
Terminal illness accelerated death benefit
This benefit allows the early payment of up to 60% of the death benefit, not to exceed $1M, if the insured has a qualifying terminal illness and meets certain terms and conditions within this benefit.
If lapse protection is lost, your clients may restore lapse protection by paying additional or higher premiums.
Accidental death benefit rider
Provides extra life insurance coverage and increases the death benefit paid to your client’s beneficiaries if their death results from an accident.
Children’s term rider
Provides death benefit protection for all natural, adopted, stepchildren and future children ages 15 days through 18 years at the time your client’s policy is issued.
Advances a portion of the base policy’s death benefit if the insured is certified by a licensed health practitioner with the past 12 months as chronically ill as defined in the contract.
Income provider option
Allows policy owner to select a guaranteed monthly or annual income stream for the death benefit payout. Policy owners can also choose an additional lump sum payout.
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ProClassic II UL (UL-25) is a universal life insurance policy issued by Protective Life Insurance Company, Brentwood, 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 or sex. In Montana, unisex rates apply.
Protective is a registered trademark of Protective Life Insurance Company and ProClassic II is a trademark of Protective Life