Protective Series Whole Life Simplified Issue
In place of a medical exam, simplified issue allows your clients to apply for coverage by answering a few medical history questions over the phone. This product also offers a guaranteed death benefit, a guaranteed level premium and guaranteed cash value.
Issue ages15 days - 65 years
Minimum of $20,000¹ with a maximum of $250,000.
Level premium payment periodPayable to age 100 or 20-Pay.
Access to cash valueOwner may borrow all or part of the loan value at interest, which if unpaid, will reduce the death benefit and may contribute to policy lapse. If requested by owner, premiums will be paid via contract loan.
Waiver of premium riderAvailable for issue ages 18 to 55. Payable if insured is unable to perform own occupation for two years following disability, and any occupation insured is reasonably suited for thereafter. Subject to rider terms and conditions.
Accidental deathPays an additional benefit upon qualified accidental death (as defined in the policy contract).
Guaranteed insurability rider
The option to purchase additional coverage in the future with no evidence of insurability.
The many benefits of working with Protective
For Financial Professional and Plan Sponsor Use Only. Not for Use With Consumers.
Protective Series Whole Life (ICC13-WL4/WL-4 7-13) is a non-participating whole life policy issued by Protective Life Insurance Company PLICO, Nashville, TN) in all states except New York where it is issued under (WL-04-NY 7-13) by Protective Life and Annuity Insurance Company (PLAIC, Birmingham, AL). Policy form numbers, product features and availability may vary by state. Consult the policy for benefits, riders, limitations, and exclusions. Up to a two-year contestable and suicide period. Benefits adjusted for misstatements of age or sex. In Montana, unisex rates apply. All payments and guarantees are subject to the claims of the issuing company.