• All Learning Center articles are general summaries that can be used when considering your financial future at various life stages. The information presented is for educational purposes and meant to supplement other information specific to your situation. It is not intended as investment advice and does not necessarily represent the opinion of Protective Life or its subsidiaries.

    Neither Protective Life nor its representatives offer legal or tax advice. We encourage you to consult with your financial adviser and legal or tax adviser regarding your individual situations before making investment, social security, retirement planning, and tax‐related decisions. For information about Protective Life and its products and services, visit www.protective.com.

  • Types of Insurance Policies

    We at Protective believe that choosing and buying any type of life insurance policy should be easy. The first step is simply deciding what’s right for you.

    There are essentially two main types of insurance policies -- Term and Permanent.

    Term life insurance is temporary life insurance. You’re paying for a fixed amount of coverage with a set expiration date. When your policy runs out, and you want to remain insured, you must buy another policy or pay a new premium that may be higher than your previous payments.

    When it comes to permanent life insurance, there are three types of insurance policies -- whole, universal and variable. There are no set expiration dates here, but each type of insurance policy offers a different kind of premium so you can fit it into your personal budget.

    Learn more about these types of insurance policies today by contacting an experienced Protective agent. Simply call 1-844-733-5433, Monday through Friday or get your quote online now.