Skip to Content
Happy couple laughs together while walking down the street in a city
Shield with Person

Life insurance is about protection

Life insurance from Protective can help provide financial protection for your loved ones when they may need it most. For more information on life insurance options, give us a call at 1-844-733-5433, or get a free online quote for the Protective® Classic Choice Term life policy now.
 
Get a term life quote
Simple List

Common uses for life insurance

You may know the importance of life insurance, but have you considered all the ways it can be used?
Income replacement
  • Continue to pay the mortgage
  • Cover outstanding debt
  • Maintain your family's lifestyle
Children's education
  • Ensure children don’t have to struggle to afford attending college
Business preservation
  • Keep a business in the family
  • Replace income for family members who depend on business
  • Allow a partner to buyout the business
Find Differences

Term or permanent life insurance?

You may have heard of term or permanent* life insurance but weren’t sure how they differ. Here’s a quick look:
Term Life Insurance
  • Covers for a select period of time
  • Offers a death benefit with no cash value
  • Often one of the most affordable types of life insurance
  • Appeals to families whose debt and future income needs are larger than their savings
Learn more about term life
Permanent Life Insurance
  • Provides a lifetime of coverage
  • Offers life insurance protection and potential for tax-advantaged cash value growth
  • Allows for cash value access through loans or withdrawals for retirement needs**

*As long as required premium payments are timely made.

**Withdrawals and loans will reduce the cash value and death benefit of the policy.

  • Universal life insurance
  • Whole life insurance
Some benefits of universal life insurance
  • Lifetime protection with added flexibility
  • Guaranteed death benefit
  • Tax-deferred cash value growth
  • Available policy types offering options for growth based on accumulation objectives and risk tolerance
Learn more about universal life
Father and mother smile at their baby between them
Some benefits of whole life insurance
  • Lifetime protection
  • Guaranteed death benefit
  • Tax-deferred cash value growth at a fixed interest rate
  • Sometimes used as a child's gift, taking advantage of their current insurability
Learn more about whole life
Father shares a smile with his son at the kitchen table
Support Line

Interested in discussing a life insurance policy?

Give us a call at 1-844-733-5433 and we’ll be happy to help you evaluate what type of policy might be right for you. For some types of insurance, we can give you a free online quote. Or call us, and we’ll walk you through your options.
Mother holds her baby’s feet to her face
When do I need life insurance?
Major life events affect your life insurance needs. You might consider layering policies to have more coverage at certain times — such as when you have children at home or when you’re starting a business.
Calendar with Star

Life insurance trigger events to consider

New job
Employer-provided life insurance can't always go with you, but a personal policy will not be dependent upon your employment status.
Home purchase
Taking on a mortgage means you need to evaluate whether you have enough coverage to offset this new debt.
Marriage or divorce
From reviewing the amount of coverage to changing beneficiaries, marriage or divorce is a critical time to reevaluate your life insurance needs.
Baby
More kids likely means you need more coverage. You'll want to plan for your child's future financial needs.
New business
Covering a business owner can allow for a smooth transition if the worst happens.
Retirement
You may find that life insurance becomes less about insuring your income and more about protecting assets as you near retirement.
Question Mark

Common questions about life insurance

1
What is life insurance?

Life insurance is a contract with an insurance company to purchase a lump sum payment (death benefit) to be dispersed to a beneficiary when the insured dies. The primary types of life insurance are whole (permanent lifetime coverage) and term (coverage for a certain number of years).

How does life insurance work?

Life insurance works by providing a death benefit if the insured dies during the policy period. Permanent life policies offer lifetime coverage; term policies cover only a certain timeframe. In all cases, the value of the death benefit is designed to exceed the cost of the policy.

How much is life insurance?

Life insurance policies vary significantly in price – from a few hundred to thousands of dollars – depending on a number of factors. The type of insurance purchased, amount of the death benefit, age and health of the insured, and options or riders all factor into cost.

Do I need life insurance?

Life insurance is purchased to pay off debts and/or provide financial security to loved ones after death. It's often used to cover funeral costs, replace income or pay off a mortgage. If your assets at death will not cover your expenses and you wish to care for others or leave a legacy, a life insurance policy can help.

Paperclip

Resources for you

The Learning Center can help you on your path to affordable coverage.
Life insurance basics
Why get life insurance?
Learn more
Policy finder
Not sure what you need? Our policy finder can help in 3 easy steps.
Life insurance policy finder
Calculate needs
Take a minute and we'll help you calculate your insurance needs.
Life insurance calculator
Easy

Getting a life insurance quote with Protective Life is easy!

1
Calculate needs
2
Get quote
3
Submit application
4
Complete medical exam
5
Application review and acceptance
Quote Line

Let’s get a term life quote

Select the option that best refers to your health conditions.

I am in superior health.My cholesterol and blood pressure are normal. My parents, my siblings and I have never had any medical conditions.

Overall, I am generally healthy and above average in the population. I take prescription medication for minor medical conditions other than cholesterol and blood pressure. My parents or siblings don't/didn't have any medical conditions.

I am in pretty good health, however I have some minor health issues like high blood pressure or cholesterol. My parents or siblings may have had some history of medical conditions.

My health could be better. My blood pressure or cholesterol levels are high, and I have a history of medical conditions.

See more factors

The information collected in this form by Protective will be used to offer you services that meet your needs and for other business purposes. Please visit our Privacy Policy for more information about our information practices, including information about your privacy choices.

Protective® Classic Choice Term (ICC16-TL21 / TL-21) is a term life insurance policy issued by Protective Life Insurance Company, Birmingham AL. Premiums increase annually after the initial guaranteed premium period. Not available in New York. Policy form numbers, product features and availability may vary by state. Consult policy for benefits, riders, limitations, and exclusions. There are no cash values. Up to a two-year contestable and suicide period. Benefits adjusted for misstatements of age or sex. In Montana, unisex rates apply. Any quote that is present is only an estimate and the actual premium and rate class will be determined after the underwriting process is completed. Neither Protective Life nor its representatives offer legal or tax advice. You should consult your attorney or tax advisor regarding your individual situation. The Company cannot increase the premium scale. All payments and all guarantees are subject to the claims paying ability of Protective Life Insurance Company.

WEB.1344.05.20