• Term Life Insurance

  • Term life insurance generally provides level insurance coverage at a fixed monthly premium for a specific length of time.

  • Custom Choice UL can offer a less expensive, flexible alternative to term life insurance.

  • Term Life Insurance

    Term life insurance is often a good choice for people who need more coverage during a specific period of time or who are looking for maximum coverage for their budget.

  • Reasons to consider term life insurance

  • Affordability

    Term life insurance is generally considered one of the least expensive types of insurance, and its simplicity makes it appealing to many people.

  • Temporary Needs

    With term life, it’s easy to select a policy length that will cover a specific time in your life - such as when children are younger or you have a higher mortgage.

  • Supplementing a Policy

    Many people choose a term life insurance policy to supplement an employer-provided policy or an existing permanent* policy at a more affordable rate.

    *As long as required premium payments are timely made.

  • Considering term life insurance?

    If you’re considering term life insurance, Protective has a unique alternative that offers the affordability of term life with flexibility for the future. Custom Choice UL offers level payments for coverage periods similar to term life and you can convert it to a more traditional permanent policy down the road if your needs change. Best of all it’s usually less expensive than comparable term, whole or universal life products on the market. Get your free quote.

  • Interested in discussing a life insurance policy? Give us a call and we’ll be happy to help you evaluate what type of policy might be right for you.

  • Common uses for term life insurance:

    The death benefit from either a term life or universal life insurance policy can be used for many different purposes. Some common uses include:

  • Income Replacement

    Income Replacement

    Providing a few years of income replacement for families in their prime earnings years.

  • Children's Education

    Children's Education

    A safety net should something happen to you while you’re saving for your child’s college education.

  • Business Preservation

    Business Preservation

    Enabling business continuity by structuring it as key person insurance or with buy/sell agreements.

  • Mortgage payoff

    Mortgage Payoff

    Policy proceeds can be used to cover an outstanding mortgage balance or other debt.

  • Student Loan

    Student Loan

    Policy proceeds can prevent your family from being burdened with covering student loans.

  • Divorce Settlement

    Divorce Settlement

    Satisfy requirements related to divorce, ensuring that alimony and child support can be maintained.

  • Understanding how term life insurance works

    Affordability and simplicity are two reasons term life insurance is so popular. But, if you choose a term life insurance policy, be sure to plan for the end of your coverage period.

    That’s because at the end of what is called the ‘initial level benefit period,’ the premiums to maintain your term life insurance coverage can increase dramatically. And because you’re older, it can cost more to replace your policy.

  • Five key things you should know about term life insurance

    1. Term life insurance provides financial protection for a specific period of time, usually 10 to 30 years.
    2. Term life insurance is often used when you anticipate your family’s need for coverage lessening in the future.
    3. Term life insurance is usually less expensive than permanent life insurance.
    4. Term life insurance insurance does not build cash value.
    5. Term life insurance premiums can dramatically increase once your initial coverage period ends.

  • Pros and cons to term life insurance:

  • Pros of term life insurance

    • Typically the most inexpensive type of life insurance coverage
    • Allows you to purchase coverage for the specified time frame you need
    • Easy to understand and manage
    • Offers fixed, level premium payments

  • Cons of term life insurance

    • Renewal premiums can be expensive if you need to extend coverage beyond your initial benefit period
    • Death benefit and coverage length cannot be adjusted
    • Does not build cash value

  • The Learning Center can help you on your path to affordable coverage

  • Interested in discussing a life insurance policy? Give us a call and we’ll be happy to help you evaluate what type of policy might be right for you.

  • See why so many have chosen Protective

  • Overall Protective Rating

  • Protective Custom Choice UL (UL-22) is a universal life insurance policy issued by Protective Life Insurance Company, Birmingham, Ala. 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. All payments and all guarantees are subject to the claims-paying ability of Protective Life Insurance Company. The tax treatment of life insurance is subject to change. Neither Protective Life nor its representatives offer legal or tax advice. Please consult with your legal or tax adviser regarding your individual situation before making any tax-related decisions.


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