• Universal Life Insurance

  • Universal life insurance is a type of permanent life insurance policy that offers financial protection for the people you love and the potential to earn cash value over time.

  • For more information on life insurance options, give us a call at 1-844-733-5433 and talk with a Protective Life Agent, or get a free online quote for The Protective® Classic Choice Term life policy right now.

  • Permanent protection with flexible premiums for your family’s security

    A universal life insurance policy from Protective provides coverage for a lifetime and typically offers the potential for cash value growth. Find out how a universal life policy from Protective can benefit you.

  • Universal life insurance policies offer...

    It’s the flexibility of universal life insurance that attracts many people to this type of policy.

    Universal life insurance provides flexibility in your premium payments, flexibility in the use of any cash value within the policy, and ultimately, flexibility in the death benefit.

    • Lifetime coverage*
    • The potential for cash value growth
    • Tax-deferred growth on the cash value in your policy - and you can access or borrow against that cash value in the future**
    • Flexible death benefits and premium payments - because you can use your cash value to help with premiums
  • Is a universal life insurance policy right for you?

    • Do you like the idea of having permanent, lifetime protection?
    • Do you want the potential to build tax-deferred cash value over time to help you with long-term financial goals?
    • Is it useful to you to have the ability to use your cash value to offset premium payments in the future?

    If your answer to these questions is “yes,” then you might want to consider a universal life policy. But universal life insurance comes in a variety of types. Below is a quick overview of the different types of universal life insurance.

  • Which type of universal life insurance fits your needs?

  • Types of Universal Life Insurance
    Pros
    Cons

    Traditional Universal Life Insurance

    Can come with a variety of options but typically offers cash value, flexible premium payments and lifetime coverage. Learn More.
    • Offers lifetime death benefit coverage
    • Flexible premiums are typical
    • Minimum guaranteed interest rate provided
    • Most policies offer the potential for cash value growth and access*
    • May be more expensive than term insurance
    • Many options and features can be confusing
    • Interest rates may not be as high as with other types of cash value life insurance

    Variable Universal Life Insurance

    Similar to traditional universal life insurance, but premium payments can be allocated among different investment options to offer the potential for even greater cash value accumulation. Learn More.
    • Lifetime death benefit coverage provided
    • Flexible premiums are typical
    • Offers cash value growth potential and access*
    • You get to select how your cash value is invested
    • Investment expenses apply
    • Your policy is at risk if your investments options lose value
    • You may have to pay higher premiums to keep policy in force

    Indexed Universal Life Insurance

    Offers potential cash value accumulation based on positive changes in the performance of one or more stock market indices, but unlike variable universal life insurance, your earnings are typically protected from downside risk, subject to floors.  Learn More.
    • Lifetime death benefit coverage
    • Flexible premiums
    • Cash value growth and access*
    • Downside market protection
    • Policy fees and expenses might be higher than with other policies
    • Earning potential is lower than variable universal life because most policies are subject to cap rates
  • The Learning Center can help you on your path to affordable coverage

  • 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
  • Interested in discussing a life insurance policy?

    For more information on life insurance options, give us a call at 1-844-733-5433 and talk with a Protective Life Agent.

    Or if you’re looking for coverage from 10-30 years, consider a Protective Classic Choice® Term Life policy. Get a fast, free quote now.

  • See why so many have chosen Protective